Europe's food starch market in 2007 was characterised by further consolidation. The widespread ingredient, just like other food ingredients, was faced with the dramatic rise in raw material costs as well as the biofuel boom and other industry challenges.
Nonetheless, the European food starch and food starch derivatives markets ended the year with approximately a 1% increase growth increase in volume terms – a significant 4.6 million tons (which accounts for just over half of all European starch production).
Frost &Sullivan estimates Europe’s food starch market revenue at the end of 2006 at USD 3.65 billion. The market research firm even predicts that revenue will amount to USD 5.72 billion by 2014.
Overview of the European Food Starch market
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