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SAAFFI Newsletter No.145 7Th May. 2015 Editorial 1. SAAFFI News

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SAAFFI Newsletter No.145 7Th May. 2015 Editorial 1. SAAFFI News SAAFFI Newsletter No.145 7th May. 2015 Editorial In this newsletter we wish to draw our readers’ attention to the Careers Page on the SAAFFI website (http://www.saaffi.co.za/careers.php) . This page offers an opportunity to both job seekers and companies with vacancies to upload their details onto the SAAFFI website. This is a free service and it has proved to be most useful, with exactly the right target audience viewing the posting. So please send us your CV’s and your vacancies…… Another request for our Members is to send through any news items of interest to the F&F industry for inclusion in our newsletter. We would also value comments and feedback regarding the new format of the newsletter. Titles of the articles are hyperlinked into the online publication where the story first appeared. So simply click on the title to follow the link to the original story. Have a great May and get reading…!!! 1. SAAFFI News Welcome to three new members of SAAFFI IMCD IMCD markets and distributes functional food ingredients to the food industry, with technical backup locally and overseas. Glanbia Glanbia is a leader in ingredient solutions, providing customized premixes, amino acids, vitamins, minerals, specialty ingredients and colors for the infant food, food, beverage, sports nutrition and supplement industries. Built on our reputation for outstanding quality and service, we deliver formulation and ingredient expertise that helps our customers strategically optimize their products and propel them to greater success. With production facilities strategically located in North America, Europe and Asia as well as a sales team spanning 19 countries, expert local support is available worldwide. O6 O6 Agencies, esestablished in 2002, services the Eastern & Southern African markets for LUZI AG, a global manufacturer and supplier of World Class Fragrance compounds for use in Home Care, Personal Care, Air Care and Fine Fragrance applications. Sadly we bid farewell to three members who have not renewed their membership for 2015. They are Kerry Ingredients South Africa (Pty) Ltd t/a Kerry Ingredients & Flavours, Q&A Sales & Marketing CC and Sunspray Food Ingredients (Pty) Ltd. Wits University Career Day For the second year running, Wits University Chemical Society invited SAAFFI to participate in their Chemistry Career day, which was held at Wits on the 17th April. The purpose of the day, which is held annually, is to inspire their chemistry students by exposing them to interesting industry sectors, of which the Flavour & Fragrance Industry is certainly one. SAAFFI is committed to ongoing engagement with appropriate tertiary education students; the forum is ideal to showcase our industry to those studying for qualifications which are relevant. A table manned (or womanned!!) by members of the industry was set up with information and a range of fascinating samples. Our sincere thanks go to Cellchem, Crest Chemicals, Mane, O6 Agencies, Sharon Bolel Chemical Marketing and Symrise for their help! The students, apart from being intrigued by our industry, enjoyed the tasty snack and beverage samples and were appreciative for the promotional gifts on the stand. A productive, fun day was enjoyed by all who participated. 2. Flavour & Fragrance Company News IFF Completes Acquisition of Ottens Flavors International Flavors & Fragrances Inc. announced that it has successfully completed the previously announced acquisition of Henry H. Ottens Manufacturing Co. 2010 - 2014 Flavor & Fragrance Industry Leaders 2010 - 2014 Estimated Sales in Millions (Estimate as of March 17, 2015) Com Est. Est. Est.20 Est. 20 .. 2010 2010 2011 2011 2012 2012 2013 2013 2014 2014 Est. 2014 .. pany 2010 2011 12 13 Coun Mark Countr Countr Countr Ra try =US et y Market y Market y Market Country Market .. =US $ =US $ =US $ =US $ Source nk Curr $ Shar Curren Share1 Curren Share1 Curren Share1 Currency Share1 ency e1 cy cy cy 4,23 Giva $407 18.5 3,915 $4433. 4,257 $4541. 4,369 $4715. 4404 1 9 20.3% 19.8% 19.7% $4818.5 19.4% Givaudan udan 4.6 % CHF 4 CHF 8 CHF 9 CHF CHF 2,78 2,636. ~3084.8 (3) Firm $267 12.2 $2,985 2,890 $3083. 2,952 $3186. ~$3375. 