International Flavors & Fragrances Inc. (IFF) produces products that consumers taste, smell, or feel in fine fragrances and beauty, detergents and household goods, and food and beverages. The company operates over 37 manufacturing facilities and 69 creative centers and application laboratories located in 37 different countries. IFF operates through two business segments: Flavors and Fragrances.
Company produces a range of flavors that impart taste experiences in food and beverage products and, as such, play a significant role in determining consumer preference for the end products in which they are used. Its Flavors business is more regional in nature, with different formulas that reflect local taste preferences. IFF’s Flavors compounds are used by its customers primarily in four end-use categories such as Savory, for use in soups, sauces, condiments, prepared meals, meat and poultry, potato chips and other savory snacks; Beverages, for use in juice drinks, carbonated beverages, flavored waters and spirits, Sweet, for use in bakery products, candy, chewing gum and cereal and Dairy, for use in all dairy products such as yogurt, ice cream and cheese and other products that have a creamy flavor.
IFF’s fragrances business includes fragrance compounds and ingredients. Company’s fragrance compounds are used in fabric care, home care, personal wash, hair care and toiletries. It also produces cosmetic active and functional ingredients for use in cosmetics.
For the fiscal year ended December 2017, company recorded the revenues of $3.4 billion, an increase of 9% from the prior year.
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