India Potato Starch Market Shipment Analysis
India Potato Starch Market registered a growth of 5.93% in value shipments in 2022 as compared to 2021 and a decrease of -9.3% CAGR in 2022 over a period of 2017. In Potato Starch Market India is becoming less competitive as HHI index in 2022 was 2992 while in 2017 it was 2359. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Potato Starch Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Potato Starch Market in 2022 was 0.98 while in 2017 it was 7.61. Denmark, Poland, Netherlands, France and Germany were among the top players of the market in 2022, where Denmark acquired the largest market share of 48.35% with a shipment value of 1.09 million USD in 2022 Denmark also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Potato Starch Market. In 2017 Netherlands had the largest market share of 30.01% with the shipment value of 1.14 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Netherlandsprice is lower than the average price, it provided a significant edge among other competitor in 2017.
India Potato Starch Market Synopsis
The Indiapotato starch market is projected to witness significant growth due to increasing demand from end-use industries such as food and beverage, pharmaceuticals, cosmetics, paper manufacturing, construction materials, etc. Factors such as rapid urbanization & industrialization in the country and rise in disposable income have also contributed towards driving the market growth. Additionally, increased application of potato starch for its gluten-free nature has further boosted its consumption across various sectors.
Market Drivers
Growing Demand from End-Use Industries: The growing demand for potato starch mainly arises from its extensive use in several end-use applications such as the food and beverages industry for thickening products like sauces & gravies; bakery items like cakes & pastries; dairy products like yogurt and ice-creams; pet foods, etc. It is also used by the pharmaceutical industry to stabilize drugs during storage or transportation. Similarly, it helps manufacturers of textiles, apparel, footwear, furniture, and other consumer goods with binding agents. Moreover, their potential use in biodegradable packaging material is expected to result in new opportunities for the market players.
Challenges of the Market
High Production Cost : Potato cultivation is highly dependent upon climatic conditions which often results into crop failure leading to reduced availability of raw material required for producing potato starch making it costlier than some other starches available commercially. This increases production costs significantly resulting into higher prices of finished products made up of this particular starch limiting its appeal among consumers who are price conscious especially when there are substitutes available at lower prices.
Key Players in the Market
Major players operating within the India Potato Starch Market include Agrana India Pvt Ltd., Amylon Products Private Limited, Gulshan Polyols Limited (GPL), Riddhi Siddhi Gluco Biols Ltd., Roquette Frères S/A , Shree Renuka Sugars Limited , Sudstar Industries Pvt Ltd., Tate & Lyle PLC among others
Key Highlights of the Report:
- India Potato Starch Market Outlook
- Market Size of India Potato Starch Market, 2021
- Forecast of India Potato Starch Market, 2028
- Historical Data and Forecast of India Potato Starch Revenues & Volume for the Period 2018 - 2028
- India Potato Starch Market Trend Evolution
- India Potato Starch Market Drivers and Challenges
- India Potato Starch Price Trends
- India Potato Starch Porter's Five Forces
- India Potato Starch Industry Life Cycle
- Historical Data and Forecast of India Potato Starch Market Revenues & Volume By Nature for the Period 2018 - 2028
- Historical Data and Forecast of India Potato Starch Market Revenues & Volume By Organic for the Period 2018 - 2028
- Historical Data and Forecast of India Potato Starch Market Revenues & Volume By Conventional for the Period 2018 - 2028
- Historical Data and Forecast of India Potato Starch Market Revenues & Volume By End-users for the Period 2018 - 2028
- Historical Data and Forecast of India Potato Starch Market Revenues & Volume By Textile & Paper for the Period 2018 - 2028
- Historical Data and Forecast of India Potato Starch Market Revenues & Volume By Food & Beverages for the Period 2018 - 2028
- Historical Data and Forecast of India Potato Starch Market Revenues & Volume By Pharmaceuticals for the Period 2018 - 2028
- India Potato Starch Import Export Trade Statistics
- Market Opportunity Assessment By Nature
- Market Opportunity Assessment By End-users
- India Potato Starch Top Companies Market Share
- India Potato Starch Competitive Benchmarking By Technical and Operational Parameters
- India Potato Starch Company Profiles
- India Potato Starch Key Strategic Recommendations
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Potato Starch Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Potato Starch Market Revenues & Volume, 2021 & 2028F |
3.3 India Potato Starch Market - Industry Life Cycle |
3.4 India Potato Starch Market - Porter's Five Forces |
3.5 India Potato Starch Market Revenues & Volume Share, By Nature, 2021 & 2028F |
3.6 India Potato Starch Market Revenues & Volume Share, By End-users, 2021 & 2028F |
4 India Potato Starch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Potato Starch Market Trends |
6 India Potato Starch Market, By Types |
6.1 India Potato Starch Market, By Nature |
6.1.1 Overview and Analysis |
6.1.2 India Potato Starch Market Revenues & Volume, By Nature, 2018 - 2028F |
6.1.3 India Potato Starch Market Revenues & Volume, By Organic, 2018 - 2028F |
6.1.4 India Potato Starch Market Revenues & Volume, By Conventional, 2018 - 2028F |
6.2 India Potato Starch Market, By End-users |
6.2.1 Overview and Analysis |
6.2.2 India Potato Starch Market Revenues & Volume, By Textile & Paper, 2018 - 2028F |
6.2.3 India Potato Starch Market Revenues & Volume, By Food & Beverages, 2018 - 2028F |
6.2.4 India Potato Starch Market Revenues & Volume, By Pharmaceuticals, 2018 - 2028F |
7 India Potato Starch Market Import-Export Trade Statistics |
7.1 India Potato Starch Market Export to Major Countries |
7.2 India Potato Starch Market Imports from Major Countries |
8 India Potato Starch Market Key Performance Indicators |
9 India Potato Starch Market - Opportunity Assessment |
9.1 India Potato Starch Market Opportunity Assessment, By Nature, 2021 & 2028F |
9.2 India Potato Starch Market Opportunity Assessment, By End-users, 2021 & 2028F |
10 India Potato Starch Market - Competitive Landscape |
10.1 India Potato Starch Market Revenue Share, By Companies, 2021 |
10.2 India Potato Starch Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
