The final months of 2021 have been marked with an incredible amount of expansions across the globe in the F&F space, from virtual platforms to investments in brand new facilities to buildout of current production plants.
Companies have taken flight to new countries, strengthened their roots where they started and come up with innovative ways to engage with customers and consumers. Here’s a recap of recent F&F facility expansions over the last few months.
Virtual Ventures
According to Grand View Researcha, the global e-commerce market size is expected to grow at CAGR of 14.7% from 2020 to 2027.
Given this fragrance boom in the e-commerce market, the industry has witnessed a surge in companies investing in virtual production spaces.
References:
awww.grandviewresearch.com/industry-analysis/e-commerce-market
For the full article, please check out the Perfumer & Flavorist+ February 2022 issue.
