Corn wet-milling has diverse applications across various industries. In the food industry, it produces corn syrup, starch, and sweeteners. For the feed industry, it yields animal feed products. In textiles, paper, and pharmaceuticals, it supplies key ingredients. The process features steeping, grinding, and separating to extract valuable components. Advantages include obtaining a wide range of valuable products from corn, promoting sustainability by using the entire kernel, and providing essential ingredients for various consumer goods, contributing to the thriving corn wet-milling market.
According to Data Bridge Market Research, the Global Corn Wet-Milling Market is expected to grow with a CAGR of 5.70% in the forecast period of 2022 to 2029.
“Increasing food consumption worldwide boosts the market’s growth”
The growth of the corn wet-milling market is propelled by increasing food consumption worldwide. As the global population rises and dietary preferences evolve, the demand for processed food and beverages expands. Corn wet-milling plays a crucial role in the production of various food products, including sweetener, starches, and ethanol. This growing demand for processed food and beverage ingredients derived from corn drives the corn wet-milling market, presenting opportunities for manufacturers to cater to the increasing needs of the food and beverage industry.
What restraints the growth of the global corn wet-milling market?
“Stringent regulations restraints the market’s growth”
The corn wet-milling market growth is restrained by stringent regulations governing the industry. Governments and regulatory bodies impose strict guidelines to ensure food safety, environmental protection, and sustainable practices during corn wet-milling processes. Compliance with these regulations requires investments in advanced technologies and adherence to specific standards, which can be costly and time-consuming for companies. Moreover, changing regulatory requirements may pose challenges for existing manufacturing processes and necessitate adjustments, impacting the market's growth and hindering the entry of new players.
Segmentation: Global Corn Wet-Milling Market
The global corn wet-milling market is segmented on the basis of end-product, application, source, and equipment.
- On the basis of end-product, the corn wet-milling market is segmented into starch, sweetener, ethanol, corn gluten MEAI, and gluten feed, and others.
- On the basis of application, the corn wet-milling market is divided into feed, food, steepwater, mill, refinery, ethanol production, starch modification, and industrial applications.
- On the basis of source, the corn wet-milling market is segmented into dent corn and waxy corn.
- On the basis of equipment, the corn wet-milling market is divided into milling equipment, steeping equipment, centrifuge systems, washing and filtration systems, and others.
Regional Insights: Asia-Pacific dominates the Global Corn Wet-Milling Market
Asia-Pacific dominates the corn wet-milling market due to the increase in disposable incomes and high consumption patterns. As consumers' purchasing power rises, the demand for processed food and beverages, which rely on corn-based ingredients, also increases, contributing to the market's expansion.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 because of extensive use across diverse industries, including food, feed, textiles, paper, pharmaceuticals, and more. The versatility of corn-derived products in meeting the demands of various sectors contributes to the market's expansion and ensures a steady demand for corn wet-milling processes.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-corn-wet-milling-market
The Prominent Key Players Operating in the Global Corn Wet-Milling Market Include:
- Tate & Lyle (U.K.)
- ADM (U.S.)
- Cargill, Incorporated (U.S.)
- AGRANA Beteiligungs-AG (Austria)
- Bunge Limited (U.S.)
- Global Bio-chem Technology Group Company Limited (Hong Kong)
- Grain Processing Corporation (U.S.)
- Roquette Frères (France)
- ANDRITZ (Austria)
- Sanstar Bio - Polymers Ltd. (India)
Above are the key players covered in the report, to know about more and exhaustive list of global corn wet-milling market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Corn Wet-Milling Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
