The Odoriferous Substances for the Food or Drink Industries market in Bulgaria has displayed a significant increase in volume over the past decade. By 2023, the market size reached 2.7357 million kilograms. The market saw fluctuations with both increases and decreases; however, the trend is generally upward, with a compound annual growth rate (CAGR) of 4.8% over the last five years. In particular, from 2021 to 2023, the market experienced substantial year-on-year growth.
Future trends to watch for include:
- Increased demand for natural odoriferous substances, aligning with consumer preferences for organic and clean-label products.
- Potential regulatory changes impacting synthetic odoriferous substances, possibly affecting market dynamics.
- Technological advancements improving efficiency and production capability in odoriferous substance manufacturing.
How does Bulgaria rank in Odoriferous Substances for the Food or Drink Industries Market Size Volume?
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 271,160,000 | 2023 | +3.38% | +5.86% | View data |
| 2 | 2 Germany | 71,620,000 | 2023 | +4.57% | +1.92% | View data |
| 3 | 3 France | 40,295,000 | 2023 | +2.75% | +6.92% | View data |
| 4 | 4 Poland | 32,644,000 | 2023 | +1.47% | +0.51% | View data |
| 5 | 5 Austria | 17,809,000 | 2023 | +2.62% | +1.25% | View data |
| 6 | 6 Bulgaria | 2,735,700 | 2023 | +10.03% | +4.8% | |
| 7 | 7 Finland | 2,377,400 | 2023 | -1.57% | -4.58% | View data |
| 8 | 8 Croatia | 2,016,000 | 2023 | +2.13% | +2.81% | View data |
