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2021-05-04

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World Reimagined: The Food Flavors Market Could Hit Nearly $20 Billion; Stocks to Watch<blockquote>世界重新想象：食品香精市场可能达到近200亿美元；值得关注的股票</blockquote>

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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":106872389,"tweetId":"106872389","gmtCreate":1620105975741,"gmtModify":1634207754821,"author":{"id":3582942802538500,"idStr":"3582942802538500","authorId":3582942802538500,"authorIdStr":"3582942802538500","name":"Elgk","avatar":"https://static.tigerbbs.com/f4e8020d7d7938b137783287f1ce6264","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Like plssssss&nbsp;</body></html>","htmlText":"<html><head></head><body>Like plssssss&nbsp;</body></html>","text":"Like plssssss","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/106872389","repostId":1103354439,"repostType":4,"repost":{"id":"1103354439","kind":"news","pubTimestamp":1620094415,"share":"https://www.laohunote.com/m/news/1103354439?lang=zh_CN&edition=full","pubTime":"2021-05-04 10:13","market":"us","language":"en","title":"World Reimagined: The Food Flavors Market Could Hit Nearly $20 Billion; Stocks to Watch<blockquote>世界重新想象：食品香精市场可能达到近200亿美元；值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103354439","media":"Nasdaq","summary":"Whether the food we eat is spicy, sweet, savory, or even bland, there is little question that flavor","content":"Whether the food we eat is spicy, sweet, savory, or even bland, there is little question that flavor matters. Flavorful food is rewarding, and even some flavors that might be stomach-churning for some can be quite appealing to others. That said, we think many question thevomit-flavored jelly beaneven if it was created to bring a fictional world into our reality. The bottom line is that flavor sells, and as we know consumer tastes can be fickle. Different flavors come in and out of favor, but as we embrace plant-based alternatives, particularly for meat, consumer expectations call for something that tastes as good as the original, if not better. For investors, this flavor demand can be satisfied by a handful of global companies&nbsp;attacking the food flavors market, which&nbsp;Fortune Business Insights sees reaching $19.3 billion by 2027, up from $14.1 billion in 2019.<blockquote>无论我们吃的食物是辣的、甜的、咸的，甚至是淡的，毫无疑问，味道很重要。美味的食物是有益的，甚至一些对一些人来说可能令人作呕的味道对另一些人来说也很有吸引力。也就是说，我们认为许多人质疑玉米味的果冻豆，即使它是为了将一个虚构的世界带入我们的现实而创造的。底线是口味是畅销的，正如我们所知，消费者的口味可能会变化无常。不同的口味时好时坏，但随着我们接受植物性替代品，尤其是肉类，消费者看涨期权期望味道和原味一样好，甚至更好。对于投资者来说，这种口味需求可以通过少数进攻食品香精市场的全球公司来满足，《财富商业洞察》预计，到 2027 年，食品香精市场将达到 193 亿美元，高于 2019 年的 141 亿美元。</blockquote>What is flavor?<blockquote>什么是味道？</blockquote>On our path to discussing those companies,&nbsp;first let's understand&nbsp;what flavor is. Flavor is the sensory impression of a food or other substance, and is determined mainly by the chemical senses of taste and smell. While many of us would think taste is the key determinant of flavor, it’s really the smell that influences the flavor. The reason for this is rather simple - the taste of food is limited to&nbsp;sweet, sour, bitter, salty, and umami. Yes, while we fancy ourselves rather proficient in our respective kitchens, we too had to do some googling to figure out what umami is. The smells of a food are potentially limitless due in part to the fact the&nbsp;human nose&nbsp;can detect more than <a href=\"https://laohu8.com/S/AONE\">one</a> trillion different scents.<blockquote>在我们讨论这些公司的道路上，首先让我们了解什么是风味。味道是对食物或其他物质的感官印象，主要由味觉和嗅觉的化学感觉决定。虽然我们很多人认为味道是决定风味的关键因素，但真正影响风味的是气味。原因很简单——食物的味道仅限于甜、酸、苦、咸和鲜味。是的，虽然我们认为自己对各自的厨房相当熟练，但我们也不得不做一些谷歌来弄清楚什么是鲜味。