Bury St Edmunds Treatt sees 'significant' revenue growth as people choose healthier lifestyles
An ingredients manufacturer has seen an upturn in revenue thanks to a shift towards healthier living.
Treatt Plc, now based at Skyliner Way and Suffolk Park, Bury St Edmunds, anticipates revenue for the year 2021 to be around £124m, an increase of 14 percent compared with the previous year.
Revenue growth has been driven by product categories focused on healthier living, including tea, health and wellness (including sugar reduction) and fruit and vegetables, which grew by a combined 64 per cent.
Tea grew by 113 per cent and represents 11percent of group revenue. Health and wellness had strong year, growing by 29 per cent with the drive to reduce the calorific content in beverages, representing eight percent of revenue.
Passion fruit, watermelon, cucumber and mango natural extracts led the way in the fruit and vegetables category with growth this year at 60 percent
Reported revenue from the citrus category contributed 44 per cent of revenue and the group’s traditional range of herbs, spices and florals, represened nine percent of revenue.
The pre-pandemic market trends for natural products continues in both the alcoholic and non-alcoholic beverage sectors. The group continues to grow its presence in the alcoholic seltzer market.
In a major milestone for the group,Treatt has begun transitioning to its new state-of-the-art facility in Suffolk Park from its current base on Skyliner Way.
Many staff are now based at the new site and its is in the process of installing and commissioning plant and machinery which will transform our UK manufacturing capabilities to an advanced digital system.
It expects technical, and most of manufacturing capabilities to be fully up and running at the new facility by mid-2022, with the final transfer and upgrade to most complex manufacturing equipment due to be completed by mid-2023.
Daemmon Reeve, CEO of Treatt, said: “It has been a great year for Treatt, with some fantastic achievements across the Group, despite the backdrop of Covid-19.
“My thanks go to all of our colleagues for their tremendous endeavours and commitment."
“In an evolving consumer market, we continue to make great strides in products that facilitate healthier living and we have increasingly strong capabilities allowing us to innovate and partner more closely with our customers.
“We have much to look forward to as a group and continue to invest in our people and infrastructure to ensure we sharpen our focus on value-add solutions for our customers and can take advantage of the multiple opportunities we see for further success in the future.”