The market size value per capita for mixed odoriferous substances in the Iranian food and drink industries grew from 2013 to 2023, with a notable dip in 2020, likely due to global disruptions. By 2023, the value reached $4.43. Significant year-on-year growth occurred between 2021 and 2023, indicating recovery and renewed market demand. The Compound Annual Growth Rate (CAGR) over the last five years averaged steady growth, suggesting market resilience and potential.
Future trends to watch for:
- Impact of economic policies on consumer purchasing power.
- Innovation in food and drink products influencing odoriferous substance demand.
- Shifts in consumer preferences towards natural and organic substances.
- Potential geopolitical and economic factors affecting imports and market stability.