The forecast for the production of mixtures of odoriferous substances not used in the food or drink industries in Italy indicates a steady growth trajectory from 2024 to 2028. Starting from a projection of 72.876 million Euros in 2024, the value is anticipated to rise to 78.449 million Euros by 2028. This reflects a year-on-year increment, with estimated increases of approximately 1.7% annually. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 1.9%, highlighting consistent market expansion.
Future market trends to watch include technological advancements in fragrance composition and potential regulatory changes affecting the industry. Additionally, evolving consumer preferences towards eco-friendly and sustainable products might impact production approaches and marketing strategies.
