Reportlinker.com

Reportlinker.com

March 18, 2008 19:40 ET

Learn About The Top 10 Flavor and Fragrance Companies

LONDON, UNITED KINGDOM--(Marketwire - March 18, 2008) -

Reportlinker.com announces that a new market research report related to the Fragrances industry is available in its catalogue.

The Top 10 Flavor and Fragrance Companies

The Top 10 Flavor and Fragrance Companies

Some key questions answered by this report...

- What are the key strategies of the leading flavor and fragrance companies and how do these strategies drive revenue and market share?

- What are the drivers and inhibitors in the flavor and fragrance industry?

- What is the market share of each of the global flavor and fragrance companies?

- Which regions offer the leading flavor and fragrance companies the greatest growth opportunities?

- How do the leading flavor and fragrance companies compare in terms of financial performance and coverage by country and category?

The Top 10 Flavor and Fragrance Companies

In 2006, the global flavor 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 Flavor 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 flavor 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 flavor and fragrance companies. Benchmark your performance against the leading flavor companies using market share and financial data in this new report.

Key findings from this report...

- In 2006, Sensient spent $26m on R&D. The majoirty of leading players spend about 10% of their annual turnover on R&D costs.

- The top 10 players account for 66% of total flavor and fragrance market share. Givaudan is the market leader with a market share of 13%, followed by International Flavors & Fragrances and Firmenich, with respective shares of 12% and 11% in 2006.

- Health and wellness is a core focus for flavor companies. In particular, the focus on natural flavors is driving NPD.

- Robertet is expanding it's presence in the US with the development of a 60,000sq feet dry blending site in early 2008. By the end of 2008, it also plans to open a 60,000sq feet addition to its existing site in New Jersey, enabling the company to increase liquid production activities.

Some key issues answered by this report...

- Consolidation. Consolidation is one of the major trends in the flavor and fragrance industry. Companies are acquiring both larger and smaller companies in order to gain market share. The acquisition of Quest is consistent with Givaudan's objective to be the leader in every strategic business area.

- Growth opportunities in Asia-Pacific. Increased spending power and changing eating habits of Asian consumers are driving the market and transforming the region's flavor and fragrance sector.

- Compliance with regulatory standards such as REACH (Registration, Evaluation, Authorization and Restrictions of Chemicals). These standards include the new EU regulatory framework which requires increased testing and documentation of each product's safety and environmental impact. In the US, there are new High Production Volume requirements.

This new report will enable you to...

- Benchmark the world's leading flavor and fragrance companies with this report's ranking of the top 10 companies, detailing their financial performance and future prospects.

- Identify and target future growth areas from this report's analysis of the acquisitions and divestments made by leading flavor and fragrance companies and their strategies for growth.

- Understand the key trends in the flavor and fragrance market and the impact that they are expected to have, using this report.

- Enhance your product development strategies with this report's analysis of the leading flavor and fragance companies' innovation and NPD strategies.

- Create more effective competitive strategies based on this report's SWOT analyses of the top flavor and fragrance companies.

Table of Contents

The Top 10 Flavor and Fragrance Companies - Executive Summary 14

Market development 14

Givaudan 15

International Flavors & 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 flavor and fragrance market 31

Consolidation of major players 31

Shifting base to low cost Chinese market 32

Developing innovative flavor combinations 32

Technology advances 33

Inhibitors of flavor 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 Flavors &

Fragrances 54

Summary 54

Introduction 54

History 55

Recent financial performance 57

Acquisitions and divestments 59

Market positioning 59

Fragrances 59

Flavors 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 flavors in savory 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

Flavors 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 Flavor 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

Flavor 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

Flavors 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 Center 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

Flavors and Fragrances 107

Color 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

Flavors 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 flavored 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 flavor facility in US 140

