Symrise reports accelerated organic growth, expands business in all segments

14 Aug 2018 --- Symrise AG (Symrise) has accelerated its organic growth course in the second quarter. All segments and regions contributed to this positive development, according to the company. Group sales rose significantly by 9.0 percent in the first half of 2018 and earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to €317.1 million (H1 2017: €322.9 million). Against the background of this positive business performance, Symrise is refining its outlook for 2018. The group now expects an increase in annual sales above the medium-term target corridor of 5 to 7 percent, therefore growing significantly faster than the market.

Global export success: UK food and drink sales reach record high, but Brexit looms large

13 Aug 2018 --- UK food and drink exports hit a record level of £10.6 billion (US$13.5 billion) for the first half of 2018 – up by 4 percent compared to last year, as the date for Britain's exit from the EU draws ever closer. The US, China and Hong Kong were among the top countries importing British products, according to new figures from the Department for Environment, Food & Rural Affairs, illustrating how the country's manufacturers may be able to look further beyond prioritizing their EU trading strategy in the future. Demonstrating a clear global desire for British taste, quality and high standards, UK food and drink businesses are now selling their products to over 200 global markets.

Ruby chocolate flavor: Synergy launches “sweet yet sour” chocolate profile

13 Aug 2018 --- Synergy Flavours has launched a newly developed Ruby Chocolate flavor to add to its wide range of chocolate flavor profiles. Speaking to FoodIngredientsFirst, Hugh Evans, Marketing Manager for Europe and Asia at Synergy Flavours says: “Our team of flavorists were able to use sensory analysis results directly from Ruby chocolate itself, resulting in them being able to capture the most authentic flavor possible.”

New highs: Heineken launches brew made with marijuana

10 Aug 2018 --- Heineken's new brew, Hi-Fi Hops, from California beer brand Lagunitas, is made with marijuana instead of alcohol. Hi-Fi Hops is currently only available in a select number of dispensaries in California, where marijuana is legal. Lagunitas, Heineken's fast-growing California beer label, labels its new brew as “hoppy sparkling water.”

Kerry on Christmas beverage trends for 2018: “Expect indulgence, alternative concepts & premiumization”

09 Aug 2018 --- Dessert-inspired treats, iced drinks, premium ingredients and unexpected flavors will be prominent on beverage menus across Europe this Christmas, according to research from Kerry Taste & Nutrition (Kerry). Most of Europe is still experiencing the effects of a very hot summer and heatwaves throughout, but flavor thoughts are already turning to the festive season, a crucial sales period in the beverage market. Kerry has therefore announced this year’s consumer trends, key flavors and easy-to-make concepts, based on its proprietary research tool to help customers drive footfall.

Kerry reports “solid” 4.1 percent growth in Taste & Nutrition, updates full-year guidance

09 Aug 2018 --- Kerry has reported a solid underlying business performance for the half year ended June 30, 2018. Taste & Nutrition was up by 4.1 percent volume growth and Consumer Foods was up by 1.3 percent volume growth in H1. UK and Irish consumer foods markets encountered challenges in the period, however, Kerry’s Consumer Foods division delivered a solid underlying performance. Business Performance Group revenue on a reported basis increased by 1.4 percent to €3.2 billion reflecting strong volume growth and contribution from acquisitions.

Biorigin achieves Non-GMO Project verification for 38 ingredients

08 Aug 2018 --- Biorigin has reinforced its commitment to transparency, the company's line of yeast extracts, Bionis, has achieved Non-GMO Project Verified status for 38 if its natural ingredients portfolio. Biorigin claims to be always following the most important demands and market trends in order to work on the art of creating natural, non-GMO, clean label and sustainable solutions which promote people's health and well-being. 

A world first: Vegan smoked sausage debuts

08 Aug 2018 --- For the past seven years, Dutch meat alternatives innovator The Vegetarian Butcher has been working on a plant-based smoked sausage with a traditional taste. The aim was to create a product that would taste great, even for typical meat eaters. In addition to creating a good flavor, it was a challenge to create a sausage with a “bang,” according to the company. The product has now made its debut.

IFF reports strong first-half results, “performance was broad-based,” says CEO

08 Aug 2018 --- International Flavors & Fragrances Inc. (IFF) has reported its financial results and strategic achievements for the second quarter ended June 30, 2018. Top-line trends remained strong in the second quarter, marking the fourth consecutive quarter of mid-single digit growth, according to IFF Chairman and CEO, Andreas Fibig.

Natural and clean label expansion: Firmenich acquires Campus, Italian innovator in protein solutions

08 Aug 2018 --- Firmenich has acquired Italy-based Campus, an innovator in the application of natural functional ingredients for protein applications, specializing in clean label, meat and plant-based foods. This acquisition broadens Firmenich’s capabilities in naturals and protein solutions, cutting across animal and vegan food products. Neither party is disclosing financial details of the deal, which is expected to close by the end of this week.

