MAIZE PROCESSING INDUSTRY:

From corn grain, the maize processing industry produces a variety of vital food, industrial, and chemical goods, as well as a variety of important by-products that have an increasing nutritional and economic impact on our food supply. Maize is an annual plant that is cultivated all over the world because to its great regional tolerance, however it is primarily grown in the Northern Hemisphere. Because it supplies a high quantity of energy and oil content to animals, a large portion of global maize production, over 60%, is utilised in animal feed. Maize is also utilised as a staple food and has a wide range of industrial uses, including food processing and ethanol manufacturing. The maize market has changed dramatically in recent decades as a result of the green revolution and rapid biotechnological advances in seed and production, resulting in the availability of genetically modified maize seeds with higher average maize yields. For example, the Food and Agriculture Organization (FAO) claims that (FAO). Furthermore, rising demand for ethanol is expected to propel the maize market forward.

CORN AND IT’S BY PRODUCTS:

The numerous components collected from the distillation of corn starch are known as corn co-products. Corn germ, corn oil, corn gluten meal, corn gluten feed, and distiller’s grain are all examples of corn co-products. Corn co-products are initially purchased in a wet form/paste, which is subsequently dried and sold to other firms. Corn co-products are in high demand due to rising demand from numerous end-use industries. Corn co-products are utilised in food processing, personal care and cosmetics, and animal nutrition, among other industries. Corn oil is used in the food industry to make butter, margarine, and other spreads, as well as in personal care and skincare goods and cosmetics. The wet milling method yields corn gluten meal and corn gluten feed, which are primarily used for animal feed. Due to the inclusion of crude protein, which is useful to animals, these corn co-products are in great demand. The distiller’s grain and corn germ are also used as ingredients in feed for poultry, cattle, marine animals, pets, and other animals. Corn co-products like high protein distillers dried grains (HP DDG) and corn gluten meal are in high demand due to their high protein content. These products are more cost-effective than corn and soybean meal, and are hence recommended as a substitute. Corn oil meal and maize gluten feed have a very high commercial value when compared to other corn co-products around the world. As a result, they can be employed in the feed business as an alternative or in combination with other components. Dry corn co-products are more convenient to carry and store, and as a result, consumers and manufacturers prefer them.

INDIA MAIZE MARKET:

Maize is farmed throughout the year in India. With 85 percent of the land under cultivation during the season, it is mostly a kharif crop. After rice and wheat, maize is India’s third most important cereal crop. It accounts for about 10% of the country’s total food grain production. Maize is used as a basic raw material in hundreds of industrial goods, including starch, oil, protein, alcoholic beverages, food sweeteners, pharmaceutical, cosmetic, film, textile, gum, package, and paper sectors, among others. 

THE GLOBAL CORN MARKET ANALYSIS:

Corn is becoming more widely used in end-use sectors, which is driving the global corn market. Corn is used to make corn starch, which has a wide range of uses. The corn starch sector, in particular, is quickly expanding. Corn starch is used in a variety of products, including culinary ingredients, papers, ethanol, and sweeteners. It’s also utilised in animal feed manufacturing. The total corn market is being boosted by rising market demand for all of these items. Growing output of the crop has come from increased demand for animal feed and ethanol. Corn is used to make biofuel because of its high starch content, which allows it to be easily turned into ethanol. Corn is predicted to expand at a CAGR of 5.3 percent during the next five years. The growing area dedicated to urea cultivation, the increase in feed utilisation, and the widespread use of corn-based biofuels are likely to drive market expansion. The ever-increasing global population has increased demand for maize-based products. Furthermore, rising health awareness in both developing and developed countries has resulted in a significant shift in people’s dietary preferences toward more protein-rich foods and diets, resulting in increased demand for all types of feed grains, including maize, propelling the global maize market forward.

TOP PLAYERS WORLDWIDE:

• Tate & Lyle PLC
• Healthy Food Ingredients
• Cargill
• S P Foundries
• Agricor
• Archer Daniels Midland Company
• SunOpta
• Genn Controls India Private Limited
• Bunge Limited
• Pugos Technologies
• Didion Milling