flavors

MARK BAILEY

Global Head of Flavor Division

2025 was an exceptional year for the Flavor Division, delivering industry-leading growth of 10.4% at constant scope and exchange rates, and demonstrating the strength of our strategy and the commitment of our teams worldwide. Growth was driven by all regions, with strong local currency performance despite headwinds from the weaker dollar. 

WE CONTINUED TO GAIN MARKET SHARE ON OUR KEY SEGMENTS. Europe delivered outstanding growth of 14.1%, North America grew 2.7%, and Southeast Asia advanced 13.7%, led by Indonesia. These results reflect the effectiveness of our regional strategies, strong customer partnerships, and our agility in navigating evolving market dynamics and geopolitical uncertainty. 

We continued to strengthen our category expertise through deep consumer insights, enabling us to anticipate trends and deliver differentiated taste solutions. Close collaboration with customers allowed us to co-create concepts and bring winning innovations to market. The beverage segment remained a major growth engine, supported by increasing demand for natural, authentic, and functional flavor solutions. 

During the year, we invested significantly in people and capabilities across sales, creation, application, marketing, and category management. We expanded our global footprint with new creative centers in Shanghai, Singapore, Mexico, and Indonesia, and successfully integrated Omega UK and Sonarome India. We also strengthened our presence in Eastern Europe with the opening of our subsidiary in Poland and secured the development of a new world-class Creative Development Center in Grasse. 

Our leadership in naturals remains a clear differentiator. Through vertical integration, unique know-how, and access to exceptional raw materials, we continue to deliver superior taste solutions valued by customers. Active participation in exhibitions and customer events further reinforced our global partnerships. 

Despite macroeconomic challenges, we maintained resilient profitability through disciplined cost management and operational excellence. As we move into 2026, we are building on strong momentum, a robust project pipeline, and enhanced capabilities. We remain committed to accelerating innovation in naturals, expanding in emerging markets, and investing in our teams to deliver sustainable, long-term value.