Odoriferous Substances (Excluding Those Used for the Food or Drink Industries) Market Size Value in Spain

In 2023, the market size for odoriferous substances in Spain, excluding those used for the food or drink industries, stood at €630.82 million. Over the past decade, the market exhibited growth with noteworthy volatility. The growth rate peaked in 2018 with a year-on-year increase of 16.6%, but slumped by 4.5% in 2020, likely due to market disruptions. In recent years, the market recorded modest growth, with a year-on-year increase of 1.97% in 2023. The compound annual growth rate (CAGR) over the last five years was 2.1%.

Future trends to watch include:

  • Increasing demand for niche and natural products.
  • Rising consumer awareness towards sustainable and eco-friendly products.
  • Potential regulation changes impacting chemical compositions.

How does Spain rank in Odoriferous Substances (Excluding Those Used for the Food or Drink Industries) Market Size Value?

# 10 Countries Euros Last Year YoY 5-years CAGR
1 1 France 874,910,000 2023 +2.13% +1.94% View data
2 2 Spain 630,820,000 2023 +1.97% +2.1%
3 3 Germany 403,770,000 2023 +4.78% +3.71% View data
4 4 Italy 402,790,000 2023 +0.28% +0.79% View data
5 5 Poland 300,010,000 2023 +3.8% +4.66% View data

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