Between 2013 and 2023, the market size value per capita for mixed odoriferous substances for industrial use in Brazil decreased from $6.4 to $5.49. Observing the year-on-year changes over the last two years, there was a reduction of about 1.07% from 2021 to 2022 and a further reduction of 1.08% from 2022 to 2023. Over the past five years, the compound annual growth rate (CAGR) has been negative, marking a decline of approximately 0.37% annually on average.
Future trends to watch for in this market include:
- Technological advancements in fragrance production that can influence cost-effectiveness and quality.
- Shifts towards sustainable and natural ingredients driven by consumer preferences and regulatory changes.
- Potential economic recovery or downturn impacting industrial demand and investment in Brazil.
| # | 44 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 84.24 | 2023 | View data | ||
| 2 | 2 Spain | 75.43 | 2023 | View data | ||
| 3 | 3 Germany | 60.69 | 2023 | View data | ||
| 4 | 4 United Kingdom | 60.64 | 2023 | View data | ||
| 5 | 5 Canada | 58.31 | 2023 | View data | ||
| 41 | 41 Belarus | 6.09 | 2023 | View data | ||
| 42 | 42 Morocco | 5.66 | 2023 | View data | ||
| 43 | 43 Brazil | 5.49 | 2023 | |||
| 44 | 44 Uganda | 4.88 | 2023 | View data | ||
