Plant-based-ingredients specialist Naturex (Avignon, France) saw 21.6% organic revenue growth last year, exceeding its objectives, the company announced.
Plant-based-ingredients specialist Naturex (Avignon, France) saw 21.6% organic revenue growth last year, exceeding its objectives, the company announced.
In constant currencies, the increase in yearly sales in 2010 was 16.2%, above the 10 to 15% growth the company had targeted last September. Total annual consolidated revenue for 2010 was €226.3 million.
The food and beverage, nutrition and health, and personal care markets contributed to growth in natural-ingredient demand, “benefiting from…world demand for natural products and health, as well as from reinforced regulations, particularly within the framework of the use of artificial coloring agents in food products,” the company says.
The integration of the ingredients division of Natraceutical Group also contributed to growth, “enriching the range of products and solutions that are designed and marketed by Naturex, and [covering] the needs of clients more widely.”
In particular, Naturex says it saw accelerated demand from emerging countries such as Asia and Latin America.
“These excellent figures, well above the announced growth targets, confirm the success in our positioning and the pertinence of our strategy,” said chairman and CEO Jacques Dikansky. “The integration of the ingredients division of Natraceutical Group was carried out rather briskly over 2010, and we are proud of this success.”
The Nutritional Outlook Podcast Episode 33: Keeping up with contract manufacturing
July 26th 2024Nutritional Outlook talks to Lauren Samot, commercial innovation leader, and Blayney McEneaney, sales executive at Vitaquest International, about trends within the contract manufacturing space, and the ways in which contract manufacturers like Vitaquest keep up with the market and differentiate themselves from the competition.