There are numerous companies dedicated to creating the flavored and scented ingredients that are added to the food, cosmetics, and household items we consume and use on a daily basis. As of 2017, the leading flavor and fragrance company worldwide was Givaudan, which generated over 5.1 billion dollars in sales in that year.
Givaudan
Flavors and fragrances are an excellent way to make a product more appealing and memorable. As the top selling flavor and fragrance company, Givaudan produces a wide variety of products, that include savory and sweet flavors, and fragrances for everything from fine perfumes to household cleaning products. Over the last several years,
Givaudan’s flavor segment has generated slightly more sales than its fragrance segment.
Flavor and Fragrance Market
The flavor and fragrance market worldwide has seen a steady increase in value over the last several years. In 2017,
global flavor and fragrance market was valued at nearly 25 billion U.S. dollars, up from 18 billion dollars in 2014. As the region with the largest population,
Asia is also the largest consumer of flavors and fragrances, followed by North America.