Synthite
Synthite Industries is a privately held Kerala-based specialty ingredients company that manufactures and exports spice oleoresins, botanical extracts, flavors, fragrances, and nutraceutical ingredients to global food, beverage, wellness, and personal-care brands across 90+ countries via 8 manufacturing facilities.
- Company typePrivate
- Founded1970
- HeadquartersErnakulam, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Synthite firmographics
Firmographics- Name
- Synthite
- Legal name
- Synthite Industries Ltd.
- Website
- https://synthite.com
- Company type
- Private
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Synthite Industries is a privately held Kerala-based specialty ingredients company that manufactures and exports spice oleoresins, botanical extracts, flavors, fragrances, and nutraceutical ingredients to global food, beverage, wellness, and personal-care brands across 90+ countries via 8 manufacturing facilities.
- Ownership category
- akta.pro rank
Synthite industry classification
Industry- Product category
- Spice Oleoresins and Botanical Extracts
- NAICS
- Spice and Extract Manufacturing (311942), Flavoring Syrup and Concentrate Manufacturing (31193), Medicinal and Botanical Manufacturing (325411)
- SIC
- Miscellaneous Chemical Products (2890), Medicinal Chemicals & Botanical Products (2833)
- akta.pro primary industry
- Pesto, Cooking Pastes & Concentrated Flavor Bases Manufacturing (AFAKADAN)
- akta.pro secondary industries
- Organic & Natural Foods Import/Export & Global Trading (AFAIAJAK), Concentrate/Syrup & Flavor Base Contract Manufacturing (AFAFAIAI)
Keywords
Where Synthite is headquartered
LocationHeadquarters
- HQ city
- Ernakulam
- HQ country
- India
- HQ region
- Asia
Offices6 records
Markets served
Synthite business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Spice Oleoresins: Core product line of value-added spice extracts including chilli, turmeric, and pepper oleoresins. This represents the company's historical foundation and primary revenue driver.
- Functional Food Ingredients: Customized food solutions, flavors, and seasonings for global F&B brands through SYMEGA brand
- Fragrance, Flavor, Pigments & Botanical Extracts: Natural extracts serving cosmetics, personal care, and food industries
- Nutraceuticals (NatXtra Brand): Health and wellness supplements including diabetic supplements and gummy supplements. The NatXtra vertical has grown to ₹70 crore and is a market leader in the diabetic supplement segment.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Synthite product offering
Product offeringCore offering
Synthite manufactures and exports value-added spice oleoresins, essential oils, functional food ingredients, fragrance and flavor compounds, pigments, and botanical extracts. The company operates 8 manufacturing facilities globally and supplies customized ingredient solutions to food, beverage, wellness, and personal care industries in 90+ countries, with exports accounting for 60-70% of revenue.
Product overview
Synthite offers a diversified portfolio of natural ingredient solutions organized across multiple sub-brands and product lines. The core offerings include spice oleoresins, functional food, fragrance and flavor ingredients, and pigments/botanical extracts. Key sub-brands include SYMEGA (customized food solutions and seasonings), Intergrow (ingredient solutions), Herbal Isolates (herbal compounds), and NatXtra (nutraceuticals and food supplements targeting diabetic and health-conscious consumers). The company operates as a unified platform delivering customized ingredient solutions rather than a single monolithic product, with each brand serving distinct market segments from food manufacturers to nutraceutical consumers.
Differentiator
Problem solved
Functional benefit
Products and services
- Spice Oleoresins
- Functional Food Ingredients
- Fragrance and Flavor Compounds
- Pigments and Botanical Extracts
- SYMEGA (Customized Food Solutions)
- NatXtra Nutraceuticals
- Herbal Isolates
- Intergrow Ingredient Solutions
Quantifiable outcome
- Group turnover grew from Rs 3 crore to approximately Rs 1,700 crore
- +1 more outcomes
Companies that use Synthite
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Synthite technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Synthite partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights6 records
Synthite competitors and assessment
Company assessmentBroad incumbents
- McCormick & Company: McCormick & Company is a global leader in spices, seasonings, and flavor solutions serving food manufacturers and consumers. Comparable to Synthite as a value-added spice/ingredient platform with strong B2B customer overlap in F&B.
