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India Starch Market-Industry Analysis, Market Size, Share, Trends, Growth And Forecast 2024-2030
India Starch Market Overview:
India Starch Market size is estimated to reach $5,217.1 million by 2030, growing at a CAGR of 6.2% during the forecast period 2024-2030. The India starch market has been experiencing significant growth, driven by increasing demand from various end-use industries such as food and beverages, pharmaceuticals, textiles, paper, and packaging. The market's expansion is fueled by the rising preference for convenience foods, which often contain starch as a key ingredient. Additionally, the pharmaceutical industry utilizes starch in the production of tablets and capsules, further bolstering market demand.
Cornstarch, the most dominant segment, benefits from its wide applications in food processing, textile sizing, and paper manufacturing. The growth of the packaged food industry, coupled with increasing urbanization and changing dietary habits, has led to heightened consumption of modified starches.
The textile industry, which uses starch for fabric finishing and sizing, also significantly contributes to the market. Innovations in starch derivatives and the development of biodegradable packaging materials are opening new avenues for growth.
However, the market faces challenges such as fluctuating raw material prices and competition from alternative thickeners and stabilizers. Despite these hurdles, the India starch market is projected to continue its upward trajectory, supported by robust industrial demand and advancements in starch technology.
Market Snapshot:
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India Starch Market - Report Coverage:
The “India Starch Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the India Starch Market.
| Attribute | Segment |
|---|---|
|
Product Type |
o Native Rice Starch o Modified Rice Starch
o Sweeteners and Derivatives
o Native Starch o Modified Starch
o Sweeteners and Derivatives
o Native Tapioca Starch o Modified Tapioca Starch
o Sweeteners and Derivatives
o Native Corn Starch o Modified Corn Starch
o Sweeteners and Derivatives
o Others
|
|
By Application |
o Food & Beverage
o Paper and Packaging o Textile o Adhesives o Chemicals o Pharmaceuticals o Animal Feed o Others
o Food & Beverages
o Paper and Packaging o Textile o Adhesives o Chemicals o Pharmaceuticals o Oil and Gas o Personal Care and Cosmetics o Others
o Food & Beverage
o Paper and Packaging o Textile o Adhesives o Personal Care and Cosmetics o Pharmaceuticals o Mining o Construction
o Food & Beverage
o Paper and Packaging o Textile o Adhesives o Chemicals o Pharmaceuticals o Animal Feed and Agriculture o Personal Care and Cosmetics Others |
|
By Geography |
○ India
|
COVID-19 / Ukraine Crisis - Impact Analysis:
- The COVID-19 pandemic disrupted the India starch market as lockdowns and supply chain disruptions affected production and distribution. Demand from key sectors like food processing and textiles fluctuated due to economic uncertainties and reduced consumer spending. However, increased consumption of packaged and convenience foods during the pandemic provided some resilience. Overall, the market faced challenges but adapted with evolving consumer behaviors and recovery efforts.
- The Ukraine crisis impacted the India starch market by causing supply chain disruptions and increasing raw material costs, particularly for corn and wheat. These challenges led to price volatility and affected production schedules. Additionally, the crisis influenced global trade dynamics, creating uncertainties in the import-export landscape, thereby impacting the market's stability and growth prospects in India.
Key Takeaways:
-
Corn Starch is Leading the Market
Corn Starch type accounted for the largest share in 2023 and is estimated to reach $ 4,759.81 million by 2030. Its widespread use in the food and beverage sector, especially in processed foods, bakery products, and confectioneries, drives substantial demand. Additionally, corn starch's role as a thickening, stabilizing, and binding agent enhances its appeal. In the textile industry, corn starch is crucial for fabric finishing and sizing, ensuring smoother production processes. India's textile exports surpassed $44 billion in FY 2022, reflecting the robust performance of the textile industry and its significant contribution to the country's export economy. India's booming textile industry, with over $44 billion in exports, suggests potential growth opportunities for corn starch in textile manufacturing processes. The paper industry also relies on corn starch for its adhesive properties and surface treatment benefits. Furthermore, the pharmaceutical sector utilizes corn starch in drug formulations. The market's growth is bolstered by increasing urbanization, rising consumer preference for convenience foods, and ongoing innovations in starch derivatives and applications.
