International Flavors & Fragrances Inc - Company Profile
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Business Description
International Flavors & Fragrances Inc (IFF) is a provider of flavors and fragrances. The company's products portfolio includes beverage, food, health and biosciences, scent and pharma solutions and complementary products, such as cosmetic active and natural health ingredients. It serves animal nutrition and health, dietary supplements, food and beverage, grain processing, home care, perfumery, personal care, and pharmaceutical industries.
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R&D Overview
The company’s R&D arm focuses on development of new products and improve the quality. It also collaborated with startups and Israel Innovation Authority which allows IFF to promote innovation and provide new and exciting solutions to customers. As of December 2022, IFF operated five R&D facilities in Union Beach, New Jersey; Wilmington, Delaware; Palo Alto, California; Brabrand, Denmark; Leiden, the Netherlands. In FY2022, the company employed 3,200 people in R&D activities globally. As of December 2022, IFF had 940 patents in the US, and 546 pending patent applications. In FY2022, the company incurred expenses of US$603 million on R&D, which as a percentage of revenue stood at 4.8%.
Business Segments
Overview
Comprises of biotechnology-driven portfolio of enzymes, food cultures, and probiotics for non-food applications, personal and home care, and health and wellness applications. Operates five business units: Health, Cultures and Food Enzymes, Home and Personal Care, Animal Nutrition and Grain Processing.
Performance
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Overview
Consist of diversified portfolio across natural and plant-based specialty food ingredients, flavor compounds, and savory solutions and inclusions. Operates under three business units Ingredients, Flavors and Food Designs.
Performance
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Overview
Offers a portfolio of cellulosics and seaweed-based pharma excipients which used to improve the functionality and delivery of active pharmaceutical ingredients.
Performance
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Overview
Comprises fragrance compounds, fragrance ingredients and cosmetic active ingredients. Fragrance compounds consists of two categories: fine fragrances include colognes and perfumes, and consumer fragrances include fragrance compounds for beauty care products, household products and personal care. Fragrance ingredients comprises of natural and synthetic ingredients while cosmetic active ingredients consist of botanicals, functional and active ingredients and delivery systems to support personal care and cosmetic product lines. Serves various industries including cosmetics and household products.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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