Between 2013 and 2023, Austria's market for mixed odoriferous substances for food and drink industries showed a general growth trend, despite some fluctuations. By 2023, its value per capita reached 31.41 USD. A noticeable decrease occurred in 2017 and 2020, primarily due to external economic factors. Over the last two years, the market value demonstrated a decline of 0.49% in 2022 and 0.48% in 2023. Despite this recent decline, the compound annual growth rate (CAGR) over the last five years was approximately -0.14%.
Future trends to watch for include:
- Potential economic recovery boosting consumer spending.
- Increasing demand for natural and health-conscious flavoring solutions.
- Innovation in product formulations per consumer health trends.
| # | 38 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 73.62 | 2023 | View data | ||
| 2 | 2 Sweden | 49.3 | 2023 | View data | ||
| 3 | 3 Spain | 46.57 | 2023 | View data | ||
| 4 | 4 Canada | 43.75 | 2023 | View data | ||
| 5 | 5 United Kingdom | 43.64 | 2023 | View data | ||
| 7 | 7 Uruguay | 40.88 | 2023 | View data | ||
| 8 | 8 Netherlands | 31.81 | 2023 | View data | ||
| 9 | 9 Austria | 31.41 | 2023 | |||
| 10 | 10 Oman | 26.38 | 2023 | View data | ||
| 11 | 11 Australia | 25.49 | 2023 | View data | ||
