The starches and starch products market in Italy stood at 860.77 million Euros in 2023. Over the past decade, this market has experienced fluctuations with some years of negative growth, such as in 2016 and 2019. However, recent years from 2021 to 2023 show a stabilizing trend with a consistent but modest growth rate. Specifically, the years 2022 and 2023 registered a marginal growth of around 1.1%. The compound annual growth rate (CAGR) over the last five years is a moderate 0.48%, indicating gradual recovery and moderate stability in the market.
Future trends to watch:
- Increasing demand for gluten-free and clean-label products driving starch innovation.
- Potential impacts of regulatory changes on starch production and distribution.
- Impact of consumer preferences for plant-based ingredients on market dynamics.
- Technological advances in starch processing and diversified applications could foster growth.
How does Italy rank in Starches and Starch Products Market Size Value?
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,560,700,000 | 2023 | +1.46% | +1.76% | View data |
| 2 | 2 Germany | 1,447,100,000 | 2023 | -3.65% | +0.67% | View data |
| 3 | 3 Italy | 860,770,000 | 2023 | +1.09% | +0.48% | |
| 4 | 4 United Kingdom | 713,020,000 | 2023 | -0.84% | -1.26% | View data |
| 5 | 5 Denmark | 561,220,000 | 2023 | +3.28% | +3.35% | View data |
