Abstract
rest of the chemical industry may have been through some down times in recent years, but the flavors and fragrances industry has enjoyed steady growth. Producers are finding increases not only in their home markets; indeed, they are scrambling to cater to the double-digit growth now occurring in many Asian countries. As Hans Hartmann, president and chief executive of Haarmann & Reimer, the flavors and fragrances arm of German chemicals giant Bayer, notes in a C&EN interview: The industry has continued to grow about equally with consumer goods growth. Even when other industries were down, ours showed some growth, certainly better than the average of the chemical industry. Moreover, even though growth has slowed somewhat, it is still roughly 3 to 5% on an annualized basis for perfumes and aroma chemicals, and slightly higher for food flavors. That continues the solid performance the industry has shown for decades. Now worth nearly $9 billion worldwide, ...
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