Givaudan SA, a Swiss perfume and taste producer, is contemplating getting into the pet meals market, probably by way of acquisitions, in a bid to benefit from a fast-growing sector, based on reviews.
The corporate’s CEO, Gilles Andrier, mentioned in an interview that the pet meals area has had “spectacular development” and has benefited its rivals, Symrise AG and Nestle SA, which each have a major pet meals presence.
An acquisition of a pet meals components producer may assist give Givaudan “a foot within the area, a place to begin,” Andrier mentioned. He famous, nonetheless, that it may be laborious to seek out the suitable targets in a extremely aggressive market.
Givaudan makes numerous components and smells which can be utilized in a variety of family and private care merchandise, in addition to meals. The US$47 billion group’s pores and skin cream and make-up division, which has been increasing by way of acquisitions in addition to organically, supplies parts resembling antioxidants, surfactants and oils utilized by giant beauty corporations, together with L’Oreal SA.
