Thailand set for foreign investment surge in fragrance oil

A surge in foreign investment in Thailand’s fragrance oil and aroma compound production is anticipated, which could boost the nation’s cosmetics industry, according to the Federation of Thai Industries (FTI). This follows a decision by a French firm to produce fragrance oil from Thai flowers, a move that showcases the country’s potential as a hub for the health and beauty sector, said Ketmanee Lertkitcha, FTI’s Health and Beauty Sector Chairperson.

“Thailand’s unique floral scents are in high demand globally, making it an attractive prospect for foreign firms looking to invest in fragrance oil production.”

Thailand’s rich raw materials make it an ideal location for developing the health and beauty industry. The government’s promotion of bio-, circular, and green economic development aligns well with the circular beauty trend in the cosmetics industry, a process…