MODIFIED STARCH MARKET ANALYSIS

Market Challenges And Opportunities

Among process type, cationization process is further segmented into dry, semi-dry, and wet cationization process. Dry cationic process is carried out in the absence of liquid phase by spraying reactive on dry starch. In semi-dry process, thermal treatment is given to the mixture of starch and spray reagent. Wet cationization involves homogenous or heterogeneous reaction in presence of alkaline solution. Low cost, biocompatibility, rapid degradation are key drivers fueling demand for of cationization process in the starch industry.

The use of modified starch in food & beverages allows products to be stored over long durations. According to the Food and Agriculture Organization of the United Nations, in 2010, 1.3 billion tons of food is wasted, mainly due to spoilage. The use of modified starch is expected to reduce this mammoth figure.

According to United Nation Department of Economics and Social Affair, the pharmaceutical industry in India and China is thriving due to a population boom in these countries. The countries together accounted for 36% of the world’s population in 2016. The low cost of labor and raw materials for pharmaceuticals has resulted in India becoming a hub for pharmaceutical manufacturing. According to the Indian Brand Equity Foundation (IBEF), India accounted for 20% of the world’s supply of generic drugs in 2016. Moreover, with government initiatives such as Pharma Vision 2020, the pharmaceutical industry is slated to witness significant growth in India, which in turn is expected to boost the modified starch market growth over the forecast period.