In 2023, the starch and starch products turnover in Germany was 4.60 billion euros. Forecasted growth trends from 2024 to 2028 indicate a consistent increase, with a turnover reaching 5.3 billion euros by 2028. The year-on-year variation suggests a steady growth rate, averaging around 3% per annum. Over the five-year period from 2024 to 2028, this equates to a compounded annual growth rate (CAGR) of approximately 2.9%, pointing to a stable upward trend in the market.
Future trends to watch in this sector include:
- Increasing demand for sustainable and plant-based products which could boost the starch market.
- Technological advancements in starch processing and product innovation.
- Potential impacts of regulatory changes or trade agreements within the European Union affecting raw material sourcing and pricing.