In 2023, the UK sold production of mixtures of odoriferous substances for food and drink industries was recorded at 42.787 million kilograms. Forecasted data indicates a year-on-year decline in production volume from 2024 through 2028, with the production values dropping from 40.804 million kilograms in 2024 to 33.119 million kilograms in 2028. This represents a negative compound annual growth rate (CAGR) over the five-year forecast period, indicating an ongoing downward trend.
Future trends to watch for:
- The impact of changing consumer preferences towards natural ingredients and how they might affect production.
- Potential effects of regulatory changes on artificial flavor substances.
- Influence of global supply chain dynamics on production efficiencies and costs.