Between 2013 and 2023, the market for odoriferous substances for the food or drink industries in Greece experienced significant growth, with the market size value reaching 174.81 million euros in 2023. Notably, 2017 and 2021 showed strong growth, while a Covid-induced dip was noted in 2020. The average annual growth rate over the past five years was 3.81%.
Future trends to watch for include:
- Potential recovery and expansion post-Covid economic adjustments.
- The influence of consumer preferences towards natural and sustainable products.
- Regulatory changes impacting product formulations within the industry.
How does Greece rank in Odoriferous Substances for the Food or Drink Industries Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,034,100,000 | 2023 | +0.66% | +1.32% | View data |
| 2 | 2 France | 1,013,900,000 | 2023 | +0.33% | +2.85% | View data |
| 3 | 3 Italy | 571,700,000 | 2023 | +0.22% | +2.72% | View data |
| 4 | 4 Spain | 528,100,000 | 2023 | +4.91% | +2% | View data |
| 5 | 5 Poland | 502,970,000 | 2023 | +3.69% | +3.51% | View data |
| 6 | 6 Romania | 279,890,000 | 2023 | +5.17% | +5.43% | View data |
| 7 | 7 Greece | 174,810,000 | 2023 | +1.63% | +3.81% | |
| 8 | 8 Finland | 89,256,000 | 2023 | +1.89% | +4.06% | View data |
| 9 | 9 Bulgaria | 49,914,000 | 2023 | +1.57% | +3.6% | View data |
