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 steady expansion is propelled by increasing applications across the food & beverage, pharmaceutical, and personal care sectors, alongside rising consumer demand for products that deliver refreshing and therapeutic sensations.

As industries from confectionery to clinical therapeutics seek to enhance user experience, the innovators and suppliers of cooling agents are at the forefront of this sensory revolution. This blog profiles the Top 10 Companies in the Cooling Agents Industry—a diverse group of flavor and fragrance giants, specialty chemical producers, and ingredient specialists shaping the future of how we experience coolness.

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🔟 1. Symrise AG

Headquarters: Holzminden, Germany
Key Offering: Natural & Synthetic Cooling Agents, Flavor Modulators, Sensory Solutions

Symrise AG stands as a global leader in the flavors and fragrances sector, with a formidable portfolio of cooling agents derived from both natural and synthetic sources. The company’s Sensory & Nutrition segment leverages deep consumer insights to develop cooling solutions for a wide array of applications, from mint-flavored confectionery to advanced oral care products. Symrise’s 2024 launch of a proprietary plant-based cooling agent underscored its commitment to sustainability and clean-label trends.

Innovation Initiatives:

• Pioneering sustainable, bio-based cooling compound development

• Strategic partnerships with major FMCG brands for customized sensory solutions

• Significant R&D investment in taste modulation and prolonged-release technologies

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9️⃣ 2. Givaudan SA

Headquarters: Vernier, Switzerland
Key Offering: Cooling Ingredients, Taste Solutions, Active Beauty Components

Givaudan is another titan in the flavor and fragrance industry, renowned for its innovative approach to sensory science. The company’s cooling agent portfolio is integral to its taste and wellness divisions, serving the beverage, dairy, and pharmaceutical markets. Its 2023 acquisition of a majority stake in Anhui Yinfeng Pharmaceutical’s cooling agent division significantly bolstered its production capacity and market reach in Asia.

Innovation Initiatives:

• Expansion into nutraceutical and pharmaceutical cooling applications

• Development of cooling agents with additional functional benefits (e.g., anti-inflammatory)

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8️⃣ 3. Firmenich International SA

Headquarters: Geneva, Switzerland (Merged with DSM to form dsm-firmenich)
Key Offering: Natural Cooling Extracts, Advanced Cooling Technologies

Firmenich brings a legacy of perfume and flavor creation to the cooling agents market, with a strong emphasis on natural ingredients. The merger with DSM created a powerhouse in health, nutrition, and bioscience, enabling the development of next-generation cooling solutions for functional foods and beverages. Their expertise lies in creating complex cooling profiles that are both intense and long-lasting.

Innovation Initiatives:

• Focus on citrus- and mint-based natural cooling platforms

• Integration of biotechnology for sustainable ingredient production

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

Headquarters: New York, USA
Key Offering: Comprehensive Cooling Agent Portfolio, Science-based Sensory Solutions

IFF is a global leader created by the merger of IFF and DuPont’s Nutrition & Biosciences unit. The company offers an extensive range of cooling agents, supported by state-of-the-art consumer sensory labs and application expertise. IFF’s solutions are critical for brands looking to create distinctive mint experiences in oral hygiene, sugar-free gum, and refreshing beverages.

Innovation Initiatives:

• Investment in green chemistry for eco-friendly cooling agents

• Development of cooling systems for plant-based meat alternatives

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Cooling Agents Market – View in Detailed Research Report

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6️⃣ 5. Takasago International Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Purity Menthol, Synthetic Coolants, Flavor Enhancers

Takasago is a key player with a strong heritage in mint chemistry and menthol production. The company is a major supplier of high-purity l-menthol and has developed a range of synthetic cooling agents like Frescolat®. Its strong presence in the Asia-Pacific region makes it a crucial supplier for the booming confectionery and oral care markets in this area.

