The market for odoriferous substances excluding those used in the food or drink industries in Hungary has shown a consistent growth pattern from 2013 to 2023, increasing from 37.3 million Euros in 2013 to 110.75 million Euros in 2023. The compounded annual growth rate (CAGR) over the last five years stood at approximately 6.69%. Year-on-year growth has shown a decreasing trend recently, from 5.68% in 2021 to 5.19% in 2023.
Future trends to watch in this market include:
- Potential impact of sustainability trends and demand for eco-friendly products.
- Innovations in fragrance technologies and personalized scent solutions.
- Regulatory influences on product formulations and consumer safety.
How does Hungary rank in Odoriferous Substances (Excluding Those Used for the Food or Drink Industries) Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 874,910,000 | 2023 | +2.13% | +1.94% | View data |
| 2 | 2 Spain | 630,820,000 | 2023 | +1.97% | +2.1% | View data |
| 3 | 3 Germany | 403,770,000 | 2023 | +4.78% | +3.71% | View data |
| 4 | 4 Italy | 402,790,000 | 2023 | +0.28% | +0.79% | View data |
| 5 | 5 Poland | 300,010,000 | 2023 | +3.8% | +4.66% | View data |
| 6 | 6 Hungary | 110,750,000 | 2023 | +5.19% | +6.69% | |
| 7 | 7 Czech Republic | 103,590,000 | 2023 | +2.38% | +3.14% | View data |
| 8 | 8 Greece | 41,581,000 | 2023 | +4.04% | +3.37% | View data |
