Closure follows financial pressures and broader restructuring of UK and Ireland operations.
The industry’s competitive landscape features major players such as Chr. Hansen Holding A/S, Kerry Group plc, IFF, ADM, Probi AB, BioGaia AB, and Yakult Honsha Co., Ltd.
Rising health concerns and global initiatives to reduce sugar and salt are spurring demand for natural sweeteners, flavor enhancers, and reformulation technologies.
Among the sources of food enzymes, microorganisms account for the largest market share due to their efficiency, scalability, and cost-effectiveness.
Cocoa and chocolate remain the most widely used confectionery ingredients globally.