The market for odoriferous substances in Poland, not related to the food or drink industries, demonstrated a consistent growth from 2013 to 2023, culminating in a market size of 300.01 million Euros in 2023. The annual growth rates fluctuated, with the highest jump observed in 2016 and slowing growth seen in the last two years, marked by year-on-year increases of 3.99% in 2022 and 3.8% in 2023.
The five-year Compound Annual Growth Rate (CAGR) sat at 4.66%, indicating steady but moderate overall market expansion in recent years.
Future trends to watch include innovations in fragrance technology, a continuous shift towards sustainable and eco-friendly products, and the impact of regulatory changes on market dynamics. These factors may drive demand and open new market opportunities.
How does Poland rank in Odoriferous Substances (Excluding Those Used for the Food or Drink Industries) Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 874,910,000 | 2023 | +2.13% | +1.94% | View data |
| 2 | 2 Spain | 630,820,000 | 2023 | +1.97% | +2.1% | View data |
| 3 | 3 Germany | 403,770,000 | 2023 | +4.78% | +3.71% | View data |
| 4 | 4 Italy | 402,790,000 | 2023 | +0.28% | +0.79% | View data |
| 5 | 5 Poland | 300,010,000 | 2023 | +3.8% | +4.66% | |
| 6 | 6 Hungary | 110,750,000 | 2023 | +5.19% | +6.69% | View data |
| 7 | 7 Czech Republic | 103,590,000 | 2023 | +2.38% | +3.14% | View data |
