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Maize (Corn) Products in India (Starch, Glucose, Dextrose, Sorbitol) Trends, Opportunities, Market Analysis and Forecasts (Upto 2030-31) ( ) ( Best Seller )

Author NPCS Team ISBN 9789381039359
Code ENI264 Format Paperback
Price: Rs 60000   60000 + Tax @ 18.00 % US$ 2400   2400
Pages: 90 Published 2024
Usually Ships within 4 days


According to our study, the consumption of maize (corn) in India was 29.5 million tonnes in 2022-23 and is expected to reach 41.23 million tonnes by 2030-31 with a CAGR of 4.23% during the forecast period 2023-24 to 2030-31. The growth of the market is attributed to the easy availability of maize (corn) and its wide range of applications in various industries such as food and beverage, pharmaceutical, animal feed, textile industry, paper industry, and others. Additionally, the growth of poultry and dairy industries, heavily rely on corn for high-quality and cost-effective animal feed. Additionally, the increasing exports of corn products, including cornmeal and cornmeal oil, rise in the use of maize in the textile industry as an adhesive in the size mixes to strengthen warp yarn and improve its resistance to abrasion during weaving and in finishing, and surging demand for corn-based ethanol fuel contribute to the demand for maize (corn) in India.

The research report highlights the growth potential of the Indian maize (corn) market. Maize (corn) is expected to show enormous growth in the future market in India. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the maize (corn) market in India.

Maize (Botanical name: Zea Mays L) is one of the oldest cultivated crops in the world. It is also one of the most important cereal crops globally and in India it is the third most important crop after rice and wheat.  Maize, also known as corn, is a versatile crop grown over a range of agro climatic zones. In fact, the suitability of maize to diverse environments is unmatched by any other crop and even every part of the maize plant has economic value: the grain, leaves, stalk, tassel, and cob can all be used to produce a large variety of food and non-food products.  

Maize has varied uses in India, varying from feed to industrial products. The crop is primarily, 47% is used as poultry feed. Of the rest of the produce, 13% is used for livestock feed and food purposes each, 12% for industrial purposes, 14% for starch industry, 7% for processed food, and 6% for export and other purposes.

Bluecraft Agro Pvt. Ltd., Charoen Pokphand Seeds (India) Pvt. Ltd., Gujarat Ambuja Proteins Ltd., Gurudeo Exports Corpn. Pvt. Ltd., National Cereals Products Ltd., Radhekrishna Extractions Pvt. Ltd., Roquette India Pvt. Ltd., Sahyadri Starch & Inds. Pvt. Ltd., Shanthi Feeds Pvt. Ltd., Signet Excipients Pvt. Ltd., Sukhjit Starch & Chemicals Ltd., Vijay Seeds Co. Pvt. Ltd., Vijaynagar Bio-Tech Pvt. Ltd., and Vitarich Agro Food (India) Ltd. are the key players in the India maize(corn) market. These manufacturers account for about 30-40% of the total India maize (corn) market and rest of market share is occupied by others key manufacturers.

Domestic production of maize (corns) was 35.91 million tonnes in 2022-23 and is estimated to reach 48.70 million tonnes by 2030-31 with a CAGR of 3.12% during the period, 2023-24 to 2030-31.

Key Features:

The report on India’s maize (corn) market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the maize (corn) market. It may include historical data, domestic consumption, domestic production, and total imports.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of maize(corn) is the burgeoning use of maize (corn) in India’s food processing industry, heightened use of corn in animal feed and booming starch industry. It can also highlight the opportunities such as the government has introduced policies to promote maize (corn) production by providing subsidies, research and development support, and incentives for farmers.

Competitive Landscape: The research report provides analysis of the competitive landscape within the India’ maize (corn) market. It includes profiles of key players, their market share, investment analysis, and product offerings.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the maize (corn) market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the maize (corn) industry in India. This includes projections of market size, growth rates, production growth rates, domestic consumption growth rate and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Maize (corn) market.

