India Corn Starch Market - Forecast(2021 - 2026)

India corn starch market is estimated to be valued at 1.37 Billion in 2018 and is estimated to grow at a CAGR of 3.9% during the forecast period 2019–2024. India Corn Starch market growth can be attributed to the easy availability of corn and its wide range of applications in various industries such as food and beverage, pharmaceutical, animal feed, textile industry, paper industry, and others. The Food and Beverage industry dominated the application segment of India Corn Starch Market. The rapid growth of population, as well as rapid industrialization, have propelled the growth of India corn starch market.

Report Coverage

The report: “India Corn Starch Market – Forecast (2019-2024)”, by IndustryARC covers an in-depth analysis of the following segments of the India Corn Starch Market:

•By Type

•Native Corn Starch

•Modified Corn Starch

•Hydrolyzed Corn Starch

•Ether Corn Starch

•Resistant Corn Starch

•Pregelatinized Corn Starch

•Sweeteners

•By Application

•Food & Beverages

•Animal Feed

•Pharmaceuticals

•Chemicals

•Textiles

•Paper and Corrugated

•Others

•By Region

•South India

•North India

•West India

•Northeast India

•East India

 Key Takeaways

· Growing use of corn starch in food and beverage applications is anticipated to drive development in the India corn starch industry. Further, a detailed analysis of other applications is provided in the report.

· Key sustainability strategies such as partnerships or acquisitions are being adopted by the market players to ensure the growth of the India Corn Starch market. A comprehensive study on the significant development by the key companies is mentioned in the report.

· It is evaluated that the North India region is showing the highest potential to become an evolving Corn Starch market and record the fastest CAGR over the forecast period. The corn starch markets of other areas in India are also mentioned.

 Type - Segment Analysis

In 2018, corn-based sweeteners dominated the starch type segment of the India corn starch market in terms of revenue. Corn-based sweeteners cost less than any other caloric sweetener. The corn-based sweetener such as High-Fructose Corn Syrup (HFCS) is a very stable sweetener that comes in a liquid form. Owing to its form, HFCS is very easy to handle and having a cost-effective manufacturing process. The extensive application of this product in manufacturing is set to drive the India corn starch market growth. HFCS is used for making processed foods, breakfast cereals, and soft drinks.


Application - Segment Analysis

Food and Beverages industry dominate India Corn Starch market in the application segment, which accounted for the largest share in 2018. Food and Beverage application is estimated to grow at a CAGR of 4.5% during the forecast year. The growing uses of corn starch as an artificial sweetener and as a thickening agent used in gluten-free food has resulted in the growth of the India corn starch market. The wide application of corn starch in a variety of industries can propel the growth of the India corn starch market during the forecast period 2019-2024.

Region - Segment Analysis

In 2018, North India region was estimated to represent the largest share of the India Corn Starch market in terms of revenue. Growth of the North India Corn Starch market can be mainly attributed to the increasing prevalence of the celiac disease among people in this region, which forces them to have a gluten-free diet. Celiac disease is caused by the consumption of gluten-rich food such as wheat foods. Corn Starch is used as an alternative to wheat starch, and it does not contain gluten. People that have the celiac disease can safely consume foods that contain corn starch. The rise in the use of corn starch as an alternative to wheat starch in food has resulted in the overall growth of the India Corn Starch Market.

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Location: United States

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