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Perfumes

What is the perfume sector?

The perfume sector is one of the most advantageous and time-honoured segments of the cosmetics industry. It is a segment that focuses on perfumes and fragrances. Perfumes are generally divided into two categories. These include fine fragrances and consumer fragrances. The first category often represents leading designer brands. It is used for personal use. Manufacturers use consumer fragrances in shampoos, soaps, and other personal care products. The sector also includes services related to fragrances. Among them is the manufacture, promotion, distribution, and sale of such goods. It results in an industry that spans thousands of brands and companies.

Is the sector extensive?

It is a time-honoured segment with an extensive network. It is due to the different materials used in perfumes. For example, there are links to the chemical, agricultural and packaging industries. Likewise, there are links to the cosmetics, beauty, and lifestyle industries. It is also linked to the retail, fashion, and laboratory sectors. It results in an industry that directly and indirectly employs millions of professionals.

Is the sector of high value and innovative?

The perfume sector, as already mentioned, is of high value. For example, it is estimated to have reached a market size between $50.46 billion and $87.83 billion in recent years. The segment often conducts research into challenges and trends. It also generally implements innovations. These are displayed during annual trade expositions that attract hundreds of participants.