Cocoa Seed Extract Sales

Cocoa Seed Extract Sales Market Outlook

The global cocoa seed extract market is projected to reach a valuation of approximately USD 1.2 billion by 2035, growing at a robust compound annual growth rate (CAGR) of around 8.2% during the forecast period of 2025 to 2035. This growth is largely attributed to the increasing demand for natural ingredients in food and beverage products, as well as a rising consumer awareness regarding the health benefits associated with cocoa seed extracts. Factors such as the expanding health-conscious population and the popularity of cocoa in the cosmetics and nutraceutical industries are further propelling market growth. Furthermore, innovative product development alongside strategic partnerships among industry players is enhancing market penetration and expanding consumer reach. As a result, the cocoa seed extract market is anticipated to witness significant opportunities in various application segments, bolstered by evolving consumer preferences and trends.

Growth Factor of the Market

One of the primary growth factors driving the cocoa seed extract market is the increasing preference among consumers for natural and organic ingredients in their food products, which has surged in response to global health trends and awareness campaigns. This shift in consumer behavior is compelling manufacturers to incorporate cocoa seed extracts into their formulations, promoting health benefits such as antioxidant properties, anti-inflammatory effects, and cardiovascular health. Additionally, the growing popularity of plant-based diets has encouraged food and beverage companies to adopt cocoa seed extracts, further increasing demand. The rise in the cosmetic industry, where cocoa extracts are lauded for their anti-aging properties and skin benefits, also serves as a substantial driver for market growth. Moreover, advancements in extraction techniques that enhance the quality and concentration of active compounds in cocoa seed extracts are attracting investments and innovations within the sector.

Key Highlights of the Market

• Projecting a CAGR of 8.2% from 2025 to 2035, showcasing robust growth potential.
• Increasing incorporation of cocoa seed extracts in food and beverages due to health benefits.
• Expansion of the nutraceuticals and cosmetics sectors contributing to market growth.
• Advancements in extraction technologies improving product quality and efficacy.
• Rising consumer awareness regarding natural and organic ingredients driving demand.

By Product Type

Powder:

Cocoa seed extract in powder form is one of the most popular types owing to its versatility and ease of use in various applications. It is commonly used in baking, smoothies, and health supplements, making it a staple ingredient in health-conscious diets. The powder form retains many beneficial phytochemicals, including flavonoids, which are known for their health-promoting properties. Additionally, the cocoa powder is often utilized in the food industry for flavor enhancement, while also contributing to the overall nutritional profile of products. With the rise in demand for gluten-free and plant-based options, cocoa powder is increasingly being recognized as an excellent alternative for functional ingredients, further driving its market growth.

Liquid:

Liquid cocoa seed extracts are gaining traction in the beverage industry, where they are often used in drinks, smoothies, and energy shots. The liquid form provides a concentrated source of antioxidants and other bioactive compounds, making it an attractive addition to health-oriented beverages. This product type offers excellent solubility, allowing it to blend seamlessly with other ingredients in various formulations. As consumers lean towards convenient and ready-to-drink health solutions, the demand for liquid cocoa seed extracts is expected to surge, presenting significant growth opportunities for manufacturers in this segment.

Capsules:

Cocoa seed extract capsules are a preferred choice for consumers seeking a convenient way to incorporate the health benefits of cocoa into their daily routine. This product type is particularly popular among nutraceutical manufacturers, catering to health-conscious individuals looking for supplements that support heart health and overall wellness. Capsules offer a precise dosage of active compounds, ensuring consumers receive the benefits associated with cocoa seed extracts without the need for specific dietary adjustments. The format's convenience and effectiveness are driving its adoption and penetration within the market, aligning with global wellness trends.

Tablets:

Tablets containing cocoa seed extract are gaining popularity in both the pharmaceutical and nutraceutical sectors. This format provides an easy method of consumption while maintaining the health benefits attributed to cocoa. The hardness and stability of tablets also allow for extended shelf life, catering to consumer preferences for durable and long-lasting products. In addition, tablets can be formulated to include other beneficial ingredients, leading to the development of multi-functional health supplements. As the demand for dietary supplements continues to rise, cocoa seed extract tablets are likely to become more prevalent within the market.

