The import of mixed odoriferous substances used in the food or drink industries to the US is forecasted to grow modestly from 2024 to 2028. In 2023, the volume stood at 60 million kilograms. From 2024 onwards, a steady year-on-year increase is observed, with volumes rising to 61.713 million kilograms by 2025 and reaching 63.646 million kilograms by 2028. The annual growth rate is approximately 1%, as indicated by the compound annual growth rate (CAGR) over this period.
Future trends to watch for include changes in consumer preferences towards natural and organic flavors, regulatory impacts on flavor and fragrance imports, and potential fluctuations in global supply chains that may affect the volume and value of imports. Additionally, technological advancements in synthetic biology could influence the sourcing and production of flavoring substances.
