In 2023, Italy led the European starches and starch products market with a production value share of 26.44 million Euros, followed closely by the Netherlands at 26.23 million Euros, and Belgium at 21.03 million Euros. Notable year-on-year growth was seen in Denmark with a 10.98% increase, while Poland and Finland also experienced growth, at 7.53% and 4.27% respectively. Conversely, Greece saw a significant decline of 14.97%, indicating regional variances in production dynamics across Europe.
Future trends to watch include potential increasing market consolidation in larger producing countries like Italy and the Netherlands. As sustainability becomes a key driving factor, the industry might witness shifts towards eco-friendly production techniques. Furthermore, innovations in product applications could diversify starch product offerings and drive increased demand across various sectors, such as food and bio-based materials.
Top countries in Starches and Starch Products Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 26.44 | 2023 | +4.46% | +5.12% | View data |
| 2 | 2 Netherlands | 26.23 | 2023 | +1.77% | +1.27% | View data |
| 3 | 3 Belgium | 21.03 | 2023 | +2.68% | -0.39% | View data |
| 4 | 4 Denmark | 9.88 | 2023 | +8.4% | +10.98% | View data |
| 5 | 5 Spain | 5.38 | 2023 | -1.39% | -1.95% | View data |
| 6 | 6 Hungary | 4.91 | 2023 | +4.44% | -0.24% | View data |
| 7 | 7 Poland | 2.72 | 2023 | +4.02% | +7.53% | View data |
| 8 | 8 Finland | 1.89 | 2023 | +3.2% | +4.27% | View data |
| 9 | 9 Czech Republic | 0.91 | 2023 | -0.76% | -2.08% | View data |
| 10 | 10 Portugal | 0.6 | 2023 | 0% | +0.12% | View data |