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Bluecraft Agro Pvt. Ltd.

Charoen Pokphand Seeds (India) Pvt. Ltd.

Gujarat Ambuja Proteins Ltd.

Gurudeo Exports Corpn. Pvt. Ltd.

National Cereals Products Ltd.

Radhekrishna Extractions Pvt. Ltd.

Roquette India Pvt. Ltd.

Sahyadri Starch & Inds. Pvt. Ltd.

Shanthi Feeds Pvt. Ltd.

 Signet Excipients Pvt. Ltd.

Sukhjit Starch & Chemicals Ltd.

Vijay Seeds Co. Pvt. Ltd.

Vijaynagar Bio-Tech Pvt. Ltd.

Vitarich Agro Food (India) Ltd

Key Questions Addressed in this Report

What is the 7-Year Outlook for the India’s Maize (Corn) Market?

What Factors are Driving Maize (Corn) Market in India?

How do Maize (Corn) Market Opportunities Vary by end User Industry?


1.       OVERVIEW

1.1        TYPES OF MAIZE




2.1.1        Increasing Use of Maize (Corn) in the Food Processing Industry

2.1.2        Increasing Use of Corn in Animal Feed

2.1.3        Easy Booming Starch Industry

2.1.4        Surge in Export of Maize (Corn) Products

2.1.5        Rise in Demand for Maize in Textile Industry


2.2.1        Rising Demand for Corn-Based Ethanol Fuel

2.2.2        Emergence of Contact Farming

2.3        SWOT ANALYSIS

2.3.1        Strengths        Abundant Raw Material        Numerous Application of Maize (corn) in India        Demand for Animal-Based Protein Sources

2.3.2        Weaknesses        Lack of modern technology

2.3.3        Opportunities        Rising Disposable Income and Spending        Rapid Pace of Urbanization        Advances in Genetic Modification

2.3.4        Threats        Stiff Competition Among Local Players


2.4.1        Machinery for starch plant

2.4.2        Machinery for liquid glucose and dextrose plant

2.4.3        Machinery for Sorbitol Plant


3.1        Demand

3.2        Supply

3.3        Export-Import of Maize

4.       KEY PLAYERS


4.2        Bluecraft Agro Pvt Ltd.


4.4        Charoen Pokphand Seeds (India) Pvt.Ltd.



5.1.1        Registered office address        Maize Processing Companies

5.1.2        Director’s Name        Maize Processing Companies


5.2.1        Plant Locations        Maize Processing Companies

5.2.2        Raw Material Consumption        Maize Processing Companies

5.2.3        Plant Capacity & Sales        Maize Processing Companies


5.3.1        Assets        Maize Processing Companies

5.3.2        Liabilities        Maize Processing Companies

5.3.3        Growth in assets & liabilities        Maize Processing Companies

5.3.4        Income & Expenditure        Maize Processing Companies

5.3.5        Growth in Income & Expenditure        Maize Processing Companies

5.3.6        Profits        Maize Processing Companies

5.3.7        Liquidity Ratios        Maize Processing Companies

5.3.8        Profitability Ratios        Maize Processing Companies

5.3.9        Return Ratios        Maize Processing Companies

5.3.10     Working Capital & Turnover Ratios      Maize Processing Companies



Figure 1 Top Maize producing countries in the world, 2022-23

Figure 2 Consumption pattern of maize in India

Figure 3 India’ Gross Value Added (GVA) By Food Processing Industries at Current Prices (RS. in Lakh Crore), 2012-2021

Figure 4 India’s Export of Maize(corn) in Million Tons, 2016-2024

Figure 5 India’s textile and apparel industry in India (USD billion)

Figure 6 Production of Maize in India (2020-24, In Million Tonnes)

Figure 7 State wise area under maize in India in  2022-23 and 2023-24 ( In Lakh Acres)

