India Modified Starch Market

SKU: DMFB2629 | Last Updated On: Nov 08 2022 | Available Formats

> India Modified Starch Market expected to reach a 3.6 CAGR by 2029: DataM Intelligence

India Modified Starch Market is segmented By Type (Pregelatinized Starch, Oxidized Starch, Cationic Starch, Anionic Starch, Cross-Linked Starch, Thinned Starch, Acetylated Starch, Dextrin, Starch Ethers, Physically Modified Starch, Enzymatically Modified Starch, Others), By Source (Corn, Tapioca, Wheat, Potato, Others), By Application (Thickening Agent, Stabilizer, Disintegrant, Binding Agent, Emulsifier, Others), By End-User (Food & Beverages (Bakery & Confectionery, Snacks, Soups & Sauces, Others (Noodles, RTD Mixes)), Pharmaceuticals, Paper Industry, Textile Industry, Others (Adhesives, Construction Materials, Plastic)), and By Region (North India, South India, West India, East India) – Share, Size, Outlook, and Opportunity Analysis, 2022 - 2029

[150 Pages Report] India's Modified Starch Market is expected to grow at a high CAGR of 3.6% during the forecasting period (2022 - 2029).

India's Modified Starch Market - Strategic Insights

Metrics

Details

Market CAGR

3.6%

Segments Covered

By Type, By Source, By Application, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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India is the second-largest populated country in the world and the third-largest economy in the Asia Pacific region. India has a well-established starch production industry with many manufacturers producing starch of various types, grades, and sources. The abundance of raw materials including corn, potato, and rice supported starch production in the country. However, modified starch production was small in the country, and most of the domestic demand has been catered by imports from countries such as Thailand. The rapidly growing processed food industry and shifting consumer interest toward snacks has been driving the growth of the modified starch market in India. the food industry evolved as the most lucrative market owing to the liberalized regulations towards the use of modified starch in food production

Market Dynamics

The food and beverage industry has been the largest end-user for modified starches in India. Snacks, in particular, evolved as the major growth bearer in the industry. Cookies, cereal bars, chips, and instant noodles, among others, are increasingly using modified starch formulations

Modified starches greatly affect the textural features of these snacks, including crispiness, uniformity, and puffing. For instance, chemically modified starch is used to provide the desired hardness to cookies and impart texture and stability for bars. Thus, the demand for modified starch in snack preparation has been significantly growing

The rapid growth in the snacking industry will bolster the growth of the modified starch industry in India. According to industry estimates, the domestic snacks market is estimated to witness a growth in CAGR over the next decade, considering the growing snacking preferences and consumption frequency

Also, the  development of functional and processed food sectors in the country will drive the modified starch market

Furthermore, the ease of regulatory implications on the use of modified starch in the food industry is propelling the market growth. In 2016, the Food Safety and Standards Authority of India (FSSAI) permitted the use of modified starches in domestic processed food production under GMP conditions

Market Segmentation

By Source

By source, corn is leading the modified starch industry in India. And is contributing significantly to the world shares in dollars.

Corn is the largest source of starch in the country. The large availability of corn from domestic farm production has been promoting the corn starch production industry historically. Also, it is the most widely used starch type in industrial and food industries

The development of novel snacks and other processed food categories motivated the modification of corn starch to provide superior textural benefits

Besides its major use in food processing, corn-modified starch is also gaining prominence in the paper and textile industries.

The low viscosity of modified corn starch made it an ideal choice for improving dry strength in paper mills over native starches.

As of 2019, of the total corn-based starch used in the paper industry, nearly 80% was modified, representing its significance in the paper industry.

Modified corn starch industry in India is expected to grow at a high CAGR over the forecast period 2022-2029.

Frequently Asked Questions

What is the Projected CAGR value of the Modified Starch Market?

Modified Starch Market is expected to grow at a CAGR of 3.6% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Modified Starch Market during 2022-2029

Which is the fastest growing region in the Modified Starch Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period 

Related Topic’s

Modified Starch Market

Industrial Starch Market

Starch Coating Market

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