The Mixed Odoriferous Substances market for the food and drink industries in Canada increased from $32.67 in 2013 to $43.75 per capita by 2023. From 2022 to 2023, this represents a year-on-year growth of 1.65%. The compound annual growth rate (CAGR) over the last five years, from 2018 to 2023, stood at 1.61%, showing a steady and gradual increase.
Future trends to watch for include shifts in consumer preferences towards natural and organic odoriferous substances, as well as possible regulatory changes impacting synthetic varieties. Companies should be prepared for potential disruptions and innovations in sustainable sourcing and production methods.