-
Pharmaceuticals to Register Highest Growth
Pharmaceuticals segment is analyzed to grow with the highest CAGR 6.1% in the India Starch Market during the forecast period 2024-2030. This surge is driven by the increasing demand for starch derivatives, such as dextrins and starch-based excipients, which are critical in the formulation of drugs. These derivatives enhance the stability, solubility, and bioavailability of pharmaceutical products, making them indispensable in modern drug development. Additionally, the expanding healthcare sector and rising prevalence of chronic diseases have heightened the need for advanced pharmaceutical solutions, thereby boosting the demand for high-quality starch ingredients. According to the Government of India, the pharmaceutical sector in India is projected to reach US$ 100 billion by 2025. Moreover, stringent regulations and quality standards imposed by pharmaceutical regulatory bodies are further propelling the adoption of starch-based materials. Companies are investing in research and development to innovate and expand their product portfolios, positioning themselves to capture a larger share of this burgeoning market.
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Growing Demand from Food & Beverage Industry is Driving the Market Growth.
The growing food and beverage industry is a major driver of the India starch market. Starch is widely used as a thickening, gelling, and stabilizing agent in various food products, including sauces, soups, baked goods, and confectioneries. The rising disposable income and changing consumer preferences towards convenience and processed foods have significantly increased the demand for starch in the food sector. Additionally, the trend towards healthier and organic food options has led to the development of modified starches that cater to specific dietary needs. The expansion of the retail sector and the proliferation of supermarkets and hypermarkets further contribute to the accessibility and availability of starch-based products, thereby fueling market growth.
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Fluctuating Raw Material Prices is a Major Challenge
One of the major challenges facing the India starch market is the volatility in raw material prices. Starch production primarily relies on agricultural commodities such as corn, potato, and tapioca. Fluctuations in the prices of these raw materials due to factors like weather conditions, crop yield variations, and global market dynamics directly impact the cost of starch production. Additionally, competition for these commodities from other industries, such as biofuels and animal feed, can lead to supply constraints and further price increases. This volatility makes it difficult for manufacturers to maintain stable pricing for their products, affecting profitability and posing a significant challenge to long-term strategic planning and market competitiveness.
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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 Starch Market. The top 10 companies in this industry are listed below:
- Gujarat Ambuja Exports
- Roquette India Private Limited
- The Sukhjit Starch & Chemicals Ltd.
- Bluecraft Agro
- Sayaji Industries
- Gulshan Polyols Ltd.
- Sanstar
- Universal Starch-Chem Allied
- HL Agro
- Tirupati Starch & Chemicals Ltd.
Scope of the Report:
| Report Metric | Details |
|---|---|
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
6.2% |
|
Market Size in 2030 |
$ 5,217.1 million |
|
Segments Covered |
Product Type, Application and Region |
|
Geographies Covered |
North India, South India, East and Northeast India, West India |
|
Key Market Players |
|
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1. Starch Market - Market Overview
1.1 Definitions and Scope
2. Starch Market - Executive Summary
2.1 Key Trends by Product Type
