The import of mixed odoriferous substances for India's food and drink industry is projected to steadily increase from $67.304 million in 2024 to $77.008 million in 2028. In 2023, the import value stood at $65.0 million, indicating a consistent upward trend. Year-on-year analysis shows a growth rate of approximately 3.7% annually from 2024 to 2028, reflecting increasing demand and reliance on these substances. Over this five-year period, the compound annual growth rate (CAGR) is estimated at around 3.5%.
Future trends to monitor include changes in consumer preferences towards natural and organic fragrance additives, regulatory shifts, and potential disruptions in global supply chains that may impact import levels. Monitoring industry innovations and local market production can provide further insights into these import dynamics.
