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Based on our studies, there are nearly 1000 perfumery companies in all around of the world. Although early civilized and old countries have had significant contribution in fragrance industries, but some countries are founder of modern fragrance industry. Grasse, a city in France, is named as the perfume capital of the world. There are around 80 perfume factory in this city. However, top ten fragrance companies of the world possess around 75 percent of the global market, meaning that the global perfume industry is governed exclusively by these giants. Givaudan, Firmenich, IFF, Symrise, and Takasago own 62 percent of the global market. Therefore, the competition in this industry is huge and it is very difficult to overcome these giant rivals. We hope that once we see a company from our country within the globally top companies of this industry.
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