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International Flavors and Fragrances Inc  (IFF)
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International Flavors And Fragrances Inc's

Competitiveness


 

IFF Sales vs. its Competitors Q3 2021



Comparing the results to its competitors, International Flavors And Fragrances Inc reported Total Revenue increase in the 3 quarter 2021 by 142.18 % year on year.
The revenue growth was below International Flavors And Fragrances Inc's competitors average revenue growth of 262.66 %, recorded in the same quarter.

List of IFF Competitors

With net margin of 6.41 % company reported lower profitability than its competitors.

More on IFF Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


International Flavors and Fragrances Inc Net Income in the 3 quarter 2021 grew year on year by 128.46 %, slower than its competitors income growth of 490.6 %

<<  More on IFF Income Comparisons


International Flavors And Fragrances Inc's Comment on Competitors and Industry Peers


The flavors and fragrances market is part of a larger market which supplies a variety of ingredients and components that consumer products companies utilize in their products. The broader market includes large multinational companies or smaller regional and local participants which supply products such as seasonings, texturizers, spices, enzymes, certain food related commodities, fortified products and cosmetic ingredients.

The market for flavors and fragrances is highly competitive. Based on annual sales, our main competitors consist of (1) the three other large global flavor and fragrance manufacturers, Givaudan, Firmenich and Symrise, (2) mid-sized companies, (3) numerous small and local manufacturers with more limited research and development capabilities who focus on narrow market segments and local customers and (4) consumer product companies who may develop their own flavors or fragrances. We, together with the other top three companies, represent approximately two-thirds of the total estimated sales in the global flavors and fragrances sub-segment of the broader market.

We believe that our ability to compete successfully in the flavors and fragrances market is based on (1) our understanding of consumers, (2) innovation, arising from the creative skills of our perfumers and flavorists and the technological advances resulting from our research and development activities, (3) our ability to create products which are tailor-made for our customers’ needs, (4) developing strong customer intimacy and (5) driving efficiency in all that we do.

Large multinational customers and, increasingly, mid-sized customers, may limit the number of their suppliers, placing some on “core lists,” giving them priority for development and production of their new or modified products.

To compete more successfully in this environment, we must make continued investments in customer relationships and tailor product research and development in order to anticipate customers’ needs, provide effective service and secure and maintain inclusion on certain “core lists.”





  

Overall company Market Share Q3 2021

Contrary to strong revenue growth of 142.18 % in Overall company, International Flavors And Fragrances Inc lost market share within this segment.





<<  More on IFF Market Share.
 

*Market share calculated with total revenue.


IFF's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
International Flavors and Fragrances Inc 9,895 35,896 254 6,200
Mccormick and Co Inc 6,146 23,906 759 10,000
Sensient Technologies Corp 1,374 4,039 117 4,083
Procter and Gamble Co 79,242 383,528 15,521 110,000
Est e Lauder Companies Inc 17,045 123,357 3,045 44,000
Avon Products Inc 3,653 0 -236 33,200
Notox Technologies Corp 0 116 -1 1
Helen Of Troy Limited 2,164 5,848 215 1,610
Elizabeth Arden Inc 523 0 17 1,900
Coty Inc 4,474 7,404 288 10,600
Inter Parfums Inc 829 2,880 137 311
Revlon Inc 2,090 596 -451 5,700
Tupperware Brands Corporation 1,792 806 17 13,000
United Guardian Inc 13 70 4 34
SUBTOTAL 129,239 588,446 19,686 240,639


       
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