The market size value per capita for mixed odoriferous substances in the food and drink industry in Latvia demonstrated significant growth. As of 2023, it reached $16.08. Notable is the steady annual growth, with 2020 showing a minor dip from $13.99 in 2019 to $13.71. In the last two years, we observed increases of 5.75% in 2022 and 5.10% in 2023. Over the last five years, the compound annual growth rate stands at a robust 5.92%, reflecting a strong upward trend.
Future trends indicate a continued growth trajectory, driven by innovation in flavor enhancement, increased dietary variety, and demand for premium ingredients in Latvia's food and beverage industry.
| # | 38 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 73.62 | 2023 | View data | ||
| 2 | 2 Sweden | 49.3 | 2023 | View data | ||
| 3 | 3 Spain | 46.57 | 2023 | View data | ||
| 4 | 4 Canada | 43.75 | 2023 | View data | ||
| 5 | 5 United Kingdom | 43.64 | 2023 | View data | ||
| 19 | 19 Hungary | 18.4 | 2023 | View data | ||
| 20 | 20 Israel | 16.13 | 2023 | View data | ||
| 21 | 21 Latvia | 16.08 | 2023 | |||
| 22 | 22 Chile | 12.8 | 2023 | View data | ||
| 23 | 23 Estonia | 11.85 | 2023 | View data | ||
