Forecast: Import of Starch, Sugar, Brewing and Distilling Industry Residues to India

In 2023, India's import of starch, sugar, brewing, and distilling industry residues stood at an unspecified base value, while from 2024 onwards, predictions indicate growth starting at $4.2413 million, reaching $5.0555 million by 2028. Over this period, the compounded annual growth rate (CAGR) is consistent, reflecting a stable upward trend in imports, indicating an increasing reliance on these imports for domestic industry needs.

Future trends to watch for include:

  • Potential shifts in global trade policies affecting import costs and volume.
  • Technological advancements in alternative production methods that could reduce dependency on imports.
  • Changes in domestic industry demand driven by consumer preferences or environmental regulations.

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