Nov 5 (Reuters) - International Flavors & Fragrances ( IFF )

raised its annual sales forecast after beating quarterly

sales on Tuesday, driven by benefits from consistent volume

growth across all its segments.

The company saw an uptick in demand for various categories,

including fragrances and health products, as lower gasoline

prices encouraged discretionary spending, further boosting sales

at packaged food companies.

IFF reported high-single-digit growth in quarterly volumes

across all its businesses.

It expects full-year volumes to rise in the range of 5% to

6%, compared with the prior forecast of a 3% to 5% rise.

Sales in IFF's nourish segment, a major revenue

contributor that provides ingredients and flavor solutions for

food and beverage products, saw sales rise 3% in the reported

quarter, compared with a 15% drop a year ago.

The company expects annual sales to be in the range of $11.3

billion to $11.4 billion, compared to its prior forecast range

of $11.1 billion to $11.3 billion.

For the third quarter, the company posted net sales of $2.93

billion, compared with analysts' average estimate of $2.83

billion, according to data compiled by LSEG.

Shares of the company were marginally down at $99.06 in

extended trading after it missed analysts' estimates for

quarterly adjusted profit.

The company posted a third-quarter adjusted profit of $1.04

per share for the quarter ended Sept. 30, compared with

estimates of $1.08 per share.

Last month, the company sold its nitrocellulose business in

Germany, which serves customers in coatings and printing inks

along with the industrial park where it is located, to the Czech

defence and industrial firm Czechoslovak Group.