The market for mixed odoriferous substances in Belarus for the food and drink industries grew steadily from 2013 to 2023, reaching a value of $35.399 million in 2023. Notable fluctuations occurred in 2016 and 2020, with significant declines. A recovery followed with modest growth, evidenced by a 5.94% increase in 2021. The five-year CAGR was 0.46%, indicating overall stability.
Future trends may include:
- Increased demand for natural and organic flavorings.
- Technological advancements in fragrance formulation.
- Switch to sustainable and eco-friendly products.
- Potential fluctuations due to economic or geopolitical factors.
How does Belarus 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 |
| 33 | 33 El Salvador | 45,671,000 | 2023 | +2.29% | +2.28% | View data |
| 34 | 34 Botswana | 44,618,000 | 2023 | +3.83% | +3.01% | View data |
| 35 | 35 Belarus | 35,399,000 | 2023 | +0.61% | +0.46% | |
| 36 | 36 Latvia | 30,567,000 | 2023 | +5.1% | +4.33% | View data |
| 37 | 37 Kyrgyzstan | 21,494,000 | 2023 | +4.42% | +5.99% | View data |
