This will strengthen Seppic’s position in the nutricosmetics market, further expanding its capacity to assist customers in the development of beauty supplements, as it has for the past decade. Likewise, it strengthens Seppic’s expertise and know-how in botanical extraction and its position as a supplier of high quality ingredients for the beauty market. Additionally, through the transfer of expertise and EPI’s internal production tools, Seppic will oversee the entire process of research, development, and industrialization, from the extraction of raw materials to the active ingredients.
According to Seppic’s estimates, the nutricosmetics market represents $6-7 billion on a global scale, with a CAGR between 8% and 10%. Trends in holistic beauty are creating a strong consumer demand for food supplements formulated for cosmetic benefits which are natural, effective, and of high quality.
“This acquisition opens up new growth opportunities for Seppic in the cosmetics and dietary supplements markets. We are very pleased to welcome EPI France teams to Seppic. Our long-standing relationship and the values of expertise, quality, and customer care that we share with EPI France will allow us to quickly realize synergies for the development and marketing of new ingredients,” Jean Baptiste Dellon, CEO of Seppic, said.
Mike Montemarano has been the Associate Editor of Nutraceuticals World since February 2020. He can be reached at email@example.com.