Report: A COMPETITIVE SURVEY OF FLAVOR AND FRAGRANCE MARKETS TOC

TABLE OF CONTENTS

INTRODUCTION

Scope of the Report i
Definitions and Terms ii
Sources ii
Statistical Methodology iii

CHAPTER I EXECUTIVE SUMMARY

Overview 1
Historical Review 3
Long-Term Outlook 5

CHAPTER II MARKET ENVIRONMENT

Overview 10
Economic Environment 11
Demographic Trends 13
Flavor End-Use Markets 17
Nutraceuticals 20
Sweeteners 26
Meatless Meals 26
Vegetables and Grains 27
Spices 28
Fragrance End-Use Markets 28
Technology and Innovation 34
Encapsulation 35
Liposomes 36
Spray Drying 36
Supercritical Fluid Extraction 37
Spinning Cone Column 37
Biotechnology 38
Packaging 41
Modified Atmosphere Packaging 43
Retort Packaging 43
Aseptic Packaging 44
Interactive Packaging 45
Microwave Cooking 47
Processing Technology 47
Legislative and Regulatory Environment 49
Food Additives 49
Warning Labels 53
Dietary Supplements 53
Meat and Poultry Products 56
Legislative and Regulatory Environment (cont' d.)
Food Safety 56
Cosmetics 57
International Trade 59

CHAPTER III ESSENTIAL OILS

Overview 64
Extraction Methods 66
Steam Distillation 66
Expression 67
Solvent Extraction 67
Supercritical Fluid Extraction 69
U.S. Essential Oil Production 70
Citrus Oils 71
Mint Oils 72
Other Oils 74
The Market for Essential Oils 76
Consumption, by End-Use 78
Imports 81
Exports 87
Market Competition 93

CHAPTER IV AROMA CHEMICALS

Overview 95
Terpenes 97
Benzyl Alcohol 99
Musk Chemicals 99
U.S. Aroma Chemical Production 100
The Market for Aroma Chemicals 102
Consumption, by End-Use 104
Imports 107
Exports 109

CHAPTER V FLAVOR BLENDS AND COMPOUNDS

Overview 111
U.S. Flavor Blend and Compound Production 113
The Market for Flavor Blends and Compounds 115
Natural vs. Synthetic 116
Imports 119
Exports 120

CHAPTER VI OTHER FLAVOR MATERIALS

Overview 122
Acidulants 125
Citric Acid 126
Phosphoric Acid 127
Malic Acid 128
Fumaric Acid 128
Lactic Acid 129
Other Acidulants 129
The Market for Acidulants 130
Manufacturers of Acidulants 132
Flavor Enhancers 133
Monosodium Glutamate 134
Hydrolyzed Proteins 136
Yeast Extracts 137
Nucleotides 137
Other Flavor Enhancers 139
The Market for Flavor Enhancers 139
Manufacturers of Flavor Enhancers 141
Spices 142
Traditional Spices Derived from Tropical Plants 144
Spices Derived from Herbs 147
Spices Derived from Seeds 147
Dehydrated Vegetables 150
The Market for Spices 151
Spice Oleoresins 155
The Market for Spice Oleoresins 157
Manufacturers of Spices 159
Non-Nutritive Sweeteners 159
Saccharin and Cyclamate 161
Aspartame 165
Acesulfame K 168
Sucralose 170
Alitame 171
Neotame 172
The Market for Non-Nutritive Sweeteners 173
Manufacturers of Non-Nutritive Sweeteners 176
Competitive Issues 177

CHAPTER VII FRAGRANCE BLENDS AND COMPOUNDS

Overview 180
The Market for Fragrance Blends and Compounds 181
Shipments 182
Consumption 183
Imports 186
Exports 187

