Europe Wet-Milling Market By Equipment (Milling Equipment, Steeping Equipment, Centrifuge System, Washing & Filtration System, Others), Processing Size (Medium Line Processing, Large Line Processing), Source (Corn, Wheat, Cassava, Potato, Others), End Product (Starch, Sweetener, Ethanol, Corn Gluten Meal & Gluten Feed, Corn Oil, Corn Steep Liquor, Proteins, Others), Application (Feed, Food, Steep Water, Oil Processing, Fermentation/Bioprocessing, Waste Treatment, Mill, Refinery, Ethanol Production, Starch Modification, Others) – Industry Trends and Forecast to 2029
Europe Wet-Milling Market Analysis and Size
Wet corn gluten feed production has increased in recent years, while other by products have decreased, according to the U.S. Census Bureau. From 2007 to 2009, the average monthly production of gluten meal was 165 million pounds. Corn refiners manufacture a variety of feed products, including corn gluten meal, corn germ meal, and wet corn gluten feed.
Data Bridge Market Research analyses that the wet-milling market which was growing at a value of 266.39 million in 2021 and is expected to reach the value of USD 271.42 million by 2029, at a CAGR of 0.234% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Market Definition
Wet-milling is a costly but efficient chain of processes in which material such as corn and wheat is soaked in with in order to achieve the goal of softening the kernel to segregate all components of that source so that maximum use of all components can be derived. In the case of corn, for instance, the wet milling process yields corn starch, corn oil, glucose, and a variety of other components. Wet-milling is an important part of many industries, including pharmaceutical, food and beverage, beauty and cosmetics, and others, because it provides ingredients such as starch and protein.
Europe Wet-Milling Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Equipment (Milling Equipment, Steeping Equipment, Centrifuge System, Washing & Filtration System, and Others), Processing Size (Medium Line Processing, and Large Line Processing), Source (Corn, Wheat, Cassava, Potato and Others), End Product (Starch, Sweetener, Ethanol, Corn Gluten Meal & Gluten Feed, Corn Oil, Corn Steep Liquor, Proteins and Others), Application (Feed, Food, Steep Water, Oil Processing, Fermentation/Bioprocessing, Waste Treatment, Mill, Refinery, Ethanol Production, Starch Modification, Others)
|
|
Countries Covered
|
Germany, U.K, Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Denmark, Sweden, Poland, Turkey, Rest of Europe
|
|
Market Players Covered
|
Tate & Lyle PLC (U.K.), ADM (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Agrana Beteiligungs-AG (Austria), The Roquette Freres (France). Bunge Limited (U.S.), China Agri-Industries Holding Limited (China), Global Bio-Chem Technology Group Company Limited (Hong Kong), and Grain Processing Corporation (U.S.)
|
|
Opportunities
|
|
Wet-Milling Market Dynamics
Drivers
- High demand for high fructose syrups from the food and beverage industry
Increased demand for high fructose corn syrups in the carbonated beverage industry due to its 55 percent fructose content makes it sweeter than sucrose and results in lower manufacturing costs for manufacturers. As high fructose corn syrups are the main product produced in the wet-milling process, an increase in their demand is expected to drive the corn wet-milling market in the near future. Regardless of the Europe economic downturn, the Europe beverage industry is expected to grow significantly. The rise in sales of ready-to-drink beverages, which include carbonated and dairy beverages, tea, fruit drinks, and alcoholic beverages such as beer, ciders, and malted beverages, is the primary driver of the rise in demand for high fructose corn syrups.
- Growing importance of wet milling in animal feed industries
Other factors expected to fuel the Europe corn wet-milling market growth include rising demand for corn ethanol, wet milling products that are high in digestible fibre, amino acids, and energy, protein, cysteine, and methionine. The growing demand for biofuels will benefit the wet-milling industry and increase the demand for wet-milling.
Opportunity
Furthermore, rising demand for meat and meat products in growing regions will provide lucrative growth opportunities for the market in the coming years. Furthermore, the Europe trend toward consumption of animal protein diets will contribute to market growth.
Restraints
However, stringent government regulatory controls over health and safety, as well as rising quality standards, may stymie the growth of the corn wet-milling market. In addition, the cost of maintaining and servicing wet-milling equipment is high. As a result, the wet-milling market is constrained.
This wet-milling market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wet-milling market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Wet-Milling Market
Several countries imposed strict lockdowns to contain the infection, resulting in the shutdown of F&B processing plants and the disruption of the food and beverages supply chain for a limited time. The shortage of F&B products and essential items, panics buying by consumers around the world, interruption of supply chains due to travel restrictions, and labour shortages have significantly impacted the F&B supply chain. Major robot manufacturing companies worldwide reported a decline in revenue generation during the first and second quarters of 2020 due to lower sales caused by an economic slowdown caused by lockdown and quarantine restrictions imposed by governments worldwide, as well as a temporary drop in demand for automation.
Recent Development
- Tate & Lyle PLC (Tate & Lyle), a leading Europe provider of food and beverage ingredients and solutions, doubled the capacity of its non-GMOMALTOSWEET Maltodextrin production line in Boleraz, Slovakia, in October 2019. MALTOSWEET Maltodextrin is a high-nutritional-value corn-based specialty sweetener. This increases production capacity to meet rising demand.
- In January 2019, ADM introduced a new product line called Tapioca starches, which expanded the company's product portfolio and will allow it to better meet the needs of its customers in the Europe market.
- Tate & Lyle introduced the CLARIAEVERLAST® Line of Clean Label Starches in February 2020, which extends the shelf-life of the product and even preserves food quality in extreme storage conditions. This broadens their product portfolio, which broadens their consumer offerings.
Europe Wet-Milling Market Scope
The wet-milling market is segmented on the basis of equipment, processing size, source, end product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Equipment
- Milling Equipment
- Steeping Equipment
- Centrifuge System
- Washing & Filtration System
- Others
Application
- Feed
- Food
- Steep Water
- Oil Processing
- Fermentation/Bioprocessing
- Waste Treatment
- Mill
- Refinery
- Ethanol Production
- Starch Modification
- Others
Processing size
- Medium Line Processing
- Large Line Processing
Source
- Corn
- Wheat
- Cassava
- Potato
- Others
End user
- Starch
- Sweetener
- Ethanol
- Corn Gluten Meal & Gluten Feed
- Corn Oil
- Corn Steep Liquor
- Proteins
- Others
Wet-Milling Market Regional Analysis/Insights
The wet-milling market is analysed and market size insights and trends are provided by country, equipment, processing size, source, end product and application as referenced above.
The countries covered in the wet-milling market report are Germany, U.K, Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Denmark, Sweden, Poland, Turkey, Rest of Europe.
Germany has a thriving wet-milling market due to the growing demand for wet-milling in the food industry. As people become more aware of technological advancements, which have resulted in an increase in wet-milling products and by-products in Germany and the Netherlands, the Netherlands is growing in the European wet-milling market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wet-Milling Market Share Analysis
The wet-milling market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to wet-milling market.
Some of the major players operating in the wet-milling market are:
- Tate & Lyle PLC (U.K.)
- ADM (U.S.)
- Cargill, Incorporated (U.S.)
- Ingredion Incorporated (U.S.)
- Agrana Beteiligungs-AG (Austria)
- Roquette Freres (France)
- Bunge Limited (U.S.)
- China Agri-Industries Holding Limited (China)
- Global Bio-Chem Technology Group Company Limited (Hong Kong)
- Grain Processing Corporation (U.S.)
SKU-