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 (2025–2032). This growth is being driven by the expanding processed food and beverage sector, the rising demand for therapeutic pharmaceutical formulations, and the accelerating adoption of natural and sustainable ingredients across consumer goods industries.

As the demand for refreshing, functional, and sensorial experiences grows, the focus turns to the key ingredient suppliers who are pioneering new compounds and applications. In this blog, we profile the Top 10 Companies in the Cooling Agents Industry—a blend of flavor and fragrance giants, chemical specialists, and natural ingredient innovators defining the future of sensory product development.

---

🔟 1. Symrise AG

Headquarters: Holzminden, Germany
Key Offering: Natural and Synthetic Cooling Agents, Flavor Modulators

Symrise AG is a global leader in the flavor and fragrance industry, with a dominant position in cooling agent solutions. Its comprehensive portfolio includes powerful synthetics like WS-23 and a wide range of natural extracts derived from mint and eucalyptus. The company serves major multinational clients in the food, beverage, and personal care sectors, leveraging deep R&D capabilities to create customized cooling profiles.

Innovation Initiatives:

• Pioneering plant-based cooling agents through advanced extraction technologies

• Strategic partnerships with beverage companies for sugar-reduction solutions

• Committed to 100% sustainable sourcing of natural raw materials by 2030

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

---

9️⃣ 2. Givaudan SA

Headquarters: Geneva, Switzerland
Key Offering: Cooling Sensates, Natural Mint Oils, Taste Solutions

Givaudan is a key player in the sensory science sector, offering sophisticated cooling agent systems for taste and wellness applications. The company integrates cooling sensations into holistic flavor experiences, particularly for oral care, confectionery, and functional beverages. Its acquisition of Naturex significantly bolstered its natural ingredient portfolio, enhancing its capabilities in botanical cooling extracts.

Innovation Initiatives:

• Development of sustained-release cooling technologies for long-lasting effect

• Expansion of clean-label cooling solutions for health-conscious consumers

---

8️⃣ 3. Firmenich International SA

Headquarters: Geneva, Switzerland
Key Offering: Dynarome® cooling agents, Natural Flavor Ingredients

Firmenich, now part of DSM-Firmenich, is renowned for its innovative cooling compounds under the Dynarome® brand. These high-purity synthetics are known for their clean cooling profile without menthol-like side notes. The company excels in creating cooling solutions for challenging applications, including hot-fill beverages and baked goods where thermal stability is crucial.

Innovation Initiatives:

• Investment in biotechnology for fermentation-derived cooling molecules

• Collaboration with pharmaceutical companies on topical pain relief formulations

---

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

Headquarters: New York, USA
Key Offering: CoolTek® ingredients, Natural Flavor Enhancers

IFF offers a diverse portfolio of cooling agents through its legacy Frutarom and DuPont Nutrition & Biosciences integrations. The company’s CoolTek® technology platform provides a range of cooling sensations from immediate to long-lasting, serving applications from gum and candy to oral hygiene and over-the-counter medicines. Its global scale ensures consistent supply to consumer packaged goods manufacturers worldwide.

Innovation Initiatives:

• Development of cooling agents with masking properties for functional ingredients

• Sustainability programs focused on water-efficient mint cultivation

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

---

6️⃣ 5. Takasago International Corporation

Headquarters: Tokyo, Japan
Key Offering: Cooling compounds, Mint flavors, Pharmaceutical ingredients

Takasago is a major force in the Asian cooling agents market, with strong expertise in both synthetic chemistry and natural extraction. The company has developed proprietary cooling molecules that are widely used in Japanese and Korean functional foods and cosmetics. Its strength lies in creating subtle, sophisticated cooling effects that align with regional taste preferences.

Innovation Initiatives:

• Focus on cooling agents for high-growth Asian beverage categories

• R&D in cooling-texture combinations for novel food experiences

---

5️⃣ 6. Mane SA

Headquarters: Le Bar-sur-Loup, France
Key Offering: Natural cooling extracts, Flavor creation solutions

Mane is a family-owned flavor and fragrance company with a strong emphasis on natural ingredients. Its cooling agent portfolio is heavily weighted toward plant-derived solutions, including exclusive partnerships with mint growers for premium quality oils. The company is particularly skilled at creating cooling systems for natural and organic product lines where synthetic ingredients are restricted.

Innovation Initiatives:

• Development of region-specific cooling profiles for global brands

• Investment in green chemistry for sustainable cooling agent production

---

4️⃣ 7. Robertet SA

Headquarters: Grasse, France
Key Offering: Natural aroma chemicals, Essential oils, Botanical extracts

Robertet maintains a strong position in the natural cooling agents segment through its mastery of plant extraction and purification. As one of the oldest fragrance houses, the company has extensive experience with menthol and other cooling terpenes. Its vertically integrated operations from farm to finished product ensure quality control and traceability, which is increasingly important for natural claims.

Innovation Initiatives:

• Preservation of heirloom mint varieties for unique sensory properties

• Expansion of organic-certified cooling ingredient offerings

---

3️⃣ 8. Treatt PLC

Headquarters: Bury St. Edmunds, United Kingdom
Key Offering: Natural flavor ingredients, Citrus and Mint extracts

Treatt specializes in natural ingredient solutions derived from citrus and mint sources, making it a significant supplier of natural cooling compounds. The company’s ingredient technology focuses on solving formulation challenges in beverages, particularly in the growing category of alcohol-free and low-sugar drinks where cooling sensations enhance perceived freshness and quality.

Innovation Initiatives:

• Development of water-soluble natural cooling extracts for clear beverages

• Sustainable sourcing initiatives for mint and eucalyptus raw materials

---

2️⃣ 9. Advanced Biotech

Headquarters: Totowa, New Jersey, USA
Key Offering: Natural aroma chemicals, Cooling sensates

Advanced Biotech is a US-based supplier of natural flavor and fragrance ingredients, with a focus on clean-label solutions. The company produces nature-identical cooling compounds through advanced processing techniques that meet regulatory requirements for natural classification in key markets. Its strength lies in serving the North American market where natural claims are increasingly important.

Innovation Initiatives:

• Expansion of natural cooling agent portfolio for plant-based product trends

• Investment in analytical capabilities for ingredient authentication

---

1️⃣ 10. Beijing Lys Chemicals Co., Ltd.

Headquarters: Beijing, China
Key Offering: Synthetic cooling agents, Menthol derivatives

Beijing Lys Chemicals is a leading Chinese manufacturer of synthetic cooling compounds, supplying both domestic and international markets. The company’s cost-effective production capabilities make it a key supplier for price-sensitive applications in oral care, tobacco, and pharmaceuticals. Its strategic location in China provides advantages in serving the rapidly growing Asia-Pacific market.

Innovation Initiatives:

• Development of high-purity synthetic cooling agents for pharmaceutical use

• Expansion of manufacturing capacity to meet global demand growth

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

---

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

The cooling agents market is experiencing a significant transformation. While synthetic compounds still dominate in volume due to cost and consistency advantages, the industry is rapidly investing in natural alternatives, advanced delivery systems, and multifunctional ingredients that deliver benefits beyond cooling sensations.

📈 Key Trends Shaping the Market:

• Accelerated shift toward plant-based and clean-label cooling solutions

• Growing pharmaceutical applications in pain management and drug delivery

• Innovation in sustained-release technologies for prolonged cooling effects

• Expansion into non-traditional applications like pet care and cannabis products

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

The companies profiled above are not only supplying essential ingredients—they’re driving the sensory innovation that defines next-generation consumer products across multiple industries.