CHAPTER VIII INDUSTRY STRUCTURE

Overview 190
Research and Development 191
Manufacturing 198
Marketing 199
Distribution 202
Industry Activity 203
International Activity 207
Company Profiles 209
Ajinomoto Co., Inc. 210
A.M. Todd Group 212
Archer Daniels Midland Company 213
Ashland Inc. 215
BASF AG 217
Bayer AG 218
Bell Flavors & Fragrances, Inc 221
Burns, Philp & Company Limited 222
Celanese AG 224
Chr. Hansen Group 226
Croda International Plc 227
Danisco A/S 229
Degussa AG 231
Dragoco Gerberding & Co. AG 233
DSM N.V. 234
Elementis plc 236
Firmenich SA 238
Givaudan SA 239
Griffith Laboratories 240
Hauser, Inc. 241
Imperial Chemical Industries PLC 242
International Flavors & Fragrances Inc. 243
Johnson & Johnson 246
McCormick & Company, Inc 247
Merisant Company 249
Millennium Chemicals Inc. 251
The NutraSweet Company 252
Rhodia SA 254
Sensient Technologies Corporation 255
T. Hasegawa Co., Ltd. 257
Takasago International Corporation 258
Takeda Chemical Industries, Ltd. 259
Tate & Lyle PLC 261
Technology Flavors & Fragrances, Inc. 262
Ungerer & Company 264
Virginia Dare Extract Co., Inc 265
The Wild Group 265

CHAPTER IX FLAVOR END-USE MARKETS

Overview 267
Processed Meat, Poultry, and Seafood 275
Flavor Materials Consumption in Processed Meat, Poultry, and Seafood 276
Dairy Products 279
Flavor Materials Consumption in Dairy Products 280
Baked Goods 284
Flavor Materials Consumption in Baked Goods 285
Soft Drinks 289
Flavor Materials Consumption in Soft Drinks 292
Processed Fruits and Vegetables 299
Flavor Materials Consumption in Processed Fruits and Vegetables 300
Cereals and Grains 304
Flavor Materials Consumption in Cereals and Grains 305
Alcoholic Beverages 308
Flavor Materials Consumption in Alcoholic Beverages 310
Sauces, Dressings, and Oils 312
Flavor Materials Consumption in Sauces, Dressings, and Oils 313
Other Processed Foods 317
Flavor Materials Consumption in Other Processed Foods 318

CHAPTER X FRAGRANCE END-USE MARKETS

Overview 334
Toilet Preparations 338
Fragrance Materials Consumption in Toilet Preparations 341
Soaps and Detergents 344
Fragrance Materials Consumption in Soaps and Detergents 348
Polishes and Cleaners 351
Fragrance Materials Consumption in Polishes and Cleaners 353