2.2 Key Trends by Application
2.3 Key Trends by Starch Type
2.4 Key Trends by Geography
3. Starch Market – Comparative analysis
3.1 Market Share Analysis - Major Companies
3.2 Product Benchmarking - Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis - Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Starch Market - Startup Companies Scenario
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Starch Market – Industry Market Entry Scenario Premium
5.1 Regulatory Framework (Schemes) Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Starch Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porter's Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Starch Market – Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Starch Market – by Product Type (Market Size - US$ Million/Billion)
8.1 Rice Starch
8.2 Potato Starch
8.3 Tapioca Starch
8.4 Corn Starch
9. Potato Starch Market – by Product Type (Market Size - US$ Million/Billion)
9.1 Native Starch
9.2 Modified Starch
9.2.1 Pregelatinized Starch
9.2.2 Cross-linked Starch
9.2.3 Acetylated Starch
9.2.4 Oxidized Starch
9.2.5 Hydroxypropylated Starch
9.2.6 Phosphated Distarch Phosphate
9.2.7 Others
9.3 Sweeteners and Derivatives
9.3.1 Potato Syrup
9.3.2 High Fructose Potato Syrup
9.3.3 Potato Dextrose
9.3.4 Maltodextrin
9.3.5 Glucose Syrup
9.3.6 Others
10. Potato Starch Market – by Application (Market Size - US$ Million/Billion)
10.1 Food & Beverages
10.1.1 Cookies & Biscuits
10.1.2. Breads
10.1.3. Cakes & Pastries
10.1.4. Chocolates
10.1.5. Processed Cheese & Alternatives
10.1.6. Ice Creams & Frozen Foods
10.1.7. Non-Dairy Beverages & Specialized Nutrition
10.1.8. Dairy based Beverages
10.1.9. Noodles & Pastas
10.1.10. Savory & Snacks
10.1.11. Sauces, Dips & Dressings
10.1.12. Others
10.2 Paper and Packaging
10.3 Textile
10.4 Adhesives
10.5 Chemicals
10.6 Pharmaceuticals
10.7 Oil and Gas
10.8 Personal Care and Cosmetics
10.9 Others
11. Corn Starch Market – by Application (Market Size - US$ Million/Billion)
11.1 Food & Beverage
11.1.1 Cookies & Biscuits
11.1.2. Breads
11.1.3.Cakes & Pastries
11.1.4. Chocolates
11.1.5. Processed Cheese & Alternatives
11.1.6. Ice Creams & Frozen Foods
11.1.7. Non-Dairy Beverages & Specialized Nutrition
11.1.8. Dairy based Beverages
11.1.9. Noodles & Pastas
11.1.10. Savory & Snacks
11.1.11. Sauces, Dips & Dressings
11.1.12. Others
11.2 Paper and Packaging
11.3 Textile
11.4 Adhesives
11.5 Chemicals
11.6 Pharmaceuticals
11.7 Animal Feed and Agriculture
11.8 Personal Care and Cosmetics
11.9 Others
12. Corn Starch Market – by Product Type (Market Size - US$ Million/Billion)
12.1 Native Corn Starch
12.2 Modified Corn Starch
12.2.1 Yellow Dextrin
12.2.2 White Dextrin
12.2.3 Corn Flour
12.2.4 Baking Powder
12.2.5 Custard Powder
12.2.6 Icing Sugar
12.2.7 Others
12.3 Sweeteners and Derivatives
12.3.1 Glucose Syrup
12.3.2 High Fructose Corn Syrup
12.3.3 High Maltose Corn Syrup
12.3.4 Maltodextrin
12.3.5 Dextrose Monohydrate
12.3.6 Dextrose Anhydrous
12.3.7 Liquid Sorbitol
12.3.8 Others
12.4 Others
12.4.1 Germ
12.4.2 Gluten
12.4.3 Fiber
12.4.4 Enrich Fiber
12.4.5 Corn Steep Liquor
12.4.6 Oxidized Starch
12.4.7 Cationic Starch
12.4.8 Thin Boiled Starch
12.4.9 Pregel Starch
12.4.10 Spray Starch
13. Tapioca Starch Market – by Product Type (Market Size - US$ Million/Billion)
13.1 Native Tapioca Starch
13.2 Modified Tapioca Starch
13.2.1 Pregelatinized Tapioca Starch
13.2.2 Cross-linked Tapioca Starch
13.2.3 Acetylated Tapioca Starch
13.2.4 Oxidized Tapioca Starch
13.2.5 Cationic Tapioca Starch
13.2.6 Hydroxy propylated Tapioca Starch
13.2.7 Others
13.3 Sweeteners and Derivatives
13.3.1 Tapioca Syrup:
13.3.2 Maltodextrin
13.3.3 Tapioca Maltose
13.3.4 High-Fructose Tapioca Syrup
13.3.5 Tapioca Dextrose
13.3.6 Others
14. Tapioca Starch Market – by Application (Market Size - US$ Million/Billion)
14.1 Food & Beverage
14.1.1 Cookies & Biscuits
14.1.2. Breads
14.1.3. Cakes & Pastries
