Swiss Flavor Maker Givaudan Eyes Entry Into Pet Food Market
- Company eyeing acquisitions for entry into pet food space
- Few companies are put up for sale in this industry: CEO
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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.
“People spend more money on pets than kids nowadays,” Chief Executive Officer Gilles Andrier said in an interview. The sector’s “spectacular growth,” has benefited rivals Symrise AG and Nestle SA, which both have significant pet food exposure, he added.