International Flavors & Fragrances

Global Specialty Food Ingredient Market Outlook & Forecast 2023-2028 - Rising Demand for Texturizing Agents from Food and Beverages & High Adoption of Sugar-Free Fortified Food Ingredients - ResearchAndMarkets.com

Retrieved on: 
Thursday, December 28, 2023

As people increasingly focus on enhancing their immunity and overall health, the demand for sugar-free food ingredients has surged.

Key Points: 
  • As people increasingly focus on enhancing their immunity and overall health, the demand for sugar-free food ingredients has surged.
  • The global specialty food ingredients market exhibits a high degree of fragmentation, characterized by the presence of numerous local, regional, and international vendors worldwide.
  • By choosing premium specialty food ingredients, they feel they are making a statement about their taste, sophistication, and lifestyle preferences.
  • Such factors have a positive side on the specialty food ingredients market growth.

Protein Ingredients Market Global Outlook & Forecast 2023-2028: Demand for Plant-based Products in Sports Nutrition and Growth in Vegan Population Drives Demand in Protein Ingredients Market - ResearchAndMarkets.com

Retrieved on: 
Friday, December 22, 2023

The global protein ingredients market is expected to grow at a CAGR of 6.49% from 2022-2028.

Key Points: 
  • The global protein ingredients market is expected to grow at a CAGR of 6.49% from 2022-2028.
  • The key global protein ingredients market players are ADM, Cargill, FrieslandCampina, International Flavors & Fragrances (IFF), and Fonterra Co-operative Group.
  • The dry-form segment is expected to be the largest revenue segment of the global protein ingredients market in 2022.
  • The food & beverages application segment is expected to be the largest revenue segment of the global protein ingredients market.

Global Dietary Fiber Market Analysis and Forecast 2023-2028: Rising Health Awareness and Urbanization Drive Global Dietary Fiber Market, Predicted to Expand Significantly by 2028 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, November 28, 2023

The report projects significant growth for the global dietary fiber market, with a compound annual growth rate (CAGR) of 10.2% expected during the forecast period from 2023 to 2028.

Key Points: 
  • The report projects significant growth for the global dietary fiber market, with a compound annual growth rate (CAGR) of 10.2% expected during the forecast period from 2023 to 2028.
  • By the end of 2028, the market is anticipated to reach a total value of $11.41 billion, up from $5.86 billion in 2021.
  • The study also provides a competitive landscape of the industry, highlighting key players in the global dietary fiber market.
  • Examination of the Dietary Fiber Market by Source (Fruits & Vegetables, Cereals & Grains, Others)
    Analysis of the Dietary Fiber Market by Type (Soluble, Insoluble)
    Assessment of the Dietary Fiber Market by End-use (Food & Beverages, Pharmaceutical, Animal Feed, Others)
    Analysis of the Global Dietary Fiber Market by countries (United States, Canada, Brazil, United Kingdom, Germany, France, China, India, Japan, Indonesia)
    Evaluation of market attractiveness by region, dietary fiber type, dietary fiber form, and sales channel
    The global dietary fiber market is poised for significant growth, driven by factors such as increasing health awareness, urbanization, and consumer preference for healthy lifestyles.

Vintage Wine Estates Names Farzana Shubarna as Vice President of Operations

Retrieved on: 
Tuesday, November 21, 2023

Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today announced the appointment of Farzana Shubarna in the newly created role of Vice President of Operations.

Key Points: 
  • Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today announced the appointment of Farzana Shubarna in the newly created role of Vice President of Operations.
  • Ms. Shubarna brings extensive international experience driving value creation from her strategic leadership roles in manufacturing, warehousing, sustainability programs and end-to-end supply chain operations for the fast-moving consumer goods and nutrition industries.
  • “VWE is strategically looking for the highest level of talent in the marketplace today,” said Zach Long, Chief Operations Officer, Vintage Wine Estates.
  • “We believe we can fully leverage the expertise that Farzana is able to bring to our Company with her differentiated experience to drive increased efficiencies and best-in-class practices.”
    “I am thrilled to join the Vintage Wine Estates team,” Ms. Shubarna said.

Nutraceuticals Market to grow by USD 223.56 billion from 2022 to 2027 | The increasing cost of medical treatment to drive market growth - Technavio

Retrieved on: 
Friday, November 24, 2023

NEW YORK, Nov. 24, 2023 /PRNewswire/ -- The nutraceuticals market is expected to grow by USD 223.56 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Nov. 24, 2023 /PRNewswire/ -- The nutraceuticals market is expected to grow by USD 223.56 billion from 2022 to 2027, according to Technavio.
  • The increasing cost of medical treatment is notably driving the nutraceuticals market.
  • However, factors such as the high cost of nutraceuticals may impede the market growth.
  • The nutraceuticals market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market.

IFF Announces Continuation of Cooperation Agreement with Icahn Capital

Retrieved on: 
Monday, November 6, 2023

IFF (NYSE: IFF) today announced the continuation of the cooperation agreement with Icahn Capital LP and its affiliates.

