IFF CEO Sees Good Demand for Plant-Based Products

The video discusses the current market outlook, highlighting a slowdown in customer growth but an increase in demand for innovation. It emphasizes the strong performance in the HPC and beauty sectors and anticipates a rebound in the taste sector. The discussion shifts to the growing trend of plant-based proteins, noting its global expansion and sustainability benefits. The company aims to assist customers in developing appealing flavors and textures for these products. Finally, the video covers recent business deals, focusing on integration and synergy savings to enhance value creation.

What is the main reason for the slowdown in orders from major customers?

• High production costs

• Increased competition in the market

• Lack of innovation in products

• Customers not growing as fast as expected

Which sector is experiencing solid growth according to the business outlook?

• Technology

• Automotive

• HPC and beauty

• Agriculture

Why is plant-based protein considered a significant trend?

• It is only popular in the US

• It is a temporary fad

• It offers a sustainable protein source for a growing population

• It is cheaper than traditional meat

What role does the company play in the plant-based protein market?

• Distributing plant-based products

• Marketing plant-based products

• Designing flavors and textures for plant-based products

• Manufacturing plant-based meat

What is the company's focus after the Food Rome deal?

• Expanding into new markets

• Integrating the deal and achieving cost savings

• Reducing workforce

• Launching new products