Market Overview 2023-2028:
The native starch market in India size reached 5.9 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 9.0 Million Tons by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028. The growing application in various cleansing products, rising employment of native starch in cosmetic powders, and increasing adoption in the production of adhesives ideal for bonding paper-based materials represent some of the key factors driving the market.
Native starch refers to a polysaccharide found in various staple food crops, such as maize, potato, rice, and cassava. It is basically the pure form of starch and comprises long-chain carbohydrates that are insoluble in cold water and swell at different temperature conditions. It is incorporated in a wide variety of consumable products, such as bakery mixes, frozen cakes, sheeted snacks, batter mixes, brewing adjuncts, dry mix soups and sauces, processed meat, pudding powders, cold process salad dressings, dips, and fruit preparations. It is also added to pet food products as native starch is an effective source of energy for dogs and cats and enhances the density and texture of the product. It is used as a stabilizing, thickening, gelling, and moisture-retaining agent. It is also employed to stiffen textiles for improving the appearance of fabrics by imparting a glossy texture. It is widely used as a flocculant, binder, and bonding agent in the paper industry.
Native Starch Market in India Trends:
At present, the increasing demand for native starch as it is biodegradable, cost-effective, and renewable in nature represents one of the primary factors influencing the market positively in India. Besides this, the rising utilization of native starch in various cleansing products to provide a milky formulation, improve foam formation, and provide moisturization to the skin is propelling the growth of the market in the country. In addition, the growing employment of native starch in cosmetic powders, talc, and baby powder is offering a favorable market outlook. Apart from this, the increasing utilization of glucose syrup as a sweetener in manufacturing candies, fondants, and beer is contributing to the growth of the market in India. Additionally, there is a rise in the application of native starch in producing naturally genetically modified organism (GMO) free and non-allergic vegan cheese. This, coupled with the increasing production of various starch derivatives, such as maltodextrin and cyclodextrin, is supporting the market growth in the country. Moreover, the rising usage of bioethanol as a motor fuel and as an additive in gasoline is strengthening the market growth. Furthermore, the increasing adoption of native starch in the production of adhesives ideal for bonding paper-based materials and making corrugated boards and tube winding is bolstering the growth of the market in India.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the native starch market in India report, along with forecasts at the country and state level from 2023-2028. Our report has categorized the market based on end use and feedstock.
End Use Insights:
- Other Industries
The report has provided a detailed breakup and analysis of the native starch market in India based on the end use. This includes food, textile, paper, pharmaceuticals, and other industries. According to the report, food represented the largest segment.
- Corn Starch
- Cassava Starch
- Wheat Starch
A detailed breakup and analysis of the native starch market in India based on the feedstock has also been provided in the report. This includes corn starch, cassava starch, wheat starch, and others.
- Andhra Pradesh
- Himachal Pradesh
- Madhya Pradesh
- Tamil Nadu
- Uttar Pradesh
- West Bengal
The report has also provided a comprehensive analysis of all the major regional markets, which include 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. According to the report, Maharashtra was the largest market for native starch in India. Some of the factors driving the Maharashtra native starch market in India included the growing integration of starch in various local cuisines, increasing employment in the pharmaceutical industry, rising incorporation of starch in numerous baked products, etc.
The report has also provided a comprehensive analysis of the competitive landscape in the native starch market in India. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Roquette Riddhi Siddhi Private Limited, Gujarat Ambuja Exports Limited, Sukhjit Starch & Chemicals Ltd., Sayaji Industries Limited, Universal Starch Chem Allied Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
||End Use, Feedstock, State
||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, Others
||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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Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the native starch market in India from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the native starch market in India.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key state-level markets.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the native starch market in India industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.