About Milled Corn Products
Globally, the major commodities from which starch is derived are maize, cassava, potato, and wheat. The quantity of starch consumed in food and non-food products in a country is closely associated with the level of economic development and income of that country. Rising in the demand for multi-functionality of corn, consumption of dent corn for high fructose corn syrup used in foods & beverages, consumption of gluten meal based on animal feed in the meal industry, are the factors expected to drive the growth of global milled corn product market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Milled Corn Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Agricor (United States), Archer Daniels Midland Company (United States), SunOpta, Inc. (Canada), Bunge Limited (United States), Didion Milling, Inc (United States), South Texas Milling Inc (United States), Montana Milling Inc. (United States), SEMO Milling, LLC (United States), Cargill Inc. (United States), Codrico (Netherlands) and Shawnee Milling Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Wilkins Rogers,Inc. (United States), Dover Corn Products Ltd. (Canada) and Kenyon Corn Meal Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Milled Corn Products market by Type (Corn Grits, Corn flours, Corn Polenta, Corn Snack Meal and Corn Cones), Application (Flaking Application, Baking, Dry Mixes, Cereals, Pasta, Brewing, Snack Chips and Others) and Region.
On the basis of geography, the market of Milled Corn Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Nature, the sub-segment i.e. Organic will boost the Milled Corn Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. White Corn will boost the Milled Corn Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The rise in popularity of organic and healthy baked goods along with rising consumption of bread and Increasing consumption of corn gluten meal-based feed products
Market Growth Drivers:
The surge in the consumption rate of bakery products and Increasing demand for high fructose corn syrup in processed food & beverage
Restraints:
Competition from other plant proteins existing in the market
Opportunities:
Increasing consumption of corn gluten meal-based feed products and Growing Demand from Developing countries
Market Leaders and their expansionary development strategies
Sept. 19, 2023, Grain Processing Corporation (GPC), part of the KENT Corporation family of companies headquartered in Muscatine, Iowa, announced acquisition of flour manufacturing and warehouse facility in Oskaloosa, IA. Building upon the success of its soy and chickpea milling operations in Grinnell, Iowa, GPC's acquisition further deepens its longstanding history of offering innovative, high-quality, plant-based ingredients that consumers worldwide desire.
In April 2023, The US Grains Council (USGC) has released a handbook for new high-protein corn co-products from the ethanol industry in the United States and used in the feed industry. and Corn distiller’s dried grains with solubles (DDGS) are a unique feed ingredient that is an excellent, abundant, and economical source of energy, protein, and phosphorus in diets for all animals while providing additional animal health and environmental benefits.
Key Target Audience
Milled Corn Products Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.