The import of mixed odoriferous substances used in Brazil's food and drink industries is projected to rise from 4.82 million kilograms in 2024 to 5.10 million kilograms by 2028, showing a steady year-on-year growth trend. The forecast indicates an average compound annual growth rate (CAGR) of 1.5% over the five-year period. In 2023, imports stood at 4.74 million kilograms, illustrating a consistent upward trajectory in demand and import volume.
Future trends to watch for:
- Changes in trade policies that could impact import volumes.
- Consumer preference shifts towards natural ingredients which may affect the demand for synthetic substances.
- Economic factors such as currency fluctuations that might influence import costs.
- Technological advancements in flavor manufacturing which may alter supply chain dynamics.