Naturex reports strong year, plans client diversification

By Jess Halliday

- Last updated on GMT

Related tags: Food

Naturex has reported a bumper year of organic growth with sales up 21.6 per cent, and is planning the next stage in its development following the integration of Naturaceutical’s ingredients division.

In 2010, the first full year since Naturex acquired Natraceutical’s ingredients division the French natural extracts specialist has brought in €226.3m in sales – compared to €186.1 in full year 2009 (the figures for the prior year have been adjusted for comparison to include Natraceutical’s sales).

CEO Jacques Dikansky said that, bolstered by Natraceutical assets, which were swifty integrated in 2010, “Naturex intends to accelerate its development by calling upon its high-performance industrial resources, its sustained R&D and its integrated worldwide sales network, in order to boost international client diversification and loyalty with an enlarged personalised offering of specialty plant-based ingredients."

The Natraceutical division has brought Naturex and enriched range of products and concepts to offer to the market, allowing it to meet more of the needs of its customers. It now has some 1500 products in its portfolio – and more than 2000 clients in total.

The company says all three industries contributed to the good results – food and beverage, nutrition and health, and personal care. Food and beverage makes up the larges slice of its business, having brought in €137.1m in 2010. Nutrition and health brought in €75.5m.

It explains the boom as down to the global demand for natural products, as well as new legislation – in particular relating to the use of certain artificial colourings in foods. Since last summer any food products sold in the EU using the so-called Southampton colours, linked to hyperactivity, most carry a warning label. This has driven companies to reformulate to remove them.

In 2010 Naturex saw 52 per cent of its revenues coming from Europe and Africa, 37.2 per cent from the Americas, and 10.8 per cent from Asia and Oceania. Its sales network spans 16 countries.

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