---
title: "International Flavors: Business Model"
description: "International Flavors & Fragrances revenue by business segment and geography from its fiscal 2025 Form 10-K, with each part's share and growth explained."
canonical: https://www.getswoopr.com/stocks/companies/international-flavors-and-fragrances/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# International Flavors & Fragrances: Business Model & Revenue Engine

## Direct Answer

International Flavors & Fragrances reports revenue across 5 business segments in its fiscal 2025 Form 10-K. Food Ingredients is the largest, with $3.3 billion of revenue (30% of the total), followed by Taste at $2.5 billion (23%).

## How Does International Flavors & Fragrances Make Money?

No single line supplies a majority of revenue: the largest, Food Ingredients, is 30%, which spreads International Flavors & Fragrances's exposure across several demand drivers. Between fiscal 2024 and 2025, Health and Biosciences grew fastest (+3.6%) and Pharma Solutions slowest (-64.8%), so the revenue mix tilts toward Health and Biosciences while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Food Ingredients | $3.3 billion | $3.4 billion | 30.1% | -2.6% |
| Taste | $2.5 billion | $2.4 billion | 22.8% | 2.2% |
| Scent | $2.5 billion | $2.4 billion | 22.8% | 1.6% |
| Health and Biosciences | $2.3 billion | $2.2 billion | 21.0% | 3.6% |
| Pharma Solutions | $369 million | $1.0 billion | 3.4% | -64.8% |

![Bar chart of International Flavors & Fragrances revenue by segment for fiscal 2025: Food Ingredients 30.1%, Taste 22.8%, Scent 22.8%, Health and Biosciences 21.0%, Pharma Solutions 3.4%.](https://www.getswoopr.com/images/charts/international-flavors-and-fragrances-business-model-segment-mix.webp)
*International Flavors & Fragrances revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## Where Does International Flavors & Fragrances's Revenue Come From?

Regions follow the definitions in the filing; most companies assign revenue by customer location.

| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| EMEA | $3.7 billion | $3.8 billion | 34.2% | -2.9% |
| North America | $3.2 billion | $3.4 billion | 29.3% | -7.1% |
| Asia | $2.5 billion | $2.7 billion | 23.4% | -6.8% |
| Latin America | $1.4 billion | $1.5 billion | 13.1% | -3.5% |

## What the Segment Figures Do Not Show

The rows above add up to 100% of International Flavors & Fragrances's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value International Flavors & Fragrances reported in the segment note and revenue disclosures of its Form 10-K filed February 27, 2026 (accession 0000051253-26-000006), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are International Flavors & Fragrances's business segments?

In its fiscal 2025 Form 10-K, International Flavors & Fragrances reports revenue for Food Ingredients, Taste, Scent, Health and Biosciences and Pharma Solutions.

### Which part of International Flavors & Fragrances brings in the most revenue?

Food Ingredients, with $3.3 billion of revenue in fiscal 2025, or 30% of the total.

### Where does International Flavors & Fragrances report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed February 27, 2026, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: INTERNATIONAL FLAVORS & FRAGRANCES INC Form 10-K filed February 27, 2026](https://www.sec.gov/Archives/edgar/data/51253/000005125326000006/iff-20251231.htm)
- [SEC EDGAR: INTERNATIONAL FLAVORS & FRAGRANCES INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=51253&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [International Flavors & Fragrances company dossier](https://www.getswoopr.com/stocks/companies/international-flavors-and-fragrances/)
- [International Flavors & Fragrances financial metrics](https://www.getswoopr.com/stocks/companies/international-flavors-and-fragrances/metrics/)
- [International Flavors & Fragrances financial risk indicators](https://www.getswoopr.com/stocks/companies/international-flavors-and-fragrances/risks/)
- [International Flavors & Fragrances peer comparison](https://www.getswoopr.com/stocks/companies/international-flavors-and-fragrances/competitors/)
- [International Flavors & Fragrances business model and revenue mix](https://www.getswoopr.com/stocks/companies/international-flavors-and-fragrances/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).