FLAVORS AND FRAGRANCES MARKET ANALYSIS

Market News

Global Flavors and Fragrances Market: Key Developments

In November 2019, Solvay announced its decision to build a new state-of-the-art facility to manufacture vanillin in Zhenjiang City, in China's Jiangsu Province, boosting its production capacities by 40% and enabling the Group to serve the fast-growing Asian market better.

In February 2019, Solvay started offering two new natural vanillin solutions, including e Rhovanil Natural CW and Rhovanil US NAT, which is globally recognized as a natural ingredient for the US food market, catering to this rising consumer demand for GMO-free, natural and true-to-nature products.

In March 2019, IFF collaborated with Aryballe, a digital olfaction technology based in Grenoble, France, to refine and further develop the flavor and fragrance capabilities. This partnership focused on developing odor sensing and quality control applications to create a platform for applications in the food, fragrance, cosmetics, and other industries.

In April 2019, IFF opened its new global service center in Budapest, Hungary, consolidating key finance processes for its worldwide operations. The center is part of a multi-year effort to optimize IFF’s finance operating model. It would be in Mill Park and would have more than 100 employees by the end of the year.

In July 2020, Takasago announced a pioneering agreement with the Cooperative Corporation of Perfume Plants of Provence (SCA3P) to purchase the Cooperative's production of Lavandin Grosso essential oil.

In December 2019, The Takasago Group opened its first flavors and fragrances factory in Indonesia, with an investment of USD 25 billion. The facility emerged as Takasago’s 12th plant for flavors and fragrances production worldwide.