Global fragrance fragrance market rebounded strongly

Due to the strong growth in demand from emerging markets such as Asia and Latin America, the global fragrance and fragrance market rebounded strongly, and the performance of manufacturers has improved significantly.

The industry expects this momentum will continue until 2011, but the growth rate will slow to normal levels.

The world’s largest fragrance and spice manufacturer, Givaudan Switzerland, saw sales revenue increase by 10% year-on-year to 3.3 billion Swiss francs (3.3 billion U.S. dollars) in the first nine months of this year. The sharp increase in sales revenue in the first nine months of this year was mainly due to Stimulated by strong growth in demand in developing markets.

International Fragrance Company (IFF) stated that in the third quarter, the company’s net profit increased significantly by 46% year-on-year to US$77 million, and sales revenue increased by 10% year-on-year to US$673 million.

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