Extracts:

Cocoa seed extracts in concentrated forms are primarily utilized in both food and cosmetic applications where potency is paramount. These extracts can be fortified with higher concentrations of antioxidants and other beneficial compounds, maximizing their effectiveness. In the cosmetics industry, cocoa extracts are often employed for their moisturizing and anti-aging properties, making them a valuable ingredient in skincare formulations. The versatility and efficacy of cocoa extracts position them as a high-value product type within the cocoa seed extract market, appealing to manufacturers looking to enhance product performance and consumer satisfaction.

By Application

Food and Beverages:

The food and beverage segment is a significant driver of cocoa seed extract market growth. Cocoa seed extracts are widely used in chocolates, snacks, and beverages, such as smoothies and energy drinks, due to their rich flavor profile and numerous health benefits. The increasing health consciousness among consumers has led to a rising demand for health-enhancing ingredients, with cocoa extracts being recognized for their antioxidant properties. Moreover, the shift towards functional foods that offer health benefits beyond basic nutrition is encouraging manufacturers to incorporate cocoa seed extracts into their product lines, thereby driving market growth in this segment.

Pharmaceuticals:

Cocoa seed extracts are increasingly being incorporated into pharmaceutical formulations due to their known therapeutic properties. The extracts are recognized for their potential cardiovascular benefits and anti-inflammatory effects, making them appealing for wellness products. Many pharmaceutical companies are exploring the health claims associated with cocoa seed extracts, particularly in relation to heart health, diabetes management, and mood enhancement. As the global aging population becomes more conscious of their health, the demand for cocoa seed extracts in pharmaceuticals is expected to grow, presenting lucrative opportunities for market players in this segment.

Cosmetics:

The cosmetics application of cocoa seed extracts is witnessing significant growth, driven by consumer preferences for natural and organic skincare products. Cocoa seed extracts are known to possess skin-nourishing properties, helping to hydrate the skin and provide anti-aging benefits. They are used in creams, lotions, and other skincare products, appealing to consumers seeking effective yet gentle formulations. The increasing trend of clean beauty is prompting cosmetic manufacturers to explore the benefits of cocoa extracts, further boosting market growth in this segment as they aim to meet consumer demand for ethical and sustainable products.

Nutraceuticals:

The nutraceuticals segment is thriving as consumers increasingly seek supplements that promote overall health and wellness. Cocoa seed extracts are widely recognized for their antioxidant properties, making them a popular ingredient in dietary supplements designed to support heart health, cognitive function, and mood enhancement. The growing awareness of the importance of preventive healthcare is propelling the demand for natural and plant-based nutraceuticals, leading to a surge in the use of cocoa seed extracts in formulations. This segment is expected to see substantial growth as health-conscious consumers continue to prioritize dietary supplements that contribute to their well-being.

Others:

This category includes various niche applications of cocoa seed extracts, including their use in functional foods, specialty health products, and alternative therapies. The versatility of cocoa seed extracts allows them to be incorporated into a wide range of products, catering to diverse consumer preferences and needs. As the market for innovative health products expands, manufacturers are likely to explore the potential of cocoa extracts in unique applications, creating additional growth avenues within this segment. The adaptability of cocoa seed extracts positions them favorably for future market developments across various sectors.

By Distribution Channel

Online Stores:

The online distribution channel is rapidly gaining popularity as a convenient shopping option for consumers seeking cocoa seed extracts. The ease of access to a wide range of products, along with the ability to compare prices and read reviews, has made online shopping a preferred choice for many consumers. E-commerce platforms often provide detailed product information, allowing consumers to make informed decisions regarding their purchases. Furthermore, the ongoing trend of digital shopping is driving the growth of the online segment as more consumers turn to the internet for their health and wellness needs, including cocoa seed extracts.