食物的气味可能是无限的，部分原因是人类的鼻子可以检测到超过<a href=\"https://laohu8.com/S/AONE\">一</a>一万亿种不同的气味。</blockquote>This means that altering a food’s taste relies not so much on its actual taste, but rather its smell. Examples of this can be found across soft drinks and flavored jellies. The point being that when we think of companies that influence the flavor of food, we have to consider not only spice and ingredient companies, but scent and fragrance ones as well. Food (or flavor?)&nbsp;for thought.<blockquote>这意味着改变食物的味道与其说是取决于它的实际味道，不如说是取决于它的气味。这方面的例子可以在软饮料和调味果冻中找到。关键是，当我们想到影响食物味道的公司时，我们不仅要考虑香料和配料公司，还要考虑香味和香料公司。食物（还是味道？）供思考。</blockquote>Plant-based alternatives<blockquote>植物性替代品</blockquote>The combination of taste and smell sensations are called flavorants, and we use them to alter or enhance the flavors of natural food product such as meats and vegetables. From the simple salt and pepper to the more complex spices you have in your pantry, their purpose is to enhance the natural flavor of the food so it is more appetizing. Flavorants also add flavor to those food products that may not have the desired flavors, such as different packaged foods that include candies, snacks, beverages, and yes, plant-based foods, particularly plant-based meat alternatives.<blockquote>味觉和嗅觉的结合被称为调味剂，我们用它们来改变或增强肉类和蔬菜等天然食品的味道。从简单的盐和胡椒到你储藏室里更复杂的香料，它们的目的是增强食物的天然味道，使其更开胃。调味剂还为那些可能不具有所需风味的食品增加风味，例如不同的包装食品，包括糖果、零食、饮料，以及是的，植物性食品，特别是植物性肉类替代品。</blockquote>According to the Plant Based Foods Association, the number <a href=\"https://laohu8.com/S/AONE.U\">one</a> driver of all food purchases is taste. As more food becomes plant-based, there will be more demand for the colors, flavors and scents that consumers have grown accustomed to and these products will become a larger part of the science of food. The plant-based meat market isexpected&nbsp;to reach $13.8 billion by 2027, a dramatic increase compared to $3.3 billion in 2019, as folks look to adopt healthier lifestyles and become more socially responsible. Conventional animal agriculturecontributes&nbsp;18% of all global greenhouse gas emissions – that’s more than the entire transportation sector!<blockquote>根据植物性食品协会的数据，这个数字<a href=\"https://laohu8.com/S/AONE.U\">一</a>所有食品购买的驱动力是口味。随着越来越多的食品变得以植物为基础，消费者对已经习惯的颜色、味道和气味的需求将会增加，这些产品将成为食品科学的更大一部分。植物性肉类市场预计到2027年将达到138亿美元，与2019年的33亿美元相比大幅增长，因为人们希望采用更健康的生活方式并变得更有社会责任感。传统畜牧业的温室气体排放量占全球温室气体排放量的 18%，超过了整个交通运输业的排放量!</blockquote>Cleaner preferences<blockquote>清洁剂偏好</blockquote>Consumers are also increasingly seeking colors, flavors, fragrances and other ingredients that are organic, contain less sodium, are gluten-free, and are non-GMO (genetically modified organisms). Moreover, they are no longer willing to trade off taste for health and nutrition. In 2017, 57% of consumers agreed that nutrition is more important&nbsp;than taste, but only 48% of consumers in 2019 agreed. Furthermore, with consumers wanting less sugar and sodium in food and beverages or the addition of functional ingredients to boost nutritional benefits, the need to build back or balance taste expectations will continue to be key. The confluence of these factors is expected push the global natural and organic flavors market&nbsp;to&nbsp;$10.7 billion by 2027, which equates to a compound annual growth rate of 8.1% over the 2019-2027 period.<blockquote>消费者也越来越多地寻求有机、含钠较少、不含麸质和非转基因（转基因生物）的颜色、味道、香料和其他成分。而且，他们不再愿意用口味来换取健康和营养。2017年，57%的消费者认同营养比口味更重要，但2019年只有48%的消费者认同。此外，随着消费者希望在食品和饮料中减少糖和钠，或者添加功能性成分以提高营养价值，重建或平衡口味期望的需要将继续是关键。这些因素的结合预计将推动全球天然和有机香料市场到2027年达到107亿美元，相当于2019-2027年期间8.1%的复合年增长率。