LIST OF TABLES

Table I-1 Flavor and Fragrance Shipments 6
Table I-2 Flavor and Fragrance Consumption 7
Table I-3 Flavor Materials Consumption, by End-Use 8
Table I-4 Fragrance Materials Consumption, by End-Use 9
Table II-1 Economic Environment 12
Table II-2 U.S. Demographic Trends 15
Table II-3 U.S. Population Distribution, by Age Group 16
Table II-4 Flavor and Fragrance End-Use Industry Analysis 33
Table II-5 Value of U.S. Exports of Flavor and Fragrance Materials, by Type 61
Table II-6 Value of U.S. Imports of Flavor and Fragrance Materials, by Type 62
Table III-1 Essential Oil Families/Representative Oils 66
Table III-2 U.S. Essential Oil Shipments, by Type 75
Table III-3 U.S. Essential Oil Consumption: Value 77
Table III-4 U.S. Essential Oil Consumption: Volume 78
Table III-5 U.S. Essential Oil End-Use Markets: Value 79
Table III-6 U.S. Essential Oil End-Use Markets: Volume 80
Table III-7 U.S. Essential Oil Imports, by Type: Value 83
Table III-8 U.S. Essential Oil Imports, by Type: Volume 84
Table III-9 U.S. Essential Oil Imports, by Type: Average Prices 85
Table III-10 Top Ten U.S. Import Sources for Essential Oils: Value 86
Table III-11 Top Ten U.S. Import Sources for Essential Oils: Volume 87
Table III-12 U.S. Essential Oil Exports, by Type: Value 89
Table III-13 U.S. Essential Oil Exports, by Type: Volume 90
Table III-14 U.S. Essential Oil Exports, by Type: Average Prices 91
Table III-15 Top Ten U.S. Export Destinations for Essential Oils: Value 92
Table III-16 Top Ten U.S. Export Destinations for Essential Oils: Volume 93
Table IV-1 Types of Aroma Chemicals 100
Table IV-2 U.S. Aroma Chemical Shipments 102
Table IV-3 U.S. Aroma Chemical Consumption: Value 103
Table IV-4 U.S. Aroma Chemical Consumption: Volume 104
Table IV-5 U.S. Aroma Chemical End-Use Markets: Value 106
Table IV-6 U.S. Aroma Chemical End-Use Markets: Volume 107
Table IV-7 U.S. Aroma Chemical Imports 108
Table IV-8 U.S. Aroma Chemical Exports 110
Table V-1 U.S. Flavor Blend and Compound Shipments 114
Table V-2 U.S. Flavor Blend and Compound Consumption: Value 115
Table V-3 U.S. Flavor Blend and Compound Consumption: Volume 116
Table V-4 U.S. Shipments of Flavor Blends and Compounds, Natural vs. Synthetic 118
Table V-5 U.S. Flavor Blend and Compound Imports 120
Table V-6 U.S. Flavor Blend and Compound Exports 121
Table VI-1 Other Flavor Materials Consumption, by Type 124
Table VI-2 U.S. Acidulant Consumption, by Type 131
Table VI-3 U.S. Flavor Enhancer Consumption, by Type 140
Table VI-4 U.S. Spice Consumption 154
Table VI-5 U.S. Spice Oleoresin Consumption 157
Table VI-6 U.S. Spice Oleoresin Imports, by Type 158
Table VI-7 U.S. Non-Nutritive Sweetener Consumption, by Type 175
Table VII-1 U.S. Fragrance Blend and Compound Shipments 182
Table VII-2 U.S. Fragrance Blend and Compound Consumption: Value 184
Table VII-3 U.S. Fragrance Blend and Compound Consumption: Volume 185
Table VII-4 U.S. Fragrance Blend and Compound Consumption and Pricing 185
Table VII-5 U.S. Fragrance Blend and Compound Imports 186
Table VII-6 U.S. Fragrance Blend and Compound Exports 188
Table VIII-1 Top Ten Flavor and Fragrance Companies Worldwide 191
Table IX-1 Processed Food Shipments, by Type 269
Table IX-2 Consumption of Flavor Materials, by Type 271
Table IX-3 Flavor Materials Consumption, by End-Use 273
Table IX-4 Processed Meat, Poultry, and Seafood: Flavor Materials Consumption, by Type 278
Table IX-5 Dairy Products: Flavor Materials Consumption, by Type 283
Table IX-6 Baked Goods: Flavor Materials Consumption, by Type 288
Table IX-7 Soft Drinks: Flavor Materials Consumption, by Type 298
Table IX-8 Processed Fruits and Vegetables: Flavor Materials Consumption, by Type 303
Table IX-9 Cereals and Grains: Flavor Materials Consumption, by Type 307
Table IX-10 Alcoholic Beverages: Flavor Materials Consumption, by Type 311
Table IX-11 Sauces, Dressings, and Oils: Flavor Materials Consumption, by Type 316
Table IX-12 Other Processed Foods: Flavor Materials Consumption, by Type 320
Table IX-13 Flavoring Agents Consumption, by End-Use: Value 322
Table IX-14 Acidulant Consumption, by End-Use: Value 324
Table IX-15 Non-Nutritive Sweetener Consumption, by End-Use: Value 326
Table IX-16 Flavoring Agents Consumption, by End-Use: Volume 328
Table IX-17 Acidulant Consumption, by End-Use: Volume 330
Table IX-18 Non-Nutritive Sweetener Consumption, by End-Use: Volume 332
Table X-1 Shipments of Soaps, Cleaners, and Toilet Goods 335
Table X-2 Consumption of Fragrance Materials, by Type 336
Table X-3 Fragrance Materials Consumption, by End-Use 337
Table X-4 Consumption of Fragrance Materials in Toilet Preparations 344
Table X-5 Consumption of Fragrance Materials in Soaps and Detergents 351
Table X-6 Consumption of Fragrance Materials in Polishes and Cleaners 354