In 2023, the market size value for mixed odoriferous substances for the food and drink industries in Bolivia stood at $52.52 million USD. Observing a year-on-year growth of 3.17% in 2023, the market showed a stabilizing trend, following a steady increase from 2018 to 2022, where growth rates fluctuated but remained positive. The 5-year compound annual growth rate (CAGR) until 2023 was recorded at 2.07%, indicating moderate market expansion.
Future trends to watch for include advancements in natural and organic ingredients, growing consumer demand for diverse flavors, and the potential impact of regulatory changes on market dynamics. Additionally, sustainability and clean-label trends could further influence product formulation and consumer preferences.
How does Bolivia rank in Mixed Odoriferous Substances for the Food and Drink Industries Market Size Value?
| # | 41 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,016,200,000 | 2023 | +0.29% | -0.37% | View data |
| 2 | 2 Spain | 2,197,100,000 | 2023 | +0.12% | -1.01% | View data |
| 3 | 3 Canada | 1,678,600,000 | 2023 | +1.95% | +1.93% | View data |
| 4 | 4 Italy | 1,347,400,000 | 2023 | -2.5% | -2.73% | View data |
| 5 | 5 Japan | 1,278,400,000 | 2023 | -3.11% | -1.97% | View data |
| 30 | 30 Costa Rica | 103,960,000 | 2023 | +1.16% | +0.94% | View data |
| 31 | 31 Jordan | 78,798,000 | 2023 | +6.56% | +4.34% | View data |
| 32 | 32 Bolivia | 52,520,000 | 2023 | +3.17% | +2.07% | |
| 33 | 33 El Salvador | 45,671,000 | 2023 | +2.29% | +2.28% | View data |
| 34 | 34 Botswana | 44,618,000 | 2023 | +3.83% | +3.01% | View data |
