Over the past decade, the wheat starch market in Denmark has evidenced a consistent decline in volume. In 2012, the market size was at 2.6548 million kilograms, on a downward trajectory reaching 1.3724 million kilograms by 2022. The year-on-year variations show some fluctuations, with significant drops like -16.38% in 2016 and more tempered decreases such as -2.02% in 2020. The compound annual growth rate (CAGR) over the last five years also indicates a gradual decline, averaging -4.49% per year.
Drawing upon the most recent data from 2023, the market stands lower than previous years, sustaining the observed downward trend. The yearly variations validate the long-standing reduction pattern in the market size, affirming a notable contraction.
Looking ahead, key trends to watch include the potential impact of evolving consumer preferences towards gluten-free and alternative starches, advancements in starch extraction technology, and possible regulatory changes influencing wheat production. Additionally, market participants should observe international trade dynamics, which may open or restrict market opportunities for wheat starch in Denmark.
How does Denmark rank in Wheat Starch Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 700,240,000 | 2023 | +2.76% | +1.72% | View data |
| 2 | 2 Italy | 96,755,000 | 2023 | +0.62% | +0.66% | View data |
| 3 | 3 United Kingdom | 59,403,000 | 2023 | -0.59% | -0.91% | View data |
| 4 | 4 Finland | 35,403,000 | 2023 | +2.4% | +1.81% | View data |
| 5 | 5 Bulgaria | 2,011,200 | 2023 | +1.13% | +0.58% | View data |
| 6 | 6 Denmark | 1,117,900 | 2023 | -10.56% | -7.55% | |
| 7 | 7 Slovakia | 499,990 | 2023 | -0.2% | -2.72% | View data |