- DSM-Firmenich: DSM-Firmenich combines nutritional ingredients with flavor and fragrance capabilities through precision fermentation and natural sourcing. Comparable to Synthite as it pushes into biotech-enabled natural ingredients and nutraceuticals.
- Symrise: Symrise is a leading global supplier of flavors, fragrances, and natural nutrition ingredients. Comparable to Synthite in the food, beverage, and personal care extract markets with overlapping natural-ingredient positioning.
- International Flavors & Fragrances (IFF): IFF is a major global ingredients company producing flavors, fragrances, and food ingredients for F&B and personal care customers. Directly comparable to Synthite's extract and flavor solution portfolio at global enterprise scale.
- Mane: Mane is a privately held global flavors and fragrances house with strong natural ingredient capabilities. Comparable to Synthite as a competing privately held player in flavors, fragrances, and botanical extracts.
- Givaudan: Givaudan is the world's largest flavors and fragrances company with extensive natural ingredient capabilities serving F&B, personal care, and nutraceutical customers. Highly comparable business model to Synthite's fragrance, flavor, and botanical extract business.
Direct peers
- Kancor Ingredients: Kancor Ingredients is an India-based manufacturer of spice oleoresins, natural colors, and essential oils for global F&B customers. One of the closest direct competitors to Synthite in oleoresin and extract manufacturing.
- Vidya Herbs: Vidya Herbs is an India-based producer of herbal extracts and nutraceutical ingredients serving global supplements and food customers. Closely comparable to Synthite's Herbal Isolates and NatXtra verticals.
- Plant Lipids: Plant Lipids is an India-based manufacturer of spice oleoresins, essential oils, and natural food ingredients. Directly comparable to Synthite in product offering, geography, and customer base across global F&B buyers.
- Robertet: Robertet is a French-headquartered specialist in natural raw materials, flavors, and fragrances with deep expertise in botanical extraction. Closely comparable to Synthite given its emphasis on natural ingredients and similar B2B customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Synthite social profiles
Digital presenceSynthite financial estimates
Financial estimateRevenue estimate
Valuation estimate
Synthite leadership team
Management profileNumber of profiles
Profiles4 records
Synthite subsidiaries and ownership
Company hierarchySubsidiaries6 records
Synthite funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Synthite M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Synthite
What does Synthite do?
Synthite manufactures and exports value-added spice oleoresins, essential oils, functional food ingredients, fragrance and flavor compounds, pigments, and botanical extracts. The company operates 8 manufacturing facilities globally and supplies customized ingredient solutions to food, beverage, wellness, and personal care industries in 90+ countries, with exports accounting for 60-70% of revenue.
Is Synthite a public or private company?
Synthite is a private company. It is classified as family owned and is currently operating.
When was Synthite founded?
Synthite was founded in 1970. It employs 1,001 to 5,000 people.
Where is Synthite based?
Synthite is headquartered in Ernakulam, India, in the Asia region.
How does Synthite make money?
Four revenue lines are on record. Spice Oleoresins are the primary driver. The others are functional Food Ingredients, fragrance, Flavor, Pigments & Botanical Extracts and nutraceuticals (NatXtra Brand).
Who are Synthite's main competitors?
Broad incumbents on record are McCormick & Company, DSM-Firmenich, Symrise, International Flavors & Fragrances (IFF), Mane and Givaudan. Direct peers are Kancor Ingredients, Vidya Herbs, Plant Lipids and Robertet.
Does Synthite have an API?
No public API is recorded for Synthite.
What industry is Synthite in?
Synthite's product category is Spice Oleoresins and Botanical Extracts. Its primary akta.pro industry code is AFAKADAN, Pesto, Cooking Pastes & Concentrated Flavor Bases Manufacturing, with a secondary code of AFAIAJAK, Organic & Natural Foods Import/Export & Global Trading. Its NAICS code is 311942 and its SIC code is 2890.