The Symrise Group is active in different markets across the world. These include the traditional market for flavorings and fragrances (F&F market), whose volume amounted to € 14.0 billion in 2014, according to calculations made by the IAL Consultants market research institute. The IAL Consultants calculation does not include the market for pet food flavors, which has a volume of about € 0.5 billion according to our own estimates. In addition, with the Life Essentials and Aroma Molecules business units, the company is active in the market for aroma chemicals and cosmetic ingredients, which, according to our own estimates, achieved sales of € 4.0 billion in 2014. In both sub-markets, the substances sold are used as components in a range of products that end consumers consume or use. In this way, both markets have many trends and characteristics in common. The market relevant for Symrise (AFF market) therefore has a total volume of € 18.5 billion and is achieving average long-term growth of around 2 % to 3 % per year. Our customers include large, multinational companies as well as important regional and local manufacturers of foods, beverages, perfumes, cosmetics, personal care products and cleaning products as well as laundry detergents.