From roots to riches: How Kerala-based Synthite quietly became a $500 million global supplier of natural ingredients
Around 80% of Synthite’s revenue still comes from its extracts business, with five products—black pepper, paprika, capsicum, turmeric and ginger—accounting for 60%. While they provide scale, they have become increasingly commoditized. The rest of the portfolio, spanning products such as coffee extracts, vanilla, mustard essential oil, fragrance ingredients and natural colours, contributes a smaller share of revenue but punches above its weight when it comes to profits.
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