World market industry consolidation

Close on the heels of IFF is the Unilever group, which developed in the field through acquisitions. After consolidating in 1983 its three perfume and flavor subsidiaries—PPL, Food Industries, and Bertrand Freres—to form PPF International, the group acquired a foothold in the U.S. market in 1984 with Norda. Three years later it merged PPF with Holland s Naarden, which was on the decline. Called Quest International (Unilever) the new company accounts for over 7 percent of the world market in its area. 

The heavy reliance on an increasingly consolidated and highly competitive multinational drug industry to generate new medicines has left the development of medicines subject to market forces. As a result the developing world, which accounts for 80 per cent of the world s population, represents barely 20 per cent of drug sales (Trouiller et al. 2001). 

During the 1990s, the uranium production industry was consolidated by takeovers, mergers, and closures. In 2012, the eight mining companies with over 20001 output (marketable share of production) accounted for 82% of world mine production (Table 10.4). 

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