India Starch Market Overview, 2028

India is a significant player in the global starch manufacturing industry, with a thriving sector that caters to various domestic and international demands. Starch, a carbohydrate derived primarily from sources like maize, wheat, and cassava, serves as a vital ingredient in various industries, including food processing, pharmaceuticals, textiles, and paper production. India's starch manufacturing industry has witnessed consistent growth due to its diverse agro-climatic conditions and the availability of raw materials. The country boasts numerous starch manufacturing units spread across different regions, each specializing in producing starch from various sources. Maize starch, in particular, is a prominent product of the Indian starch industry, driven by the abundant maize production in states like Andhra Pradesh, Karnataka, and Maharashtra. Additionally, wheat starch and cassava starch are also produced in significant quantities. The per capita consumption of starch in India is 120 kg per year. This is equivalent to about 400 grams per day. The total consumption of starch in India is about 360 million tons per year. According to the research report "India Starch Market Overview, 2028," published by Bonafide Research, the India Starch market is expected to grow with more than 4.47% CAGR from 2023 to 2028. The India starch market is experiencing remarkable expansion, exhibiting a substantial CAGR within the Asia Pacific region. This growth can be attributed to a multitude of factors that are driving the demand for starch-based products in India. One key factor is the burgeoning food and beverage industry in the country, where starch is extensively used as a thickening and stabilizing agent in various products. The rising population and changing dietary preferences have fueled the need for processed foods, further boosting the demand for starch. The Asia Pacific region's overall economic growth and India's strategic geographical location have made it a hub for starch manufacturing and distribution, not only catering to domestic requirements but also exporting to neighboring countries. This regional market expansion is further enhanced by the adoption of sustainable and eco-friendly production practices in line with global trends. India's import and export of starch involve various countries around the world, reflecting the nation's participation in the global starch trade. When it comes to imports, India primarily sources starch and starch products from countries like Thailand, Indonesia, Vietnam, and the United States. Thailand is a significant supplier, exporting various types of starch, including tapioca starch, to India. Indonesia and Vietnam also contribute significantly to India's starch imports, with their cassava-based starch products being in high demand. The United States is another key source of imported starch, particularly maize starch, which is utilized in various industrial applications. On the export front, India exports starch products to countries across the Asia-Pacific region and beyond. Neighboring countries like Bangladesh, Sri Lanka, and Nepal are important destinations for Indian starch exports. These countries rely on India for a consistent supply of starch products, given their proximity and economic ties. Additionally, Indian starch manufacturers export to countries in the Middle East, Europe, and Africa, where starch finds applications in various industries such as food processing, pharmaceuticals, textiles, and paper production.

The India starch market exhibits a notable segmentation based on the type of starch, primarily categorized into Native and Derivatives of Starch. Currently, Derivatives of Starch hold the leading position in this market. As consumer awareness of health and sustainability continues to rise, the native starch market is expected to benefit from this shift in preferences. Manufacturers are exploring ways to harness the inherent qualities of native starch to create innovative and healthier food formulations. This growing consumer demand for clean label and naturally sourced ingredients presents a promising growth trajectory for the native starch segment in the India starch market.In the India starch market, derivatives of starch are further categorized into several types, including Glucose syrup, Modified starch, hydrolysates, Maltodextrin, and cyclodextrin. Among these categories, Glucose syrup takes the lead by holding the largest market share, followed by Modified starch and other types. Glucose syrup, with its diverse range of applications, stands as the dominant category in the India starch market. It is widely used in the food and beverage industry as a sweetening agent, texturizer, and for its ability to control crystallization in confectionery products.Modified starch is the second-largest category, following closely behind Glucose syrup. Modified starches are highly versatile and find applications across multiple industries, including food, pharmaceuticals, and textiles. Other types of starch derivatives, such as hydrolysates, Maltodextrin, and cyclodextrin, also play essential roles in various sectors. Hydrolysates, for instance, are utilized in the pharmaceutical industry for their solubility and digestibility properties. Maltodextrin is prized in the food industry as a filler, thickener, and bulking agent. Cyclodextrin has applications in the pharmaceutical and cosmetic industries due to its ability to encapsulate and stabilize active ingredients. In conclusion, the India starch market's derivatives segment showcases a diverse range of starch-based products, each catering to specific industry needs. While Glucose syrup takes the lead in terms of market share, Modified starch and other starch types also play crucial roles, demonstrating the adaptability and versatility of starch-based derivatives across various sectors in India. The Indian starch market exhibits a noteworthy segmentation based on the source of starch production, encompassing a variety of raw materials, including Corn, Cassava/Tapioca, Wheat, Potatoes, Waxy Maize, and others like pregelatinized starch, rice bran, sweet potato, pea, and more. Among these sources, Corn stands out as the dominant player, holding a substantial share in the market. Corn starch, derived from maize, is a versatile ingredient used in a wide range of applications, making it a preferred choice for many industries, including food, pharmaceuticals, and textiles. While Corn starch is the market leader, it's essential to note that other sources also contribute significantly to the overall growth of the India starch market. Cassava and Tapioca-based starch products, for instance, are valued for their gluten-free properties and are widely used in food processing, particularly in snacks and gluten-free products. Wheat starch is another prominent source that finds application in various food products and as a thickening agent in gravies and sauces. Potato starch, recognized for its excellent thickening and binding properties, is utilized in food items like soups, sauces, and gluten-free baked goods. Waxy maize starch, with its unique characteristics, serves as a critical component in certain industrial applications, such as adhesives and coatings. Furthermore, the other sources like pregelatinized starch, rice bran, sweet potato, and pea starch, contributes to the market's diversity. These alternative sources are gaining importance, particularly in the context of catering to specific dietary needs and niche markets.

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Manmayi Raval

Research Consultant

In the Indian starch market, the diverse range of applications serves as a pivotal factor in shaping the demand and utilization of starch-based products. The market is segmented into several sectors, each with its unique requirements and contributions. Among these sectors, the food and beverage industry emerge as the dominant force, significantly influencing the market dynamics. Starch and starch derivatives are extensively used in this sector for various purposes, including thickening, stabilizing, gelling, and enhancing texture in a wide array of food products. Starch finds applications in products such as sauces, soups, baked goods, dairy products, snacks, and confectionery items. With India's growing population, changing dietary preferences, and increasing demand for processed foods, the food and beverage industry continues to drive substantial demand for starch-based ingredients. Apart from the food and beverage sector, the Indian starch market also caters to other industries. The industrial sector utilizes starch in applications like adhesives, foundry applications, and more. The weaving and textile industry relies on starch for sizing and finishing textiles. Starch is a vital component in animal feed formulations, providing nutrition and acting as a binding agent. The paper industry utilizes starch in papermaking for surface sizing and enhancing paper quality. Additionally, starch finds applications in pharmaceuticals and cosmetics, especially in drug formulation and cosmetic products. The Indian starch market is a testament to the versatility of this essential ingredient, with multifaceted functions that cater to a wide range of industries. Starch plays a pivotal role as a thickening agent, serving as the dominant application within the market. Its ability to increase the viscosity of liquids makes it invaluable in a variety of culinary creations and industrial processes. In the food and beverage industry, for instance, starch is commonly used to achieve the desired consistency in soups, sauces, gravies, and desserts, providing consumers with the texture they expect. Following closely as another key function is starch's role as a stabilizing agent. Starch helps maintain the uniformity and consistency of products, preventing ingredients from separating or settling during storage. This stabilizing function is crucial in industries like dairy, where it ensures the smooth texture of products like yogurt and pudding. Beyond thickening and stabilizing, starch serves as a binding agent, aiding in the cohesion and structure of food products and pharmaceutical tablets. It also acts as a gelling agent, creating the characteristic textures in jams, jellies, and gummy candies. Additionally, starch functions as a film-forming agent, creating edible coatings on items like confectionery and pharmaceutical pills. Finally, it plays a role as an emulsifying agent, facilitating the mixing of substances that would typically separate, as seen in salad dressings and mayonnaise. Considered in this report: • Geography: India • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Aspects covered in this report: • India Starch market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type: • Native • Derivative • Glucose syrup • Modified • hydrolysates • Maltodextrin • cyclodextrin By Source: • Corn • Cassava/Tapioca • Wheat • Potatoes • waxy Maize • Others (Waxy Maize, Pregelatinized Starch, Rice Bran, Sweet potato, Pea etc) By Application: • Food and Beverage • Industrial • Weaving & textile • Animal Feed • Paper Industry • Pharmaceuticals & cosmetics • Others (adhesives, foundry) By Function: • Thickening Agent • Stabilizing Agent • Binding Agent • Gelling Agent • Film-Forming Agent • Emulsifying Agent The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Starch Market industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.