International Flavors & Fragrances

Unlocking the potential of olfaction through technology

Smell Tech

Aryballe Technologies is a French startup founded in 2014 that develops digital olfactory technology combining biochemistry, advanced optics, and machine learning to mimic the human sense of smell. Their core offering is the NeOse product line, a portable "digital nose" capable of detecting and identifying hundreds of odors by capturing odor signatures through biochemical nanosensors and advanced optics. This data is then analyzed by software solutions, helping users make informed decisions across various applications like quality control, R&D, manufacturing, and end-user experiences.
The NeOse technology works by using an optical microarray with 64 biochemical nanosensors (peptides) that capture volatile odorant molecules. The interference between a light source and the sensor-odor complexes is measured by photodetectors, generating unique visual imprints for each odor. Machine learning algorithms then identify these imprints by comparing them against an olfactory database. As of 2022, Aryballe had identified over 50 potential applications across industries like food and beverage, automotive, household appliances, healthcare, and environmental monitoring.
Aryballe's digital nose offers an objective, portable, and cost-effective alternative to traditional gas chromatography methods for odor analysis. The company's NeOse Advance product, launched in 2022, utilizes silicon photonics for improved performance. Aryballe aims to bring its technology to consumer markets eventually, enabling applications like automatically stopping ovens when food is cooked or activating range hoods before odors spread.

Aryballe Technologies was created in Grenoble/France by a team of scientists and entrepreneurs. As a technology platform their main objectives are to develop new generations of universal sensors which can be adapted to different applications. In parallel to their core hardware development activities they are also organized to handle the software + database development and full manufacturing of their sensors and devices.

Amkiri has scientifically developed a Brand New product category for the beauty industry which combines the senses of smell and sight, and enables the complete freedom of multi-sensory self-expression.

International Flavors & Fragrances Inc. is a innovator of sensorial experiences that move the world. At the heart of our company, we are fueled by a sense of discovery, constantly asking “what if?” That passion for exploration drives us to co-create unique scents and tastes in fine fragrances and beauty, detergents and household goods, as well as beloved foods and beverages. Our 6,700 team members globally take advantage of leading consumer insights, research and development, creative expertise, and customer intimacy to develop differentiated products.

<div> International Flavors &amp; Fragrances Inc. (NYSE: IFF) is a leading manufacturer of cosmetic actives, natural health ingredients, and specialty food ingredients used in various consumer products. The company produces flavor compounds for savory items, beverages, sweets, and dairy products. IFF has a strong focus on natural and plant-based ingredients to meet evolving consumer preferences in the food and fragrance industries. IFF's product portfolio includes: <ul> <li> Flavor compounds - Used in savory products, beverages, sweets, and dairy items </li> </ul> <ul> <li> Cosmetic actives - Ingredients for personal care and beauty products </li> </ul> <ul> <li> Natural health ingredients - Components for nutritional and wellness products </li> </ul> <ul> <li> Specialty food ingredients - Natural and plant-based additives for food applications </li> </ul> In the second quarter of 2024, IFF reported solid financial results with earnings per share of USD 1.6 and revenue of USD 2.89 billion, both exceeding analyst estimates. The company raised its full-year 2024 guidance, projecting sales between USD 11.1 billion and USD 11.3 billion. IFF also increased its adjusted operating EBITDA forecast to a range of USD 2.1 billion to USD 2.17 billion. The improved outlook suggests IFF is in a robust growth phase and is focused on generating increased shareholder value. As of September 2024, the company offers a dividend yield of 1.59% to its investors. </div>

International Flavors & Fragrances raised at Morgan Stanley after recent pullback

A new wave of meat, fish, and poultry alternatives are driving this hyper-growth industry into the mainstream

Plant-based Meat

Suppliers of plant ingredients such as legumes, mycelia, and other proteins for the production of plant-based meat, fish, poultry, and pork products; suppliers of technology related to the production of plant-based meat

Producers of plant-based pork alternatives using plant proteins such as pea, soy, wheat, etc. Some startups also use unique ingredients such as mushroom mycelium (whole-cut bacon) and jack fruits (pulled pork) to produce pork alternatives. Products are manufactured mostly in sausage or pulled (pork) form

Producers of plant-based chicken, turkey, and duck alternatives using plant proteins such as peas, soy, wheat, etc. Products are manufactured mostly in nuggets or shredded form

Producers of plant-based seafood alternatives using plant proteins such as peas, soy, chickpeas, etc. Some startups use more unique ingredients such as algae, konjac (a Japanese yam root), tomatoes, and eggplants. Products are manufactured mostly in shredded form or as cuts (for sushi)

Producers of plant-based beef alternatives using plant proteins such as peas, soy, wheat, mung beans, etc. Products are manufactured mostly in a burger patty, sausage, meatball, or minced form

Unlocking nature's benefits for elevated wellness

Functional Nutrition Ingredients

Live beneficial microorganisms and non-digestible fibers to promote a balanced gut microbiome and improve digestive health

Plant-based extracts, fibers, and herbal ingredients with health-promoting properties like anti-inflammatory, adaptogenic, and antioxidant effects

Essential fatty acids and structured lipids such as omega-3 and amino acids that support heart health, cognitive function, and energy metabolism

Small protein fragments with targeted biological activities, such as boosting immunity, improving cardiovascular health, and reducing inflammation

Essential micronutrients and compounds that support improved immune system function, bone health, hair, and skin, among others

Empowering sustainable food innovation through food engineering tech

Alternative Ingredients

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 Global corporation, International Flavors &amp; Fragrances (IFF), has introduced TEXSTAR, an enzymatic solution for texturing fermented plant-based dairy products. It aims to provide an alternative to traditional texturizing agents.
 TEXSTAR functions by transforming sucrose into poly- and oligosaccharides during fermentation. This enzyme enhances viscosity for premium textures, improves taste by minimizing undesirable plant flavors, and can act as a partial replacement for milk protein.
 IFF states that TEXSTAR allows for decrease in price volatility in comparison to crop-based texturants. It demands lesser amounts for target viscosity, strengthens supply chain resilience, and also potentially lowers up to 90% of Scope 3 emissions linked with texturants.
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