Flavor merger progress: Frutarom shareholders overwhelmingly approve takeover by IFF

07 Aug 2018 --- Frutarom shareholders voted to approve the proposed combination of Frutarom and International Flavors & Fragrances Inc. (IFF) at the general meeting of Frutarom shareholders yesterday. Of the votes cast, 94.6 percent were in favor of the proposed merger, representing approximately 74.7 percent of all outstanding shares.

Harnessing AI for taste creation: Firmenich partners on Digital Lab

06 Aug 2018 --- Firmenich has inaugurated its Digital Lab – D-Lab – in partnership with the Ecole Polytechnique Fédérale de Lausanne (EPFL), an institute for science and technology. A key milestone of Firmenich’s digital strategy, D-Lab is dedicated to harnessing Artificial Intelligence (AI), to augment the group’s innovation across fragrance and taste creation. Expanding Firmenich’s footprint to the EPFL Innovation Park, the digital hub brings together Firmenich creators and experts with key members of the Campus’s dynamic ecosystem, according to the company.

Heineken forms agreement with China's biggest brewer

06 Aug 2018 --- Heineken N.V. has signed non-binding agreements with China Resources Enterprise, Limited (CRE) and China Resources Beer (Holdings) Co. Ltd. (CR Beer) to create a long-term strategic partnership for Mainland China, Hong Kong and Macau (together China). In the context of this partnership, Heineken will become CRE’s 40 percent minority partner in holding company CRH (Beer) Limited (CBL), which controls CR Beer, the undisputed market leader in the world's largest beer market, China.

Global flavors & fragrances market to reach US$36 billion in 2022

06 Aug 2018 --- The global flavors and fragrances market continues to show good rates of growth across the various regions, according to IAL Consultants. The company has published the 11th edition of its report on the global markets for Flavors & Fragrances. The total global market reached US$28.2 billion in 2017, an increase of 4.6 percent compared to the previous year and is expected to grow at an average annual rate of 4.9 percent p.a. to reach approximately US$36 billion in 2022. Of the total world market, flavors account for approximately 56 percent and fragrances for the remaining 44 percent.

LCI launches fermented wheat flour preservative for baked goods

03 Aug 2018 --- Limagrain Céréales Ingrédients (LCI) has launched Cereclean, its newest addition to its clean label range, developed in response to the awareness and expectation of natural and clean ingredients.

Weekly Roundup: Kellogg raises revenue forecast, Solvay’s natural vanillin receives GRAS approval

03 Aug 2018 --- This week, in business results, Bunge sustained a loss of US$21 million in the second quarter and Kellogg and raised its revenue forecast for the year. In the same week, the company announced the launch of its joyböl brand in the UK, targeting millennials with an all-in-one packaged smoothie bowl. Essentia Protein Solutions has been reaccredited to the highest grade AA by the BRC (British Retail Consortium) Global Standard for Food Safety at its Tipton, UK manufacturing site. Dairygold has won eight prestigious awards at the recent International Cheese Awards which was held in Nantwich, England and Grupo Lala, has named Mauricio Leyva as its new Chief Executive.

Street food reigns supreme: Schwartz launches seasonings inspired by global cuisines

02 Aug 2018 --- Schwartz has launched a new Street Food Seasonings range in response to the growing consumer trend for world foods. The UK, in particular, has seen a rise in popularity of street food markets, where consumers enjoy on-the-go, versatile and authentic world flavors. Matched with their audience’s desires to recreate recipes from scratch at home, this new series of seasonings is the perfect fix for adventurous millennials seeking quick, easy and tasty meal ideas.

Fermentation factor: Lallemand & Veripan develop solutions for artisan-style bread

01 Aug 2018 --- One of today’s key trends is the industrial production of artisan-style bakery products. In response to these trends for fermented ingredients, Lallemand and Veripan have formed a “collaboration which will combine Lallemand’s knowledge and expertise in yeasts, cultures and enzymes with Veripan’s proprietary fermentation technologies, creating strong synergies between both companies.”

Evolving flavor demands: Sensient targets vegan, organic and reduced sugar platforms

01 Aug 2018 --- Clean label is now a global standard. People investigate their food and beverage choices more closely now, and they are very specific about what they want to see. According to recent Sensient primary research, authenticity and natural ingredients are key drivers when it comes to making food choices. Sensient analysts have found that in the clean label world, the words “natural” and “extract” carry significant weight. Consumers see it as the closest to nature that they can get. At IFT 2018, just last month, Sensient were exhibiting their latest product innovations, developed in response to these consumer needs.

FDA backs Impossible Foods’ “magic ingredient”

31 Jul 2018 --- Impossible Foods has received a no-questions letter from the US Food and Drug Administration (FDA), validating the unanimous conclusion of food-safety experts that its key ingredient – “heme” – is safe to eat. Impossible Foods makes meat directly from plants and the company uses science and technology to create wholesome, nutritious food, restore natural ecosystems and feed a growing population sustainably, thus with a much smaller environmental footprint than meat from animals.

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