According to the latest report by IMARC Group, titled “Native Starch Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the native starch market in India size reached 4.9 Million in 2019. Native starch is a white, tasteless and odorless substance, which is derived from sources, such as rice, corn, maize, wheat, cassava, tapioca, waxy maize and potato. It is a carbohydrate ingredient that has gelling, water binding/retention, feed texturization and thickening, moisture retention, and anti-staling properties. Besides this, it is a bulking agent that is insoluble in cold water and swells to different degrees depending on the temperature used. Owing to these properties, it is widely utilized in the preparation of pet foods, processed meat, salad dressings, dry mix soups and sauces, bakery mixes, batters and breading, and creamy spreads and fillings. Native starch has been traditionally used in India to stiffen textiles for several years. However, its applications are expanding into both food and non-food industries across the country.
Indian Native Starch Market Trends:
With the sedentary lifestyles and growing prevalence of chronic conditions, such as obesity, diabetes and cancer, governmental as well as non-governmental organizations are introducing awareness campaigns in India. This is resulting in the rising number of individuals who are minimizing their carbohydrate intake and incorporating low-calorie sweeteners in their daily diet. Besides the food industry, native starch is also employed in the manufacturing of papers, adhesives, pharmaceuticals and cosmetics. In line with this, the development and expansion of the paper and textile industries have also contributed to the market growth. Furthermore, native starch is employed in the pharmaceutical industry as a diluent, binder, lubricant and disintegrant in several conventional tablets and capsules. On account of these factors, the market volume is projected to reach 8.2 Million Tons by 2025, expanding at a CAGR of 8.8% during the forecast period (2020-2025).
- Based on the feedstock, the market has been segregated into corn, cassava, wheat and other types of starches. At present, corn starch represents the most widely utilized product type, which is obtained from the endosperm of the corn kernel.
- On the basis of the end use, the market has been classified into food, textile, paper, pharmaceuticals and other industries. The food industry currently accounts for the majority of the total market share.
- Region-wise, the market has been segmented into Andhra Pradesh, Bihar, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, West Bengal and others.
- The competitive landscape of the market has been examined, with some of the key players being Roquette Riddhi Siddhi Private Limited, Gujarat Ambuja Exports Limited, Sukhjit Starch & Chemicals Ltd., Sayaji Industries Limited and Universal Starch Chem Allied Ltd.
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