Market Share of Global Natural Food Flavors Industry
The leading participants include Givaudan, Firmenich SA, International Flavors & Fragrances, Symrise AG, and other companies. Givaudan led the market, with the highest share, in 2019.The prominent market players have been focusing on developing new and innovative p roducts by targeting new formulations for food flavors in the natural segment. Additionally, these companies are focusing on the increasing production capacities of their existing plants, while investing in R&D activities. Thus, the market studied is expected to witness a significant growth in product innovation, while keeping expansion as a business interest to reach a diverse set of consumers within a short-term period. As a part of its business expansion strategy, Givaudan expanded its geographical reach by opening a new technical and commercial center for flavors in Casablanca, Morocco. The CHF 1.2 million investment was part of the company's high growth market strategies. This also demonstrated its ongoing commitment to the Maghreb and West African regions
Natural Food Flavors Market Leaders
Givaudan SA
BASF SE
Symrise AG
International Flavors & Fragrances Inc. (IFF Inc.)
Firmenich SA
*Disclaimer: Major Players sorted in no particular order
