Dominique Petruzzi
Research expert covering Cosmetics, Personal Care, Health & Hygiene industries.
Get in touch with us nowLeading vendors in Europe
Several big names can be found within the global flavors and fragrances industry. As of the year 2021, Givaudan, IFF (International Flavors & Fragrances), Symrise, and Firmenich were the “four giants” that accounted for over 50 percent of the global F&F market. Givaudan, a Swiss-based F&F manufacturer, has seen a major increase in its total group sales over the past few years, generating approximately 7.1 billion Swiss francs in 2022, of which the majority came from the sale of flavors. In the same period, the German company Symrise AG reached over 4.6 billion euros in global sales. Its most successful segment proved to be Taste, Nutrition, and Health.United States: International Flavor & Fragrances Inc.
With a global market size of roughly 22 percent, International Flavor & Fragrances Inc., a.k.a. IFF, can be considered the leading player on the flavor and fragrance market. The American company, founded in 1958 and currently headquartered in New York, recently saw a remarkable spike in its global net sales, which reached over 12.4 billion U.S. dollars in 2022. Most of these sales came from the EMEA region and North America. Another impressive increase could be observed in the company’s total number of employees worldwide, which grew from around 13,700 in 2020 to roughly 24,600 in the next two years.
