The Top 10 Flavor and Fragrance Companies: Emerging opportunities, growth strategies and financial performance

Table of Contents

Executive summary

• Industry overview
• Givaudan
• Firmenich
• International Flavors & Fragrances (IFF)
• Symrise
• Takasago
• Sensient
• Mane
• Frutarom
• Robertet
• T.Hasegawa

Chapter 1 Introduction

• What is the report about?
• Methodology

Chapter 2 Industry overview

• Summary
• Introduction
• Market dynamics
• Global flavor and fragrance market size
• Drivers and resistors
• Competitive landscape
• Competitive positioning of the top 10 flavor and fragrance companies
• Trends
• Expansion into emerging markets
• The pace of consolidation will gain momentum
• Shift towards natural flavor and fragrance

Chapter 3 Givaudan

• Summary
• Company overview
• Recent financial performance
• Performance by business segments
• Growth strategies
• Expansion in emerging markets
• Strengthening R&D to attain competitive advantage
• Investing in in-house R&D to drive growth in the long term
• Alliances fostering development of new ingredients
• Acquisitions and divestments
• SWOT analysis

Chapter 4 Firmenich

• Summary
• Company overview
• Recent financial performance
• Performance by business segments
• Growth strategies
• Expanding production capabilities
• Strengthening R&D to drive growth through development of new ingredients
• Acquisitions and divestments
• SWOT analysis

Chapter 5 IFF

• Summary
• Company overview
• Recent financial performance
• Performance by business segments
• Growth strategies
• Improving margins through cost reduction
• Strengthening foothold in emerging markets
• Acquisitions and divestments
• SWOT analysis

Chapter 6 Symrise

• Summary
• Company overview
• Recent financial performance
• Performance by business segments
• Growth strategies
• Investing in R&D to drive growth in the long term
• Fortifying growth in potential sectors through partnerships and alliances
• Investing in emerging markets to accelerate growth
• Acquisitions and divestments
• SWOT analysis

Chapter 7 Takasago

• Summary
• Company overview
• Recent financial performance
• Performance by business segments
• Growth strategies
• Strengthening R&D to deliver new flavors
• Acquisitions and divestments
• SWOT analysis

Chapter 8 Sensient

• Summary
• Company overview
• Recent financial performance
• Performance by business segments
• Growth strategies
• Strengthen distribution network in and commercial presence in emerging
• markets
• Improving margins through debt reduction
• Acquisitions and divestments
• SWOT analysis

Chapter 9 Mane

• Summary
• Company overview
• Recent financial performance
• Performance by business segments
• Growth strategies
• Expanding in international markets to accelerate growth
• Acquisitions and divestments
• SWOT analysis

Chapter 10 Frutarom

• Summary
• Company overview
• Recent financial performance
• Performance by business segments
• Growth strategies
• Expanding investments in R&D to drive long term growth
• Acquisitions and divestments
• SWOT analysis

Chapter 11 Robertet

• Summary
• Company overview
• Recent financial performance
• Performance by business segments
• Growth strategies
• Investing in capacity expansion and emerging markets to accelerate its sales
• growth
• Acquisitions and divestments
• SWOT analysis

Chapter 12 T.Hasegawa

• Summary
• Company overview
• Recent financial performance
• Performance by business segments
• Growth strategies
• Penetrate new and under-represented sectors in Japan to drive growth
• Investing in facility expansion outside Japan
• Acquisitions and divestments
• SWOT analysis

Chapter 13 Other major players

• Soda Aromatic
• Company overview
• Recent financial performance
• Ogawa
• Company overview
• Recent financial performance
• Agilex Flavors and Fragrances (Agilex)
• Company overview
• Cargill Flavor Systems
• Company overview
• Recent financial performance
• Bell Flavors and Fragrances
• Company overview
• Huabao International (Huabao)
• Company overview
• Recent financial performance
• Etol
• Company overview
• Recent financial performance
• Mastertaste
• Company overview
• China Flavors and Fragrances (CFF)
• Company overview
• Recent financial performance
• Wanxiang International (Wanxiang)
• Company overview
• Recent financial performance

