Native starch is a polysaccharide present in staple food crops such as maize, potato, rice, etc. In India, it has traditionally been used to stiffen textiles, however, it is now being used for a number of food and non-food applications. In the food industry, it serves as a stabilizer and thickening agent, and is used in a variety of food products such as soups, sauces, gravies, puddings and pies. The non-food sector, on the other hand, is the biggest consumer of native starch where it is either used directly or after being modified to obtain specific functional properties. IMARC Group’s latest report titled, “Native Starch Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the production of native starch in India reached a volume of more than 4 Million Tons in 2018, growing at a CAGR of around 11% during 2011-2018.
The market for native starch is currently being driven by its expanding applications in both, the food and non-food sectors. In the food sector, it is used as a thickening agent and a stabilizer in a variety of products, such as custard, desserts, sauces, etc. On the other hand, the major non-food sectors where native starch is used include pharmaceuticals, cosmetics and paper. According to the report, the market is further expected to reach a volume of 8 Million Tons by 2024.
The report has segmented the Indian native starch market on the basis of types of feedstock used which includes corn, wheat and cassava. Currently, corn is the most popular feedstock used for the production of native starch. The report has also analyzed the market on a regional basis covering all the major states of India. Amongst these, Maharashtra represents the largest market for native starch, accounting for the majority of the total consumption. An evaluation of the competitive landscape of the market provides the details of the key players operative in the market. Some of the major players are Roquette Riddhi Siddhi, Gujarat Ambuja, Sukhjit Starch, Sayaji Industries and Universal Starch.
This report provides a deep insight into the Indian native starch industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a native starch manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the native starch industry in any manner.
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