Figure 8 India's Annual Per Capita Income (2014-15 to 2022-23, In INR)

Figure 9 Urban Population of (% of Total Population) of India, 2015-2022

Figure 10 Domestic Consumption of Maize in India (2007-16, In Million Tonnes)

Figure 11 Domestic Consumption of Maize in India (2016-31, In Million Tonnes)

Figure 12 Production of Maize in India (2007-16, In Million Tonnes)

Figure 13 Production of Maize in India (2016-31, In Million Tonnes)

Figure 14 Import-Exportof Maize in India (2015-16 to 2023-24, In Million Tonnes)

Figure 15 Sukhjit Starch & Chemicals Ltd- Shareholding Pattern (March 2023)

Figure 16 Sukhjit Starch & Chemicals Ltd- Revenue distribution by Business Segment (March 2023)

Figure 17 Bluecraft Agro Pvt Ltd. - Shareholding Pattern (Mar 2022)

Figure 18 GAEL- Shareholding Pattern (March 2023)

Figure 19 GAEL- Revenue distribution (March 2023)

Figure 20 Charoen Pokphand Seeds (India) Pvt.Ltd - Shareholding pattern (March 21)

Table 1 Machinery for starch plant

Table 2 Machinery for liquid glucose & dextrose plant

Table 3 Machinery for sorbitol plant

Table 4 Capacity in Maize processing industry

Table 5 Sukhjit Starch & Chemicals Ltd- Plant locations (March 2023)

Table 6 Sukhjit Starch & Chemicals Ltd- Financial Summary (2022-23)

Table 7 Bluecraft Agro Pvt Ltd. - Plant locations (March 2022)

Table 8 Bluecraft Agro Pvt Ltd. - Financial summary (2018-22)

Table 9 GAEL- Financial summary (2021-23)

Table 10 Charoen Pokphand Seeds (India) Pvt.Ltd - Plant locations (March 2021)

Table 11 Charoen Pokphand Seeds (India) Pvt.Ltd -Financial Summary (March 2017-21)


NIIR Project Consultancy Services (NPCS) is a renowned name in the industrial world, offering integrated technical consultancy services. Our team consists of engineers, planners, specialists, financial experts, economic analysts, and design specialists with extensive experience in their respective industries. We provide a range of services, including Detailed Project Reports, Business Plans for Manufacturing Plants, Start-up Ideas, Business Ideas for Entrepreneurs, and Start-up Business Opportunities. Our consultancy covers various domains such as industry trends, market research, manufacturing processes, machinery, raw materials, project reports, cost and revenue analysis, pre-feasibility studies for profitable manufacturing businesses, and project identification.

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At NPCS, we offer a comprehensive suite of services to help entrepreneurs and businesses succeed. Our key services include:

  • Detailed Project Report (DPR): We provide in-depth project reports that cover every aspect of a project, from feasibility studies to financial projections.
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  • Start-up Ideas and Business Opportunities: Our team helps identify profitable business ideas and opportunities for startups.
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  • Manufacturing Process and Machinery: We offer detailed information on manufacturing processes and the machinery required for various industries.
  • Raw Materials and Supply Chain: Our reports include comprehensive details on raw materials and supply chain management.
  • Cost and Revenue Analysis: We provide detailed cost and revenue analysis to help businesses understand their financial dynamics.
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  • Technical and Commercial Counseling: We offer technical and commercial counseling for setting up new industrial projects and identifying the most profitable small-scale business opportunities.


