In 2023, Italy led the European starches and starch products industry with a production value of 1.53 billion euros, closely followed by the Netherlands at 1.52 billion euros. Belgium came in third with 1.22 billion euros, while Denmark showed the highest year-on-year growth at 10.98%, reaching a production value of 0.5729 billion euros. Spain and Hungary experienced slight declines, while Greece saw the most significant drop at -14.97%. Poland, with a significant 7.53% increase, and Finland's 4.27% growth, indicate emerging potential in their production capabilities.
Future trends to watch include sustainable production practices driven by environmental regulations, innovation in alternative starch sources, and increased demand due to the growing food and drink industry. Monitoring the impact of technological advancements and regulatory changes will be crucial in understanding the industry's trajectory in the coming years.
Top countries in Starches and Starch Products Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,530 | 2023 | +4.46% | +5.12% | View data |
| 2 | 2 Netherlands | 1,520 | 2023 | +1.77% | +1.27% | View data |
| 3 | 3 Belgium | 1,220 | 2023 | +2.68% | -0.39% | View data |
| 4 | 4 Denmark | 572.9 | 2023 | +8.4% | +10.98% | View data |
| 5 | 5 Spain | 312.1 | 2023 | -1.39% | -1.95% | View data |
| 6 | 6 Hungary | 284.8 | 2023 | +4.44% | -0.24% | View data |
| 7 | 7 Poland | 157.7 | 2023 | +4.02% | +7.53% | View data |
| 8 | 8 Finland | 109.7 | 2023 | +3.2% | +4.27% | View data |
| 9 | 9 Czech Republic | 52.5 | 2023 | -0.76% | -2.08% | View data |
| 10 | 10 Portugal | 34.8 | 2023 | 0% | +0.12% | View data |
