Overview and Scope
Corn wet-milling is a process of physical separation of corn into proteins, starches, oil, and fiber using water and specialized machinery. In this process, the corn kernels are submerged in steep tanks, which are big tanks filled with diluted aqueous sulfur dioxide solution. The kernel is then softened and treated to remove the germ, which is then processed again to remove the highly valuable maize oil.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The corn wet-milling market report table of contents includes:
1. Executive Summary
2. Corn Wet-Milling Market Characteristics
3. Corn Wet-Milling Market Trends And Strategies
4. Corn Wet-Milling Market – Macro Economic Scenario
5. Global Corn Wet-Milling Market Size and Growth
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31. Global Corn Wet-Milling Market Competitive Benchmarking
32. Global Corn Wet-Milling Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Corn Wet-Milling Market
34. Corn Wet-Milling Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Agrana Beteiligungs-AG
Tate & Lyle PLC
Cargill Incorporated
Ingredion Incorporated
Ingredion Incorporated
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