Market Share of Spice and Herb Extracts Industry
The global spices and herbs extracts market is competitive, with a significant presence of numerous global and regional players. Kalsec Inc, Kerry Group plc, Döhler Gmbh, Givaudan, and Olam International. Key players in the global spice and herbs extract market are investing in R&D and are entering into mergers and acquisitions to enhance their product portfolios. Some of the leading market players are using strategies such as expansions, and partnerships. For instance, in April 2021, Olam Food Ingredients (OFI) acquired United States-based private-label spices and seasonings manufacturer Olde Thompson at an enterprise value of USD 950 million through its wholly-owned subsidiary Olam Holdings Inc. The acquisition helped expand OFI's private label capabilities and enabled the business to provide consumers with a comprehensive range of bold, authentic, natural tastes, and flavors with end-to-end traceability and sustainability.
Spices and Herbs Extracts Market Leaders
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Kerry Group plc
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Döhler Gmbh
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Givaudan
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Olam International
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Kalsec Inc
*Disclaimer: Major Players sorted in no particular order
