(Final Estimate as of October 6, 2016)
| .. | Company | 2011 | 2011 | Est. 2011 | 2012 | 2012 | Est. 2012 | 2013 | 2013 | Est. 2013 | 2014 | 2014 | Est. 2014 | 2015 | 2015 | Est. 2015 | .. |
| Rank | .. | Country Currency | =US $ | Market Share1 | Country Currency | =US $ | Market Share1 | Country Currency | =US $ | Market Share1 | Country Currency | =US $ | Market Share1 | Country Currency | =US $ | Market Share1 | Source |
| 1 | Givaudan | 3,915 CHF | $4433.4 | 20.3% | 4,257 CHF | $4541.8 | 19.8% | 4,369 CHF | $4715.9 | 19.7% | 4404 CHF | $4818.5 | 19.4% | 4396 CHF | $4575.5 | 19.0% | Givaudan |
| 2(3) | Firmenich | 2,636.00 CHF | $2,985.0 | 13.7% | 2,890 CHF | $3083.3 | 13.5% | 2,952 CHF | $3186.4 | 13.3% | 3008.0 CHF | $3291.1 | 13.2% | 3200.0 CHF (est) | $3330. 7 | 13.8% | Firmenich |
| 3 | IFF | $2,788.0 | $2,788.0 | 12.8% | $2821.4 | $2821.4 | 12.3% | $2952.9 | $2952.9 | 12.4% | $3088.5 | $3088.5 | 12.4% | $3023.2 | $3023.2 | 12.5% | IFF |
| 4 | Symrise | 1583.6 € | $2205.5 | 10.1% | 1734.9 € | $2230.6 | 9.7% | 1830.4 € | $2431.6 | 10.2% | 2120.1 € | $2818.0 | 11.3% | 2601.7 € | $2887.2 | 12.0% | Symrise |
| 5(4) | Takasago | ¥113,676 | $1425.4 | 6.5% | ¥118,973 | $1491.1 | 6.5% | ¥131,036 | $1345.0 | 5.6% | ¥131,653 | $1247.1 | 5.0% | ¥141,660 | $1170.5 | 4.9% | Takasago |
| 6 | Mane SA | 530.1 € | $738.3 | 3.4% | 638.4 € | $820.8 | 3.6% | 723.2 € | $960.7 | 4.0% | 769 € | $1022.1 | 4.1% | 947.6 € | $1051.6 | 4.4% | Mane SA |
| 7 | Frutarom | $518.4 | $518.4 | 2.4% | $618 | $618 | 2.7% | $673.7 | $673.7 | 2.8% | $819.5 | $819.5 | 3.3% | $872.8 | $872.8 | 3.6% | Frutarom |
| 8 (6,7) | Sensient Flavors | ~$619.7** | ~$619.7** | ~2.8% | ~$621.5** | $715.2** | 3.1% | $736.1** | $736.1** | 3.1% | $724.7** | $724.7** | 2.9% | $667.9** | $667.9** | 2.8% | Sensient Technologies |
| 9 | Robertet SA | 373.28 € | $483.7 | 2.2% | 395.6 € | $508.6 | 2.2% | 389.5€ | $517.4 | 2.2% | 390.1€ | $518.4 | 2.1% | 435.3€ | $483.1 | 2.0% | Robertet |
| 10 (4) | Huabao Intl. | 3,058.2 HKD* | $392.9 | 1.8% | 3,162.8 HKD* | $407.7 | 1.8% | 3,167.6 HKD* | $408.4 | 1.7% | 3,294.1 HKD* | $424.5 | 1.7% | 3,155.2 HKD* | $407.0 | 1.7% | Huabao Intl. |
| 11 (5) | T. Hasegawa | ¥44,246 | $545.8 | 2.5% | ¥44,386 | $556.3 | 2.4% | ¥45,104 | $462.9 | 1.9% | ¥44,917 | $425.5 | 1.7% | ¥47,288 | $390.2 | 1.6% | T.Hasegawa |
| ... | Top 11 Totals | $17,136.1 | 78.6% | $17,794.8 | 77.7% | $18,391.0 | 76.9% | $19,189.6 | 77.1% | $18,859.7 | 78.3% | .. | |||||
| All Others | $4,663.9 | 21.4% | $5,105.2 | 22.3% | $5,517.0 | 23.1% | $5,700.4 | 22.9% | $5,240.3 | 21.7% | .. | ||||||
| Total Market | $21,800 | $22,900 | $23,908 | $24,890 | $24,100 | .. |
NOTICE: Historically all foreign currency calculations for the tables were based on December 31 rates for the year indicated. For some years this distorted the the actual performance in US dollars as we have seen significant currency swings within a given year. This was particularly prevalent in 2014, where a EUR/USD swing of nearly 13% and a CHF/USD swing of ~12% occured between July 1 and December 31 2014. Accordingly, after discussions with various industry financial experts, we are now using the "yearly average" exchange rates (which more closely approximates that normally used in the companies). All years in the table for 2010-2014 and 2011-2015 have now been restated using the FOREX yearly average rates as shown in the table below. Prior tables available have not been restated.