</blockquote>Adding some flavor to your portfolio<blockquote>为您的投资组合增添一些风味</blockquote>When it comes to the combination of flavor, taste and fragrance, investors have roughly a handful of public companies in which to invest. According to data published by&nbsp;Statista, the largest is&nbsp;Givaudan SA (GIVN:SW)&nbsp;with 16% of the global flavored and fragrance market followed by&nbsp;International Flavors &amp; Fragrances (IFF)&nbsp;at 13%,&nbsp;rounded out by&nbsp;Symrise AG (SY1:GR)&nbsp;and privately held Firmenich at 10% each. Quickly tallying the market share percentages published by Statista suggests half of the flavor and fragrance market remains, but we’d quickly note that compilation doesn’t call out&nbsp;McCormick &amp; Co. (MKC)&nbsp;or flavor and color company&nbsp;Sensient Technologies (SXT).Even after adjusting for those two additions, the flavor and fragrance market is a rather fragmented one, and if recent history holds, we could see the recent wave of acquisition activity continue as companies look to position themselves to meet evolving consumer preferences.<blockquote>当谈到风味、味道和香味的组合时，投资者大致有几家上市公司可以投资。根据Statista公布的数据，最大的是奇华登公司 (GIVN:SW)占全球香精香料市场的 16%，其次是国际香精香料公司 (IFF)13%，四舍五入Symrise AG (SY1:GR)并以每股 10% 的价格私人持有 Firmenich。快速统计 Statista 公布的市场份额百分比表明，香精香料市场仍有一半的份额，但我们很快就会注意到，该汇编并没有看涨期权。麦考密克公司 (MKC)或香精和色素公司Sensient Technologies（SXT）。即使在对这两项增加进行调整后，香精香料市场仍然相当分散，如果最近的历史成立，我们可能会看到最近的收购活动浪潮继续下去，因为公司希望定位自己以满足不断变化的消费者偏好。</blockquote>In recent years, McCormick &amp; Co., the company behind Grill Mates Montreal Seasoning, Lawry’s Seasoned Salt, Old Bay, and Frank’s Red Hot Sauce, among others, has been on an acquisition spree. The company recently acquired clean and natural flavor company FONA International, which had sales near $114 million, for $710 million. That purchase closely followed McCormick’s buying hot sauce maker Cholula for $800 million. We’d point out that McCormick is a member of the&nbsp;Dividend Aristocrats, which means it’s not only a member of the S&amp;P 500 but it has continued to increase its dividend for over 25 consecutive years. In our view, we see a company’s ability to deliver that track record while integrating acquisitions pointing to a disciplined and financially savvy management team.<blockquote>近年来，Grill Mates Montreal Seasoning、Lawry's Seasoned Salt、Old Bay 和 Frank's Red Hot Sauce 等公司背后的麦考密克公司（McCormick &amp; Co.）一直在大肆收购。该公司最近以7.1亿美元收购了销售额接近1.14亿美元的清洁天然香料公司FONA International。此前，麦考密克公司以 8 亿美元收购了辣酱制造商 Cholula。我们要指出的是，McCormick 是股息贵族的成员，这意味着它不仅是标普500的成员，而且已经连续 25 年以上不断增加股息。在我们看来，我们认为一家公司在整合收购的同时，能够提供良好的业绩记录，这表明它拥有一支纪律严明、精通财务的管理团队。</blockquote>International Flavors &amp; Fragrances recently merged with the Nutrition &amp; Biosciences business at&nbsp;DuPont (DD).&nbsp;This combination follows IFF’s 2018 acquisition of Frutarom that enhanced its position in natural taste, scent and nutrition. When IFF reports its quarterly results on May 11, investors should pay attention the expected synergies to be had that will likely range from flavors and fragrances and cross marketing opportunities but cost reductions as well. The degree to which IFF shares more granular thoughts on those matters, the more likely we could see meaningful changes to the current 2021 and 2022 consensus EPS forecasts of $5.91 and $6.59, respectively.<blockquote>国际香精香料公司最近与营养与生物科学业务合并杜邦（DD）。此前，IFF 于 2018 年收购了 Frutarom，巩固了其在天然味道、香味和营养方面的地位。当 IFF 于 5 月 11 日公布季度业绩时，投资者应关注预期的协同效应，这些协同效应可能包括香精和交叉营销机会，以及成本降低。IFF 在这些问题上分享的想法越细致，我们就越有可能看到当前 2021 年和 2022 年每股收益共识预测分别为 5.91 美元和 6.59 美元的有意义变化。</blockquote>Individual companies continue to grow both organically and through acquisition as discussed here. There is no doubt to us that this segment of the food industry is one that is poised for growth, especially given the move away from animal-based protein (meat) and toward plant-based sources. As anyone who has cooked with soybean products can tell you, inasmuch as soybeans are a very versatile food, the one thing they lack above all is flavor.