Top 10 Natural Extract Companies - 2024

In the world of health and wellness, the pursuit of natural remedies has always been an enduring quest. As we navigate through the complexities of modern living, there’s a growing appreciation for the simple yet profound gifts nature offers us. Among these treasures, natural extracts stand out as veritable powerhouses, offering many benefits for the mind and body.

According to Grand View Research, the global herbal extract market was valued at USD 29.8 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 8.2 percent from 2024 to 2030. The market is expected to advance due to increased demand for preservative-free, glutenfree, non-artificially flavored, and color-free foods and beverage items.

One of the most compelling aspects of natural extracts is their versatility. From traditional remedies passed down through generations to cutting-edge formulations backed by scientific research, these extracts find their way into an array of products, ranging from dietary supplements and skincare formulations to culinary delights and aromatherapy blends.

In recent years, scientific studies have increasingly validated the efficacy of natural extracts, shedding light on their mechanisms of action and therapeutic potential. For instance, research has shown that curcumin, the active compound in turmeric extract, exhibits potent anti-inflammatory and antioxidant properties, making it a valuable ally in the fight against chronic diseases such as arthritis and heart disease.

This issue of Food Business Review provides an overview of the latest advancements in the natural extract services sector and offers valuable insights on how companies are adapting to these trends and implementing profitable strategies to modernize outdated practices.

We have curated thought leadership articles from industry experts, including Victor Giansante, Chief of New Business and Product Officer at Boali, and Emma Cahill, Global Strategic Marketing Director at Kerry.

Our extensive analysis of market trends has allowed us to pinpoint companies at the forefront of innovation in natural extract products and services. Among them, Nielsen-Massey Vanillas stands out, equipped with groundbreaking technological capabilities poised to transform businesses with unmatched services.

We hope this edition of Food Business Review helps you build the partnership you and your organization need to foster an environment driven by efficient technology.

Natural Extract - 2024

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Nielsen-Massey Vanillas

Nielsen-Massey Vanillas, a family-owned business with over a century of expertise, leads the industry in sustainable vanilla production. Through innovative cold extraction techniques and a commitment to fair trade, they offer premium vanilla extracts and ingredients for baking, food manufacturing and the food service industry.

Nielsen-Massey’s cold-processed extracts capture the full-bodied flavor of the vanilla bean, making them the preferred choice of top chefs, bakers and food manufacturers globally

Jonathan Thompson, CEO
...
ADM

ADM is a world leader in nutrition for humans and animals. It leverages the power and provisions of nature to produce ingredients and solutions that provide safe, healthy, and sustainable sustenance for humans and animals worldwide.
Beck Flavors

With 100 years of flavor knowledge and a responsive workforce, Beck Flavors combines the resources of a large flavor house with the personal service of a small start-up. The Beck Flavors family provides its consumers with the ultimate strategic relationship by offering creative, high-quality, unique flavor solutions.
dōTERRA

dōTERRA sources essential oils from throughout the world. They collaborate with dedicated partners to provide the greatest growing conditions and produce the purest, highest-quality essential oils. As the undisputed leader in the world’s aromatherapy and essential oil markets, doTERRA recruits the most talented and expert individuals for its staff.
Fungi Perfecti

Fungi Perfecti, the creator of Host Defense® MushroomsTM, is a family-owned firm specializing in mushroom mycelium-based supplements. Paul Stamets founded Fungi Perfecti in 1980 with the objective of connecting humans and fungi. Since then, the company has been associated with cutting-edge mycological studies and innovative solutions.
Kalsec

Kalsec is dedicated to supplying the food industry with dependable natural ingredient suppliers for the next 100 years. Kalsec products are made from natural herbs, spices, vegetables, and hops and are available as easy-to-use liquid extracts suitable for most formulations.
Monk Fruit Corp

Monk Fruit Corp aims to provide food and beverage companies with a natural, low-calorie alternative to sugar, enabling them to create healthier foods and beverages.
Rodelle

Rodelle uses excellent ingredients that are carefully farmed and selected to enhance the flavors in their culinary creations. From sweet to savory, classic to trendsetting, their gourmet ingredients elevate daily pleasures to spectacular moments.
SWT STEVIA

SWT STEVIA is an international group of sweet-toothed entrepreneurs from Chile and Mexico. What connects them is a shared enthusiasm for creating stevia leaves and extracts and natural sweetness solutions that provide customers with fewer calories and fantastic taste.
The Watkins Company

Since 1868, Watkins has provided all-natural, organic seasonings, spices, tastes, and much more. Whatever the meal or occasion, they can help customers thoroughly enjoy every moment. Watkins is the hidden ingredient in the best cooking traditions, from grandma’s famous recipe to tonight’s unique twist on supper.
Nielsen-Massey Vanillas

Nielsen-Massey Vanillas, a family-owned business with over a century of expertise, leads the industry in sustainable vanilla production. Through innovative cold extraction techniques and a commitment to fair trade, they offer premium vanilla extracts and ingredients for baking, food manufacturing and the food service industry.
Nielsen-Massey’s cold-processed extracts capture the full-bodied flavor of the vanilla bean, making them the preferred choice of top chefs, bakers and food manufacturers globally

Jonathan Thompson, CEO,...
ADM

ADM is a world leader in nutrition for humans and animals. It leverages the power and provisions of nature to produce ingredients and solutions that provide safe, healthy, and sustainable sustenance for humans and animals worldwide.
Beck Flavors

With 100 years of flavor knowledge and a responsive workforce, Beck Flavors combines the resources of a large flavor house with the personal service of a small start-up. The Beck Flavors family provides its consumers with the ultimate strategic relationship by offering creative, high-quality, unique flavor solutions.
dōTERRA

dōTERRA sources essential oils from throughout the world. They collaborate with dedicated partners to provide the greatest growing conditions and produce the purest, highest-quality essential oils. As the undisputed leader in the world’s aromatherapy and essential oil markets, doTERRA recruits the most talented and expert individuals for its staff.
Fungi Perfecti

Fungi Perfecti, the creator of Host Defense® MushroomsTM, is a family-owned firm specializing in mushroom mycelium-based supplements. Paul Stamets founded Fungi Perfecti in 1980 with the objective of connecting humans and fungi. Since then, the company has been associated with cutting-edge mycological studies and innovative solutions.
Kalsec

Kalsec is dedicated to supplying the food industry with dependable natural ingredient suppliers for the next 100 years. Kalsec products are made from natural herbs, spices, vegetables, and hops and are available as easy-to-use liquid extracts suitable for most formulations.
Monk Fruit Corp

Monk Fruit Corp aims to provide food and beverage companies with a natural, low-calorie alternative to sugar, enabling them to create healthier foods and beverages.
Rodelle

Rodelle uses excellent ingredients that are carefully farmed and selected to enhance the flavors in their culinary creations. From sweet to savory, classic to trendsetting, their gourmet ingredients elevate daily pleasures to spectacular moments.
SWT STEVIA

SWT STEVIA is an international group of sweet-toothed entrepreneurs from Chile and Mexico. What connects them is a shared enthusiasm for creating stevia leaves and extracts and natural sweetness solutions that provide customers with fewer calories and fantastic taste.
The Watkins Company

Since 1868, Watkins has provided all-natural, organic seasonings, spices, tastes, and much more. Whatever the meal or occasion, they can help customers thoroughly enjoy every moment. Watkins is the hidden ingredient in the best cooking traditions, from grandma’s famous recipe to tonight’s unique twist on supper.