The global food colours market is expected to witness an upsurge owing to the introduction of new food products with natural ingredients and colouring pigments. Technological advancement, coupled to sustainable solutions for food and beverage industries are expected to drive markets in 2017.
Acquisitive Israeli flavour firm, Frutarom, has acquired South African supplier, Unique Flavors (Unique) for R90-million. The transaction forms part of its goal to achieve a target of US$2 billion by 2020. Unique Flavors has a wide customer base in South Africa and other countries such as Ghana, Malawi, Zimbabwe and Mozambique.
It is often said that when one door closes another one opens. This was definitely the case for Johannesburg-based Flavourome. When a large supplier of powdered products decided to close shop at the end of 2015, the company saw a prime opportunity to build on the existing liquid capacity and forge its own entry into the seasonings industry.