The market for odoriferous substances in the food or drink industries in Croatia experienced fluctuations from 2013 to 2023, starting at 1.73 million kilograms and reaching 2.02 million kilograms by 2023. The last two years showed moderate growth, with 2022 and 2023 seeing year-on-year increases of 2.2% and 2.13%, respectively. Over the last five years, the compound annual growth rate (CAGR) was 2.81%, indicating a stable upward trend.
Looking into the future, trends to watch for include:
- Potential for innovation in the flavor and fragrance sector.
- Growing consumer demand for natural and sustainable ingredients.
- Regulatory changes impacting ingredient sourcing and production methods.
- Technological advancements in extraction and manufacturing processes.
How does Croatia rank in Odoriferous Substances for the Food or Drink Industries Market Size Volume?
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 271,160,000 | 2023 | +3.38% | +5.86% | View data |
| 2 | 2 Germany | 71,620,000 | 2023 | +4.57% | +1.92% | View data |
| 3 | 3 France | 40,295,000 | 2023 | +2.75% | +6.92% | View data |
| 4 | 4 Poland | 32,644,000 | 2023 | +1.47% | +0.51% | View data |
| 5 | 5 Austria | 17,809,000 | 2023 | +2.62% | +1.25% | View data |
| 6 | 6 Bulgaria | 2,735,700 | 2023 | +10.03% | +4.8% | View data |
| 7 | 7 Finland | 2,377,400 | 2023 | -1.57% | -4.58% | View data |
| 8 | 8 Croatia | 2,016,000 | 2023 | +2.13% | +2.81% |
