World - Mixtures Of Odoriferous Substances And Their Preparations - Market Analysis, Forecast, Size, Trends and Insights
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The article discusses the current trends and future projections for the global market of mixtures of odoriferous substances and their preparations. Despite a slight decrease in consumption volume in 2022, the market is expected to grow steadily with a projected CAGR of +4.0% in volume and +6.0% in value from 2022 to 2030. The top countries in terms of consumption, production, imports, and exports are highlighted, with China, the United States, and India being key players. The article also analyzes price trends and growth rates for different countries, providing valuable insights for industry stakeholders.
Market Forecast
Driven by increasing demand for mixtures of odoriferous substances and their preparations worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +4.0% for the period from 2022 to 2030, which is projected to bring the market volume to 4.7M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.0% for the period from 2022 to 2030, which is projected to bring the market value to $73.2B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Mixtures Of Odoriferous Substances And Their Preparations
In 2022, consumption of mixtures of odoriferous substances and their preparations decreased by -0.8% to 3.4M tons, falling for the second consecutive year after nine years of growth. The total consumption volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 3.5M tons in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
The global odoriferous substance mixture market size fell modestly to $45.9B in 2022, dropping by -2.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs at $47.2B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (709K tons), the United States (400K tons) and India (265K tons), together comprising 40% of global consumption. The UK, Indonesia, Germany, Mexico, Brazil, Japan, Russia, Spain and Thailand lagged somewhat behind, together comprising a further 27%.
From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +8.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($7.3B), the United States ($6.9B) and Mexico ($2.5B) appeared to be the countries with the highest levels of market value in 2022, with a combined 36% share of the global market. Germany, Indonesia, the UK, Japan, Russia, Brazil, Spain, Thailand and India lagged somewhat behind, together comprising a further 27%.
Russia, with a CAGR of +8.8%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of odoriferous substance mixture per capita consumption in 2022 were the UK (2,618 kg per 1000 persons), Germany (1,400 kg per 1000 persons) and Spain (1,400 kg per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +8.5%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Mixtures Of Odoriferous Substances And Their Preparations
In 2022, production of mixtures of odoriferous substances and their preparations decreased by -2.2% to 3M tons, falling for the second consecutive year after nine years of growth. The total output volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 8.4%. Global production peaked at 3.2M tons in 2020; however, from 2021 to 2022, production failed to regain momentum.
In value terms, odoriferous substance mixture production fell slightly to $40.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Global production peaked at $45.7B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were China (727K tons), the United States (423K tons) and India (292K tons), with a combined 48% share of global production. Germany, Indonesia, Ireland, Singapore, Switzerland, the UK, Brazil, Japan, Egypt and Spain lagged somewhat behind, together accounting for a further 35%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Egypt (with a CAGR of +7.8%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Mixtures Of Odoriferous Substances And Their Preparations
In 2022, approx. 1.7M tons of mixtures of odoriferous substances and their preparations were imported worldwide; surging by 3.9% against the previous year. The total import volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 12% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, odoriferous substance mixture imports expanded modestly to $31.1B in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 13% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Imports By Country
The countries with the highest levels of odoriferous substance mixture imports in 2022 were the UK (139K tons), France (109K tons), the United States (109K tons), Mexico (99K tons), Russia (73K tons), the Netherlands (68K tons), Germany (60K tons), Spain (55K tons), Italy (44K tons), Poland (43K tons), Thailand (42K tons) and Belgium (40K tons), together resulting at 51% of total import. The Philippines (39K tons) held a minor share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the UK (with a CAGR of +9.8%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($4.3B), France ($2.7B) and Mexico ($2.2B) constituted the countries with the highest levels of imports in 2022, with a combined 30% share of global imports. Russia, the UK, Germany, Spain, Italy, Thailand, the Netherlands, Poland, the Philippines and Belgium lagged somewhat behind, together accounting for a further 26%.
Among the main importing countries, Russia, with a CAGR of +8.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average odoriferous substance mixture import price stood at $18,016 per ton in 2022, leveling off at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 7.1% against the previous year. Over the period under review, average import prices reached the maximum at $18,134 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($39,832 per ton), while the UK ($8,189 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.7%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Mixtures Of Odoriferous Substances And Their Preparations
In 2022, the amount of mixtures of odoriferous substances and their preparations exported worldwide was estimated at 1.3M tons, picking up by 2% compared with 2021. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 6.2%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, odoriferous substance mixture exports amounted to $25.6B in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. The global exports peaked at $26.2B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Exports By Country
Germany (163K tons), France (133K tons), the United States (132K tons), Ireland (128K tons), Singapore (116K tons), the Netherlands (92K tons), Switzerland (79K tons), Spain (54K tons), the UK (42K tons), China (42K tons), India (35K tons) and Egypt (31K tons) represented roughly 78% of total exports in 2022. Belgium (24K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Egypt (with a CAGR of +14.1%), while the other global leaders experienced more modest paces of growth.
In value terms, Ireland ($5.4B), France ($2.8B) and the United States ($2.6B) appeared to be the countries with the highest levels of exports in 2022, together accounting for 42% of global exports. Germany, Singapore, Switzerland, the Netherlands, the UK, Spain, China, Egypt, India and Belgium lagged somewhat behind, together comprising a further 42%.
Among the main exporting countries, Egypt, with a CAGR of +11.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average odoriferous substance mixture export price amounted to $19,025 per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a mild decrease. The growth pace was the most rapid in 2021 when the average export price increased by 6.8%. The global export price peaked at $21,972 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ireland ($42,449 per ton), while Belgium ($7,802 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global odoriferous substance mixture market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20531075 - Mixtures of odoriferous substances of a kind used in the food or drink industries
- Prodcom 20531079 - Mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
Discover the top 10 countries leading in the import of odoriferous substance mixtures, including the United States, France, and Mexico.
In 2016, the amount of odoriferous substance mixture imported worldwide amounted to X tons, ascending by X% against the previous year figure. Overall, it indicated a prominent increase from 2007...
In 2016, the amount of odoriferous substance mixture imported worldwide amounted to X tons, ascending by X% against the previous year figure. Overall, it indicated a prominent increase from 2007...
Ireland continued its dominance in the global mixture of odoriferous substance trade. In 2014, Ireland exported X thousand tons of mixtures of odoriferous substances totaling X million USD, X% over the previous year. Its primary trading partne