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets continue to be key distribution channels for cocoa seed extracts, providing consumers with easy access to a variety of health products. The presence of cocoa seed extracts in these retail formats enhances product visibility and allows consumers to conveniently purchase their preferred items while grocery shopping. These stores often host promotions and offer bundled packages that attract consumers looking for value. The large-scale retail operations are investing in health food sections, further supporting the inclusion of cocoa seed extracts in their offerings, thus driving sales in this distribution channel.

Specialty Stores:

Specialty stores focusing on health foods and organic products are significant contributors to the cocoa seed extract market. These stores cater to health-conscious consumers who are more likely to seek premium-quality products, including cocoa seed extracts. Specialty stores often provide a curated selection of items that appeal to niche markets, creating an environment where consumers can explore various health-focused options. The knowledgeable staff in these stores also plays a role in promoting the benefits of cocoa seed extracts, fostering a community around health and wellness that drives sales within this segment.

Drug Stores:

Drug stores serve as important distribution channels for cocoa seed extracts, particularly for health supplements and nutraceuticals. Many consumers prefer to purchase health-related products from pharmacies, where they can seek advice from pharmacists regarding their choices. The presence of cocoa seed extracts in drug stores aligns with the growing awareness of preventive health measures, as consumers increasingly turn to natural solutions for their wellness needs. The strategic positioning of cocoa seed extracts within these retail environments creates opportunities for growth as health-conscious shoppers seek reliable and effective options.

Others:

The "Others" category encompasses various distribution channels such as health clubs, fitness centers, and direct sales. These alternative channels are becoming relevant as more consumers embrace active lifestyles and seek health products that align with their fitness goals. Cocoa seed extracts are increasingly being marketed in fitness-related environments, tapping into the wellness trend that promotes natural ingredients for energy and recovery. Additionally, direct sales methods, such as subscription services and home delivery, are gaining traction as they cater to consumers looking for convenience and personalized service. This diversification of distribution channels is expected to contribute to the overall growth of the cocoa seed extract market.

By Ingredient Type

Caffeine:

Caffeine is one of the key ingredient types found in cocoa seed extracts, known for its stimulating properties. Cocoa seed extracts containing caffeine are favored in energy products, helping improve mental alertness and physical performance. The increasing demand for natural energy boosters is driving the incorporation of caffeine-rich cocoa extracts in various formulations, including energy drinks and pre-workout supplements. As consumers shift away from synthetic caffeine sources, the natural option provided by cocoa seed extracts is becoming increasingly appealing, positioning this ingredient type favorably in the market.

Theobromine:

Theobromine, a compound naturally present in cocoa, is gaining recognition for its health benefits, including its cardiovascular and mood-enhancing properties. This ingredient type is commonly found in wellness products and supplements, appealing to consumers seeking a natural boost in energy without the jitters associated with caffeine. Theobromine's popularity is on the rise, particularly among individuals looking for alternatives to traditional stimulants. As research continues to highlight its potential health benefits, demand for theobromine-rich cocoa seed extracts is likely to grow significantly within the market.

Polyphenols:

Polyphenols are a group of antioxidants found abundantly in cocoa seed extracts, contributing to their status as functional ingredients. The health benefits linked to polyphenols, such as reducing inflammation and supporting heart health, are driving their incorporation into nutraceuticals and food products. As consumers increasingly seek products that promote well-being and longevity, the demand for polyphenol-rich cocoa seed extracts is expected to rise. Education around the importance of antioxidants in diet will further support the growth of this ingredient type in various applications.

Anandamide:

Anandamide, often referred to as the "bliss molecule," is another significant ingredient found in cocoa seed extracts. This compound is known for its mood-enhancing properties and potential to provide feelings of happiness and relaxation. The increasing focus on mental health and emotional well-being among consumers is driving interest in products containing anandamide. As cocoa seed extracts are recognized for their ability to influence mood positively, demand for formulations leveraging this ingredient type is likely to grow, particularly within the wellness and nutraceutical sectors.

