Kerry Group now will focus on flavors and nutrition.

The transaction forms part of the merger approval process of Novozymes and Chr. Hansen.

According to Kerry, the roots-and-origins trend refers to a resurgence in traditional cooking practices and recipes as consumers place more importance on tradition and provenance.

The portfolio serves dairy, ice cream, bakery, cereal and confectionery markets in Europe and the US.

Among people surveyed, 62% said cheese flavors make savory snacks more exciting.

The deal is expected to close in the latter half of 2022, following regulatory review and approval.