Benicaros stimulates beneficial gut bacteria, resulting in immune health benefits at extremely low dosage. It is water-soluble with minimal effect on taste, texture or odor. This makes it versatile for use in functional foods, beverages, and dietary supplements.

Additionally, Benicaros addresses multiple consumer demands by being plant-based, clean-label, kosher, halal, gluten-free, upcycled and sustainable.

"The benefits list of Benicaros is quite long, and the fact that it comes from upcycling carrot juice production, supporting sustainability and a circular-economy, is all the more exciting," Yates added.

The acquisition is an asset deal that includes full ownership of all intellectual property, trademarks, human clinical trials, and know-how related to manufacturing the product.