Perfumes and fragrance oils have become an inseparable part of our life as they help us make a lasting first impression, boost confidence,help us feel fresh all day long and makes us smell good all the time.
FOR IMMEDIATE RELEASE | 02/09/2019 |
Perfumes and fragrances have been termed as one of the most used beauty products in ancient Egypt and other parts of the world and have been used since centuries. Perfumes and fragrance oils have become an inseparable part of our life as they help us make a lasting first impression, boost confidence,help us feel fresh all day long and makes us smell good all the time.
Indian Fragrance Industry :
In 2018, the fragrance industry occupied a 5 percent share of the total lifestyle market in our country. In 2017, Indian perfumes and deodorants market stood at $790 million and is anticipated to grow at a CAGR of around 17% in order to reach $2.4 billion by 2024, thanks to the increasing urban population and development of on-line retail.
Recent developments in this sector:
In today's time, due to rising awareness of the people against the cruelty done on animals by fragrance industry around the world has prompted many manufacturers to formulate perfumes without any kind of animal-derived ingredients. These are not even tested on animals and are completely cruelty-free.
Recently, many perfumes makers have taken things to a whole new level as they are creating perfume by utilizing the DNA blueprint of a person. Due to this, no two persons will ever have the same smell again.
Many manufacturers based across the globe are introducing unisex perfumes in the market. This has made the fragrance industry one of the gender-neutral segments in the beauty sector.
In recent years, there has been an interest of the masses towards green movement, which has encouraged many manufacturers to make perfumes that contain only natural ingredients.
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Organisation Profile:
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