The 2024 European odoriferous substances market for food or drink industries shows the United Kingdom leading with the highest market share value of 24.14 euros, followed closely by France at 23.66 euros. Italy and Spain trail with values of 13.34 and 12.33 euros, respectively, while Poland stands at 11.74 euros. Smaller markets include Romania, Greece, Finland, Bulgaria, Croatia, and Estonia with values ranging from 6.53 to 0.21 euros. Year-on-year variations indicate significant growth in Poland (3.51%) and Romania (5.43%), with Croatia as an outlier experiencing a decrease of -1.53%.
Overall, the market is experiencing a steady shift towards countries with lower existing market share. Future trends to watch include the growing demand for natural and organic odoriferous substances, influenced by consumer preferences in sustainable and health-conscious products. Emerging markets in Eastern Europe are expected to gain momentum, while innovation in flavor technology could play a crucial role in market expansion.
Top countries in Odoriferous Substances for the Food or Drink Industries Market Size Value Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 24.14 | 2023 | +0.66% | +1.32% | View data |
| 2 | 2 France | 23.66 | 2023 | +0.33% | +2.85% | View data |
| 3 | 3 Italy | 13.34 | 2023 | +0.22% | +2.72% | View data |
| 4 | 4 Spain | 12.33 | 2023 | +4.91% | +2% | View data |
| 5 | 5 Poland | 11.74 | 2023 | +3.69% | +3.51% | View data |
| 6 | 6 Romania | 6.53 | 2023 | +5.17% | +5.43% | View data |
| 7 | 7 Greece | 4.08 | 2023 | +1.63% | +3.81% | View data |
| 8 | 8 Finland | 2.08 | 2023 | +1.89% | +4.06% | View data |
| 9 | 9 Bulgaria | 1.16 | 2023 | +1.57% | +3.6% | View data |
| 10 | 10 Croatia | 0.73 | 2023 | +2.89% | -1.53% | View data |
