The forecast for the UK sold production of mixtures of odoriferous substances not used in the food or drink industries reveals a steady upward trend from 2024 to 2028, with production growing from 33.534 million kilograms in 2024 to 35.107 in 2028. In 2023, the base year for these projections, the actual production was slightly lower, marking the beginning of this growth trajectory.
The year-on-year percentage change indicates a consistent increase, suggesting a robust industry recovery and expansion. The compound annual growth rate (CAGR) over the projected five-year period reflects a healthy annual increase.
Future trends worth monitoring include technological advancements in fragrance production, potential regulatory changes, and evolving consumer preferences towards sustainable and natural ingredients, which could influence production dynamics significantly.
