From 2013 to 2023, the market for Mixed Odoriferous Substances in Oman's food and drink industry saw notable fluctuations with values rising from $101.73 million to $141.27 million. The impressive growth was marked by a CAGR of 2.06% over the last five years, albeit with significant variability, especially the 14.93% drop in 2020 attributed to the pandemic. Recovery commenced in 2021, with a 23.36% increase, although growth steadied into 2023 with a 2.19% rise.
-Looking ahead, future trends to watch include sustainable production practices, innovations in natural additives, and increasing demand for organic and health-focused products. These factors are likely to influence market dynamics as consumer preferences evolve.
How does Oman 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 |
26 | 26 Uruguay | 152,810,000 | 2023 | +6.9% | +5.91% | View data |
27 | 27 Israel | 151,590,000 | 2023 | +0.68% | +1.14% | View data |
28 | 28 Oman | 141,270,000 | 2023 | +2.19% | +2.06% | |
29 | 29 New Zealand | 127,930,000 | 2023 | -0.84% | -0.88% | View data |
30 | 30 Costa Rica | 103,960,000 | 2023 | +1.16% | +0.94% | View data |