The European market for mixtures of odoriferous substances used in food and drink industries displayed varied production volumes across countries in 2023. Germany led with 132.52 million kilograms, witnessing a moderate growth of 4.21% year-on-year. Belgium and Italy showed significant upticks of 11.55% and 8.48% respectively, whereas the UK faced a decline of 5.36%. The Netherlands and France experienced modest increases. Noteworthy are Finland's exceptional surge and Croatia's substantial drop. The compounded annual growth rate (CAGR) over the past five years reflects consistent rise in production volumes in Germany, Belgium, and Italy, emphasizing their roles as key players in this sector.
Future trends to watch include the sustained growth potential in Eastern Europe driven by emerging consumer markets, and potential innovation in fragrance technology to meet health and sustainability trends. Monitoring regulatory changes in flavor compositions will also be crucial for market dynamics.
Top countries in Sold Production of Mixtures of Odoriferous Substances of a Kind Used in the Food or Drink Industries by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 132,520,000 | 2023 | +3.68% | +4.21% | View data |
| 2 | 2 Belgium | 78,239,000 | 2023 | +9.03% | +11.55% | View data |
| 3 | 3 Netherlands | 67,592,000 | 2023 | +5.93% | +0.43% | View data |
| 4 | 4 United Kingdom | 42,850,000 | 2023 | -4.17% | -5.36% | View data |
| 5 | 5 France | 41,356,000 | 2023 | +0.23% | +2.67% | View data |
| 6 | 6 Spain | 25,706,000 | 2023 | +2.91% | +6.36% | View data |
| 7 | 7 Italy | 24,068,000 | 2023 | +1.4% | +8.48% | View data |
| 8 | 8 Austria | 19,509,000 | 2023 | +3.86% | +6.49% | View data |
| 9 | 9 Poland | 8,580,500 | 2023 | +3.81% | +5.81% | View data |
| 10 | 10 Sweden | 5,865,200 | 2021 | -63.68% | View data |
