Corn-Wet Milling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
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
Few of the key players in the 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 and Roquette Corporate among others.
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,
On the basis of type, the corn-wet milling market is segmented into,
On the basis of application, the corn-wet milling market is categorized into,
On the basis of end products, the corn-wet milling market is segmented into,
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.
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The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
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Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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