In 2023, the sold production of starches and starch products in France was the baseline from which the forecast is projected. Starting in 2024, the industry is expected to see a consistent year-on-year increase in value, with annual increments ranging from 1.55% to 1.56% through 2028. The five-year compound annual growth rate (CAGR) is estimated at approximately 1.55%, indicating steady growth in the market.
Future trends to watch for:
- Increasing demand for starch products linked to diverse applications in food and non-food industries.
- Potential impact of technological advancements in production efficiency and product innovation.
- Shifts in consumer preference towards sustainable and bio-based products.
- Regulatory changes in the European Union that could affect production costs and market dynamics.