The European sold production of mixtures of odoriferous substances used in the food and drink industries shows varied year-on-year growth across countries in 2023. Germany holds the highest production value with a steady increase of 5.34%. France follows with a growth of 5.72%, while the UK experiences a minor decline of 0.86%. Italy and Spain show robust growth rates of 7.32% and 6.05% respectively. Smaller markets like Finland have seen exceptional growth rates at 230.21%, indicating emerging potential. In contrast, Hungary and Croatia see declines, at -11.06% and -15.23% respectively.
Future trends to monitor include the continuing expansion of highly innovative countries like Germany and France. Additionally, the shift toward healthier, natural flavorings may benefit Finland’s rapidly growing market. Policy changes and trade dynamics will also influence production volumes. Overall, Europe can expect moderate growth, driven by technological advancements and changing consumer preferences.
Top countries in Sold Production of Mixtures of Odoriferous Substances of a Kind Used in the Food or Drink Industries by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,487,900,000 | 2023 | +4.82% | +5.34% | View data |
| 2 | 2 France | 662,330,000 | 2023 | +4.02% | +5.72% | View data |
| 3 | 3 United Kingdom | 334,970,000 | 2023 | -0.51% | -0.86% | View data |
| 4 | 4 Italy | 224,960,000 | 2023 | +2.43% | +7.32% | View data |
| 5 | 5 Spain | 201,050,000 | 2023 | +1.72% | +6.05% | View data |
| 6 | 6 Belgium | 101,630,000 | 2023 | +1.57% | +3.1% | View data |
| 7 | 7 Austria | 93,263,000 | 2023 | +3.8% | +6.51% | View data |
| 8 | 8 Poland | 49,149,000 | 2023 | +4.14% | +3.57% | View data |
| 9 | 9 Sweden | 29,920,000 | 2021 | +34.43% | View data | |
| 10 | 10 Denmark | 21,519,000 | 2023 | +1.52% | +2.46% | View data |
