The Global Cooling Agents Market was valued at USD 14.5 Billion in 2024 and is projected to reach USD 19.8 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period (2024–2032). This growth is being driven by surging demand for refreshing food and beverage products, expanding pharmaceutical applications, and the accelerating adoption of Natural and Sustainable Cooling Agents across personal care and industrial sectors.

As consumer preferences shift toward enhanced sensory experiences and clean-label ingredients, the spotlight is on the key manufacturers who are driving innovation, formulation science, and sustainable production pathways. In this blog, we profile the Top 10 Companies in the Cooling Agents Industry—a mix of flavor and fragrance giants, specialized chemical producers, and biotechnology pioneers shaping the future of thermal sensation products.

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🔟 1. Symrise AG

Headquarters: Holzminden, Germany
Key Offering: SymCool™ portfolio, Natural Menthol, WS-3, WS-23

Symrise AG is a global leader in the flavor and fragrance industry and a dominant force in cooling agents. Their extensive portfolio serves the food & beverage, oral care, and pharmaceutical markets with both synthetic and natural solutions. The company’s 2024 launch of a new plant-based cooling agent underscores its commitment to sustainability and innovation.

Innovation Initiatives:

• Expansion of sustainable, bio-based cooling agent production

• Strategic R&D partnerships with major FMCG brands

• Committed to achieving climate-neutral operations by 2030

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Menthol, Cyclo-cool® (Menthyl Lactate), Frescolat®

BASF SE is a chemical giant with a strong presence in the cooling agent market, offering a wide range of ingredients for personal care, oral hygiene, and food applications. Their Cyclo-cool® series is renowned for its high purity and customizable cooling profiles.

Innovation Initiatives:

• Development of next-generation cooling agents with enhanced stability

• Integration of cooling agents into biodegradable polymer systems

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8️⃣ 3. Givaudan SA

Headquarters: Vernier, Switzerland
Key Offering: CoolTek™ ingredients, Natural薄荷 (Mentha), Cooling Flavors

Givaudan SA leverages its deep expertise in taste and wellbeing to create sophisticated cooling solutions. The company’s acquisition strategies have strengthened its position in high-growth markets, particularly in natural and organic cooling ingredients.

Innovation Initiatives:

• Focus on clean-label and natural origin cooling solutions

• Expansion into functional food and beverage applications

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7️⃣ 4. International Flavors & Fragrances Inc. (IFF)

Headquarters: New York, USA
Key Offering: Neohesperidin DC, Cooling Compounds, Mint Flavors

IFF is a leading innovator in sensory experiences, providing cooling agents that enhance product performance across multiple categories. Their merger with DuPont’s Nutrition & Biosciences business has created a powerhouse in ingredient science.

Innovation Initiatives:

• Biotechnology development for sustainable cooling agent production

• Creation of multifunctional cooling and flavor systems

Download FREE Sample Report: Cooling Agents Market – View in Detailed Research Report

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6️⃣ 5. Firmenich SA

Headquarters: Geneva, Switzerland
Key Offering: Natural Cooling Ingredients, Cooling Sensates, Mint Extracts

Firmenich, now part of DSM-Firmenich, is a key player in the creation of memorable sensory experiences. Their cooling agent portfolio is distinguished by its natural orientation and application-specific formulations for the evolving market demands.

Innovation Initiatives:

• Pioneering carbon-neutral cooling ingredient production

• Development of cooling agents for novel product categories

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5️⃣ 6. Takasago International Corporation

Headquarters: Tokyo, Japan
Key Offering: Frescolat® ML (Menthyl Lactate), Coolact™, Natural Menthol

Takasago is a global flavor and fragrance company with a strong technological foundation in cooling chemistry. Their Coolact™ series offers unique cooling sensations with improved solubility and stability profiles for challenging applications.

Innovation Initiatives:

• Advanced purification technologies for high-purity cooling agents

• Expansion in Asian markets with region-specific cooling profiles

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4️⃣ 7. Mane SA

Headquarters: Le Bar-sur-Loup, France
Key Offering: Cooling Flavors, Natural Cooling Extracts, Sensates

Mane SA combines traditional expertise with modern technology to deliver innovative cooling solutions. The company focuses on creating authentic and natural cooling experiences tailored to local consumer preferences across global markets.

Innovation Initiatives:

• Sustainable sourcing of natural cooling agent raw materials

• Development of cooling systems for reduced-sugar formulations

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3️⃣ 8. Robertet SA

Headquarters: Grasse, France
Key Offering: Natural Menthol, Botanically-Derived Coolants, Essential Oils

Robertet SA maintains a strong position in natural ingredients, with a focus on botanically-derived cooling agents. Their vertically integrated supply chain ensures quality and sustainability from source to finished product.

Innovation Initiatives:

• Investment in green extraction technologies for natural coolants

• Partnerships with growers for sustainable raw material supply

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2️⃣ 9. Sensient Technologies Corporation

Headquarters: Milwaukee, Wisconsin, USA
Key Offering: Cooling Flavors, Natural Color & Flavor Systems, Mint Compounds

Sensient Technologies specializes in the integration of cooling sensations with colors and flavors for complete sensory solutions. Their expertise spans both synthetic and natural cooling agents with applications across food, pharmaceutical, and personal care markets.

Innovation Initiatives:

• Development of stable cooling systems for challenging applications

• Expansion of natural cooling agent capabilities through acquisitions

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1️⃣ 10. Treatt PLC

Headquarters: Bury St. Edmunds, United Kingdom
Key Offering: Natural Mint Ingredients, Cooling Distillates, Custom Blends

Treatt PLC focuses on natural, traceable ingredients with a strong emphasis on mint-derived cooling agents. Their strategic shift toward higher-value ingredients positions them well in the growing natural cooling agent segment.

Innovation Initiatives:

• Development of region-specific cooling profiles for global brands

• Investment in sustainable and transparent supply chains

Get Full Report Here: Cooling Agents Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cooling Agents Is Natural and Multifunctional

The cooling agents market is undergoing a significant transformation. While synthetic compounds still dominate in volume, the industry is rapidly shifting toward natural alternatives, biotechnological production methods, and multifunctional formulations.

📈 Key Trends Shaping the Market:

• Accelerated natural cooling agent adoption in regulated markets

• Regulatory push for clean-label and sustainable ingredients

• Digitalization of flavor and sensory profiling

• Cross-industry applications driving innovation in cooling technologies

Get Full Report Here: Cooling Agents Market – View in Detailed Research Report

The companies listed above are not only supplying essential ingredients—they’re pioneering the sensory evolution of consumer products worldwide.