In 2023, China's import value of albuminoidal substances, modified starches, glues, and enzymes stood at $5.20 billion. The forecast for 2024 to 2028 shows a steady growth trajectory with values increasing from $5.42 billion in 2024 to $6.27 billion in 2028. Year-on-year, there is a consistent growth, averaging approximately 4%, indicating robust demand and market expansion. The compound annual growth rate (CAGR) over this period is anticipated to be around 4.6%, reflecting a sustained positive trend.
Future trends to watch for include:
- Innovation in industrial applications driving demand for advanced enzymatic and starch-based solutions.
- Policy changes and trade agreements potentially impacting import costs or supply chains.
- Growing environmental concerns promoting the use of biodegradable glues and starches.
