DAVY VIEW

Latin America (LATAM) is consistently Givaudan’s fastest growing region – organic growth has averaged 12.6% since 2016 and represents 11% of group sales. At its annual investor conference, Givaudan showcased its LATAM business and market opportunity. The region has several idiosyncratic features, particularly in fragrance, that are growth supportive allied with the emergence of a more sustainably aware consumer. Despite prolonged currency depreciation and political instability, the region has been a rich source of organic growth for Ingredient players. The strength of Givaudan’s market position, together with its capability set, suggests that it remains well placed to capture further growth.