Chapter 14 Appendix

• Glossary
• Index

List of Figures

• Figure 2.1: Global flavor and fragrance market size ($bn), 2008 - 13
• Figure 2.2: Flavor and fragrance industry drivers and resistors
• Figure 2.3: Top 10 flavor and fragrance companies market share, 2008
• Figure 2.4: Performance of top 10 flavor and fragrance companies, 2004 - 08
• Figure 3.5: Givaudan financial performance ($m), 2004 - 08
• Figure 3.6: Givaudan SWOT analysis
• Figure 4.7: Firmenich financial performance ($m), 2004 - 08
• Figure 4.8: Firmenich SWOT analysis
• Figure 5.9: IFF financial performance ($m), 2004 - 08
• Figure 5.10: IFF SWOT analysis
• Figure 6.11: Symrise financial performance ($m), 2004 - 08
• Figure 6.12: Symrise SWOT analysis
• Figure 7.13: Takasago financial performance ($m), 2004 - 08
• Figure 7.14: Takasago SWOT analysis
• Figure 8.15: Sensient financial performance ($m), 2004 - 08
• Figure 8.16: Sensient SWOT analysis
• Figure 9.17: Mane financial performance ($m), 2004 - 08
• Figure 9.18: Mane SWOT analysis
• Figure 10.19: Frutarom financial performance ($m), 2004 - 08
• Figure 10.20: Frutarom' s SWOT analysis
• Figure 11.21: Robertet financial performance ($m), 2004 - 08
• Figure 11.22: Robertet SWOT analysis
• Figure 12.23: T.Hasegawa financial performance ($m), 2004 - 08
• Figure 12.24: T.Hasegawa SWOT analysis
• Figure 13.25: Soda Aromatic financial performance ($m), 2004 - 08
• Figure 13.26: Cargill financial performance ($m), 2004 - 08
• Figure 13.27: Huabao financial performance ($m), 2005 - 08
• Figure 13.28: Etol financial performance ($m), 2006 - 08
• Figure 13.29: CFF financial performance ($m), 2004 - 08

List of Tables

• Table 2.1: Global flavor and fragrance market size ($bn), 2008 - 13
• Table 2.2: Performance of top 10 flavor and fragrance companies, 2004 - 08
• Table 2.3: Select investment in emerging markets by flavor and fragrance companies, 2007 - 09
• Table 2.4: Select acquisitions in flavor and fragrance industry, 2007 - 09
• Table 3.5: Givaudan snapshot
• Table 3.6: Givaudan financial performance ($m), 2004 - 08
• Table 3.7: Givaudan business segment performance ($m), 2008
• Table 3.8: Givaudan partnership and alliances, 2007 - 09
• Table 4.9: Firmenich snapshot
• Table 4.10: Firmenich financial performance ($m), 2004 - 08
• Table 5.11: IFF snapshot
• Table 5.12: IFF financial performance ($m), 2004 - 08
• Table 5.13: IFF business segment performance ($m), 2008
• Table 6.14: Symrise snapshot
• Table 6.15: Symrise financial performance ($m), 2004 - 08
• Table 6.16: Symrise business segment performance ($m), 2008
• Table 6.17: Symrise partnerships and alliances, 2007 - 09
• Table 6.18: Symrise investment in emerging markets, 2007 - 09
• Table 6.19: Symrise acquisitions, 2007 - 09
• Table 7.20: Takasago snapshot
• Table 7.21: Takasago financial performance ($m), 2004 - 08
• Table 7.22: Takasago business segment performance ($m), 2008
• Table 8.23: Sensient snapshot
• Table 8.24: Sensient financial performance ($m), 2004 - 08
• Table 8.25: Sensient business segment performance ($m), 2008
• Table 9.26: Mane snapshot
• Table 9.27: Mane financial performance ($m), 2004 - 08
• Table 9.28: Mane business segment performance ($m), 2008
• Table 10.29: Frutarom snapshot
• Table 10.30: Frutarom financial performance ($m), 2004 - 08
• Table 10.31: Frutarom business segment performance ($m), 2008
• Table 10.32: Frutarom acquisitions, 2007 - 09
• Table 11.33: Robertet snapshot
• Table 11.34: Robertet financial performance ($m), 2004 - 08
• Table 11.35: Robertet business segment performance ($m), 2008
• Table 12.36: T.Hasegawa snapshot
• Table 12.37: T.Hasegawa financial performance ($m), 2004 - 08
• Table 12.38: T.Hasegawa business segment performance ($m), 2008
• Table 13.39: Soda Aromatic snapshot
• Table 13.40: Soda Aromatic financial performance ($m), 2004 - 08
• Table 13.41: Ogawa snapshot
• Table 13.42: Agilex snapshot
• Table 13.43: Cargill Flavor Systems snapshot
• Table 13.44: Cargill financial performance ($m), 2004 - 08
• Table 13.45: Bell Flavors and Fragrances snapshot
• Table 13.46: Huabao snapshot
• Table 13.47: Huabao financial performance ($m), 2005 - 08
• Table 13.48: Etol snapshot
• Table 13.49: Etol financial performance ($m), 2006 - 08
• Table 13.50: Mastertaste snapshot
• Table 13.51: CFF snapshot
• Table 13.52: CFF financial performance ($m), 2004 - 08
• Table 13.53: Wanxiang snapshot