The mixed odoriferous substances market in Mali witnessed modest growth from 2013 to 2023, starting at $1.08 per capita and reaching $1.22 in 2023. There were fluctuations, notably a dip to $1.01 in 2020 due to potential economic disruptions, followed by a recovery to pre-pandemic levels by 2021. The average CAGR over the past five years indicated a steady annual growth rate, though specific annual variations highlighted a resilience in the market despite occasional setbacks.
Future trends to watch for include:
- Increased adoption of natural and organic ingredients reflecting global consumer preferences.
- Demand shifts possibly driven by changes in socioeconomic conditions post-pandemic.
- Innovation in flavor combinations catering to diverse Malian consumer tastes.