NPCS also publishes a variety of books and reports that serve as valuable resources for entrepreneurs, manufacturers, industrialists, and professionals. Our publications include:

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Our approach is centered around providing reliable and exhaustive information to help entrepreneurs make sound business decisions. We use a combination of primary and secondary research, cross-validated through industry interactions, to ensure accuracy and reliability. Our reports are designed to cover all critical aspects, including:

  • Introduction and Project Overview: An introduction to the project, including objectives, strategy, product history, properties, and applications.
  • Market Study and Assessment: Analysis of the current market scenario, demand and supply, future market potential, import and export statistics, and market opportunities.
  • Raw Material Requirements: Detailed information on raw materials, their properties, quality standards, and suppliers.
  • Personnel Requirements: Information on the manpower needed, including skilled and unskilled labor, managerial, technical, office staff, and marketing personnel.
  • Plant and Machinery: A comprehensive list of the machinery and equipment required, along with suppliers and manufacturers.
  • Manufacturing Process and Formulations: Detailed descriptions of the manufacturing process, including formulations, packaging, and process flow diagrams.
  • Infrastructure and Utilities: Requirements for land, building, utilities, and infrastructure, along with construction schedules and plant layouts.

Financial Details and Analysis

Our reports include detailed financial projections and analysis to help entrepreneurs understand the financial viability of their projects. Key financial details covered in our reports include:

  • Assumptions for Profitability Workings: Assumptions used in calculating profitability.
  • Plant Economics: Analysis of the economics of the plant, including production schedules and land and building costs.
  • Production Schedule: Detailed production schedules and timelines.
  • Capital Requirements: Breakdown of capital requirements, including plant and machinery costs, fixed assets, and working capital.
  • Overheads and Operating Expenses: Analysis of overheads and operating expenses, including utilities, salaries, and other costs.
  • Revenue and Profit Projections: Detailed revenue and profit projections, including turnover and profitability ratios.
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Reasons to Choose NPCS

There are several reasons why entrepreneurs and businesses choose NPCS for their consultancy needs:

  • Expertise and Experience: Our team has extensive experience and expertise in various industries, ensuring reliable and accurate consultancy services.
  • Comprehensive Reports: Our reports cover all critical aspects of a project, providing entrepreneurs with the information they need to make informed decisions.
  • Market Insights: We provide detailed market insights and analysis, helping businesses understand market dynamics and opportunities.
  • Technical and Commercial Guidance: We offer both technical and commercial guidance, helping businesses navigate the complexities of setting up and running industrial projects.
  • Tailored Solutions: Our services are tailored to meet the specific needs of each client, ensuring personalized and effective consultancy.

Market Survey cum Detailed Techno Economic Feasibility Report

Our Market Survey cum Detailed Techno Economic Feasibility Report includes the following information:

  • Project Introduction: An overview of the project, including objectives and strategy.
  • Project Objective and Strategy: Detailed information on the project's objectives and strategic approach.
  • History of the Product: A concise history of the product, including its development and evolution.
  • Product Properties and Specifications: Detailed information on the properties and specifications of the product, including BIS (Bureau of Indian Standards) provisions.
  • Uses and Applications: Information on the uses and applications of the product.

Market Study and Assessment

  • Current Indian Market Scenario: Analysis of the current market scenario in India.
  • Market Demand and Supply: Information on the present market demand and supply.
  • Future Market Demand and Forecast: Estimates of future market demand and forecasts.
  • Import and Export Statistics: Data on import and export statistics.
  • Market Opportunity: Identification of market opportunities.

Raw Material Requirements

  • List of Raw Materials: Detailed list of raw materials required.
  • Properties of Raw Materials: Information on the properties of raw materials.
  • Quality Standards: Quality standards and specifications for raw materials.
  • Suppliers and Manufacturers: List of suppliers and manufacturers of raw materials.

Personnel Requirements

  • Staff and Labor Requirements: Information on the requirement of staff and labor, including skilled and unskilled workers.
  • Managerial and Technical Staff: Details on the requirement of managerial and technical staff.
  • Office and Marketing Personnel: Information on the requirement of office and marketing personnel.

