In 2023, the European odoriferous substances market, excluding those for food or drink industries, showed France leading with a value share of 30.16 euros, followed by Spain (21.74 euros), Germany (13.92 euros), and Italy (13.88 euros). Poland, Hungary, and the Czech Republic had smaller shares, while Greece, Portugal, and Denmark trailed.
Year-on-year growth varied with notable gains in Denmark (7.03%) and Hungary (6.69%), suggesting positive trajectories in these markets. Germany saw a 3.71% increase, highlighting its expanding market presence. Overall, substantial growth is evident in Eastern Europe, particularly Poland.
Looking ahead, anticipate further expansion driven by evolving consumer preferences for premium products, sustainability trends, and technological advancements in extraction and synthesis processes. Watch for increased demand in niche markets and potential regulatory impacts affecting production and distribution dynamics.
Top countries in Odoriferous Substances (Excluding Those Used for the Food or Drink Industries) Market Size Value Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 30.16 | 2023 | +2.13% | +1.94% | View data |
| 2 | 2 Spain | 21.74 | 2023 | +1.97% | +2.1% | View data |
| 3 | 3 Germany | 13.92 | 2023 | +4.78% | +3.71% | View data |
| 4 | 4 Italy | 13.88 | 2023 | +0.28% | +0.79% | View data |
| 5 | 5 Poland | 10.34 | 2023 | +3.8% | +4.66% | View data |
| 6 | 6 Hungary | 3.82 | 2023 | +5.19% | +6.69% | View data |
| 7 | 7 Czech Republic | 3.57 | 2023 | +2.38% | +3.14% | View data |
| 8 | 8 Greece | 1.43 | 2023 | +4.04% | +3.37% | View data |
| 9 | 9 Portugal | 0.73 | 2023 | +1.42% | +1.48% | View data |
| 10 | 10 Denmark | 0.4 | 2023 | +5.59% | +7.03% | View data |
