The market for dextrins and other modified starches in Latvia experienced a consistent decline from 2013 to 2023, decreasing from 5.2909 million USD to 4.6869 million USD. Over the past decade, the market faced several fluctuations with a notable peak in 2014 and persistent declines thereafter. The year-on-year decreases from 2022 to 2023 were minimal, demonstrating a stabilizing trend. The compound annual growth rate over the past five years was -0.94%, indicating a consistent but modest decline.
Future trends to watch for include:
- Potential for market recovery through innovative applications of modified starches in industries like food, pharmaceuticals, and bioplastics.
- Impact of sustainability trends encouraging the use of biodegradable materials, which may boost the market demand for eco-friendly starch alternatives.
- National economic conditions and regulatory changes affecting production and distribution.
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 2,089,200,000 | 2023 | +0.19% | -0.15% | View data |
| 2 | 2 Germany | 1,052,800,000 | 2023 | -0.78% | -1.06% | View data |
| 3 | 3 France | 718,300,000 | 2023 | -1.82% | -2.48% | View data |
| 4 | 4 United Kingdom | 597,870,000 | 2023 | +0.076% | -0.94% | View data |
| 5 | 5 Italy | 391,420,000 | 2023 | -2.45% | -3.01% | View data |
| 33 | 33 Croatia | 9,075,400 | 2023 | +0.44% | +0.21% | View data |
| 34 | 34 El Salvador | 8,915,400 | 2023 | +5.47% | +7.34% | View data |
| 35 | 35 Latvia | 4,686,900 | 2023 | -0.86% | -0.94% | |
| 36 | 36 Honduras | 3,975,000 | 2023 | +0.73% | +0.93% | View data |