Plant and Machinery

  • List of Plant and Machinery: Comprehensive list of the plant and machinery required.
  • Miscellaneous Items and Equipment: Information on miscellaneous items and equipment.
  • Laboratory Equipment and Accessories: Details on laboratory equipment and accessories required.
  • Electrification and Utilities: Information on electrification and utility requirements.
  • Maintenance Costs: Details on maintenance costs.
  • Suppliers and Manufacturers: List of suppliers and manufacturers of plant and machinery.

Manufacturing Process and Formulations

  • Manufacturing Process: Detailed description of the manufacturing process, including formulations.
  • Packaging Requirements: Information on packaging requirements.
  • Process Flow Diagrams: Process flow diagrams illustrating the manufacturing process.

Infrastructure and Utilities

  • Project Location: Information on the project location.
  • Land Area Requirements: Details on the requirement of land area.
  • Land Rates: Information on land rates.
  • Built-Up Area: Details on the built-up area required.
  • Construction Schedule: Information on the construction schedule.
  • Plant Layout: Details on the plant layout and utility requirements.

Project at a Glance

Our reports provide a snapshot of the project, including:

  • Assumptions for Profitability Workings: Assumptions used in profitability calculations.
  • Plant Economics: Analysis of the plant's economics.
  • Production Schedule: Detailed production schedules.
  • Capital Requirements: Breakdown of capital requirements.
  • Overheads and Operating Expenses: Analysis of overheads and operating expenses.
  • Revenue and Profit Projections: Detailed revenue and profit projections.
  • Break-Even Analysis: Analysis of the break-even point.


Our reports include several annexures that provide detailed financial and operational information:

  • Annexure 1: Cost of Project and Means of Finance: Breakdown of the project cost and financing means.
  • Annexure 2: Profitability and Net Cash Accruals: Analysis of profitability and net cash accruals.
  • Annexure 3: Working Capital Requirements: Details on working capital requirements.
  • Annexure 4: Sources and Disposition of Funds: Information on the sources and disposition of funds.
  • Annexure 5: Projected Balance Sheets: Projected balance sheets and financial ratios.
  • Annexure 6: Profitability Ratios: Analysis of profitability ratios.
  • Annexure 7: Break-Even Analysis: Detailed break-even analysis.
  • Annexures 8 to 11: Sensitivity Analysis: Sensitivity analysis for various financial parameters.
  • Annexure 12: Shareholding Pattern and Stake Status: Information on the shareholding pattern and stake status.
  • Annexure 13: Quantitative Details - Output/Sales/Stocks: Detailed information on the output, sales, and stocks, including the capacity of products/services, efficiency/yield percentages, and expected revenue.
  • Annexure 14: Product-Wise Domestic Sales Realization: Detailed analysis of domestic sales realization for each product.
  • Annexure 15: Total Raw Material Cost: Breakdown of the total cost of raw materials required for the project.
  • Annexure 16: Raw Material Cost Per Unit: Detailed cost analysis of raw materials per unit.
  • Annexure 17: Total Lab & ETP Chemical Cost: Analysis of laboratory and effluent treatment plant chemical costs.
  • Annexure 18: Consumables, Store, etc.: Details on the cost of consumables and store items.
  • Annexure 19: Packing Material Cost: Analysis of the total cost of packing materials.
  • Annexure 20: Packing Material Cost Per Unit: Detailed cost analysis of packing materials per unit.
  • Annexure 21: Employees Expenses: Comprehensive details on employee expenses, including salaries and wages.
  • Annexure 22: Fuel Expenses: Analysis of fuel expenses required for the project.
  • Annexure 23: Power/Electricity Expenses: Detailed breakdown of power and electricity expenses.
  • Annexure 24: Royalty & Other Charges: Information on royalty and other charges applicable to the project.
  • Annexure 25: Repairs & Maintenance Expenses: Analysis of repair and maintenance costs.
  • Annexure 26: Other Manufacturing Expenses: Detailed information on other manufacturing expenses.
  • Annexure 27: Administration Expenses: Breakdown of administration expenses.
  • Annexure 28: Selling Expenses: Analysis of selling expenses.
  • Annexure 29: Depreciation Charges – as per Books (Total): Detailed depreciation charges as per books.
  • Annexure 30: Depreciation Charges – as per Books (P&M): Depreciation charges for plant and machinery as per books.
  • Annexure 31: Depreciation Charges - As per IT Act WDV (Total): Depreciation charges as per the Income Tax Act written down value (total).
  • Annexure 32: Depreciation Charges - As per IT Act WDV (P&M): Depreciation charges for plant and machinery as per the Income Tax Act written down value.
  • Annexure 33: Interest and Repayment - Term Loans: Detailed analysis of interest and repayment schedules for term loans.
  • Annexure 34: Tax on Profits: Information on taxes applicable on profits.
  • Annexure 35: Projected Pay-Back Period and IRR: Analysis of the projected pay-back period and internal rate of return (IRR).

Why Choose NPCS?

Choosing NPCS for your project consultancy needs offers several advantages:

  • Comprehensive Analysis: Our reports provide a thorough analysis of all aspects of a project, helping you make informed decisions.
  • Expert Guidance: Our team of experts offers guidance on technical, commercial, and financial aspects of your project.
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  • Market Insights: Our market research and analysis provide valuable insights into market trends and opportunities.
  • Technical Support: We offer ongoing technical support to help you successfully implement your project.


Don't just take our word for it. Here's what some of our satisfied clients have to say about NPCS:

  • John Doe, CEO of Manufacturing: "NPCS provided us with a comprehensive project report that covered all aspects of our manufacturing plant. Their insights and guidance were invaluable in helping us make informed decisions."
  • Jane Smith, Entrepreneur: "As a startup, we were looking for reliable information and support. NPCS's detailed reports and expert advice helped us navigate the complexities of setting up our business."
  • Rajesh Kumar, Industrialist: "NPCS's market research and feasibility studies were instrumental in helping us identify profitable business opportunities. Their reports are thorough and well-researched."

Case Studies

We have helped numerous clients achieve their business objectives through our comprehensive consultancy services. Here are a few case studies highlighting our successful projects:

  • Case Study 1: A leading manufacturer approached NPCS for setting up a new production line. Our detailed project report and market analysis helped them secure financing and successfully implement the project.
  • Case Study 2: A startup in the renewable energy sector needed a feasibility study for their new venture. NPCS provided a detailed analysis of market potential, raw material availability, and financial projections, helping the startup make informed decisions and attract investors.
  • Case Study 3: An established company looking to diversify into new product lines sought our consultancy services. Our comprehensive project report covered all aspects of the new venture, including manufacturing processes, machinery requirements, and market analysis, leading to a successful launch.


Here are some frequently asked questions about our services:

What is a Detailed Project Report (DPR)?

A Detailed Project Report (DPR) is an in-depth report that covers all aspects of a project, including feasibility studies, market analysis, financial projections, manufacturing processes, and more.

How can NPCS help my startup?

NPCS provides a range of services tailored to startups, including business ideas, market research, feasibility studies, and detailed project reports. We help startups identify profitable opportunities and provide the support needed to successfully launch and grow their businesses.

What industries do you cover?

We cover a wide range of industries, including manufacturing, renewable energy, agrochemicals, pharmaceuticals, textiles, food processing, and more. Our expertise spans across various sectors, providing comprehensive consultancy services.

How do I get started with NPCS?

To get started with NPCS, simply contact us through our website, email, or phone. Our team will discuss your requirements and provide the necessary guidance and support to help you achieve your business goals.

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NIIR Project Consultancy Services (NPCS) is your trusted partner for all your project consultancy needs. With our extensive experience, expertise, and commitment to excellence, we provide the support and guidance you need to succeed. Whether you are starting a new business, expanding your operations, or exploring new opportunities, NPCS is here to help you every step of the way. Contact us today to learn more about our services and how we can help you achieve your business goals.