In 2023, the market size value per capita for dextrins and other modified starches in India was below $0.26 USD. Forecasts from 2024 onwards show a gradual increase from $0.26 in 2024 to $0.29 by 2028. The year-on-year growth rates for 2024 to 2028 show modest rises of around 3.8% annually, implying steady but slow growth. The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 2.7%.
Future trends to watch for include:
- Increasing demand for modified starches in various industries such as food, pharmaceuticals, and textiles, driven by innovations and expanding applications.
- The impact of economic development in India, which may enhance consumer purchasing power and expand market penetration.
- Potential supply chain adjustments due to global and local economic factors impacting raw material availability and pricing.