The market size of odoriferous substances in France, excluding those used for the food or drink industries, increased to 874.91 million Euros in 2023. The past two years witnessed a steady upward trend with a 2.2% increase in 2022 followed by a 2.13% rise in 2023. Analyzing the five-year compound annual growth rate, the market saw an average yearly increase of 1.94%. This indicates a consistent recovery post-2020's decline and highlights resilience in demand.
Future trends to watch for include innovation in sustainable and environmentally friendly products, increasing regulatory standards, and potential shifts in consumer preferences towards natural and organic ingredients. Additionally, manufacturers might prioritize efficiency and cost management in response to fluctuating raw material prices and global economic conditions.
How does France rank in Odoriferous Substances (Excluding Those Used for the Food or Drink Industries) Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 874,910,000 | 2023 | +2.13% | +1.94% | |
| 2 | 2 Spain | 630,820,000 | 2023 | +1.97% | +2.1% | View data |
| 3 | 3 Germany | 403,770,000 | 2023 | +4.78% | +3.71% | View data |
| 4 | 4 Italy | 402,790,000 | 2023 | +0.28% | +0.79% | View data |
| 5 | 5 Poland | 300,010,000 | 2023 | +3.8% | +4.66% | View data |
