The UK market for dextrins and other modified starches, measured in volume, is forecasted to grow marginally from 2024 through 2028, reaching 110.72 million kilograms by the end of the period. In 2023, the market stood at 110.23 million kilograms. This indicates a slight annual increase with a year-on-year volume growth of approximately 0.09% from 2024 onwards. The five-year compound annual growth rate (CAGR) reflects consistent growth just shy of 0.1% per year.
Future trends to watch include:
- Increasing demand for modified starches in food and beverage applications, driven by the rise of convenience foods.
- Technological advancements in starch modification processes, potentially impacting production efficiency and cost.
- Growth in the bio-plastics segment as sustainability becomes a crucial market driver.