Symrise invests in biotech firm Bond Pet Foods in push for sustainable proteins
The German player wants to strengthen pet food supply chain resilience and unlock new growth opportunities.
Symrise has made a strategic equity investment in Bond Pet Foods, a Colorado-based biotech company specializing in precision fermentation to produce animal-identical proteins.
The partnership will strengthen Symrise’s pet food portfolio under its Taste, Nutrition & Health segment, while supporting its broader ambition to develop sustainable, biotech- enabled ingredients.
“By combining Bond’s fermentation capabilities with Symrise’s application expertise and market insight, we can deliver high-performance nutrition solutions and create new growth opportunities for our customers,” says Diego Maurizio, General Manager, Palatability & Nutrition Business Line at Symrise.
Bond Pet Foods, headquartered in Boulder, supplies its ingredients to manufacturers for use in food, treat and supplement applications. Founded in 2017, Bond has raised a total of $20 million (€18.4M), including a $17.5 million (€16.1M) Series A round and $2.5 million (€2.3M) in seed funding.
Addressing the challenges
The German player will leverage Bond Pet Foods’ technology to help address key industry challenges, including supply chain continuity and growing consumer demand for sustainable products that diversify pet food ingredient sources.
“With this, we aim to effectively support long-term resilience, portfolio diversification and a stronger innovation pipeline,” says Walter Ribeiro, President of Taste, Nutrition & Health at Symrise.
“By helping our customers develop more sustainable pet food formulations, the collaboration reinforces Symrise’s sustainability commitments and consumer-driven innovation strategy.”
State of the business
In fiscal year (FY) 2025, Symrise’s Taste, Nutrition & Health segment, which includes its pet food division, generated €3 billion ($3.3B) in revenue, down 2% year-over-year (YoY).
According to the company, the decline was due to portfolio changes and exchange rate effects, resulting in a total negative impact of €142.2 million ($156.4M).
This includes the divestment of its aqua feed business in early 2025 and the 51% divestment of its UK beverage trading business in March 2024.
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