Notably, the flavors and fragrances market is projected to be up approximately 2-3% by 2021, primarily driven by anticipated growth in emerging markets. Further, International Flavors' focus on driving efficiencies through cost and productivity initiatives, margin improvement, acquisition-related synergies and favorable taxes will boost overall profit. The company's latest business wins and a diversified product portfolio will be conducive to its growth. Over time, it has made acquisitions, which helped expand its offerings and profitability. Last October, International Flavors completed the acquisition of Frutarom. Together, International Flavors and Frutarom have created a global leader in natural taste, scent and nutrition, with a broader customer base, more diversified product offerings, and greater exposure to end markets. The company's Frutarom division has also acquired several companies like Mighty, Leagel and Wiberg, and expanded its product offerings.