Aug 6 (Reuters) - International Flavors & Fragrances ( IFF )

beat market expectations for second-quarter revenue and

lifted full-year sales forecast on Tuesday, helped by steady

demand for its fragrance and wellness solutions and higher

product pricing.

The food ingredients maker, like several other

consumer-faced companies such as Kraft Heinz and Hershey, has

hiked product prices to help protect profits from costs tied to

labor and manufacturing.

Resilient demand in the scent and health solutions segment

has helped the chemicals company to offset pressure on its food

ingredients business, as consumers continued to focus on health

and wellness despite a tough macroeconomic environment.

Shares of New York-based company were up 4.2% in trading

after the bell.

For the second quarter, the company posted net sales of

$2.89 billion, compared with analysts' average estimate of $2.83

billion, according to LSEG data.

The company expects annual sales to be in the range of $11.1

billion to $11.3 billion. IFF previously expected 2024 sales to

trend towards higher-end of $10.8 billion and $11.1 billion

range.

The company, which provides ingredients and flavor solutions

for food and beverage products, said it expects full-year

volumes to be in the range of 3% to 5%, compared with prior

forecast of flat to 3%.