Firmenich SA, International Flavors & Fragrances Inc. (IFF), Archer Daniels Midland Company (ADM), Koninklijke DSM NV, and Givaudan SA dominate the market. They possess extensive global reach, strong R&D capabilities, and diverse product portfolios.
Continuous development of new flavors, enhancers, and delivery formats is crucial for differentiation. Players invest heavily in R&D and collaborate with chefs, food scientists, and consumers to identify trending taste profiles. Glanbia Nutritionals has acquired Foodarom, a Canadian company renowned for crafting distinctive flavors, in a deal valued at US$45 million. This strategic acquisition positions the corporation to strengthen its standing in the food flavoring industry.
The companies in the market are focusing on strategic partnerships, new product launch & commercialization for expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Some of the major companies operating in the food flavors & enhancers industry are: