Project report for Corn flour

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Maize is one of the top three important crops in India, ranking after rice and wheat. It is widely applied in food process, diet cooking, feed products and industrial fuel raw material. The development of maize processing has a direct contribution to the economy in India. Maize processing industry in India is largely influenced by the price of maize, the consumption and its supply. With the increasing use for alcohol production, the consumption of maize will go over its supply. The agricultural department in India predicts that the price of maize may continue to rise in the short terms. The increasing needs of maize industrial use largely encourages the development of maize processing industry in India, and meanwhile the price of downstream products such as feeding products, and maize flour product. It is profitable to invest a maize process factory in the long terms.

Corn starch, maize starch, or corn flour is the starch derived from corn grain. The starch is obtained from the endosperm of the kernel. Corn starch is a common food ingredient, often used to thicken sauces or soups, and to make corn syrup and other sugars. Corn starch is versatile, easily modified, and finds many uses in industry such as adhesives, in paper products, as an anti-sticking agent, and textile manufacturing. It has medical uses as well, such as to supply glucose for people with glycogen storage disease. Like many products in dust form, it can be hazardous in large quantities due to its flammability see dust explosion.

Market potential & Strategy

Corn Flour Market size was assessed at INR 1,168.500 Crores in 2019 and is anticipated to touch INR 2183.220 Crores by 2026 with a CAGR of 8.2% throughout the estimated period 2021-2026. Corn Flour Market size is expected to observe development attributable to expanding interest for sound and nutritious food items. Attention for corn-based nutritious bites incorporates tortilla chips, nachos, and taco shells thus will help the item market. The need for convenience food products is another key marker fueling market development. The upsurge in demand for gluten-free items in wellbeing cognizant clients has raised the interest for corn flour assembled bakery items. A significant rise in the utilization of corn starch as a thickening agent in various cuisines, along with the escalating demand for processed food products, represents one of the key factors bolstering the market growth. It is also utilized as an anti-caking agent wherein a thin layer of cornstarch is dusted to prevent shredded cheese from clumping in the package. Furthermore, it finds extensive applications in the textile industry to provide stiffness and add weight to clothes. It is also applied as an absorbent in several cosmetic products around the world. Apart from this, compostable and thermal insulation made using cornstarch-based foam is considered ideal for shipping temperature-sensitive products. Apart from this, with rising environmental concerns, bioplastics derived from corn starch are gaining traction over fossil fuel plastics. This, in confluence with the rising demand for oral pharmaceutical products on account of the growing prevalence of diseases and increasing access to healthcare facilities, is anticipated to drive the market in the coming years.

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