Symrise AG - Company Profile
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Business Description
Symrise AG (Symrise) offers fragrances, flavors, and other functional ingredients. The company provides over 35,000 products derived from natural raw materials, including vanilla, citrus products, and flower and plant materials. It serves more than 6,000 customers in over 150 countries worldwide. As of December 2023, the company operated sales branches in more than 40 countries.
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R&D Overview
Symrise’s R&D arm focuses on product development in collaboration with a network of research institutes and scientific facilities. In Taste, Nutrition, and Health segment, the company intends to focus on sugar, reduction of salt and fat and enhancing the taste of plant proteins as meat substitutes or alternatives to dairy products by using systematic digital tools. It also focuses on the areas of taste optimization (taste balancing), sensory optimization of preparations based on plant protein, and the development of sustainable, resource-saving manufacturing processes. The company operates development centers in the US, Singapore, Germany, China, France, and Brazil. In the review year, the company filed 172 patent applications. In FY2022, the company incurred an expense of EUR266 million on R&D, which as a percentage of revenue, stood at 5.6%.
Business Segments
Overview
Includes fragrance, cosmetic ingredients and aroma molecules categories. Develops, produces, and sells fragrance compositions, cosmetic ingredients, aroma molecules and mint flavors and specific application processes for such substances. Fragrances category offers perfume oils that are used in perfumes, personal care products and household products. It also offers mint flavors and intermediate products for use in toothpaste, mouthwash and chewing gums. Cosmetic ingredients provide active ingredients, modern solutions for product preservation, pioneering protection against solar radiation and negative environmental influences, innovative ingredients for hair care, inspiring plant extracts, high-performance functionals and tailor-made cosmetic colors. Aroma molecules includes Menthols, and Fragrance Ingredients. Menthols manufactures nature-identical menthol, which is primarily used in manufacturing of oral care products, chewing gum and shower gels. Fragrance ingredients manufactures aroma chemicals of especially high quality. These aroma chemicals are used both in the production of perfume oils.
Performance
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Overview
Develops, produces, and sells flavors and functional ingredients that are used in foods, beverages and health products. Manufactures fish and pet food. Categorized into two divisions: food and beverage, and pet food divisions. Food and beverage division develops differentiated natural ingredients, flavor and taste solutions for various industries or businesses such as beverage, sweet, natural, and savory. Its innovative and authentic taste solutions are used in soft drinks, juice-based drinks, tea, spirits, coffee, fermented drinks. Pet food division offers high quality solutions to improve the well-being of pets. Offers these solutions to pet manufacturers across the world. It is again sub categorized into three divisions: pet food palatability, pet nutrition, pet food protections. Develops high performance and reliable solutions for fish feed manufacturers. Also develops, produces, and markets effective probiotics for functional foods and food supplements.
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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