Others:

The "Others" category includes various other beneficial compounds found in cocoa seed extracts, such as flavonoids and vitamins. These compounds contribute to the overall health benefits associated with cocoa, including enhanced cognitive function and anti-inflammatory effects. As the market for functional foods and supplements expands, there is a growing demand for products that incorporate multiple beneficial ingredients, including those found in cocoa seed extracts. This trend is likely to drive innovation and product development in the cocoa seed extract market, with manufacturers exploring unique combinations that appeal to health-conscious consumers.

By Region

North America is expected to be a leading region in the cocoa seed extract market, with a projected market size of approximately USD 450 million by 2035, growing at a CAGR of 7.5% from 2025 to 2035. The region's increasing health consciousness and the demand for natural ingredients in food and cosmetic products are significant factors driving this growth. The presence of established manufacturers, along with robust distribution channels, further supports the penetration of cocoa seed extracts in North America. The trend towards plant-based diets and wellness supplements is expected to propel the market even further, with increasing interest in the benefits of cocoa extracts.

Europe is another prominent region in the cocoa seed extract market, estimated to reach around USD 400 million by 2035, driven primarily by the rising popularity of organic and health-focused products. With growing consumer awareness regarding the benefits of cocoa seed extracts, the market is witnessing increased demand from both the food and pharmaceutical sectors. The European cosmetic industry is also significantly contributing to the growth, as manufacturers seek to incorporate natural and effective ingredients into their formulations. The combination of these factors positions Europe as a pivotal region for the cocoa seed extract market, reinforcing its importance in the global landscape.

Opportunities

There are significant opportunities for growth in the cocoa seed extract market, particularly as consumer preferences continue to shift towards natural and organic products. With the rising trend of health-conscious living, manufacturers have the chance to innovate and create new formulations that cater to the evolving needs of consumers. The growing interest in plant-based diets presents a particularly lucrative opportunity, as cocoa seed extracts can seamlessly fit into this category. This demand for natural alternatives is opening doors for product diversification, allowing companies to explore niche markets within the cocoa extract space, such as functional foods, beverages, and supplements that target specific health benefits.

Additionally, the expansion of e-commerce platforms is reshaping the distribution landscape, providing opportunities for manufacturers to reach a broader audience. As consumers increasingly turn to online shopping for convenience and variety, establishing a strong online presence can enhance visibility and accessibility for cocoa seed extract products. Collaborations with health influencers and wellness platforms can further enhance brand recognition and consumer trust in cocoa seed extracts. Innovations in extraction technology and packaging can also provide unique selling propositions, enabling companies to differentiate themselves in a competitive market while capitalizing on the growing demand for health-focused products.

Threats

Despite the promising growth trajectory of the cocoa seed extract market, several threats could hinder progress. The volatility of raw material prices, particularly cocoa, poses a significant risk to manufacturers. Fluctuations in cocoa production due to climate change, disease, or supply chain disruptions can impact the availability and cost of cocoa seed extracts. Additionally, the lack of standardized regulations governing the production and labeling of cocoa extracts could lead to market inconsistencies, resulting in consumer distrust and reduced demand. Furthermore, the emergence of synthetic alternatives and substitutes could pose a threat to natural cocoa seed extracts, particularly if consumers perceive them as more effective or cost-efficient.

Another threat comes from the growing competition within the functional food and health supplement market, as numerous companies vie for market share. This intensified competition may lead to price wars and reduced profit margins for manufacturers. Furthermore, any potential negative publicity regarding cocoa products—such as concerns over sustainability, ethical sourcing, or health implications—could adversely affect brand reputation and consumer perception. As such, it is crucial for companies in the cocoa seed extract market to remain vigilant and adapt to changing market dynamics to navigate these threats successfully.