<blockquote>正如这里讨论的那样，个别公司继续有机增长和通过收购增长。我们毫不怀疑，食品行业的这一部分有望增长，特别是考虑到从动物蛋白质（肉类）转向植物性来源。任何用大豆制品烹饪过的人都会告诉你，由于大豆是一种非常多功能的食物，它们最缺乏的就是味道。</blockquote>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.<blockquote>本文表达的观点和意见是作者的观点和意见，不一定反映纳斯达克公司的观点和意见。</blockquote>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World Reimagined: The Food Flavors Market Could Hit Nearly $20 Billion; Stocks to Watch<blockquote>世界重新想象：食品香精市场可能达到近200亿美元；值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld Reimagined: The Food Flavors Market Could Hit Nearly $20 Billion; Stocks to Watch<blockquote>世界重新想象：食品香精市场可能达到近200亿美元；值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nNasdaq2021-05-04 10:13\n\n</h4>\n</header>\n<article>\nWhether the food we eat is spicy, sweet, savory, or even bland, there is little question that flavor matters. Flavorful food is rewarding, and even some flavors that might be stomach-churning for some can be quite appealing to others. That said, we think many question thevomit-flavored jelly beaneven if it was created to bring a fictional world into our reality. The bottom line is that flavor sells, and as we know consumer tastes can be fickle. Different flavors come in and out of favor, but as we embrace plant-based alternatives, particularly for meat, consumer expectations call for something that tastes as good as the original, if not better. For investors, this flavor demand can be satisfied by a handful of global companies&nbsp;attacking the food flavors market, which&nbsp;Fortune Business Insights sees reaching $19.3 billion by 2027, up from $14.1 billion in 2019.<blockquote>无论我们吃的食物是辣的、甜的、咸的，甚至是淡的，毫无疑问，味道很重要。美味的食物是有益的，甚至一些对一些人来说可能令人作呕的味道对另一些人来说也很有吸引力。也就是说，我们认为许多人质疑玉米味的果冻豆，即使它是为了将一个虚构的世界带入我们的现实而创造的。底线是口味是畅销的，正如我们所知，消费者的口味可能会变化无常。不同的口味时好时坏，但随着我们接受植物性替代品，尤其是肉类，消费者看涨期权期望味道和原味一样好，甚至更好。对于投资者来说，这种口味需求可以通过少数进攻食品香精市场的全球公司来满足，《财富商业洞察》预计，到 2027 年，食品香精市场将达到 193 亿美元，高于 2019 年的 141 亿美元。</blockquote>What is flavor?<blockquote>什么是味道？</blockquote>On our path to discussing those companies,&nbsp;first let's understand&nbsp;what flavor is. Flavor is the sensory impression of a food or other substance, and is determined mainly by the chemical senses of taste and smell. While many of us would think taste is the key determinant of flavor, it’s really the smell that influences the flavor. The reason for this is rather simple - the taste of food is limited to&nbsp;sweet, sour, bitter, salty, and umami. Yes, while we fancy ourselves rather proficient in our respective kitchens, we too had to do some googling to figure out what umami is. The smells of a food are potentially limitless due in part to the fact the&nbsp;human nose&nbsp;can detect more than <a href=\"https://laohu8.com/S/AONE\">one</a> trillion different scents.<blockquote>在我们讨论这些公司的道路上，首先让我们了解什么是风味。味道是对食物或其他物质的感官印象，主要由味觉和嗅觉的化学感觉决定。虽然我们很多人认为味道是决定风味的关键因素，但真正影响风味的是气味。原因很简单——食物的味道仅限于甜、酸、苦、咸和鲜味。是的，虽然我们认为自己对各自的厨房相当熟练，但我们也不得不做一些谷歌来弄清楚什么是鲜味。食物的气味可能是无限的，部分原因是人类的鼻子可以检测到超过<a href=\"https://laohu8.com/S/AONE\">一</a>一万亿种不同的气味。</blockquote>This means that altering a food’s taste relies not so much on its actual taste, but rather its smell. Examples of this can be found across soft drinks and flavored jellies. The point being that when we think of companies that influence the flavor of food, we have to consider not only spice and ingredient companies, but scent and fragrance ones as well. Food (or flavor?)&nbsp;for thought.<blockquote>这意味着改变食物的味道与其说是取决于它的实际味道，不如说是取决于它的气味。这方面的例子可以在软饮料和调味果冻中找到。关键是，当我们想到影响食物味道的公司时，我们不仅要考虑香料和配料公司，还要考虑香味和香料公司。食物（还是味道？）供思考。