• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
The Top 10 Flavour and Fragrance Companies Product Image

The Top 10 Flavour and Fragrance Companies

  • Published: February 2008
  • Region: Global
  • 182 Pages
  • Scripp Business Insights

FEATURED COMPANIES

  • Firmenich
  • Frutarom
  • Givaudan
  • Mane
  • Robertet
  • Sensient Technologies
  • MORE

In 2006, the global flavour and fragrance market was worth $18bn - the top 10 players profiled in this report comprise 66% of the total market, and still the market continues to consolidate. Major players are acquiring companies to gain competitive advantage, expand and develop expertise and stay ahead in innovation. For example, Givaudan consolidated it’s leading position with the acquisition of Quest in 2007.

The Top 10 Flavour and Fragrance Companies is a new report published by Business Insights that analyzes the innovation and growth strategies of the top 10 players in the flavour and fragrance industry.

This report identifies the product areas that the top 10 players are seeking to develop and also highlights the respective markets where each individual company is looking to grow. It also examines the comparative strengths, weaknesses, opportunities and threats facing the world’s leading flavour and fragrance companies. Benchmark your performance against the leading flavour companies using market share and financial data in this new report.

Some key questions answered by this report...

-What are the key strategies of the leading flavour READ MORE >

Executive Summary 14

Market development 14
Givaudan 15
International Flavours & Fragrances 16
Firmenich 16
Symrise 17
Takasago International Corporation 17
Sensient Technologies Corporation 18
T.Hasegawa 19
Mane 19
Robertet 20
Frutarom 20
Conclusion 21

Chapter 1 Report introduction 24
Introduction 24
Methodology 25

Chapter 2 Market development 28
Summary 28
Introduction 28
Market size and growth 29
Drivers of flavour and fragrance market 31
Consolidation of major players 31
Shifting base to low cost Chinese market 32
Developing innovative flavour combinations 32
Technology advances 33
Inhibitors of flavour and fragrance market 34
Long term relationships 34
Research and development 34
Compliance with quality and regulatory standards 34
Investments in production in the field of fine ingredients 35
Future outlook 35

Chapter 3 Givaudan 38
Summary 38
Introduction 38
History 39
Recent financial performance 40
Acquisitions and divestments 43
Market positioning 44
Strategies for growth 45
Expanding Givaudan’s market position 45
Introduction of new products 45
Investments 46
Introduction of newly creative and innovative ideas 46
Movement towards health and wellness products 46
Innovation and NPD 47
SWOT analysis 48
Strengths 48
Market leadership 48
Diversified portfolio and innovation 49
Increased market share 49
Weaknesses 49
Customer concentration 49
Integration risks 49
Opportunities 50
Good growth in developing markets 50
Consolidation of big players 50
Strong growth in fine fragrances 50
Threats 51
High raw material prices 51
Rising competition 51
Regulation 51
General market risks 52

Chapter 4 International Flavours & Fragrances 54
Summary 54
Introduction 54
History 55
Recent financial performance 57
Acquisitions and divestments 59
Market positioning 59
Fragrances 59
Flavours 60
Strategies for growth 60
Focus on core business 60
Innovation 61
Innovation and NPD 61
SWOT analysis 62
Strengths 62
Strong market position 62
Strong focus on core business 63
Strong R&D activities 63
Weaknesses 63
Weak liquidity position 63
Opportunities 64
Rising demand for flavours in savoury and beverage applications 64
Rising demand in India and China 64
Threats 65
Compliance with regulations 65
Increases in raw material costs 65

Chapter 5 Firmenich 68
Summary 68
Introduction 68
History 69
Recent financial performance 70
Acquisitions and divestments 70
Market positioning 70
Perfume division 71
Flavours division 72
Ingredients division 72
Strategies for growth 72
Inorganic growth 72
Operational initiatives 73
Innovation and NPD 73
SWOT analysis 75
Strengths 75
Strong market position 75
Weaknesses 76
Ownership status 76
Opportunities 76
Acquisition of Danisco’s Flavour division 76
Threats 76
Competition 76

Chapter 6 Symrise 78
Summary 78
Introduction 78
History 79
Recent financial performance 80
Acquisitions and divestments 82
Market positioning 84
Flavour and Nutrition 84
Scent and Care 84
Strategies for growth 85
Inorganic growth 85
Expansion into new markets 85
Strategic alliances 85
Innovation and NPD 86
SWOT analysis 87
Strengths 88
Strong positioning in attractive markets 88
Weaknesses 88
Declining profitability 88
Opportunities 88
Acquisitions 88
Beverages as a growth market 89
Threats 89
Increasing raw material costs 89

Chapter 7 Takasago International
Corporation 92
Summary 92
Introduction 92
History 92
Recent financial performance 93
Market positioning 95
Flavours 95
Fragrances 95
Aroma chemicals 95
Fine chemicals 95
Strategies for growth 96
Reinforce its position 96
Global expansion 96
Innovation and NPD 97
SWOT analysis 97
Strengths 98
Presence in China 98
Strong financials 99
Weaknesses 99
Dependence on Japan and Western Europe 99
Opportunities 99
Expansion of facilities in key markets 99
Renovation of Shanghai Creation Centre 100
Threats 100
Matured domestic market for fragrances 100

Chapter 8 Sensient Technologies
Corporation 102
Summary 102
Introduction 102
History 103
Recent financial performance 105
Market positioning 107
Flavours and Fragrances 107
Colour 108
The Asia-Pacific group 109
Strategies for growth 109
Product expansion 109
Exploring new markets 110
Improved pricing and cost savings 110
Innovation and NPD 110
Sensient’s future 111
SWOT analysis 111
Strengths 111
Strong results 111
Diversified revenue line 112
Weaknesses 112
High dependence on the North American market 112
Opportunities 113
Growth of cosmetics in emerging markets 113
Stable global dairy market 113
Threats 114
Competition 114
Laws and regulations 114

Chapter 9 T.Hasegawa 116
Summary 116
Introduction 116
History 116
Recent financial performance 117
Market positioning 119
Flavours 119
Fragrances 120
Strategies for growth 120
Focus on core business 120
Expansion in global market 120
Integrating R&D system 121
SWOT analysis 121
Strengths 122
Strong market position 122
Weaknesses 122
Weak performance of the fragrance division 122
Opportunities 122
Expansion plans 122
Focus on China 123
Threats 123
Saturating domestic flavoured beverage market 123

Chapter 10 Mane 126
Summary 126
Introduction 126
History 126
Recent financial performance 127
Market positioning 129
Strategies for growth 129
International expansion 129
Movement towards organic and natural products 130
Innovations and NPD 130
SWOT analysis 131
Strengths 131
Strong revenue growth 131
Weaknesses 132
Low R&D expenditure 132
Opportunities 132
Relocation of production facility in Bangkok 132
Threats 132
Increasing raw material costs 132

Chapter 11 Robertet 134
Summary 134
Introduction 134
History 135
Recent financial performance 136
Acquisitions and divestments 137
Market positioning 138
Strategies for growth 138
Expansion in US 138
Inorganic growth 138
Innovation and NPD 139
SWOT analysis 139
Strengths 140
Geographically diversified operations 140
Weaknesses 140
Weak profitability 140
Opportunities 140
Expansion of flavour facility in US 140
Threats 141
Consolidation 141

Chapter 12 Frutarom 144

Givaudan
International Flavours & Fragrances
Firmenich
Symrise
Takasago International
Sensient Technologies
T.Hasegawa
Mane
Robertet
Frutarom

Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos