Maize is the third most important cereal/crop after wheat and rice, and it has a lot of processing possibilities due to its high nutritional value and economic use. Maize (sometimes called corn) is a cereal grass that is widely grown for food and animal feed. Maize is one of the most widely consumed foods in India. In India, annual maize production is at 21 million tonnes, with Karnataka, Andhra Pradesh, and Rajasthan producing the most. India is one of the world's leading maize producers, and it's a crop that can be cultivated all year in almost any agro-climatic zone inside its borders.
In recent years, maize planting has exploded in India, explaining its dominance as a starch source among processors. Maize is one of the most versatile crops in development, allowing it to thrive in a wide range of agro-climatic conditions. Because maize has the largest genetic production potential of all cereals, it is known as the "Queen of Cereals" around the world. Maize is utilised as a basic raw material in a wide range of industries, including starch, oil, protein, alcoholic drinks, food sweeteners, pharmaceuticals, cosmetics, film, textile, gum, packaging, and paper.
A maize processing factory, often known as a corn mill, plays an important role in commercial food production. The machinery at the plant grinds dry maize into corn meal or corn flour, which is then used to produce tortillas, breads, and cereals. The grain can also be fermented and distilled to produce ethanol fuel, or processed into syrups to sweeten carbonated beverages. A maize processing facility can do more than just transform corn into corn flour, cornmeal, or grits, depending on the type of machinery utilised and the degree of milling that occurs during processing. Despite the fact that these are all standard maize processing facility applications.
In India, almost 57 percent of maize produced is used to feed poultry and animals. Thirty-three percent is eaten, 9% is used to create starch and associated products, and 1% is used as seed. In the United States and Europe, maize is mostly used to produce starch and other industrial products. Despite being one of the world's largest producers of maize, India's value addition in the form of processing is poor in comparison to more developed countries. In modern countries, a significant amount of starch is converted into high-value-added nutritional sweeteners including glucose syrup, dextrose, and fructose syrup.
From 2019 to 2024, the Indian corn starch market is predicted to grow at a CAGR of 3.9 percent, reaching $1.37 billion in 2018. The easy availability of corn, as well as its wide range of applications in industries such as food and beverage, pharmaceuticals, animal feed, textiles, and paper, are propelling the India Corn Starch market forward. Starches are primarily consumed by the textile, paper, and construction industries, as well as the pharmaceutical business. Although the use of these derivatives in the food sector is growing slowly, the maize starch processing industry still has a lot of untapped potential.
In terms of both value and volume, North America is the most important market for corn starch. The maize starch market in Asia Pacific, on the other hand, is predicted to grow at the quickest rate in the coming year, with a CAGR of 6.4 percent. Corn starch demand is increasing throughout Asia Pacific, especially in ASEAN, China, and India, where large corn starch producers have lately invested heavily.
Key Players:
· Aksharchem (India) Ltd.
· Amaravati Agro Ltd.
· Cargill India Pvt. Ltd.
· Devi Corn Products Ltd.
· Gayatri Bioorganics Ltd.
· Gujarat Ambuja Exports Ltd.
