Rediff
 
Mumbai, Aug 16: Globally, the flavours and fragrances form a $17.8-billion industry of which the top five players are Givaudan, International Flavors & Fragrances, Firmenich, Symrise and Quest International.

These five companies have a substantial presence in the Indian market, along with competition from Indian F&F houses like SH Kelkar, Sachee Aromatics and Oriental Flavors & Fragrances. The Indian F&F market is estimated at around $225 million.

"The word 'perfume' comes from the Latin per fume 'through smoke.' One of the oldest uses of perfumes was in the form the burning of incense and aromatic herbs used in religious services, often the aromatic gums, frankincense and myrrh, gathered from trees.

The Egyptians were the first clan to use perfume followed by the ancient Chinese, Hindus, Israelites, Carthaginians, Arabs, Greeks, and Romans.

The Egyptians invented glass and perfume bottles were one of the first common uses for glass.

Clive Christian's Imperial Majesty: Price $215,000

British designer Clive Christian's creation has recently been voted in the Guiness Book of World Records the most expensive perfume in the world. The 16.9-ounce perfume bottle is stuck into the 18-carat gold collar that is adorned with a five-carat diamond. Only five bottles are made annually, justifying the eye-popping price.