</blockquote>Plant-based alternatives<blockquote>植物性替代品</blockquote>The combination of taste and smell sensations are called flavorants, and we use them to alter or enhance the flavors of natural food product such as meats and vegetables. From the simple salt and pepper to the more complex spices you have in your pantry, their purpose is to enhance the natural flavor of the food so it is more appetizing. Flavorants also add flavor to those food products that may not have the desired flavors, such as different packaged foods that include candies, snacks, beverages, and yes, plant-based foods, particularly plant-based meat alternatives.<blockquote>味觉和嗅觉的结合被称为调味剂，我们用它们来改变或增强肉类和蔬菜等天然食品的味道。从简单的盐和胡椒到你储藏室里更复杂的香料，它们的目的是增强食物的天然味道，使其更开胃。调味剂还为那些可能不具有所需风味的食品增加风味，例如不同的包装食品，包括糖果、零食、饮料，以及是的，植物性食品，特别是植物性肉类替代品。</blockquote>According to the Plant Based Foods Association, the number <a href=\"https://laohu8.com/S/AONE.U\">one</a> driver of all food purchases is taste. As more food becomes plant-based, there will be more demand for the colors, flavors and scents that consumers have grown accustomed to and these products will become a larger part of the science of food. The plant-based meat market isexpected&nbsp;to reach $13.8 billion by 2027, a dramatic increase compared to $3.3 billion in 2019, as folks look to adopt healthier lifestyles and become more socially responsible. Conventional animal agriculturecontributes&nbsp;18% of all global greenhouse gas emissions – that’s more than the entire transportation sector!<blockquote>根据植物性食品协会的数据，这个数字<a href=\"https://laohu8.com/S/AONE.U\">一</a>所有食品购买的驱动力是口味。随着越来越多的食品变得以植物为基础，消费者对已经习惯的颜色、味道和气味的需求将会增加，这些产品将成为食品科学的更大一部分。植物性肉类市场预计到2027年将达到138亿美元，与2019年的33亿美元相比大幅增长，因为人们希望采用更健康的生活方式并变得更有社会责任感。传统畜牧业的温室气体排放量占全球温室气体排放量的 18%，超过了整个交通运输业的排放量!</blockquote>Cleaner preferences<blockquote>清洁剂偏好</blockquote>Consumers are also increasingly seeking colors, flavors, fragrances and other ingredients that are organic, contain less sodium, are gluten-free, and are non-GMO (genetically modified organisms). Moreover, they are no longer willing to trade off taste for health and nutrition. In 2017, 57% of consumers agreed that nutrition is more important&nbsp;than taste, but only 48% of consumers in 2019 agreed. Furthermore, with consumers wanting less sugar and sodium in food and beverages or the addition of functional ingredients to boost nutritional benefits, the need to build back or balance taste expectations will continue to be key. The confluence of these factors is expected push the global natural and organic flavors market&nbsp;to&nbsp;$10.7 billion by 2027, which equates to a compound annual growth rate of 8.1% over the 2019-2027 period.<blockquote>消费者也越来越多地寻求有机、含钠较少、不含麸质和非转基因（转基因生物）的颜色、味道、香料和其他成分。而且，他们不再愿意用口味来换取健康和营养。2017年，57%的消费者认同营养比口味更重要，但2019年只有48%的消费者认同。此外，随着消费者希望在食品和饮料中减少糖和钠，或者添加功能性成分以提高营养价值，重建或平衡口味期望的需要将继续是关键。这些因素的结合预计将推动全球天然和有机香料市场到2027年达到107亿美元，相当于2019-2027年期间8.1%的复合年增长率。</blockquote>Adding some flavor to your portfolio<blockquote>为您的投资组合增添一些风味</blockquote>When it comes to the combination of flavor, taste and fragrance, investors have roughly a handful of public companies in which to invest. According to data published by&nbsp;Statista, the largest is&nbsp;Givaudan SA (GIVN:SW)&nbsp;with 16% of the global flavored and fragrance market followed by&nbsp;International Flavors &amp; Fragrances (IFF)&nbsp;at 13%,&nbsp;rounded out by&nbsp;Symrise AG (SY1:GR)&nbsp;and privately held Firmenich at 10% each. Quickly tallying the market share percentages published by Statista suggests half of the flavor and fragrance market remains, but we’d quickly note that compilation doesn’t call out&nbsp;McCormick &amp; Co. (MKC)&nbsp;or flavor and color company&nbsp;Sensient Technologies (SXT).Even after adjusting for those two additions, the flavor and fragrance market is a rather fragmented one, and if recent history holds, we could see the recent wave of acquisition activity continue as companies look to position themselves to meet evolving consumer preferences.