In 2023, the Mixted Odoriferous Substances for Industrial Use market in Brazil stood at 1.1987 Billion US Dollars. This market has seen fluctuating trends over the past decade, with a notable decrease from 2013 to 2015 followed by a relatively stable period from 2016 onwards. Year-on-year variations indicate generally slight negative growth rates for the recent years, with the last two years showing a minimal decline of 0.2% each. The five-year CAGR from 2018 to 2023 averaged a slight decline of 0.26% per year. Looking ahead to 2028, forecasted data suggest a continued slight annual decline with a five-year CAGR of -0.16%, indicating a modest overall decrease by 0.78% over this period.
Future trends to watch for include:
- Changes in industrial demand and applications for odoriferous substances, potentially driven by regulatory shifts.
- Technological advancements in production and use that could impact the market dynamics.
- Economic factors in Brazil that might influence industrial investments and consumption patterns within this sector.
