The market volume for odoriferous substances in Bulgaria, excluding those used in the food or drink industries, reached 1.7891 million kilograms in 2023. Over the past decade, the market has generally trended upwards despite occasional dips, growing at a compound annual growth rate (CAGR) of 3.23% over the last five years. From 2021 to 2023, the market rose steadily with a year-on-year increase of 2.48%.
Future trends to watch for:
- Sustained demand for non-food fragrances could drive further market growth.
- Advancements in synthetic fragrances may offer new opportunities.
- Monitoring environmental regulations impacting production processes.
How does Bulgaria rank in Odoriferous Substances (Excluding Those Used for the Food or Drink Industries) Market Size Volume?
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 79,315,000 | 2023 | +6.5% | +3.24% | View data |
| 2 | 2 Italy | 26,199,000 | 2023 | +2.98% | +2.81% | View data |
| 3 | 3 Spain | 23,151,000 | 2023 | -4.52% | -3.23% | View data |
| 4 | 4 Poland | 9,999,800 | 2023 | +1.83% | +0.6% | View data |
| 5 | 5 Hungary | 5,397,400 | 2023 | +4.84% | +4.73% | View data |
| 6 | 6 Bulgaria | 1,789,100 | 2023 | +2.48% | +3.23% | |
| 7 | 7 Denmark | 590,940 | 2023 | +3.86% | +3.06% | View data |
| 8 | 8 Finland | 70,380 | 2023 | -0.38% | -0.48% | View data |