<blockquote>当谈到风味、味道和香味的组合时，投资者大致有几家上市公司可以投资。根据Statista公布的数据，最大的是奇华登公司 (GIVN:SW)占全球香精香料市场的 16%，其次是国际香精香料公司 (IFF)13%，四舍五入Symrise AG (SY1:GR)并以每股 10% 的价格私人持有 Firmenich。快速统计 Statista 公布的市场份额百分比表明，香精香料市场仍有一半的份额，但我们很快就会注意到，该汇编并没有看涨期权。麦考密克公司 (MKC)或香精和色素公司Sensient Technologies（SXT）。即使在对这两项增加进行调整后，香精香料市场仍然相当分散，如果最近的历史成立，我们可能会看到最近的收购活动浪潮继续下去，因为公司希望定位自己以满足不断变化的消费者偏好。</blockquote>In recent years, McCormick &amp; Co., the company behind Grill Mates Montreal Seasoning, Lawry’s Seasoned Salt, Old Bay, and Frank’s Red Hot Sauce, among others, has been on an acquisition spree. The company recently acquired clean and natural flavor company FONA International, which had sales near $114 million, for $710 million. That purchase closely followed McCormick’s buying hot sauce maker Cholula for $800 million. We’d point out that McCormick is a member of the&nbsp;Dividend Aristocrats, which means it’s not only a member of the S&amp;P 500 but it has continued to increase its dividend for over 25 consecutive years. In our view, we see a company’s ability to deliver that track record while integrating acquisitions pointing to a disciplined and financially savvy management team.<blockquote>近年来，Grill Mates Montreal Seasoning、Lawry's Seasoned Salt、Old Bay 和 Frank's Red Hot Sauce 等公司背后的麦考密克公司（McCormick &amp; Co.）一直在大肆收购。该公司最近以7.1亿美元收购了销售额接近1.14亿美元的清洁天然香料公司FONA International。此前，麦考密克公司以 8 亿美元收购了辣酱制造商 Cholula。我们要指出的是，McCormick 是股息贵族的成员，这意味着它不仅是标普500的成员，而且已经连续 25 年以上不断增加股息。在我们看来，我们认为一家公司在整合收购的同时，能够提供良好的业绩记录，这表明它拥有一支纪律严明、精通财务的管理团队。</blockquote>International Flavors &amp; Fragrances recently merged with the Nutrition &amp; Biosciences business at&nbsp;DuPont (DD).&nbsp;This combination follows IFF’s 2018 acquisition of Frutarom that enhanced its position in natural taste, scent and nutrition. When IFF reports its quarterly results on May 11, investors should pay attention the expected synergies to be had that will likely range from flavors and fragrances and cross marketing opportunities but cost reductions as well. The degree to which IFF shares more granular thoughts on those matters, the more likely we could see meaningful changes to the current 2021 and 2022 consensus EPS forecasts of $5.91 and $6.59, respectively.<blockquote>国际香精香料公司最近与营养与生物科学业务合并杜邦（DD）。此前，IFF 于 2018 年收购了 Frutarom，巩固了其在天然味道、香味和营养方面的地位。当 IFF 于 5 月 11 日公布季度业绩时，投资者应关注预期的协同效应，这些协同效应可能包括香精和交叉营销机会，以及成本降低。IFF 在这些问题上分享的想法越细致，我们就越有可能看到当前 2021 年和 2022 年每股收益共识预测分别为 5.91 美元和 6.59 美元的有意义变化。</blockquote>Individual companies continue to grow both organically and through acquisition as discussed here. There is no doubt to us that this segment of the food industry is one that is poised for growth, especially given the move away from animal-based protein (meat) and toward plant-based sources. As anyone who has cooked with soybean products can tell you, inasmuch as soybeans are a very versatile food, the one thing they lack above all is flavor.<blockquote>正如这里讨论的那样，个别公司继续有机增长和通过收购增长。我们毫不怀疑，食品行业的这一部分有望增长，特别是考虑到从动物蛋白质（肉类）转向植物性来源。任何用大豆制品烹饪过的人都会告诉你，由于大豆是一种非常多功能的食物，它们最缺乏的就是味道。</blockquote>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.<blockquote>本文表达的观点和意见是作者的观点和意见，不一定反映纳斯达克公司的观点和意见。