Key Points: 
  • IFF (NYSE: IFF) today announced the continuation of the cooperation agreement with Icahn Capital LP and its affiliates.
  • Icahn Capital and IFF have agreed to renominate one Icahn director and one mutually agreed director to the IFF board for the 2024 proxy season.
  • “The Icahn Group’s relationship with IFF has brought relevant market experience to and enhanced the financial expertise of the IFF Board.
  • “I believe the IFF Board and management team are poised to capture further value for shareholders as they continue on their strategic transformation to optimize the portfolio,” said Carl Icahn, CEO of Icahn Capital.

IFF Announces Clariant Has Agreed to Purchase IFF’s Cosmetic Ingredients Business Unit

Retrieved on: 
Monday, October 30, 2023

IFF (NYSE: IFF) today announced that Clariant—a sustainably focused specialty chemical company—has agreed to purchase IFF’s Cosmetic Ingredients business unit for $810 million.

Key Points: 
  • IFF (NYSE: IFF) today announced that Clariant—a sustainably focused specialty chemical company—has agreed to purchase IFF’s Cosmetic Ingredients business unit for $810 million.
  • Reporting through IFF’s Scent division, IFF’s Cosmetic Ingredients business unit develops, manufactures and markets innovative ingredients for the cosmetic and personal care industry, including active ingredients, functional ingredients and delivery systems, primarily through the Lucas Meyer Cosmetics brand.
  • “Aligned with our best-owner mindset, the proposed sale of our Cosmetic Ingredients business to Clariant will allow us to focus on our core businesses, maximizing growth and returns.
  • We are convinced that Clariant is the best owner for the Cosmetic Ingredients business and with an ability to invest, will offer the business and our colleagues a bright future.”
    IFF’s Cosmetic Ingredients business unit includes the Lucas Meyers Cosmetics and IBR brands and operates six research and development and/or production sites globally.

Challenges and Opportunities Abound in the Global Dietary Fibers Market as Soluble Fiber Leads in Revenue - ResearchAndMarkets.com

Retrieved on: 
Friday, October 27, 2023

The dietary fibers market is expected to be dominated by the "Cereals & Grains" source segment during the forecast period.

Key Points: 
  • The dietary fibers market is expected to be dominated by the "Cereals & Grains" source segment during the forecast period.
  • The "Functional Food & Beverages" application segment is anticipated to be the largest revenue contributor to the global dietary fibers market.
  • The global dietary fibers market is well-established in regions such as APAC, North America, and Europe.
  • Key players in the global dietary fibers market include ADM, Cargill, International Flavors & Fragrances (IFF), Ingredion, and Kerry.

CJ Foods Names Dr. Gregory Yep to New CTO of Global Food R&D

Retrieved on: 
Monday, October 9, 2023

SEOUL, South Korea, Oct. 9, 2023 /PRNewswire/ -- CJ Foods, a business unit of South Korea-based CJ CheilJedang, announced that it has appointed Dr. Gregory Yep (aged 57), former head of the R&D center at International Flavors & Fragrances (IFF), as the new CTO of its Global Food R&D division.

Key Points: 
  • Yep comes to CJ Foods with an extensive 30+ year career in R&D.
  • Yep's preeminent scientific and technical expertise is closely aligned with CJ Foods' key strategic goals, such as GSP (Global Strategic Product) scale-up, global territory expansion, and identification of white space opportunities.
  • He also plans to leverage collaborations with other research institutes, experts, and partners, creating synergies that facilitate CJ Foods' development of a truly global R&D organization and setting CJ Foods further apart from competitors.
  • "We're delighted that someone of Greg's caliber is joining CJ Foods to contribute to our vision of becoming a global leader in food," said Minsok Pak, CEO of CJ Foods.

IFF Announces Dr. Casper Vroemen to Succeed Dr. Gregory Yep as Chief R&D and Sustainability Officer

Retrieved on: 
Thursday, August 3, 2023

IFF (NYSE: IFF) today announces that Dr. Gregory Yep, Chief R&D and Sustainability Officer, has resigned effective Sept. 1 to pursue a new opportunity in his professional journey.

Key Points: 
  • IFF (NYSE: IFF) today announces that Dr. Gregory Yep, Chief R&D and Sustainability Officer, has resigned effective Sept. 1 to pursue a new opportunity in his professional journey.
  • Yep will be succeeded by Dr. Casper Vroemen—Vice President of R&D, Health & Biosciences—who has dedicated his career to the advancement and commercialization of leading-edge biotechnology.
  • Vroemen will be based in Union Beach, New Jersey, and will become part of IFF’s Executive Leadership Team.
  • As Chief R&D and Sustainability Officer, Vroemen will further IFF’s efforts in innovation, leading the company’s global R&D strategy, technological development, innovation pipeline and external collaborations.