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International Flavours and Fragrances Inc in Ingredients

February 2021

IFF’s investment in responding to the latest consumer-led trends continued with its deal with DuPont’s Nutrition & Biosciences business to establish a combined company, which is expected to become a strong contender in the plant-based protein and functional food spheres. The merger is expected to put IFF in a better position in terms of R&D investment, which is crucial for being able to produce innovative solutions to changing consumer shopping habits in light of the Coronavirus pandemic.

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Overview:

Euromonitor International's report on International Flavours and Fragrances Inc 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 International Flavours and Fragrances Inc, while in-depth qualitative analysis will help you understand the brand strategy and growth prospects of International Flavours and Fragrances Inc.

This report examines:

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

A detailed SWPT analysis of International Flavours and Fragrances Inc 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
IFF: financial results
Regional performance improved by the acquisition of Frutarom
Vision 2021: “Building the next era of IFF” based on four pillars
Frutarom: an investment aligned with the growing “natural” trend
IFF to better position in plant-based by merging with DuPont N&B
Pandemic-led foodservice closures negatively affect IFF’s Taste results
IFF’s sustainability goals remain to be crucial in the new normal

Competitive Landscape

Competition in flavours and fragrance intensifies as demand grows
R&D is crucial to get ahead in the health and wellness sphere
Private label generates indirect competition for IFF’s Taste division

Market Assessment

Impact of COVID-19 on IFF (1)
Impact of COVID-19 on IFF (2)
Proteins thrive as healthy eating trend grows in popularity
Soft drinks plummet in foodservice in 2020, due to pandemic
Home seclusion and GDP play against beauty and personal care
IFF to strengthen its position in home care with N&B’s antimicrobials

Taste

Home cooking and health emerge as key determinants in food sales
Fight against sugar works against carbonates and juices
Increased focus on plant-based may reinforce IFF’s position in Asia Pacific
US is the biggest market for food/beverage flavours consumption
N&B to strengthen IFF’s position in functional food
Natural antioxidants to grow owing to growing clean label trend

Scent

Bath and shower wins while fragrances loses owing to COVID-19
Preventative health and home seclusion drive sales in home care
“Natural” is the leading claim in beauty and personal care and home care

Recommendations

What to focus on post COVID-19?
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