Competitor Outlook

• Barry Callebaut AG
• Givaudan SA
• Puratos Group
• Naturex SA
• Hershey's Chocolate & Confectionery
• ADM (Archer Daniels Midland Company)
• Mondelez International, Inc.
• Cargill, Incorporated
• Olam International Limited
• Symrise AG
• Frutarom Industries Ltd.
• Vanilla Food Company
• ChocolaTree
• SABIC
• Indena S.p.A.

The competitive landscape of the cocoa seed extract market is characterized by a mix of established players and emerging companies, all vying for a share of the growing market. Major players such as Barry Callebaut AG and Givaudan SA leverage their extensive experience and resources to innovate product offerings while maintaining high-quality standards. These companies are also focused on sustainability initiatives, ensuring that their sourcing practices meet consumer expectations regarding ethical and environmental concerns. Increased focus on R&D to develop new extraction methods and formulations is a common strategy employed by leading companies to enhance their market positioning and meet the diverse needs of consumers.

Emerging companies in the cocoa seed extract market are also making their mark by emphasizing unique selling propositions that cater to niche consumer segments. Many of these companies are focusing on organic and natural certifications, aligning their products with current health trends. The rise of online retail platforms is enabling these smaller players to reach a wider audience without significant investment in traditional retail channels. As the competition intensifies, brands that prioritize transparency, traceability, and sustainability will likely resonate more with consumers, thereby gaining competitive advantages in the rapidly evolving market landscape.

In addition to innovative product development and marketing strategies, collaboration and partnerships are becoming increasingly important in the cocoa seed extract market. Companies are forming strategic alliances with suppliers, research institutions, and other stakeholders to enhance their product offerings and expand their market reach. By pooling resources and expertise, these collaborations can drive advancements in extraction technologies, product formulations, and distribution methods. Companies that successfully navigate the competitive landscape through collaboration, innovation, and a consumer-centric approach will be well-positioned to thrive in the cocoa seed extract market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SABIC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Naturex SA
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Symrise AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 ChocolaTree
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Givaudan SA
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Indena S.p.A.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Puratos Group
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Barry Callebaut AG
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Vanilla Food Company
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Cargill, Incorporated
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Frutarom Industries Ltd.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Olam International Limited
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Mondelez International, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Hershey's Chocolate & Confectionery
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 ADM (Archer Daniels Midland Company)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Cocoa Seed Extract Sales Market, By Application
    • 6.1.1 Food and Beverages
    • 6.1.2 Pharmaceuticals
    • 6.1.3 Cosmetics
    • 6.1.4 Nutraceuticals
    • 6.1.5 Others
  • 6.2 Cocoa Seed Extract Sales Market, By Product Type
    • 6.2.1 Powder
    • 6.2.2 Liquid
    • 6.2.3 Capsules
    • 6.2.4 Tablets
    • 6.2.5 Extracts
  • 6.3 Cocoa Seed Extract Sales Market, By Ingredient Type
    • 6.3.1 Caffeine
    • 6.3.2 Theobromine
    • 6.3.3 Polyphenols
    • 6.3.4 Anandamide
    • 6.3.5 Others
  • 6.4 Cocoa Seed Extract Sales Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Supermarkets/Hypermarkets
    • 6.4.3 Specialty Stores
    • 6.4.4 Drug Stores
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Cocoa Seed Extract Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Cocoa Seed Extract Sales market is categorized based on

By Product Type

• Powder
• Liquid
• Capsules
• Tablets
• Extracts

By Application

• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Nutraceuticals
• Others

By Distribution Channel

• Online Stores
• Supermarkets/Hypermarkets
• Specialty Stores
• Drug Stores
• Others

By Ingredient Type

• Caffeine
• Theobromine
• Polyphenols
• Anandamide
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Barry Callebaut AG
• Givaudan SA
• Puratos Group
• Naturex SA
• Hershey's Chocolate & Confectionery
• ADM (Archer Daniels Midland Company)
• Mondelez International, Inc.
• Cargill, Incorporated
• Olam International Limited
• Symrise AG
• Frutarom Industries Ltd.
• Vanilla Food Company
• ChocolaTree
• SABIC
• Indena S.p.A.