In 2023, the import value of dextrins and other modified starches to Canada stood at $103.67 million. The forecast data indicate a steady increase in import values over the next five years, with the value projected to reach $109.27 million by 2028. Year-on-year growth from 2024 onwards shows a consistent, modest increase of around 1% annually, reflecting a stable demand for these products in Canada. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 1.05%.
Future trends to watch for include:
- Potential changes in global starch production and supply chains which could impact prices and availability.
- Technological advancements in starch modification processes that could influence demand.
- Regulatory changes in food and industrial sectors that might affect the market for modified starches.
