Flavors and Fragrances

Specialty Chemicals Update Program

Table of Contents

Section Page Number

Executive summary8
Summary10
Overview of the flavor and fragrance industry14
World14
Structure of the industry14
Flavor and fragrance compositions15
Competitive landscape15
Market participants15
Essential oils and natural extracts17
Competitive landscape17
Market participants18
Aroma chemicals20
Competitive landscape20
Market participants21
Vanillin producers23
Menthol producers25
Operating characteristics28
Flavor and fragrance compositions28
Manufacturing29
Research and development29
Profitability31
Regulatory issues31
Flavor regulations32
Fragrance regulations32
Essential oils and natural extracts33
Manufacturing33
Research and development34
Profitability34
Regulatory issues35
Aroma chemicals35
Manufacturing35
Research and development37
Profitability38
Regulatory issues38
Critical factors for success39
Trends and opportunities40
Flavors40
Fragrances41
Raw materials42
North America43
Structure of the industry43
Recent acquisitions45
Company profiles47
International Flavors & Fragrances, Inc.47
Sensient Technologies Corporation51
Operating characteristics54
Marketing54
Cost structure and profitability54
Government regulations55
Flavors55
United States55
Canada56
Fragrances56
United States56
Canada57
Trends and opportunities57
Europe, Middle East, and Africa59
Structure of the industry59
Corporate activities60
Company profiles65
ADM Wild Europe GmbH/ADM Wild Flavors & Specialty Ingredients (WFSI)65
Firmenich SA65
Frutarom Industries Ltd.66
Givaudan Sa67
V. Mane Fils S.A.69
Robertet S.A.69
Symrise Ag69
Operating characteristics70
Marketing70
Cost structure and profitability71
Government regulations71
European legislative framework71
Flavors72
Fragrances73
Essential oils and natural extracts73
Aroma chemicals74
Trends and opportunities74
Demographics74
Society, customer perception, tastes, fashion, and life cycles74
Natural products, plant versus animal74
Government policies and regulations75
Technology, R&D75
Raw materials76
Products76
Japan76
Structure of the industry76
Company profiles78
T. Hasegawa Co., Ltd.78
Ogawa & Co., Ltd.78
Soda Aromatic Co., Ltd.79
Takasago International Corporation79
Operating characteristics80
Marketing80
Cost structure and profitability81
Government regulations82
The Law Concerning the Examination and Regulation of Manufacture, etc. of Chemical Substances82
Labeling83
Positive list83
Other84
Trends and opportunities84
China84
Structure of the industry84
Company profiles87
Huabao International Holdings, Ltd.87
Jiaxing Zhonghua Chemical Industry Co., Ltd.87
Operating characteristics87
Manufacturing87
Marketing87
Government regulations88
Trends and opportunities88
Products and markets90
Products90
Flavor and fragrance compositions90
Flavor compositions90
Fragrance compositions92
Essential oils and natural extracts94
Aroma chemicals97
Benzenoid compounds98
Musk chemicals 100
Terpenes and terpenoids (cyclic and acyclic) 101
Other aroma chemicals 102
Markets 104
World overview 104
North America 106
Flavor and fragrance compositions 107
Consumption 107
Market participants 107
Trade 110
Prices 111
Essential oils and natural extracts 111
Consumption 111
Market participants 111
Trade 113
Prices 115
Aroma chemicals 116
Consumption 116
Market participants 117
Trade 118
Prices 119
Latin America 120
Flavor and fragrance compositions 120
Consumption 120
Market participants 120
Trade 124
Essential oils and natural extracts 125
Consumption 125
Market articipants 125
Trade 127
Aroma chemicals 130
Consumption 130
Market participants 131
Trade 132
Western Europe 136
Summary 136
Flavor and fragrance compositions 137
Consumption 137
Market participants 139
Trade 153
Prices 154
Essential oils and natural extracts 155
Consumption 155
Market participants 157
Trade 157
Price 159
Aroma chemicals 160
Consumption 160
Market participants 161
Trade 161
Prices 165
Central and Eastern Europe 167
Summary 167
Flavor and fragrance compositions 168
Consumption 168
Market participants 169
Trade 172
Prices 173
Essential oils and natural extracts 174
Consumption 174
Market participants 175
Trade 175
Prices 176
Aroma chemicals 177
Consumption 177
Market participants 177
Trade 177
Prices 178
Middle East 179
Summary 179
Flavor and fragrance compositions 180
Consumption 180
Market participants 181
Trade 184
Prices 185
Essential oils and natural extracts 186
Consumption 186
Market participants 187
Trade 187
Prices 188
Aroma chemicals 188
Consumption 188
Market participants 189
Trade 189
Prices 190
Africa 190
Summary 190
Flavor and fragrance compositions 192
Consumption 192
Market participants 193
Trade 198
Prices 199
Essential oils and natural extracts 200
Consumption 200
Market participants 201
Trade 201
Prices 202
Aroma chemicals 202
Consumption 202
Market participants 203
Trade 203
Prices 204
Japan 204
Summary 204
Flavor and fragrance compositions 205
Consumption 205
Market participants 208
Prices 209
Future trends and strategic issues 209
Essential oils and natural extracts 209
Consumption 209
Market participants 210
Trade 210
Prices 211
Aroma chemicals 211
Consumption 211
Market participants 214
Trade 217
Future trends and strategic issues 217
China 218
Market participants 218
Flavor and fragrance compositions 222
Supply/demand 222
Consumption 223
Market participants 225
Essential oils and natural extracts 225
Supply/demand 225
Market participants 226
Trade 226
Prices 226
Aroma chemicals 227
Supply/demand 227
Consumption 228
Market participants 228
Trade 229
Prices 229
Other Asia and Oceania 230
Flavor and fragrance compositions 230
Summary 230
Supply/demand 230
Consumption 231
Market participants 232
Trade 236
Essential oils and natural extracts 237
Supply/demand 237
Consumption 237
Trade 238
Aroma chemicals 239
Consumption 239
Market participants 240
Trade 246
Trends and opportunities 246
Filter Sort