The Mixed Odoriferous Substances market for food and drink industries in New Zealand exhibited a steady decline from 2013, when it stood at $32.62 per capita, to $24.5 per capita in 2023. Notably, the year-on-year decrease from 2022 to 2023 was 1.8%, and 2021 to 2022 was 2.0%. The compound annual growth rate (CAGR) over the last five years is approximately -2.7% per year, indicating a consistent downward trend.
Future trends to watch for:
- A potential shift in consumer preferences toward natural flavorings could further impact this market.
- Technological advancements in synthetic biology may offer new growth opportunities in this sector.
- Regulatory changes and sustainability practices could play a critical role in market dynamics.
| # | 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 | ||
| 12 | 12 Poland | 24.65 | 2023 | View data | ||
| 13 | 13 Iceland | 24.53 | 2023 | View data | ||
| 14 | 14 New Zealand | 24.5 | 2023 | |||
| 15 | 15 Italy | 23.32 | 2023 | View data | ||
| 16 | 16 Costa Rica | 20.36 | 2023 | View data | ||
