The dextrins and other modified starches market in France has demonstrated fluctuating trends over the past decade, with a notable decline from 2013's peak. As of 2023, the market size was recorded at $718.3 million. The market experienced a negative year-on-year change of 1.82% in 2023. Looking at the five-year horizon from 2019 to 2023, the compound annual growth rate (CAGR) stood at -2.48%, indicating a shrinking market.
Looking ahead, from 2024 to 2028, the forecasted CAGR is -1.51%, with an anticipated market size decrease by 7.3% by 2028. This decline suggests a continuing downward trajectory.
Future trends to watch for include:
- Innovations in eco-friendly and bio-based starch modifications to drive potential market revival.
- Impact of evolving consumer preferences towards clean labels and sustainably sourced ingredients.
- Changes in regulatory frameworks influencing production and usage of modified starches in food processing and other industries.