The dry milling global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Dry Milling Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The dry milling market size has grown strongly in recent years. It will grow from $104.19 billion in 2023 to $111.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to consumer preferences, regulatory changes, local and terroir focus, marketing and branding, cocktail culture.
The dry milling market size is expected to see strong growth in the next few years. It will grow to $155.63 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to continued growth of premium segment, health and wellness, digital marketing and e-commerce, aging population, whiskey aging and maturation. Major trends in the forecast period include low- and no-alcohol options, regional and terroir-driven offerings, ready-to-drink (rtd) cocktails, innovative aging techniques, digital marketing and e-commerce.
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Scope Of Dry Milling Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Dry Milling Market Overview
Market Drivers –
The rise in the consumption of corn flour-processed snacks across the globe is expected to propel the growth of the dry milling market going forward. Corn flour refers to flour made from dried whole corn kernels and is derived from the grinding of dried corn and is a common staple food. It is used in the preparation of various food items. For instance, in November 2021, according to the Institute of Food Technologists (IFT) report, a US-based international, non-profit scientific association of professionals engaged in food science, food technology, and related fields, the number of snacks sold in the US increased by 5%, and the consumption of snacks by US adults is up to 2.7 snacks per day. Therefore, the rise in the consumption of corn flour, processed snacks is driving the growth of the dry milling market during forecast period.
Market Trends –
Technological advancements have emerged as the key trend gaining popularity in the dry milling market. Major companies operating in the dry milling sector are focusing on developing new technologies to sustain their position in the market. For instance, in December 2021, Rieco Industries Limited, an India-based project engineering and machine manufacturing company, launched an innovative technological solution, RACAM, an air classifying action mill for dry powder grinding, which had the unique feature of air and dust separation. This machine provides various activities in dry milling such as classifying, conveying, integrated grinding, and collecting operations with the help of a single machine. It also provides an ultra-fine grinding powder. The equipment offers advantages such as larger capacity, higher efficiency, and less noise. The upgraded equipment is also more efficient and easier to clean and use.
The dry milling market covered in this report is segmented –
1) By Source: Yellow Corn, White Corn
2) By Product: Ethanol, Dried Distillers Grain With Soluble (DDGS), Corn Grits, Corn Meal, Corn Flour, Other End Products
3) By Application: Fuel, Feed, Food
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Regional Insights –
Asia-Pacific was the largest region in the dry milling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the dry milling market during the forecast period. The regions covered in the dry milling market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the dry milling market include Archer Daniels Midland Company, Bunge Limited, C.H Guenther And Son Incorporated, Cargill Inc., Didion Milling, Flint Hills Resources LP, LifeLine Foods Pvt. Ltd., Green Plains Inc., Semo Milling, Valero Energy Corporation, Pacific Ethanol Inc., Alto Ingredients Inc., FRITSCH Co., SunOpta Inc., Millmore Engineering Private Limited, Hosokawa Micron Powder Systems, Quadro Engineering Corp., Frewitt Ltd., KemutecGroup Ltd., Sturtevant Inc., Buhler AG, GEA Group AG, Hosokawa Alpine AG, IKA Works GmbH & Co. KG, Netzsch Grinding & Dispersing, Pallmann Maschinenfabrik GmbH & Co. KG, Schenck Process Holding GmbH, Union Process Inc., WAB Group, Yenchen Machinery Co. Ltd.
Table of Contents
1. Executive Summary
2. Dry Milling Market Report Structure
3. Dry Milling Market Trends And Strategies
4. Dry Milling Market – Macro Economic Scenario
5. Dry Milling Market Size And Growth
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27. Dry Milling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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