India Cassava Starch Market – By Product Type, By Application, By Geography – India Opportunity Analysis & Industry Forecast, 2024-2030

India Cassava Starch Market Overview:

India Cassava Starch Market size is estimated to reach $364.9 million by 2030, growing at a CAGR of 7.9% during the forecast period 2024-2030. The market for cassava starch in India is primarily driven by its abundant availability as a raw material. Cassava serves as a crucial resource for starch production due to its suitability for industrial use, contributing significantly to the starch and starch derivative industry in India. The versatility of cassava in various value-added forms like starch, sago, chips, and flour further enhances its market demand within the country.

The India Cassava starch market is experiencing significant expansion primarily due to several key factors. Firstly, the abundant availability of cassava as a raw material plays a crucial role, supported by favorable agricultural conditions across various regions in India. This availability ensures a steady supply chain, essential for meeting the increasing demand from various industrial sectors. Secondly, technological advancements in processing techniques have enhanced the efficiency of cassava starch extraction, contributing to higher production yields and improved product quality. These advancements have attracted investments in processing infrastructure, further bolstering market growth. Additionally, changing consumer preferences towards natural and plant-based ingredients have fueled the demand for cassava starch in food and beverage applications, where it serves as a preferred alternative to synthetic additives. According to OECD-FAO Agricultural Outlook 2023-2032, output of cassava is growing at well over 3% p.a., almost three times the rate of population growth. Cultivated mainly in the tropical belt and in some of the world’s poorest regions, cassava production has doubled over two decades.

Market Snapshot: 

India Cassava Starch Market - Report Coverage:

The “India Cassava Starch Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the India Cassava Starch Market.

COVID-19 / Ukraine Crisis - Impact Analysis:  

• The COVID-19 pandemic significantly impacted the India Cassava starch market, reshaping various facets of its production, distribution, and demand. As a crucial industrial raw material, cassava starch faced disruptions primarily due to lockdowns and restrictions that hindered the movement of goods and labor. The initial phases of the pandemic saw a stark decline in production capacity as factories struggled with workforce shortages and stringent health regulations. Supply chain disruptions became a critical issue, with delays in the transportation of raw cassava to processing plants and the distribution of finished starch products to domestic and international market.
• The Russia-Ukraine conflict has impacted global agricultural markets, including the India cassava starch market, which is intricately linked to the broader starch and agricultural sectors. Disruptions in supply chains, particularly for raw materials and agricultural inputs, have created challenges for cassava starch producers in India.

Key Takeaways:

• Modified Cassava Starch is Leading the Market

Modified Cassava Starch type accounted for the largest share in 2023 and is estimated to reach $178.8 million by 2030. Modified Cassava Starch accounted for the largest share of the market in 2023, driven by its versatility and extensive applications across various industries. This form of starch, which undergoes physical, chemical, or enzymatic modifications to enhance its properties, has seen growing demand due to its improved functional attributes such as better stability, thickening, and gelling properties. Its adoption is particularly notable in the food and beverage industry, where it is used as a thickening agent, stabilizer, and texture enhancer. Additionally, the pharmaceutical sector utilizes modified cassava starch for its superior binding and disintegration qualities, while the paper and textile industries benefit from its adhesive and coating characteristics.

• Cross-linked Cassava Starch to Register Highest Growth

Cross-linked Cassava Starch segment is analyzed to grow with the highest CAGR 11.3% in the India Cassava Starch Market during the forecast period 2024-2030. The market growth is primarily attributed to the starch's unique properties, such as improved stability, resistance to acidic and high-temperature conditions, and enhanced texture, making it ideal for use in food, textile, paper, and adhesive industries. The abundant availability of cassava in India provides a sustainable and cost-effective raw material source, further bolstering its adoption. Additionally, the Indian government's supportive policies and initiatives to promote agricultural innovation and industrial applications of cassava also play a crucial role in this upward trajectory. In 2023, Government of Kerala announced US$1.08 M to Sree Chitra Thirunal College of Engineering (SCTCE) for the development of Biofuel Laboratory to conduct Pilot-scale studies on Economic Production of Bio-Ethanol from Cassava for Petrol Blending in the Transport Sector.

• Increasing Demand Across Various Industries is Driving the Market Growth.

The India cassava starch market is experiencing substantial growth driven by rising demand across diverse industries. Cassava, primarily an industrial crop in India, serves as a crucial raw material due to its versatility and applicability in sectors such as food and beverage, pharmaceuticals, textiles, and paper. The growth is particularly fueled by the food industry's adoption of cassava starch as a thickening agent, replacing traditional alternatives due to its cost-effectiveness and functional properties. Moreover, pharmaceutical companies are increasingly utilizing cassava starch in drug formulations for its binding and disintegration qualities. In the textile sector, it serves as a sizing agent and in paper manufacturing as a binder and surface coating. This expanding utility underscores cassava starch's significance in India's industrial landscape, driven by its abundant availability and competitive pricing compared to other starch sources like corn and potato. As industries continue to innovate and expand, the demand for cassava starch is projected to further rise, shaping the market's growth trajectory in the coming years. 

• Infrastructure Limitations as A Major Challenge

Infrastructure limitations pose a significant obstacle to the growth of the India cassava starch market. Despite the country's potential as a major cassava producer, inadequate transportation networks and storage facilities hamper distribution efficiency. The lack of modern processing plants further exacerbates this issue, leading to inefficiencies in starch extraction and production. Moreover, unreliable power supply and water scarcity in rural cassava-growing regions hinder consistent and scalable cultivation practices. These infrastructure challenges not only increase production costs but also limit market access for farmers and processors, impacting overall competitiveness in both domestic and international markets.

India Cassava Starch Market Share (%) By Region, 2023

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Key Market Players: 

Product launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the India Cassava Starch Market. The top 10 companies in this industry are listed below:

1. Everest Starch
2. Prakash Starch Products
3. General Starch Limited
4. SMS Corporation
5. Vijaya Lakshmi Adhesives
6. Ingredion
7. Varalakshmi Starch Industries
8. SVM Cassava
9.  Angel Starch and Food
10. Blue Craft Agro

Scope of the Report: 

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