India Native Starch Market to Reach a Volume of 4.2 Million Tons by 2023by IVO Smith Business Analyst
Expanding applications of native starch across various sectors remain the primary growth driving factors.
In terms of consumption, food industry accounts for the majority of the market share.
Karnataka holds the majority of the total share, representing the largest market.
Owing to the use of native starch in the manufacturing of a number of food products, the strong growth of the food industry has positively influenced its demand in the country. Development and expansion of paper and textile industries have also contributed towards the growth of the market as native starch enhances the strength of paper and is used as surface sizing agents in the textile sector. In the pharmaceutical industry, native starch finds applications as a diluent, disintegrant, binder and lubricant in many conventional tablets and capsules, stimulating its market growth in the region. Further, native starch is now being used in the production of biodegradable polymers and plastics which is anticipated to give a thrust to its demand. According to the report, the market is expected to reach a volume of 4.2 Million Tons by 2023.
The market has been segmented on the basis of product type. Currently, corn starch accounts for the majority of the market share. Based on end-use industries, food represents the largest market followed by ethanol, paper and pharmaceuticals. On the basis of region, Karnataka remains the biggest producer of native starch, accounting for the majority of the total share. The other major markets include Gujarat, Maharashtra, Punjab and Uttarakhand. Some of the key players operating in the market are Roquette Riddhi Siddhi, Anil Ltd., Sukhjit Starch and Chemicals, Sayaji Industries and EICL.
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Created on Apr 18th 2019 06:17. Viewed 292 times.