The import of starches and inulin to India is forecasted to increase consistently from 2024 to 2028, rising from 19.458 million USD to 21.725 million USD. In 2023, the import value stood at an estimated level reflecting a slight increase, marking a steady upward trend. The year-on-year variation is positive, indicative of growing demand or diversification of sources. Over these years, the compound annual growth rate (CAGR) portrays consistent market expansion.
Future trends to watch for include:
- The impact of trade policies and agreements that could affect import costs or availability.
- Technological advancements in domestic starch production influencing import needs.
- Changing dietary preferences leading to increased or reduced demand for starches.
- Economic factors, such as currency fluctuations and consumer spending power, influencing import dynamics.