Givaudan SA
GIVN: XSWX (CHE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Pg | LOCK|V@< | LOCK|K%f#Mp |
Givaudan Is the Global Leader in the Fragrance and Flavour Industry
Business Strategy and Outlook
Givaudan is the largest company in the global flavours and fragrances, or F&F, industry, with around 25% market share. The company creates customised flavour and fragrance formulations from over 10,000 natural and synthetic raw materials for customers that manufacture consumer staples like food, beverages, and household-care products. F&F companies occupy a strong position in the value chain, as their formulations make up only a minute portion of the final product cost but play a decisive role in the consumer’s purchasing decision.
