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Chr. Hansen Natural Colors acquired Secna Natural Ingredients for an undisclosed amount. Secna is a Spain-based company that makes red, purple and caramel colors from anthocyanins in grapes, black carrots, cabbage and beets.
This is the first deal for the company since Chr. Hansen sold its colors division to private equity firm EQT for 800 million euros ($940 million) in October.
Food manufacturers are increasingly searching for natural colors as consumers show a growing preference for clean label products without synthetic ingredients. Despite the challenges food manufacturers face using plant-based alternatives, the natural food color market could reach an estimated $1.77 billion this year, according to Zion Market Research.