In 2023, the market volume for odoriferous substances excluding those used for the food or drink industries in Italy stood at an undisclosed level. From 2024 onwards, forecasted data shows a steady growth in market volume, beginning at 26.949 million kilograms in 2024 and reaching 29.876 million kilograms by 2028. This represents a consistent year-on-year percentage increase, with a Compound Annual Growth Rate (CAGR) that reflects solid industry expansion over the five-year period.

Looking ahead, the Italian market for odoriferous substances is expected to be influenced by emerging trends such as:

Increasing consumer demand for diverse and innovative fragrance applications in personal care and home products.
Advancements in sustainable and environmentally friendly production methods.
Regulatory changes impacting synthetic versus natural ingredient usage.
Potential impact of global economic conditions on raw material sourcing and production costs.