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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)



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And before diversifying/venturing into any product, wish to study the following aspects of the identified product:

• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period

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• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?

The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.

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



Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications


Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity


Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers


Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel


Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)


Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram


Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities


Project at a Glance

Along with financial details as under:


  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital


  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals


                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios


                Earnings Per Share (EPS)


             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 


  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR