Though this leaderboard is looking at activities of the past year, 2018 is already off to a strong year for IFF with many implications for the rest of the F&F industry. On May 7, 2018, IFF sent shockwaves through the industry by announcing the acquisition of Frutarom, which also appears on this leaderboard at number six. Combining the current market shares of IFF and Frutarom, they are positioned to move past Firmenich and pose competition to Givaudan for the number one spot.
