Brown rice (malt) syrup, also known as rice syrup or rice malt, is a sweetener which is rich in compounds categorized as sugars and is derived by culturing cooked rice starch with saccharifying enzymes to break down the starches, followed by straining off the liquid and reducing it by evaporative heating until the desired consistency is reached. This brown rice syrup is rich in protein derived from rice. It is a wonderful natural sweetener, best alternative to sweeteners plus the syrup has low effect on blood sugar levels.
India is the second largest producer of sugar and its largest consumer in the world – much of it being used in sweetmeats. The sweetener market is segmented into sugar, high-intensity sweeteners (HIS) and high-fructose corn syrup. The market for HIS is expected to reach nearly USD 2.3 billion in 2022 at a CAGR of 5.1%. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
· Dhampure Specialty Sugars Ltd.
· Givaudan (India) Pvt. Ltd.
· Gulshan Polyols Ltd.
· Heinz India Pvt. Ltd.
· Indian Maize & Chemicals Ltd.
· K G Gluco Biols Ltd.