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.nasdaq.com/articles/world-reimagined%3A-the-food-flavors-market-could-hit-nearly-%2420-billion-stocks-to-watch\">Nasdaq</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/017a2d51f9605f643f552ed0e3997176","relate_stocks":{"SXT":"Sensient Technologies Corp"},"source_url":"https://www.nasdaq.com/articles/world-reimagined%3A-the-food-flavors-market-could-hit-nearly-%2420-billion-stocks-to-watch","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103354439","content_text":"Whether the food we eat is spicy, sweet, savory, or even bland, there is little question that flavor matters. Flavorful food is rewarding, and even some flavors that might be stomach-churning for some can be quite appealing to others. That said, we think many question thevomit-flavored jelly beaneven if it was created to bring a fictional world into our reality. The bottom line is that flavor sells, and as we know consumer tastes can be fickle. Different flavors come in and out of favor, but as we embrace plant-based alternatives, particularly for meat, consumer expectations call for something that tastes as good as the original, if not better. For investors, this flavor demand can be satisfied by a handful of global companies attacking the food flavors market, which Fortune Business Insights sees reaching $19.3 billion by 2027, up from $14.1 billion in 2019.What is flavor?On our path to discussing those companies, first let's understand what flavor is. Flavor is the sensory impression of a food or other substance, and is determined mainly by the chemical senses of taste and smell. While many of us would think taste is the key determinant of flavor, it’s really the smell that influences the flavor. The reason for this is rather simple - the taste of food is limited to sweet, sour, bitter, salty, and umami. Yes, while we fancy ourselves rather proficient in our respective kitchens, we too had to do some googling to figure out what umami is. The smells of a food are potentially limitless due in part to the fact the human nose can detect more than one trillion different scents.This means that altering a food’s taste relies not so much on its actual taste, but rather its smell. Examples of this can be found across soft drinks and flavored jellies. The point being that when we think of companies that influence the flavor of food, we have to consider not only spice and ingredient companies, but scent and fragrance ones as well. Food (or flavor?) for thought.Plant-based alternativesThe combination of taste and smell sensations are called flavorants, and we use them to alter or enhance the flavors of natural food product such as meats and vegetables. From the simple salt and pepper to the more complex spices you have in your pantry, their purpose is to enhance the natural flavor of the food so it is more appetizing. Flavorants also add flavor to those food products that may not have the desired flavors, such as different packaged foods that include candies, snacks, beverages, and yes, plant-based foods, particularly plant-based meat alternatives.According to the Plant Based Foods Association, the number one driver of all food purchases is taste. As more food becomes plant-based, there will be more demand for the colors, flavors and scents that consumers have grown accustomed to and these products will become a larger part of the science of food. The plant-based meat market isexpected to reach $13.8 billion by 2027, a dramatic increase compared to $3.3 billion in 2019, as folks look to adopt healthier lifestyles and become more socially responsible. Conventional animal agriculturecontributes 18% of all global greenhouse gas emissions – that’s more than the entire transportation sector!Cleaner preferencesConsumers are also increasingly seeking colors, flavors, fragrances and other ingredients that are organic, contain less sodium, are gluten-free, and are non-GMO (genetically modified organisms). Moreover, they are no longer willing to trade off taste