The mixed odoriferous substances market for the food and drink industries in El Salvador experienced steady growth over the past decade, reaching a value of $45.671 million in 2023. After some fluctuation, including a downturn in 2020, the market showed resilience with consistent year-on-year growth rates of around 2% in subsequent years. Over the last five years, the Compound Annual Growth Rate (CAGR) settled at approximately 2.28%, indicating a moderate upward trend in market size.
Future trends to watch for include:
- Increased demand for natural and organic odoriferous substances as consumer preferences shift towards healthier food options.
- Potential impacts of regulatory changes on product formulation and market dynamics.
- Technological advancements in extraction and formulation impacting production and market expansion.
How does El Salvador 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 |
| 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 |
| 33 | 33 El Salvador | 45,671,000 | 2023 | +2.29% | +2.28% | |
| 34 | 34 Botswana | 44,618,000 | 2023 | +3.83% | +3.01% | View data |
| 35 | 35 Belarus | 35,399,000 | 2023 | +0.61% | +0.46% | View data |
