Top 5 Flavors and Fragrances Companies in the World 2018

In 2017, flavors and fragrances companies from around the world understood the inevitability of advanced R&D. In 2018, this and the launch of multifunctional flavors and fragrances products in developed as well as developing countries will do the trick. Leading the innovation will be these top 5 flavors and fragrances companies in the global market. The global flavors and fragrances chemicals market is expected to register a CAGR of close to 5% during the period 2018-2022, according to the latest market research report by Technavio. To know more about the performing companies and in-depth analysis look for the free sample report.

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1.    Firmenich | HQ: Geneva, Switzerland:

A leader in the global flavors and fragrances market, Firmenich employs over 7,000 people across 63 facilities. The company has a knack strategic acquisitions, including the purchase of the flavors division of Danisco, Agilex Fragrances to target mid-sized customers in North America and Flavourome, a South African the company that has helped Firmenich consolidate its presence in Africa. The company expertise in a range of popular flavors and is a world leader in perfumery.

2.    Givaudan | HQ: Vernier, Switzerland

Specializing in the production of scents and flavors for the food and beverages market, household goods, grooming, and personal care products, and for perfumes, Givaudanchalked out revenue of CHF 5.1 billion in the 2017-18 fiscal year. This renders it one of the largest flavors and fragrances companies in the world. Givaudan’s ‘Innovative Naturals program’ enables the company to affect sustainable agricultural practices by collaborating with the growers directly.

3.    International Flavors & Fragrances | HQ: New York, USA

One of the world’s leading flavors and fragrances companies, International Flavors & Fragrances has manufacturing facilities in 35 countries and raked in a net income of USD 296 million at the end of 2017. The company is a lead player when it comes to R&D, technologies, acquisitions and strategic collaborations in the global flavors and fragrances market. Recently, on May 8, 2018, International Flavors & Fragrances acquired Frutarom– itself a major flavors and fragrances brand- for a whopping USD 7.1 billion.

4.    Symrise | HQ: Holzminden, Germany

A major producer of flavors and fragrances, Symrise raked in sales in excess of €2.903 billion at the end of 2016. The company is a premier member of the European Flavor Association and sports an extensive portfolio are inclusive of nutritional additives, perfumery, scents, and personal care products. Symrise is a major player in the multifunctional flavors and fragrances market, with Hydrolite® being the signature product that was originally launched 25 years ago. Recently, Symrise launched a nature-derived variant of Hydrolite® as well.

5.    Takasago International Corporation | HQ: Tokyo, Japan

Takasago International Corporation has a presence in 24 countries across the globe and sports an extensive portfolio comprising of flavors, fragrances, fine chemicals, and aroma ingredients. Thereby, Takasago has established tight working relationships with some of the world’s leading manufacturers of food and beverages, perfumes, and personal care products. The company’s signature ‘asymmetric synthesis’ technology has helped it manufacture unique, nature-identical aroma ingredients that have firmly established Takasago amongst the most profitable flavors and fragrances companies in the world.