The Mixted Odoriferous Substances for Industrial Use Market in Japan has shown a decreasing trend from 2013 to 2023, with the value reaching 2.1475 billion USD in 2023. Over the past decade, the market has experienced fluctuations, notably a high growth rate in 2016 but consistent declines since 2017.
- The year-on-year decreases for 2022 and 2023 were -2.93% and -2.96% respectively.
- The CAGR over the last five years is -3.27%, indicating an overall decline.
Future trends in this market may include an increased focus on sustainable and innovative odoriferous solutions as industries seek to comply with environmental regulations and customer preferences evolve, potentially stabilizing or revitalizing market growth.
| # | 44 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,055,500,000 | 2023 | +2.89% | +2.01% | View data |
| 2 | 2 United Kingdom | 4,265,800,000 | 2023 | +0.86% | -1.74% | View data |
| 3 | 3 Spain | 3,670,400,000 | 2023 | +0.57% | -0.064% | View data |
| 4 | 4 Indonesia | 3,098,600,000 | 2023 | +4.12% | +5.66% | View data |
| 5 | 5 Italy | 2,660,800,000 | 2023 | -1.25% | -1.42% | View data |
| 6 | 6 Canada | 2,237,600,000 | 2023 | +2.39% | +2.53% | View data |
| 7 | 7 Japan | 2,147,500,000 | 2023 | -2.96% | -3.27% | |
| 8 | 8 Poland | 1,592,500,000 | 2023 | +1.72% | +0.33% | View data |
| 9 | 9 Thailand | 1,521,500,000 | 2023 | +1.85% | +1.2% | View data |