Threats 141

Consolidation 141

Chapter 12 Frutarom 144

Summary 144

Introduction 144

History 145

Recent financial performance 148

Acquisitions and divestments 150

Market positioning 151

Flavors 152

Fine Ingredients 152

Trade and Marketing 153

Strategies for growth 153

Focus on core businesses 153

Focus on superior customer service and product development 153

Expand market position in developed and emerging markets 154

Expand position in natural and healthy products 154

Focus on research and development 154

Enhance profitability 155

Innovation and NPD 155

SWOT analysis 156

Strengths 156

Established global company 156

Strong presence in emerging markets 157

Strong technological base and innovation 158

Weaknesses 158

Weak liquidity position 158

Litigations 158

Opportunities 159

Growth through strategic acquisitions 159

Threats 159

Compliance with environmental regulations 159

Increased competition in fine ingredients 160

Chapter 13 Other major flavor and fragrance companies 162

BASF Aktiegesellschaft 162

Company information 162

Market positioning and NPD 162

Evonik Degussa 163

Company information 163

Market positioning and NPD 163

Kao Corporation 164

Company information 164

Market positioning and NPD 164

Kerry Group 165

Company information 165

Market positioning and NPD 165

Lyondell Chemical Company 166

Company information 166

Market positioning and NPD 166

Ogawa & Co., Ltd 167

Company information 167

Market positioning and NPD 167

Polarome International Incorporated 168

Company information 168

Rhodia SA 169

Company information 169

Market positioning and NPD 169

Soda Aromatic Co, Ltd. 170

Company information 170

Market positioning and NPD 170

Zeon Corporation 171

Company information 171

Chapter 14 Conclusions 174

Summary 174

Introduction 174

Trends 175

Innovation and new product development 175

Growth in developing markets 176

Strategies for success 178

Inorganic growth 178

Expanding market position in emerging markets 179

Focus on R&D 180

Focus on core business 180

Outlook 181

Index 182

List of Figures

Figure 2.1: Turnover of flavor and fragrance divisions in the top 10 players, $m, 2006 29

Figure 3.2: Givaudan financial performance, CHFm, 2003-2006 41

Figure 3.3: Sales composition by division, 2006 41

Figure 3.4: Givaudan revenues, CHFm, 2006 42

Figure 3.5: Sales evolution by region, 2005-2006 45

Figure 3.6: Givaudan SWOT analysis 48

Figure 4.7: IFF financial performance, $m, 2003-2006 58

Figure 4.8: IFF R&D spend, 2006 61

Figure 4.9: IFF SWOT analysis 62

Figure 5.10: Firmenich SWOT analysis 75

Figure 6.11: Symrise financial performance, EUR m, 2005-2006 81

Figure 6.12: Symrise SWOT analysis 87

Figure 7.13: Takasago financial performance, yens m, 2003-2006 94

Figure 7.14: Takasago SWOT analysis 97

Figure 8.15: Sensient financial performance, $m, 2003-2006 105

Figure 8.16: Flavors and fragrances, revenue by product line 108

Figure 8.17: Color, revenue by product line 108

Figure 8.18: Sensient SWOT analysis 111

Figure 9.19: T.Hasegawa financial performance, yens m, 2004-2007 118

Figure 9.20: Flavors revenue by product line, 2006 120

Figure 9.21: T.Hasegawa SWOT analysis 121

Figure 10.22: Mane financial performance, EUR m, 2003-2005 128

Figure 10.23: Sales by business segment, 2006 128

Figure 10.24: Mane SWOT analysis 131

Figure 11.25: Robertet financial performance, EUR m, 2004-2006 136

Figure 11.26: Robertet SWOT analysis 139

Figure 12.27: Frutarom financial performance, $m, 2003-2006 148

Figure 12.28: Frutarom SWOT analysis 156

List of Tables

Table 2.1: Turnover of flavor and fragrance division in the top 10 players, $m, 2006 30

Table 3.2: Givaudan financial performance, CHFm, 2003-2006 40

Table 3.3: Givaudan geographical revenues, $m, 2003-2006 44

Table 4.4: IFF financial performance, $m, 2003-2006 57

Table 4.5: IFF business segment revenues, $m, 2004-2006 58

Table 4.6: IFF geographical revenues, $m, 2003-2006 59

Table 6.7: Symrise financial performance, EUR m, 2005-2006 81

Table 6.8: Symrise business segment revenues, EUR m, 2005-2006 82

Table 6.9: Symrise geographical revenues, EUR m, 2005-06 82

Table 7.10: Takasago financial performance, yens m, 2003-2006 94

Table 8.11: Sensient financial performance, $m, 2003-2006 105

Table 8.12: Sensient business segment revenues, $m, 2003-2006 106

Table 8.13: Sensient geographical revenues, $m, 2003-2006 107

Table 9.14: T.Hasegawa financial performance, yens m, 2004-2007 118

Table 9.15: T.Hasegawa business segment revenues, yens m, 2004-2007 119

Table 10.16: Mane financial performance, EUR m, 2003-2006 127

Table 11.17: Robertet financial performance, EUR m, 2004-2006 136

Table 11.18: Robertet business segment revenues, EUR m, 2005-2006 137

Table 11.19: Robertet geographical revenues, EUR m, 2005-2006 137

Table 12.20: Frutarom financial performance, $m, 2003-2006 148

Table 12.21: Frutarom geographical revenue distribution, $m, 149

Table 12.22: Frutarom business segment revenue distribution, $m, 2003-2006 150

To order this report:

The Top 10 Flavor and Fragrance Companies

More market research reports here

Contact Information