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Firmenich SA in Ingredients

December 2020

Based in Switzerland, privately-owned Firmenich is among the world’s largest producer of fragrances and flavours, mainly supplying the food, drinks, beauty and home care industries. Its product innovations focus strongly on natural ingredients and sustainability through biotechnology research. In flavours, Firmenich is active in developing plant-based proteins to align with prevailing food trends. The company has a wide global reach, balanced between developed and emerging markets.

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Overview:

Euromonitor International's report on Firmenich SA delivers a detailed strategic analysis of the company's business, examining its performance in the Ingredients market and the global economy. Company and market share data provide a detailed look at the financial position of Firmenich SA, while in-depth qualitative analysis will help you understand the brand strategy and growth prospects of Firmenich SA.

This report examines:

  • Company share by region and sector
  • Brand portfolio
  • New product developments
  • Marketing and distribution strategies

A detailed SWPT analysis of Firmenich SA provides strategic intelligence on:

  • Strengths and weaknesses
  • Category and country opportunities for growth
  • Challenges and threats from current competition and future prospects
  • Global and regional market positions

Research you can trust:

Euromonitor International's company profile reports are written by our Ingredients research team, a dedicated group of analysts that knows the industry inside and out. Buy this report to inform your planning, strategy, marketing, sales and competitor intelligence functions.

Scope of the Report

Scope

Introduction

Executive summary

Strategic Evaluation

Key company facts
Solid financial performance despite pressures from the COVID-19 crisis
Balanced geographic reach between developed and emerging markets
Investment in research and development and mergers and acquisitions
Commitment to sustainable development through far-reaching targets
Initiatives to put sustainability at the core of fragrance sourcing strategy
Broad spectrum of applications for flavours and fragrances

Competitive Situation

Firmenich remains number three in industry reshaped by M&A activities

Market Assessment

Investments in Asia and sub-Saharan Africa to reach high-growth markets
Steady growth forecast for flavours and fragrances globally

Flavours

Packaged food ingredients sales shaped by shift towards healthier diets
Rise in milk and fats and oils in emerging markets boosts global growth
Soft drinks ingredients driven by low sugar and more nutritious recipes
COVID-19 impacts some of the largest end use industries for flavours
Global flavours sales hit by COVID-19 crisis in 2020 but are set to recover
Stronger focus on developing new plant-based protein ingredients
Flavours of the year: Firmenich identifies flavours to watch

Fragrances

The COVID-19 crisis creates stronger demand for home care ingredients
Fragrances among core growth driving ingredients in home care globally
Growth in 2020 in all key markets; Asia Pacific set to drive future growth

Operations

R&D capabilities, product innovations and financial developments
Global presence
Acquisitions and partnerships boost capabilities and geographic reach

Recommendations

Adapting to changing technology and macro-economic environment
Executive summary
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