The Top 10 Flavour and Fragrance Companies

Transcription

1 Brochure More information from The Top 10 Flavour and Fragrance Companies Description: In 2006, the global flavour 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 The Top 10 Flavour 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 flavour 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 flavour and fragrance companies. Benchmark your performance against the leading flavour companies using market share and financial data in this new report. Some key questions answered by this report... -What are the key strategies of the leading flavour and fragrance companies and how do these strategies drive revenue and market share? -What are the drivers and inhibitors in the flavour and fragrance industry? -What is the market share of each of the global flavour and fragrance companies? -Which regions offer the leading flavour and fragrance companies the greatest growth opportunities? -How do the leading flavour and fragrance companies compare in terms of financial performance and coverage by country and category? Key findings of this report... -In 2006, Sensient spent $26m on R&D. The majority of leading players spend about 10% of their annual turnover on R&D costs. -The top 10 players account for 66% of total flavour and fragrance market share. Givaudan is the market leader with a market share of 13%, followed by International Flavour s & Fragrances and Firmenich, with respective shares of 12% and 11% in Health and wellness is a core focus for flavour companies. In particular, the focus on natural flavours 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 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 addressed in this report... -Consolidation. Consolidation is one of the major trends in the flavour 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 flavour 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

2 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 flavour 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 flavour and fragrance companies and their strategies for growth. -Understand the key trends in the flavour 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 flavour and fragrance companies innovation and NPD strategies. -Create more effective competitive strategies based on this report s SWOT analyses of the top flavour and fragrance companies. Contents: Executive Summary 14 Market development 14 Givaudan 15 International Flavours & 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 flavour and fragrance market 31 Consolidation of major players 31 Shifting base to low cost Chinese market 32 Developing innovative flavour combinations 32 Technology advances 33 Inhibitors of flavour 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

3 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 Flavours & Fragrances 54 Summary 54 Introduction 54 History 55 Recent financial performance 57 Acquisitions and divestments 59 Market positioning 59 Fragrances 59 Flavours 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 flavours in savoury 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 Flavours division 72 Ingredients division 72 Strategies for growth 72

4 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 Flavour 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 Flavour 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 Flavours 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 Centre 100 Threats 100

5 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 Flavours and Fragrances 107 Colour 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 Flavours 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 flavoured 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

6 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 flavour facility in US 140 Threats 141 Consolidation 141 Chapter 12 Frutarom 144 Ordering: Order Online - Order by Fax - using the form below Order by Post - print the order form below and send to Research and Markets, Guinness Centre, Taylors Lane, Dublin 8, Ireland.

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