The Mixed Odoriferous Substances market for the Food and Drink industries in Austria saw fluctuations over the past decade. The market consistently grew from 2013 to 2016, followed by a dip in 2017 and a recovery in 2018. In subsequent years, the market experienced minor fluctuations, ending at $283.02 million in 2023, showcasing a moderate yet unstable trend. Over the last two years, the market declined slightly, with a year-on-year decrease noted in each year. The five-year compound annual growth rate reveals a nearly flat performance, providing evidence of a stagnant market environment compared to the earlier decade.
Future trends to watch include potential market shifts driven by evolving consumer preferences for natural ingredients and the influence of regulatory changes geared towards sustainability. Additionally, emerging technologies in food production or possible economic uncertainties in the region could impact the sector's growth trajectory.
How does Austria rank in Mixed Odoriferous Substances for the Food and Drink Industries Market Size Value?
| # | 41 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,016,200,000 | 2023 | +0.29% | -0.37% | View data |
| 2 | 2 Spain | 2,197,100,000 | 2023 | +0.12% | -1.01% | View data |
| 3 | 3 Canada | 1,678,600,000 | 2023 | +1.95% | +1.93% | View data |
| 4 | 4 Italy | 1,347,400,000 | 2023 | -2.5% | -2.73% | View data |
| 5 | 5 Japan | 1,278,400,000 | 2023 | -3.11% | -1.97% | View data |
| 14 | 14 Sweden | 503,840,000 | 2023 | +5.1% | +4.38% | View data |
| 15 | 15 Argentina | 353,530,000 | 2023 | -2.97% | -4.6% | View data |
| 16 | 16 Austria | 283,020,000 | 2023 | -0.12% | -0.28% | |
| 17 | 17 Chile | 246,110,000 | 2023 | +2.06% | +1.76% | View data |
| 18 | 18 Peru | 245,470,000 | 2023 | +1.11% | +2.24% | View data |