14.1.4. Chocolates
14.1.5. Processed Cheese & Alternatives
14.1.6. Ice Creams & Frozen Foods
14.1.7. Non-Dairy Beverages & Specialized Nutrition
14.1.8. Dairy based Beverages
14.1.9. Noodles & Pastas
14.1.10. Savory & Snacks
14.1.11. Sauces, Dips & Dressings
14.1.12. Others
14.2 Paper and Packaging
14.3 Textile
14.4 Adhesives
14.5 Personal Care and Cosmetics
14.6 Pharmaceuticals
14.7 Mining
14.8 Construction
14.9 Others
15. Rice Starch Market – by Product Type (Market Size - US$ Million/Billion)
15.1 Native Rice Starch
15.2 Modified Rice Starch
15.2.1 Pregelatinized Rice Starch
15.2.2 Cross-linked Rice Starch
15.2.3 Acid Modified Rice Starch
15.2.4 Oxidized Rice Starch
15.2.5 Stabilized Rice Starch
15.2.6 Hydroxypropylated Rice Starch
15.2.7 Others
15.3 Sweeteners and Derivatives
15.3.1 Rice Malt Syrup:
15.3.2 Rice Maltodextrin
15.3.3 Rice Oligodextrins
15.3.4 Rice Syrup Solids
15.3.5 Rice Protein Isolate
15.3.6 Others
16. Rice Starch Market – by Application (Market Size - US$ Million/Billion)
16.1 Food & Beverage
16.1.1 Cookies & Biscuits
16.1.2. Breads
16.1.3. Cakes & Pastries
16.1.4. Chocolates
16.1.5. Processed Cheese & Alternatives
16.1.6. Ice Creams & Frozen Foods
16.1.7. Non-Dairy Beverages & Specialized Nutrition
16.1.8. Dairy based Beverages
16.1.9. Noodles & Pastas
16.1.10. Savory & Snacks
16.1.11. Sauces, Dips & Dressings
16.1.12. Others
16.2 Paper and Packaging
16.3 Textile
16.4 Adhesives
16.5 Chemicals
16.6 Pharmaceuticals
16.7 Animal Feed
16.8. Others
17. Starch Market - by Geography (Market Size - US$ Million/Billion)
17.1 India
17.1.1 North India
17.1.2 South India
17.1.3 East and Northeast India
17.1.4 West India
18. Crop Production Assessment
18.1 Potato Starch
18.2 Corn Starch
18.3 Tapioca Starch
18.4 Rice Starch
19. Starch Market – Import Export Analysis
19.1 Import Analysis
19.1.1 Potato Starch
19.1.2 Corn Starch
19.1.3 Tapioca Starch
19.1.4 Rice Starch
19.2 Export Analysis
19.2.1 Potato Starch
19.2.2 Corn Starch
19.2.3 Tapioca Starch
19.2.4 Rice Starch
20. Starch Market – Production Capacity Assessment
20.1 Potato Starch
20.2 Corn Starch
20.3 Tapioca Starch
20.4 Rice Starch
21. Starch Market – Entropy
21.1 New Product Launches
21.2 M&As, Collaborations, JVs and Partnerships
22. Starch Market – Industry/Segment Competition Landscape
22.1 Market Share in India - Major company
22.1.1 Potato Starch
22.1.2 Corn Starch
22.1.3 Tapioca Starch
22.1.4 Rice Starch
22.2 Market Share by Local Indian Production - Major companies
22.2.1 Potato Starch
22.2.2 Corn Starch
22.2.3 Tapioca Starch
22.2.4 Rice Starch
23. Starch Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
23.1 Gujarat Ambuja Exports
23.2 Roquette India Private Limited
23.3 The Sukhjit Starch & Chemicals Ltd.
23.4 Bluecraft Agro
23.5 Sayaji Industries
23.6 Gulshan Polyols Ltd.
23.7 Sanstar
23.8 Universal Starch-Chem Allied
23.9 HL Agro
23.10 Tirupati Starch & Chemicals Ltd.
"Financials to the Private Companies would be provided on best-effort basis."
The India Starch Market is projected to grow at 6.2% CAGR during the forecast period 2024-2030.
India Starch Market size is estimated to surpass $5,217.1 million by 2030 from $3,458.3 million in 2023
The leading players in the India Starch Market are Gujarat Ambuja Exports, Roquette India Private Limited, The Sukhjit Starch & Chemicals Ltd., Bluecraft Agro, Sayaji Industries and others.
Major trends shaping the India Starch market include increasing demand for clean-label and natural ingredients, advancements in sustainable packaging, growth in the processed food sector, and innovations in pharmaceutical applications enhancing drug delivery efficiency.
Growing Food & Beverage Industry, Expanding Pharmaceutical Sector and Rising Demand for Low-calorie Food Products are some of the driving factors of the market. Moreover, increasing focus on vehicle safety among the factor’s opportunities of the market growth.