Global Corn Wet-Milling Market Overview 2024: Size, Growth Rate, and Segments
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The corn wet-milling global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Corn Wet-Milling Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The corn wet-milling market size has grown strongly in recent years. It will grow from $76.91 billion in 2023 to $81.17 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to diverse applications in food industry, growing global population, high fructose corn syrup (hfcs) demand, biofuel production, feed industry consumption, increased industrial applications.
The corn wet-milling market size is expected to see strong growth in the next few years. It will grow to $100.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rise in clean label and natural ingredients, innovation in value-added products, demand for gluten-free products, focus on animal nutrition, shift in global dietary patterns, emergence of novel corn varieties. Major trends in the forecast period include digitalization in manufacturing, investment in sustainable practices, strategic collaborations in research, technological advancements in processing, biorefinery concepts.
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Scope Of Corn Wet-Milling Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Corn Wet-Milling Market Overview
Market Drivers –
The rising demand for corn-based products is boosting the growth of the corn wet-milling market going forward. Corn-based products refers to items made of corn such as corn flakes, and flours. The increasing demand for corn-based products increases demand for corn-wet milling as it improves the purity of the product. For instance, in December 2021, according to a report on Regional Corn Competitiveness published by RaboBank, a Netherlands-based banking and financial services company, the global consumption of corn is anticipated to increase by 25% over the next ten years, from 1.14 billion metric tons in 2021 to 1.43 billion metric tons in 2030. Therefore, rising demand for corn-based products will drive the growth of the corn wet-milling market.
Market Trends –
Major companies operating in the corn wet-milling market are establishing new mills to strengthen their position in the market. For instance, in September 2022, Cargill, Incorporated, a US-based food corporation opened its new corn wet mill in Pandaan, Pasuruan, Surabaya, representing a USD 100 million (IDR 1.3 trillion) investment. The state-of-the-art facility is strategically positioned to meet the increasing demand for starches, sweeteners, and feeds in Asia and Indonesia. The new corn wet mill, equipped with advanced technologies including industry 4.0 practices, aims to optimize automation, ensuring efficiency from milling to packaging through robotics systems. It also prioritizes environmental sustainability with stringent waste management, water conservation practices, and a commitment to biodiversity conservation through a tree-planting program.
The corn wet-milling market covered in this report is segmented –
1) By Source: Dent Corn, Waxy Corn
2) By Equipment: Milling Equipment, Steeping Equipment, Centrifuge Systems, Washing and Filtration Systems, Other Equipments
3) By End-product: Starch, Sweetener, Ethanol, Corn Gluten Meal and Gluten Feed, Other End-Products
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Regional Insights –
North America was the largest region in the corn wet-milling market share in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the corn wet-milling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the corn wet-milling market report are Agrana Beteiligungs-AG, Tate & Lyle plc, Archer Daniels Midland Company, Cargill Incorporated, Ingredion Incorporated, Roquette Freres SA, Grain Processing Corporation, Bunge Limited, Andritz Group, China Agri-Industries Holding Limited, VetterTec GmbH, PerkinElmer Inc., AGC Heat Transfer Inc., Koninklijke DSM NV, The Andersons Inc., Green Plains Inc., Global Bio-Chem Technology Group Company Limited, Grain Millers Inc., Didion Milling Inc., SunOpta Inc., Pacific Ethanol Inc., Valero Energy Corporation, Flint Hills Resources LP, GreenField Specialty Alcohols Inc., The Mennel Milling Company, The Scoular Company, Lamsan Co. Ltd., National Starch LLC, Penford Corporation, Cereal Ingredients Inc., LifeLine Foods LLC
1. Executive Summary
2. Corn Wet-Milling Market Report Structure
3. Corn Wet-Milling Market Trends And Strategies
4. Corn Wet-Milling Market – Macro Economic Scenario
5. Corn Wet-Milling Market Size And Growth
…..
27. Corn Wet-Milling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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