The market for Mixed Odoriferous Substances in Costa Rica's food and drink industries has shown a modest upward trend over the past decade, registering a market size of $103.96 million by 2023. While the value fluctuated moderately with both dips and peaks, year-on-year changes demonstrate a pattern of recovery and gradual growth from a noticeable dip in 2014. In recent years, incremental positive growth is evident, with the last two years seeing an approximately 1% increase annually. The five-year CAGR stands at 0.94%, indicating a steady, albeit slow, growth trajectory.
Future trends to watch include the impact of evolving consumer preferences towards natural and sustainable ingredients, the rising demand for plant-based and functional foods, and regulatory changes impacting additives and flavoring agents, which could affect market dynamics significantly. As the industry adapts, technological innovations and supply chain improvements will also play crucial roles in shaping the market's future landscape.
How does Costa Rica rank in Mixed Odoriferous Substances for the Food and Drink Industries Market Size Value?
| # | 41 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,016,200,000 | 2023 | +0.29% | -0.37% | View data |
| 2 | 2 Spain | 2,197,100,000 | 2023 | +0.12% | -1.01% | View data |
| 3 | 3 Canada | 1,678,600,000 | 2023 | +1.95% | +1.93% | View data |
| 4 | 4 Italy | 1,347,400,000 | 2023 | -2.5% | -2.73% | View data |
| 5 | 5 Japan | 1,278,400,000 | 2023 | -3.11% | -1.97% | View data |
| 28 | 28 Oman | 141,270,000 | 2023 | +2.19% | +2.06% | View data |
| 29 | 29 New Zealand | 127,930,000 | 2023 | -0.84% | -0.88% | View data |
| 30 | 30 Costa Rica | 103,960,000 | 2023 | +1.16% | +0.94% | |
| 31 | 31 Jordan | 78,798,000 | 2023 | +6.56% | +4.34% | View data |
| 32 | 32 Bolivia | 52,520,000 | 2023 | +3.17% | +2.07% | View data |
