The Dextrins and Other Modified Starches market in the Philippines reached $175.32 million in 2023. The year-on-year growth was 2.74%, showing a slight slowdown compared to previous years. Over the past five years, the market experienced a compound annual growth rate (CAGR) of 3.97%, reflecting a steady increase in demand despite some fluctuations.
Future trends to watch in this market include:
- Rising demand for convenience foods and beverages, which may drive the need for modified starches as thickeners and stabilizers.
- Innovations in starch modifications to cater to health-conscious consumers seeking gluten-free and organic options.
- Potential supply chain disruptions or cost fluctuations that could affect raw material availability and pricing.
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 2,089,200,000 | 2023 | +0.19% | -0.15% | View data |
| 2 | 2 Germany | 1,052,800,000 | 2023 | -0.78% | -1.06% | View data |
| 3 | 3 France | 718,300,000 | 2023 | -1.82% | -2.48% | View data |
| 4 | 4 United Kingdom | 597,870,000 | 2023 | +0.076% | -0.94% | View data |
| 5 | 5 Italy | 391,420,000 | 2023 | -2.45% | -3.01% | View data |
| 11 | 11 Mexico | 201,230,000 | 2023 | -0.53% | -1.77% | View data |
| 12 | 12 Poland | 200,570,000 | 2023 | -2.19% | -0.64% | View data |
| 13 | 13 Philippines | 175,320,000 | 2023 | +2.74% | +3.97% | |
| 14 | 14 South Africa | 174,250,000 | 2023 | +1.38% | +0.83% | View data |
| 15 | 15 Brazil | 134,790,000 | 2023 | -8.33% | -7.39% | View data |
