Popcorns to Dominate India Corn Market During Forecast Period

Growing preference for hybrid crops, adoption of better genetics and improved agronomics to drive the India corn market through 2024

According to TechSci Research report, “India Corn Market By Type, By End Use, Competition, Forecast & Opportunities, 2014-2024” the India corn market is expected to grow at a formidable rate during the forecast period owing to the structural changes in agriculture and food consumption patterns. Additionally, the widespread use of corn as a ‘food’, ‘fodder’ and ‘feed’ makes it more demand friendly, thereby further driving growth in the market. However, climatic conditions resulting in drought or excess water associated with increased pressure of diseases or pests can lead to low productivity of corns. Additionally, lack of development of technologies such as single cross hybrid technology, limited adoption of improved production-protection technology, deficiencies in the production and distribution system of quality seed and small farm holdings & limited resource availability with the farmers are further anticipated to hamper the growth of market.

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The India corn market is segmented based on type, end use, region, state and company. Based on type, the market can be categorized as flint corn, popcorn, sweet corn, flour corn and others. The popcorn segment is expected to register the highest CAGR during the forecast period. This can be accredited to the growing popularity of popcorn as a common snack in different parts of the country. Based on end use, the market can be fragmented into direct consumption, poultry & cattle feed, processed food and others. The poultry & cattle feed segment dominates the market attributable to the fact that corn green fodder can boost milk production in milch cattle to a considerable extent.

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“Corn is the third largest crop in India after wheat and rice and is expected to create huge opportunities for the corn market. India is on a threshold of experiencing a corn revolution owing to the introduction of new hybrid seeds that can survive in low winter conditions, off-season diseases and pests with high productivity has made corn a profitable alternative even for small farmers in different states such as UP, Bihar, Andhra Pradesh and Karnataka. Additionally, transparent pricing & grading, developing standardized quality for the trade of the commodity globally have further contributed to the growth of crop production across India.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Corn Market By Type, By End Use, Competition, Forecast & Opportunities, 2014-2024” has evaluated the future growth potential of India corn market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India corn market.

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