Corn-Wet Milling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Corn-Wet Milling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Food and Beverages | PPT format

Report Digest

Corn-Wet Milling Market – Introduction

Corn-wet milling is a process that refines the corn through steps such as cleaning, steeping, milling, germ separation, fine grinding, screening and separation of starch and gluten. Increased consumption of corn starch, corn edible oil, corn syrup as well as corn and gluten-based meal in the animal feed industry is set to propel the growth of the corn-wet milling market during the forecast period.

Improved technological capabilities, energy saving business models and a steady supply of corn crop are important factors propelling the revenues of corn-wet milling market. Major business strategies leveraged by leading corn-wet milling market stakeholders are capacity expansion and increased corn supply to accommodate the increased global demand for corn-based products. 

Corn-Wet Milling Market – Notable Developments

  • In October 2018, Ingredion, Inc., a leading global player in the corn-wet milling market announced the investment of $60 million with an aim to expand the company’s business in the Asia Pacific region including expansion of corn-wet milling and starch production capacity in China.
  • In October 2018, Sayaji Industries Ltd., a prominent Indian corn-wet milling business company initiated the collaboration with Alland & Robert, a global provider of natural exudates.
  • In September 2018, Cargill India, a prominent player in corn-wet milling market announced an additional investment of around US$ 40 million with an aim to start manufacturing of modified starch products at the company’s corn-wet milling plant at Davangere, India.
  • In April 2018, Gujarat Ambuja Exports Ltd. announced the commencement of the proposed greenfield project of the company with the capacity of 1000 TPD corn-wet milling at Maharashtra, India.

Some of the most prominent competitors operating in the competitive landscape of global corn-wet milling market include –

  • Agrana Beteiligungs-AG
  • Ingredion Inc.
  • Archer Daniels Midland Company, Inc.
  • Cargill
  • Bunge Limited
  • Agri-Industries Holding Limited
  • Grain Processing Corporation
  • Roquette Corporate

Corn-Wet Milling Market Dynamics

Manufacturers to Target Increased Corn Sourcing to Accommodate Corn-Wet Milling Capacity Expansions

Leading stakeholders in the corn-wet milling market are actively engaged in the expansion of corn-wet milling facilities owing to the rising demand for corn products across the globe. With the surging demand for corn-related products, food manufacturers engaged in corn-wet milling landscape have increased the sourcing of corn to meet the increased demand. Also, the positive forecast of the grain supply including corn and favorable trade activities also complement a steady corn supply, thereby accommodating increasing demand for corn-based and modified starch products leading to corn-wet milling market growth.

Corn-Wet Milling Market Players Seek Energy Star Business Model for Cost Savings

Within the different food industry verticals, corn-wet milling is considered the most energy-intensive industry while accounting for about 15% of the entire food industry energy requirement. Approximately US$ 20 to 30 million are spent annually on energy in a typical corn-wet milling plant in the United States. This energy cost ultimately adds to the overall production cost of modified starch products. In a bid to increase the predictable earnings by reducing the energy costs, stakeholders are engaged in seeking energy star business models. Such business planning is also helpful during the period of high energy-price volatility. There are several research programs related to water and energy management in the field of corn-wet milling process are underway to develop a cost, energy as well as water saving process without compromising on yield and quality.

Rising Application in End-Use Industries to Fuel the Corn-Wet Milling Market Growth

Demand for corn-based products ranging from corn syrup to animal feed to ethanol has increased significantly across the globe. The sweetener category is the highly sought-after variant owing to its natural origin. Consumption of ethanol is also increasing against the backdrop of increased preference for motor fuels. Also, demand for corn products that are rich in amino acids, digestible fibers, protein and other important nutrients is increasing significantly in the food and beverage industry. A significant surge in the demand for corn products in multiple end-use verticals is set to boost the growth of corn-wet milling market in the coming years.

Corn-Wet Milling Market – Regional Outlook

A bulk of global revenues of corn-wet milling market are likely to concentrate in the Asia Pacific region owing to the buoyancy in the end user industry ranging from textile to pharmaceutical. Europe, North America and Japan are other lucrative corn-wet milling markets. Other emerging countries in the Middle East and Africa also represent potential opportunities for corn-wet milling market stakeholders.

Segmentation of Corn-Wet Milling Market

The corn-wet milling market is segmented on the basis of equipment, application, type and end products.

On the basis of equipment, the corn-wet milling market is categorized into,

  • Centrifuge system
  • Milling
  • Steeping

On the basis of type, the corn-wet milling market is segmented into,

  • Waxy
  • Dent

On the basis of application, the corn-wet milling market is categorized into,

  • Mill
  • Food
  • Refinery
  • Steepwater
  • Starch modification
  • Ethanol production
  • Feed area
  • Others

On the basis of end products, the corn-wet milling market is segmented into,

  • Starches
  • Corn oil
  • Ethanol
  • Sweeteners
  • Gluten meal and feed 

The report offers a comprehensive evaluation of the corn-wet milling market. It does so via in-depth qualitative insights, historical data, and verifiable projections about corn-wet milling market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the corn-wet milling market, including but not limited to: Regional markets, technology, types, and applications. 

The study is a source of reliable data on:

  • Corn-wet milling market segments and sub-segments
  • Corn-wet milling market trends and dynamics
  • Supply and demand
  • Corn-wet milling market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.