The Dextrins and Other Modified Starches Market in Senegal experienced robust growth from 2013 to 2023, expanding from $2.917 million to $11.597 million USD. Notably, the market saw significant year-on-year increases, particularly in 2020 and 2021, with growth rates of 27.97% and 21.52%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years was a notable 19.74%, signaling strong demand and development in this sector. In the most recent two years, though the year-on-year growth slightly tempered, it continued to show vitality with an increase of 17.58% in 2022 and 14.8% in 2023.
Future trends to watch include:
- Rising domestic production capacity and technological advancements enhancing product quality and variety.
- Growing demand from the food and beverage industry as consumer preferences shift towards convenience and processed foods.
- Expansion in exports due to favorable trade agreements and increasing global starch demand.
- The potential impact of sustainable practices and bio-based starch alternatives gaining traction in the market.
| # | 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 |
| 28 | 28 Dominican Republic | 17,537,000 | 2023 | +2.24% | +2.73% | View data |
| 29 | 29 Norway | 15,854,000 | 2023 | -9.14% | -5.42% | View data |
| 30 | 30 Senegal | 11,597,000 | 2023 | +14.8% | +19.74% | |
| 31 | 31 Sri Lanka | 10,368,000 | 2023 | +3.28% | +4.24% | View data |
| 32 | 32 Belarus | 9,336,400 | 2023 | -2.23% | -1.28% | View data |
