Flavor and fragrances market worldwide - Statistics & Facts

Leading 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 6.7 billion Swiss francs in 2021, of which the majority came from the sale of fragrances. In the same period, the German company Symrise AG reached over 3.8 billion euros in global sales. Its most successful segment proved to be Taste, Nutrition & Health.

United States: International Flavor & Fragrances Inc.

With a global market size of roughly 19 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 11 billion U.S. dollars in 2021. 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 24,000 in the following year.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.