Nutraconnect will help expand reach of Pharmactive’s ingredients in Asia Pacific.
Botanical extract ingredient supplier Pharmactive Biotech Products S.L.U. (Madrid) has forged a strategic partnership with Singapore-based Nutraconnect Pte Ltd., which will help bring Pharmactive’s ingredients to the Asia-Pacific marketplace, excluding Australia and New Zealand.
Nutraconnect Pte Ltd. will connect Pharmactive “with local and regional nutraceutical players seeking high-quality, pure ingredients,” says a Pharmactive press release.
Pharmactive’s Founder and CEO Jean-Marie Raymond commented: “Asia is a tremendous growth hub for Pharmactive. We already have had success in Korea, Japan, Vietnam, and Malaysia with Affron pure saffron extract and Aged Black Garlic (ABG+). Many Asian industry players, formulators, and brand owners approach us about new compounding formats or innovative product concepts to cross the nutraceutical/functional food and beverage divide. Asia is clearly the frontrunner in terms of new ingredient concepts."