The company will now harvest record volumes of tomato annually for its color and health ingredient portfolio following a three-year multi-million-dollar investment in new lines, equipment and process and supply optimization strategies.
Lycored’s color formulation capabilities will be a central part of the expansion driven by its new formulation facility in Branchburg, New Jersey. The new plant will increase the company’s current color formulation capacity, reducing carbon footprint, and support expansion and supply into additional markets in Asia and the Middle East.
Rony Patishi-Chilim, CEO at Lycored said: “The expansion of our lycopene production follows a period of strategic equipment investments and improvements in tomato usage during key harvest periods.
“These changes ensure that we have the expertise and the capacity to meet the needs of our customers across the food, beverage and health ingredient industries looking for natural color, active health ingredients and taste-enhancing solutions.”
Lycored also plans further expansion to its seasonal capacity through working with a third party in the Southern hemisphere to provide higher product availability at different times of the year.
Rony added: “The demand for natural color ingredients is higher than ever and continues to grow as clean label, traceable, vertically integrated pigments that are plant-based grow in popularity, alongside the plant-based movement towards a more sustainable future.
“As manufactures and developers look to capitalize on this trend, we are ready with our portfolio to support their projects. Our new Branchburg facility will also be the location for an application laboratory to support color application and proof stability initiatives.”
Lycored’s growing capacity will harvest opportunities in color applications across a multitude of buoyant and emerging food segments including vegan products and functional beverages.