In 2023, the market size volume for odoriferous substances in the French food and drink industry stood at an estimated figure slightly under 41 million kilograms. From 2024 to 2028, the forecast predicts a consistent upward trajectory, marking an annual volume growth averaging around 2.4%. Year-on-year increases display a stable rise, reinforcing a robust demand trend in the sector. Over this five-year span, the compound annual growth rate (CAGR) reflects the continued expansion and dependence on these substances in food and drink production.
Future trends to watch for include potential shifts in consumer preferences towards natural and organic ingredients within odoriferous substances. Additionally, regulatory changes and sustainability concerns may drive innovation and alternative sourcing strategies in the industry. Monitoring technological advancements and market entry of new players could also influence competitive dynamics and market share distribution among existing firms.
