India Starch and Starch Derivative Market Size

India Starch And Starch Derivative Market Analysis

The India Starch and Starch Derivative Market size is expected to grow from USD 3.93 billion in 2023 to USD 4.92 billion by 2028, at a CAGR of 4.60% during the forecast period (2023-2028).

• Starch derivatives make up more than half of the market for starch derivatives and are utilized as thickeners, emulsifiers, gelling agents, and film-forming additives in the food industry. The range of uses for modified starches has been greatly increased due to their better functionality. Their functional characteristics greatly influence how well starches perform in the marketplace.
• Starch derivatives are used by many companies for a range of applications. They are used as thickeners and stabilizers in the food and beverage industry, as tablet binders in the pharmaceutical industry, as an emulsifier in the cosmetics industry, and as fiber additives in animal feed. Improved flocculation, adhesiveness, film formation, pH stability, shear stability, acid stability, and process tolerance are among the additional functions carried out by starch derivatives. The market is majorly driven by the abundant availability of raw materials from which starch is derived, low production costs incurred by the manufacturers, and the presence of many new players in the market.
• Also, the market is highly impacted by the export-import factors, which add high value to the revenue. Due to high production and less consumption of starch and starch derivatives in India, exports contribute, to a larger extent, to the growth of the market studied. In addition, the functional properties possessed by starch derivatives have also been instrumental in promoting their use in the pharmaceutical, cosmetic, and bioethanol industries.
• In addition, it is used in the chemical, agricultural, medical, and healthcare sectors as a culture medium, a bulking agent, a caking agent, a dehumidifier, and a bulking agent. The paper and pulp business uses surface sizer, corrugated paper, layer binder, and gummed tape as wet end additives. It is used in the textile industry for printing, glass fibers, warp sizing, spray sizing, and finishing. They are also used in dry cells, cement retardants, thickeners for acid pickling, ceramic fibers, and a variety of other applications.
• Starch is also often used in the cosmetics industry for a number of products, such as creams, shaving gels, lotions, bath treatments, and body powders. The market for starch derivatives is expected to expand as consumers become more interested in utilizing natural cosmetics. Furthermore, with increasing innovation, the applications in the confectionery segment are expected to grow at a faster rate, which leads to an increase in the requirement for glucose-corn syrup in food applications.
• However, inadequate manufacturing of specialty and modified starches to meet the demand from different sectors is restraining the market growth across the country.