Innovation Initiatives:

• Proprietary technologies for stable and soluble cooling compounds

• Focus on cost-effective solutions for high-volume applications

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5️⃣ 6. Mane SA

Headquarters: Le Bar-sur-Loup, France
Key Offering: Natural Flavor Ingredients, Cooling Sensations, Botanical Extracts

Mane is a family-owned company with a strong focus on natural ingredients and sustainability. Its cooling agent portfolio is heavily weighted towards plant-derived solutions, including a wide variety of mint and eucalyptus extracts. Mane works closely with customers to develop bespoke cooling profiles that meet specific product and marketing needs.

Innovation Initiatives:

• Sustainable sourcing partnerships for key botanicals

• Development of cooling agents for alcoholic beverages and savory applications

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4️⃣ 7. Treatt PLC

Headquarters: Bury St. Edmunds, United Kingdom
Key Offering: Natural Fractionated Oils, Cooling & Tingling Compounds

Treatt specializes in the distillation and fractionation of natural citrus and mint oils, making it a vital supplier of natural cooling ingredients. The company’s ingredient solutions are prized in the beverage industry, particularly for creating authentic and refreshing taste experiences in soft drinks, teas, and wellness beverages without relying on synthetic additives.

Innovation Initiatives:

• Focus on clean-label, recognizable ingredients

• Expansion into aroma chemicals for sophisticated cooling blends

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3️⃣ 8. Robertet SA

Headquarters: Grasse, France
Key Offering: Natural Raw Materials, Essential Oils, Specialty Ingredients

As one of the oldest fragrance and flavor houses in the world, Robertet has unparalleled expertise in natural raw materials. The company’s strength lies in its vertically integrated supply chain for natural ingredients, including key cooling agents like peppermint and spearmint oils sourced from its own farms and partner networks.

Innovation Initiatives:

• Commitment to 100% natural and traceable ingredient sourcing

• Development of organic-certified cooling agents

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2️⃣ 9. Sensient Technologies Corporation

Headquarters: Milwaukee, Wisconsin, USA
Key Offering: Flavors, Fragrances, Color Systems, Including Cooling Sensates

Sensient Technologies is a leading global manufacturer of colors, flavors, and fragrances. Its flavor division includes a robust portfolio of cooling agents used to enhance products across food, beverage, and pharmaceutical categories. Sensient’s application expertise helps clients overcome formulation challenges, such as achieving the right cooling intensity and longevity.

Innovation Initiatives:

• Development of heat-stable cooling agents for baked goods

• Investment in microencapsulation for controlled release

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1️⃣ 10. Bell Flavors & Fragrances

Headquarters: Northbrook, Illinois, USA
Key Offering: Custom Flavor Creations, Natural WONF Flavors, Cooling Components

Bell Flavors & Fragrances is a prominent North American player known for its creative and responsive approach to flavor creation. The company offers a range of standard and custom cooling solutions, with a strong focus on the confectionery and oral care markets. Bell’s technical team excels at tailoring cooling sensations to match specific brand identities and consumer preferences.

Innovation Initiatives:

• Rapid prototyping and custom formulation services

• Expansion of natural flavor capabilities to meet clean-label demand

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Cooling Agents Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cooling Agents Is Natural, Functional, and High-Tech

The cooling agents market is undergoing a significant transformation. While traditional synthetic compounds like WS-23 remain important for their potency and cost-effectiveness, the industry is rapidly pivoting towards sustainable sourcing, natural alternatives, and multifunctional ingredients.

📈 Key Trends Shaping the Market:

• Accelerated demand for plant-based and clean-label cooling ingredients

• Expansion into non-traditional applications like pet care, vaping, and functional textiles

• Advancements in delivery technologies for precise and sustained cooling effects

• Regulatory harmonization efforts impacting synthetic ingredient approval and use

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

The companies profiled above are not only supplying essential ingredients—they are actively defining the sensory experiences of countless everyday products and driving the industry toward a more innovative and sustainable future.