The market size value per capita for mixed odoriferous substances in the food and drink industry in Thailand has shown a consistent upward trend from 2013 to 2023, reaching $9.63 USD in 2023. Over the past decade, there was a notable increase from a value of $6.99 USD in 2013. Despite a slight dip in 2017, the market recovered and continued to grow, highlighting resilience and growing demand. Year-on-year growth in 2022 and 2023 showed positive trends, reinforcing the market's upward trajectory. The five-year CAGR indicates a steady, moderate growth reflective of market expansion and increasing consumer preference for diverse food and drink aromas.
Future trends to watch for include:
- Growing consumer interest in natural and organic flavoring agents.
- Innovation in sustainable and environmentally friendly odoriferous substances.
- Increased investments in R&D to develop more sophisticated and diverse odor profiles.
- Potential regulatory changes affecting ingredient use and labeling that could impact market growth.
| # | 38 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 73.62 | 2023 | View data | ||
| 2 | 2 Sweden | 49.3 | 2023 | View data | ||
| 3 | 3 Spain | 46.57 | 2023 | View data | ||
| 4 | 4 Canada | 43.75 | 2023 | View data | ||
| 5 | 5 United Kingdom | 43.64 | 2023 | View data | ||
| 24 | 24 Colombia | 11.38 | 2023 | View data | ||
| 25 | 25 Japan | 10.18 | 2023 | View data | ||
| 26 | 26 Thailand | 9.63 | 2023 | |||
| 27 | 27 Argentina | 8.15 | 2023 | View data | ||
| 28 | 28 Jordan | 7.67 | 2023 | View data | ||
