Between 2013 and 2023, the modified starch market in Greece showed varied trends. The market experienced fluctuations with a drop from 48.07 million kilograms in 2013 to 40.548 million kilograms in 2016, followed by recovery and growth reaching 50.253 million kilograms by 2023. The year-on-year variation reveals that the market contraction until 2016 was reversed by a significant rebound in 2020. However, it contracted slightly over the last two years by 0.5% annually. The CAGR over the last five years was 1.63%, indicating stable but modest growth.
Future trends to watch for include:
- Increased demand for gluten-free and clean-label products.
- Advancements in production technology improve efficiency.
- Regulatory changes impacting market dynamics.
How does Greece rank in Modified Starch Market Size Volume?
| # | 12 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,480,000,000 | 2023 | -0.21% | +3.8% | View data |
| 2 | 2 Italy | 472,090,000 | 2023 | +2.12% | +2.25% | View data |
| 3 | 3 Denmark | 436,260,000 | 2023 | +2.01% | -0.061% | View data |
| 4 | 4 United Kingdom | 396,140,000 | 2023 | -0.48% | -0.35% | View data |
| 5 | 5 Finland | 318,430,000 | 2023 | -0.13% | -2.76% | View data |
| 7 | 7 Austria | 65,982,000 | 2023 | -1.02% | -1.73% | View data |
| 8 | 8 Czech Republic | 63,110,000 | 2023 | -0.99% | -1.34% | View data |
| 9 | 9 Greece | 50,253,000 | 2023 | -0.5% | +1.63% | |
| 10 | 10 Portugal | 49,658,000 | 2023 | -2.99% | -0.54% | View data |
| 11 | 11 Croatia | 25,956,000 | 2023 | +3.07% | +0.48% | View data |
