India Modified Starch Market Size, Share, Industry, and Forecast (2024-2031)

Market Overview:

The India Modified Starch Market is witnessing significant growth, with a projected increase from USD 527.5 million in 2022 to USD 809.5 million by 2031, at a CAGR of 5.5% during the forecast period 2024-2031. This growth is driven by factors such as population growth, changing consumer preferences, and expanding industries, particularly in food and beverages and textiles.

Market Dynamics:

The rise in popularity of convenience and packaged foods among Indian consumers is driving the demand for modified starch. Ready-to-eat meals and snacks are becoming increasingly popular due to busy lifestyles and changing dietary preferences, boosting the market share of modified starch in India.

The Indian textile industry is a significant driver of the modified starch market, particularly in the textile sizing segment. As the textile industry experiences growth fueled by rising domestic consumption and increasing exports, the demand for modified starches as sizing agents is also increasing.

Availability and cost of raw materials like corn, tapioca, wheat, and potatoes impact the market share of modified starch in India. Fluctuations in prices and limited availability of these raw materials can affect production and supply chains, posing challenges to market growth.

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Segment Analysis:

Corn-based modified starch dominates the India market, accounting for over 50% of the market share. Its widespread use in various industries such as food and beverages, pharmaceuticals, and textiles can be attributed to its functional properties and cost-effectiveness.

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Competitive Landscape:

Major players in the India Modified Starch Market include Roquette India Pvt. Ltd., Gujarat Ambuja Exports Limited, and Universal Starch-Chem Allied Limited. These companies focus on innovation and strategic partnerships to maintain their market presence and meet the growing demand for modified starch in India.

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