India Potato Starch Market Outlook (2018 to 2032)
The above chart is India Potato Starch Market Outlook (2018 to 2032)
the indian potato starch market has witnessed strong growth over the past few years, owing to the increasing population and the rising demand for food products. india is one of the largest producers and consumers of potatoes in the world, with an estimated production of 33 million tonnes in 2018. this has resulted in a corresponding rise in the demand for potato starch due to its uses in food processing, industrial and pharmaceutical industries. the demand for potato starch in india is expected to remain high for the foreseeable future. according to market research, the demand is expected to grow at a cagr of 9.1 percent from 2018 to 2032. this growth rate is higher than that of the global levels and can be attributed to the increasing population, preference towards processed food, changing consumer lifestyles and rising disposable incomes. in terms of regional demand, the north, west and south zones of the country are expected to remain the biggest consumers of potato starch. this can be attributed to the presence of a strong food and beverage industry in these regions as well as the preference for processed foods. moreover, the increasing disposable income and changing market dynamics of these regions is contributing to the growth in demand for the product. the demand for potato starch from the industrial sector is also expected to contribute significantly to the overall growth of the market. potatoes starch is used for variety of industrial purposes such as sizing paper, adhesives and manufacturing paints. this demand is expected to continue during the forecast period as industrialization continues in the region. in terms of technological advancements,india is making strides in the field of potato starch production. leading companies in the field are investing heavily in research and development; this is not only driving product innovation but also influencing manufacturing costs and operational efficiencies. in conclusion, the demand for potato starch in india is expected to remain strong with an increase in production and high demand from the food and industrial sector. the growth in demand is also expected to be driven by technological advancements and an increase in disposable incomes. going forward, india is likely to continue to be one of the leading markets for potato starch over the next decade.