Flavours and fragrances: Trading
How flavour houses price each recipe against a brief
What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.Who buys, and where
- Compounds from Givaudan, dsm-firmenich, IFF, Symrise and mid-sized houses
- Aroma chemicals from BASF, Symrise, Chinese and Indian producers
- Naturals from Indian, Chinese, Madagascan and Brazilian processors
Who sells, and from where
- Consumer goods companies (Unilever, P&G, Nestlé, PepsiCo, Hindustan Unilever) under core supplier lists
- Regional food and personal care makers
- Perfume brands
Price benchmarks
| Benchmark | Publisher | Basis |
|---|---|---|
| none for compounds; naturals and aroma chemicals priced bilaterally | not applicable | contract |
Exchanges
| Venue | Contract | Notes |
|---|---|---|
| Multi Commodity Exchange of India | mentha oil futures (indicative) | Liquidity has been limited; check current listing |
Contract types
- Multi-year core list agreements with large consumer goods companies
- Brief-based awards for new products
- Annual supply contracts for aroma chemicals
Traders and distributors
- Ingredient brokers and distributors for naturals (indicative)
How Indian buyers price it
- Global houses set compound prices per kg against each brief
- Natural menthol and mint oil prices follow the Uttar Pradesh crop and synthetic menthol competition
- Aroma chemicals priced against Chinese export offers
Recent price points
| Date | Price | Basis | Source |
|---|---|---|---|
| 2025 | not published for compounds or aroma chemicals | bilateral | no public benchmark found |
Good sources to follow
Perfumer & Flavoristfreemium newsletter · Allured Business MediaF&F market data, ingredients and company news
Givaudan results and reportsfree research site · GivaudanMarket leader's growth, margin and climate disclosures
Indian Chemical Newsfree newsletter · Indian Chemical NewsIndian specialty chemical company news
Chemical Weeklyfreemium newsletter · Sevak PublicationsIndian chemical prices and industry analysis