2 1.6 00 13.7% 13.5% 13.3% CHF 13.6% Firmenich enich 3.7 % .0 CHF 3 CHF 4 2 (est) CHF CHF (est) $262 $262 11.9 $2,788 $2,788 $2821. $2821. $2952. $2952. 3 IFF 12.8% 12.3% 12.4% $3088.5 $3088.5 12.4% IFF 2.9 2.9 % .0 .0 4 4 9 9 Symr 1571 $208 9.5 1583.6 $2205. 1734.9 $2230. 1830.4 $2431. 4 10.1% 9.7% 10.2% 2120.1 € $2818.0 11.3% Symrise ise .9 € 6.5 % € 5 € 6 € 6 ~ (4) Taka ¥114 $131 6.0 ¥113,6 $1425. ¥118,9 $1491. ¥131,0 $1345. ~$1241. 5 6.5% 6.5% 5.6% ¥131,05 5.0% Takasago sago ,861 0.9 % 76 4 73 1 36 0 5 (est) 5 (est) Wild $1077. 895 € $1189. ~934 € ~$1241. Wild 6 Flavo NA NA NA 650 € $905.3 4.2% 838 € 4.7% 5.0% 5.0% 4 (est) 0 (est) (est) 3 (est) Flavors rs Man 480. $637 2.9 530.1 638.4 723.2 7 $738.3 3.4% $820.8 3.6% $960.7 4.0% 769 € $1022.1 4.1% Mane SA e SA 1 € .3 % € € € Fruta $451 $451 2.1 8 $518.4 $518.4 2.4% $618 $618 2.7% $673.7 $673.7 2.8% $819.5 $819.5 3.3% Frutarom rom .1 .1 % Sensi ~$5 ~$5 Sensient 9(6, ent ~2.6 ~$619 ~$619 ~2.8 ~$621 $715.2 $736.1 $736.1 $724.7* 7) 82.6 82.6 3.1% 3.1% $724.7** 2.9% Technologi Flavo % .7** .7** % .5** ** ** ** * ** ** es rs Robe 362. $480 2.2 373.28 395.6 10 rtet $483.7 2.2% $508.6 2.2% 389.5€ $517.4 2.2% 390.1€ $518.4 2.1% Robertet 25 € .8 % € € SA T. 11( Hase ¥45, $515 2.3 ¥44,24 ¥44,38 ¥45,10 T.Hasegaw 5) $545.8 2.5% $556.3 2.4% $462.9 1.9% ¥44,917 $425.5 1.7% gaw 167 .5 % 6 6 4 a a 2,76 Huab 3,058. 3,162. 3,167. ~3,310 12( 5.4 $355 1.6 ~$426.8 Huabao 4) ao 2 $392.9 1.8% 8 $407.7 1.8% 6 $408.4 1.7% HKD* 1.7% HKD .7 % (est) Intl. Intl. HKD* HKD* HKD* (est) * Top $15 12 71.8 $180 83.0 $188 82.4 $195 81.9 $20520. ... ... 791. 82.4% .. Tota % 86.5 % 72.2 % 80.0 % 0 9 ls All $62 28.2 $371 17.0 $402 17.6 $432 18.1 Oth ... $4370.0 17.6% .. 08.1 % 3.5 % 7.8 % 7.6 % ers Tota l $22, $21,8 $22,9 $23,9 ... ... $24,890 .. Mar 000 00 00 07.6 ket NOTICE: Historically all foreign currency calculations for the table were based on December 31 rates for the year indicated. For some years this distorts the actual performance in US dollars as we have seen significant currency swings within a given year. This was particularly prevalent in 2014, where a EUR/USD swing of nearly 13% and a CHF/USD swing of ~12% occurred between July 1 and December 31 2014. Accordingly, after discussions with various industry financial experts, we are now using the "yearly average" exchange rates (which more closely approximates that normally used in the companies). All years in this table (2010-2014) have now been restated using the FOREX yearly average rates as shown in the table below. Prior tables available have not been restated. FOREX Yearly Average Rates Currency 2010 2011 2012 2013 2014 EUR/USD 1.327386 1.392705 1.285697 1.328464 1.329165 CHF/USD 0.961215 1.13241 1.066891 1.079397 1.094111 JPY/USD 0.011413 0.012539 0.012533 0.010264 0.009473 HKD/USD 0.128721 0.128463 0.128915 0.128921 0.128955 Overall we estimate that the total market grew about 4.1%+ in US $ from 2013. 3. Flavour, Fragrance & Colour News All this and heaven too! Beer flavoured chocolate on its way Latest innovations in the global chocolate market include beer and yogurt flavoured products and non- traditional flavours and textures, according to a new report by Mintel. A flavourist’s worst nightmare! Full bodied wines may lack taste of low-alcohol counterparts Low alcohol wines may offer better taste sensations than wines with a high content, according to a study which used brain scans to scientifically measure perceptions. Wanting isn’t liking! Glutamates increase intake but not appreciation of new flavours Glutamates can be used to increase intake of food containing novel flavours - although it does not necessarily mean people will like those flavours, researchers have unexpectedly found. The taste of 170-year-old Champagne? Spicy, smoky – with fruity and floral notes Champagne salvaged from a Finnish shipwreck can offer winemakers new insights into wine conservation, according to researchers. 4. Cosmetic & Toiletry News More, More, More! 2014 a prolific launch year for fine fragrance. There’s no want for “new” when it comes to the fine fragrance category. There were more than 1,600 new scents rolled out in 2014—the most ever tracked in the 31st annual “Fragrances of the World”. Castile Soap - New at J.R. Watkins 147-year-old J.R. Watkins—a well-known crafter of gourmet spices and extracts, personal care and home care products—is taking #TBT very seriously by bringing its new product line of Pure Castile Soaps to market.
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