Over the past decade, the wheat starch market in Bulgaria exhibited significant fluctuations in terms of volume. The market experienced a robust growth of 34.12% in 2014, with values peaking between 2014 and 2015. However, from 2016 onwards, a declining phase occurred, largely marked by a negative compound annual growth rate (CAGR) up until 2020. In 2023, the market volume reached 2.0112 million kilograms, with a year-on-year increase of 1.13% and a minor positive five-year CAGR of 0.58%, indicating a slow recovery.
Future trends to watch for include:
- The impact of innovative applications of wheat starch in various sectors such as food, pharmaceuticals, and paper.
- The influence of sustainable production practices and eco-friendly packaging on market demands.
- Shifts in consumer preferences toward healthier and organic products, potentially affecting wheat starch product diversification.
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 700,240,000 | 2023 | +2.76% | +1.72% | View data |
| 2 | 2 Italy | 96,755,000 | 2023 | +0.62% | +0.66% | View data |
| 3 | 3 United Kingdom | 59,403,000 | 2023 | -0.59% | -0.91% | View data |
| 4 | 4 Finland | 35,403,000 | 2023 | +2.4% | +1.81% | View data |
| 5 | 5 Bulgaria | 2,011,200 | 2023 | +1.13% | +0.58% | |
| 6 | 6 Denmark | 1,117,900 | 2023 | -10.56% | -7.55% | View data |
| 7 | 7 Slovakia | 499,990 | 2023 | -0.2% | -2.72% | View data |
