The modified starch market in Denmark showed an upward trend from 2013 to 2023, with per capita volume increasing from 52.12 kg to 74.47 kg. This indicates a growing demand with significant fluctuations over the years. The year-on-year growth rate notably spiked between 2016 and 2017 and continued to rise until a decline in 2019, followed by a recovery trend up to 2023. Over the last two years, there was a steady increase, hinting at market stabilization. The five-year CAGR portrays a moderate and consistent upward trend.
Future trends to watch for include:
- Potential innovation in product applications, driving consumer interest.
- The impact of sustainability trends on production practices.
- Shifts in consumer preferences towards healthier and clean label products.
