The market size value per capita for Mixed Odoriferous Substances in the Australian food and drink industries showed a growth to $25.49 in 2023, marking a 0.7% increase from 2022. Analyzing the five-year period from 2018 to 2023, the compound annual growth rate (CAGR) stands at approximately 1.3%, indicating a steady increase despite fluctuations in certain years. From 2019 onwards, the market exhibited a consistent upward trend.
Future trends to watch for include the growing demand for natural and sustainable ingredients, which may drive innovation and potentially increase per capita value. Additionally, continued economic recovery post-pandemic could favor further market expansion.
| # | 38 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 73.62 | 2023 | View data | ||
| 2 | 2 Sweden | 49.3 | 2023 | View data | ||
| 3 | 3 Spain | 46.57 | 2023 | View data | ||
| 4 | 4 Canada | 43.75 | 2023 | View data | ||
| 5 | 5 United Kingdom | 43.64 | 2023 | View data | ||
| 9 | 9 Austria | 31.41 | 2023 | View data | ||
| 10 | 10 Oman | 26.38 | 2023 | View data | ||
| 11 | 11 Australia | 25.49 | 2023 | |||
| 12 | 12 Poland | 24.65 | 2023 | View data | ||
| 13 | 13 Iceland | 24.53 | 2023 | View data | ||
