Market Size of Bangladesh Starch and Starch Derivative Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.21 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Bangladesh Starch and Starch Derivative Market Analysis
The Bangladesh starch and starch derivatives market is projected to register a CAGR of 6.21% during the forecast period.
- The country's growing textile and food and beverage industry primarily drives the market. With the growth in the textile industry, the application of tapioca and maize starch is also expected to rise. Additionally, the increasing use of starch and starch derivatives in the country is fuelling the demand for modified starch.
- A wide range of applications of modified starch in the food industry drives demand for modified starch. For instance, modified starch has several functional advantages in various food products, including baked goods, snacks, beverages, and nutritional foods. Rising consumer demand for healthier food options will boost demand for modified starch during the forecast period.
- According to the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS) report in 2022, 85% of the total corn produced in the country was harvested in the winter season. Also, the report estimated that about 90% of the total corn produced in the country was used to make starch and flour. Additionally, the country is importing corn and other starch products due to the rising textile and food & beverage demand.
