The wheat starch market in Denmark showed significant fluctuations from 2012 to 2022. Starting at a value of 1.7458 million euros in 2012, the market generally experienced a declining trend after peaking slightly in 2014 at 1.8928 million euros. Despite a notable dip in 2015 and a continual downward trend reaching a low in 2017, the market saw some recovery post-2018. Values increased steadily from 2018 to 2021, peaking again in 2021 before a slight decline in 2022.
Year-on-year variations also highlight this volatility, with critical drops in 2015 and 2017, while 2020 and 2021 witnessed strong recoveries. The trend over the last two years has been mixed, showing considerable growth in 2021, followed by a small decline in 2022. The CAGR over the last five years indicates relatively modest growth averaging 4.92% per year.
Looking forward, the wheat starch market in Denmark may see trends influenced by factors such as changing consumer preferences towards healthier and gluten-free products, sustainability initiatives, and the potential impact of global trade policies. Innovation in food processing and alternative applications for wheat starch may also drive future market dynamics.