for health and nutrition. In 2017, 57% of consumers agreed that nutrition is more important than taste, but only 48% of consumers in 2019 agreed. Furthermore, with consumers wanting less sugar and sodium in food and beverages or the addition of functional ingredients to boost nutritional benefits, the need to build back or balance taste expectations will continue to be key. The confluence of these factors is expected push the global natural and organic flavors market to $10.7 billion by 2027, which equates to a compound annual growth rate of 8.1% over the 2019-2027 period.Adding some flavor to your portfolioWhen it comes to the combination of flavor, taste and fragrance, investors have roughly a handful of public companies in which to invest. According to data published by Statista, the largest is Givaudan SA (GIVN:SW) with 16% of the global flavored and fragrance market followed by International Flavors & Fragrances (IFF) at 13%, rounded out by Symrise AG (SY1:GR) and privately held Firmenich at 10% each. Quickly tallying the market share percentages published by Statista suggests half of the flavor and fragrance market remains, but we’d quickly note that compilation doesn’t call out McCormick & Co. (MKC) or flavor and color company Sensient Technologies (SXT).Even after adjusting for those two additions, the flavor and fragrance market is a rather fragmented one, and if recent history holds, we could see the recent wave of acquisition activity continue as companies look to position themselves to meet evolving consumer preferences.In recent years, McCormick & Co., the company behind Grill Mates Montreal Seasoning, Lawry’s Seasoned Salt, Old Bay, and Frank’s Red Hot Sauce, among others, has been on an acquisition spree. The company recently acquired clean and natural flavor company FONA International, which had sales near $114 million, for $710 million. That purchase closely followed McCormick’s buying hot sauce maker Cholula for $800 million. We’d point out that McCormick is a member of the Dividend Aristocrats, which means it’s not only a member of the S&P 500 but it has continued to increase its dividend for over 25 consecutive years. In our view, we see a company’s ability to deliver that track record while integrating acquisitions pointing to a disciplined and financially savvy management team.International Flavors & Fragrances recently merged with the Nutrition & Biosciences business at DuPont (DD). This combination follows IFF’s 2018 acquisition of Frutarom that enhanced its position in natural taste, scent and nutrition. When IFF reports its quarterly results on May 11, investors should pay attention the expected synergies to be had that will likely range from flavors and fragrances and cross marketing opportunities but cost reductions as well. The degree to which IFF shares more granular thoughts on those matters, the more likely we could see meaningful changes to the current 2021 and 2022 consensus EPS forecasts of $5.91 and $6.59, respectively.Individual companies continue to grow both organically and through acquisition as discussed here. There is no doubt to us that this segment of the food industry is one that is poised for growth, especially given the move away from animal-based protein (meat) and toward plant-based sources. As anyone who has cooked with soybean products can tell you, inasmuch as soybeans are a very versatile food, the one thing they lack above all is flavor.The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.","news_type":1,"symbols_score_info":{"SXT":0.9}},"isVote":1,"tweetType":1,"viewCount":991,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":12,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/106872389"}