The food additives industry across the world is highly fragmented and is contested by a large number of different companies, ranging from chemical companies supplying the food and drinks industry, to agricultural/commodity suppliers who have begun producing additives using their own raw materials, and specialist additive firms that focus specifically on this significant $20 billion market.
Leatherhead Food RA has now published an invaluable guide to the world’s leading additives companies, entitled “Key Players in the Global Additives Industry“. This report, the latest in a series of Key Players titles from Leatherhead, provides an overview of the international additives market and presents detailed profiles of 45 major additives suppliers across the world, including European, US, and Asian businesses. They cover the leading operations in most sectors of the food additives industry and are all fairly international in scope, with many of the US and European companies now also having operations in the developing markets of Asia and Latin America.
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The key trend in the food additives industry in recent years has been that of concentration, as continued merger and acquisition activity has created fewer larger groups, generally aiming at dominance in one or two specific sectors. This trend has been particularly prevalent in the flavours and colours sectors in recent years.
Within the flavours market, which has traditionally been one of the more fragmented sectors of the additives industry, the top ten players now account for over three-quarters of total value sales. It is also one of the most international sectors of the additives industry, with the top ten including a selection European, US and Japanese firms, all of which have a presence in most parts of the world.
The market is led by IFF of the US and Roche’s Givaudan operation, which is to be spun off as a separate entity during 2000. These two companies are each estimated to have around 13% of the international market, with sales of over $1.4 billion in flavours and fragrances.
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Top ten flavour and fragrance companies in the world, 1999
|
||
| Company |
Headquarters
|
Total flavour/fragrance turnover ($m)
|
| IFF |
US
|
1,439
|
| Givaudan |
CH
|
1,403
|
| Quest International |
NL
|
1,090
|
| Takasago |
J
|
8821
|
| Firmenich |
CH
|
881
|
| Haarmann & Reimer |
D
|
779
|
| Bush Boake Allen |
US
|
499
|
| T Hasegawa |
J
|
410
|
| Universal Flavours |
US
|
374
|
| Dragaco |
D
|
320
|
1998 figure Source: Various
With this trend towards specialisation and emphasis on core activities, a number of companies have also set up independent operations, often spun off from a much larger parent company deciding to concentrate on other areas. Examples from companies covered in the report include Rhodia’s spin-off from Rhône-poulenc and Lonza’s from Alusuisse-Lonza. Similar developments in the pipeline include Roche’s planned spin-off of Givaudan and Novo Nordisk’s planned spin-off of its enzymes business as Novozyme.
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