The Mixed Odoriferous Substances for Industrial Use market in Morocco experienced fluctuations from 2013 to 2023, with the value per capita peaking at $2.07 in both 2016 and 2023. The largest decline occurred in 2020, dropping to $1.71, followed by a recovery to the 2016 peak by 2023. Year-on-year growth between 2022 and 2023 was stable, maintaining the peak value of $2.07.
Over the last five years, from 2018 to 2023, the compound annual growth rate (CAGR) reflected a modest increase due to recovery post-2020.
Future trends to watch for in the Moroccan market include increasing demand driven by rising industrial applications and innovations in odoriferous substances, potentially leading to gradual market expansion.
