India probes Givaudan, DSM-Firmenich and IFF over alleged fragrance price collusion
India’s competition regulator is investigating leading fragrance suppliers over alleged price coordination since 2024. The case has been delayed after a draft report was recalled over insufficient redaction of commercial information, according to a CCI document.
What happened
India's CCI is investigating Givaudan, DSM-Firmenich and IFF for alleged fragrance-industry price collusion. A draft investigation report was recalled over
Key facts
- Alleged price collusion since 2024
- CCI document dated July 22
- Investigation report shared in February and recalled in July
- India flavours and fragrances market projected at $5 billion by 2033, up from $2.5 billion in 2024
Why this matters
Strategic buyers should diligence fragrance-sourcing concentration, contractual pricing protections and alternative supplier capacity in consumer-goods targets exposed to the three houses.