Givaudan weighs entry into pet food market

Quick Summary:

Swiss fragrance and flavor group Givaudan SA is considering entering the pet food market, potentially via acquisitions, in a bid to take advantage of a fast-growing sector.

His comments boosted shares last Wednesday as he talked about the company’s expansion in the “active beauty space” at a conference.

The sector’s “spectacular growth,” has benefited rivals Symrise AG and Nestle SA, which both have significant pet food exposure, he added.

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Article Details

Author / Journalist: Bloomberg News

Category: BusinessStartups

Markets: PhilippinesSweden

Topics: Andrier Symrise Food Givaudan Market Growth Acquisitions Billion Sector Ingredients Swiss

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 11:48:47 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22332472

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Official Website: businessmirror.com.ph

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