Industry Background:
Increasing demand for corn wet-milling for its rising advantages fosters the global corn wet-milling market growth. A process of refining corn is known as corn wet-milling. Shelled corns can be processed by two types, namely, dry mills or wet mills. Gluten meal is largely used in the animal feed and is expected to influence the global corn wet-milling market growth. Wet-milling products are rich in amino acid protein, digestible fiber, methionine, cysteine, and high level of energy.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Tate & Lyle PLC (United Kingdom), Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), Ingredion Incorporated (United States), Agrana Beteiligungs-AG (Austria), The Roquette Freres (France), Bunge Limited (United States), China Agri-Industries Holding Limited (China), Global Bio-Chem Technology Group Company Limited (Hong Kong) and Grain Processing Corporation (United States) |
According to AMA, the market for Corn Wet Milling is expected to register a CAGR of 2.9% during the forecast period to 2030. This growth is primarily driven by High demand for high fructose corn syrup in processed food & beverage and Increasing consumption of corn gluten meal-based feed products.
Globally, a noticeable market trend is evident Multifunctionality of cornstarch in non-food applications The Food Products sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Tate & Lyle PLC (United Kingdom), Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), Ingredion Incorporated (United States), Agrana Beteiligungs-AG (Austria), The Roquette Freres (France), Bunge Limited (United States), China Agri-Industries Holding Limited (China), Global Bio-Chem Technology Group Company Limited (Hong Kong) and Grain Processing Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In November 2023, Ingredion, a major Corn Wet Milling company, announced a partnership with Cargill to develop and commercialize a new line of plant-based starches for the food and beverage industry.
In October 2023, Ingredion introduced their HOMECRAFT® Ultra Rice Starches, a new line of starches specifically designed for gluten-free applications.
Influencing Trend:
Multifunctionality of cornstarch in non-food applications
Market Growth Drivers:
High demand for high fructose corn syrup in processed food & beverage and Increasing consumption of corn gluten meal-based feed products
Challenges:
Competition from other plant proteins existing in the market
Restraints:
The strict government regulations implemented over increasing quality standards and health & safety
Opportunities:
Increasing demand for corn ethanol as a biofuel
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Corn Wet Milling Market
- Analysis about New Entrants in Corn Wet Milling Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Corn Wet Milling Study Sheds Light on
The Corn Wet Milling Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Corn Wet Milling industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Corn Wet Milling industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.