In 2023, the sold production of mixtures of odoriferous substances used in the food or drink industries in Italy stood at 24.052 million kilograms. Forecasted figures from 2024 to 2028 show a gradual increase, indicating a stable growth trend with values starting at 24.398 million kilograms in 2024 and reaching 25.684 million kilograms by 2028. The year-on-year growth from 2024 to 2028 remains consistent, hovering around 1.34% to 1.53% incrementally. Over the entire forecasted period, the compound annual growth rate (CAGR) is anticipated to be approximately 1.29%.
Future trends to watch for include:
- Potential influences from regulatory changes in food safety and composition standards.
- Increased demand for natural and organic flavoring substances.
- Impacts of technological advancements in production methods.
- Shifts in consumer preferences towards plant-based beverages and foods.
