The market size value per capita of mixed odoriferous substances in Algeria has shown an upward trend from 2013 to 2023, with occasional fluctuations. The value stood at $7.02 in 2023, marking noticeable growth since 2013. The most recent two-year period (2022-2023) exhibited modest growth, with an increase of 2.64% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) was approximately 3.04%.
Future trends to watch for:
- Continued growth driven by increasing demand for processed foods and beverages.
- Potential impacts from shifts in consumer preferences towards natural and organic products.
- Regulatory changes affecting import and use of flavoring substances in the food and beverage industry.