International Flavors & Fragrances

International Flavors & Fragrances Inc. (IFF) stands as the world's largest specialty ingredients producer, creating products across taste, texture, scent, nutrition, enzymes, cultures, soy proteins, and probiotics categories that are marketed globally. Headquartered in New York City with creative, sales, and manufacturing facilities spanning 44 countries, IFF serves over 33,000 customers worldwide with a workforce of approximately 22,400 employees. The company generates annual revenue of $11.48 billion and maintains a market capitalization of $16.77 billion as a publicly traded entity on the New York Stock Exchange.

Through its four core business segments, IFF has established leadership positions across multiple specialty ingredient categories. The Taste segment and Scent segment each contribute approximately 25% of profits, while the Health & Biosciences division generates 30% of profits through its global leadership in probiotics and enzymes. The Food Ingredients segment rounds out the portfolio with texturants, plant-based proteins, and other innovative ingredients. This diversified business model allows IFF to serve industries ranging from food and beverage to personal care, household products, and pharmaceuticals.

IFF's transformation through strategic acquisitions has positioned it as an industry powerhouse. The 2018 acquisition of Frutarom Industries for $7.1 billion significantly expanded capabilities in natural ingredients, followed by the landmark 2021 merger with DuPont's Nutrition & Biosciences business in a $26.2 billion transaction. These transformative deals brought together complementary expertise in flavors, fragrances, probiotics, enzymes, and food protection, creating a comprehensive portfolio of specialty ingredients. More recently, the company sold its Pharma Solutions division to Roquette for $2.85 billion in 2024-2025, sharpening focus on core competencies.

Innovation drives IFF's competitive advantage, with approximately $671 million invested annually in research and development across more than 100 R&D centers globally. The company's sustainability commitment demonstrates measurable impact, with IFF-enabled products helping customers avoid 27.3 million metric tons of CO2 equivalent emissions in 2024—16.5 times more than the company's own manufacturing emissions. This dedication to scientific excellence combined with creative artistry enables IFF to develop breakthrough solutions that make joy through science, creativity, and heart, while addressing critical challenges in nutrition, health, and environmental sustainability.