Global Corn Wet-Milling Market, By End-Product (Starch, Sweetener, Ethanol, Corn Gluten MEAI, Gluten Feed, and Others), Application (Feed, Food, Steepwater, Mill, Refinery, Ethanol Production, Starch Modification, and Industrial Applications), Source (Dent Corn and Waxy Corn), Equipment (Milling Equipment, Steeping Equipment, Centrifuge Systems, Washing and Filtration Systems, and Others) – Industry Trends and Forecast to 2031.
Corn Wet-Milling Market Analysis and Size
The corn wet-milling market processes dent corn and waxy corn into various products. Dent corn, high in starch content, is primarily used for ethanol production, corn syrups, and animal feed. Waxy corn, characterized by its high amylopectin content, is utilized in food and industrial applications, including the production of modified starches and sweeteners such as glucose and dextrose.
Data Bridge Market Research analyses that the global corn wet-milling market, which was USD 82.83 billion in 2023, is expected to reach USD 117.17 billion by 2031, at a CAGR of 4.43% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Corn Wet-Milling Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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End-Product (Starch, Sweetener, Ethanol, Corn Gluten MEAI, Gluten Feed, and Others), Application (Feed, Food, Steepwater, Mill, Refinery, Ethanol Production, Starch Modification, and Industrial Applications), Source (Dent Corn and Waxy Corn), Equipment (Milling Equipment, Steeping Equipment, Centrifuge Systems, Washing and Filtration Systems, and Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Eastern Resources, Inc. (U.S.), 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 (China), Grain Processing Corporation (U.S.), Roquette Frères (France), ANDRITZ (Austria), Sanstar Bio-Polymers Ltd. (India), Jäckering Gruppe (Germany), Jupiter (India), The Nisshin OilliO Group, Ltd. (Japan), LifeLine Foods (U.S.), SDC Nutrition Inc (U.S.), Didion Inc. (U.S.)
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Market Opportunities
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Market Definition
Corn wet-milling is a process used in the food and beverage industry to extract starch, gluten, fiber, and protein from corn kernels. The process involves steeping the corn in water, separating the components through grinding, sieving, and centrifugation, and refining them into various products such as sweeteners, ethanol, and animal feed.
Global Corn Wet-Milling Market Dynamics
Drivers
- Shift Towards Healthier and Natural Food Ingredients
With increasing consumer awareness of dietary choices, demand rises for corn-based products such as cornstarch and corn syrup, which serve as alternatives to synthetic additives and sweeteners. As consumers prioritize natural ingredients in their diets, the market for corn wet-milling expands, offering a range of wholesome and sustainable options to meet evolving dietary preferences.
- Technological Advancements in Wet Milling Processes
Innovations in milling equipment and techniques enhance efficiency, yield, and product quality. These advancements enable manufacturers to extract higher value from corn kernels, producing a wider range of corn-derived products such as starches, sweeteners, and ethanol. By optimizing production processes, technological progress drives market growth, offering opportunities for increased profitability and competitiveness in the industry.
Opportunities
- Collaboration with Biorefineries for Product Diversification
Through partnering with biorefineries, corn wet-milling companies can leverage their expertise in processing biomass to diversify product offerings. This collaboration enables the production of a wide range of bio-based products, such as biochemicals, bioplastics, and biofuels, tapping into growing demand for sustainable alternatives. Ultimately, it fosters innovation and strengthens market competitiveness by expanding product portfolios and addressing evolving consumer preferences.
- Utilization of Corn Milling Byproducts for Animal Feed
Repurposing corn milling byproducts into animal feed minimizes waste, boosts sustainability, and generates additional revenue for wet-milling companies. This practice fosters stronger relationships with livestock producers while contributing to the circular economy. Ultimately, it ensures long-term growth and profitability by aligning with environmental sustainability goals and meeting the increasing demand for sustainable agricultural practices.
Restraints/Challenges
- Limited Availability of Skilled Labor in Wet-Milling Operations
The shortage of skilled labor can lead to inefficiencies, delays, and reduced productivity in manufacturing processes. Moreover, it may hinder innovation and adaptation to new technologies, limiting competitiveness in the market. This constraint may also hinder market expansion by impeding the ability of companies to meet growing demand and maintain competitive advantage.
- Fluctuating Corn Prices Impacting Production Costs
Sudden price changes can disrupt profit margins and budgeting forecasts for wet-milling companies. This instability may lead to pricing fluctuations for corn-derived products, affecting consumer affordability and market demand. Additionally, it can deter investment in expansion or innovation, hindering overall market growth and stability.
This global corn wet-milling market 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 global corn 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.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In September 2022, Cargill launched a USD 100 million corn wet mill plant in Indonesia to address increasing demand in the Asian market for sweeteners, starch, and feeds. This investment underscores Cargill's commitment to meeting regional needs, strengthening its position, and seizing opportunities in the corn wet-milling market
- In January 2022, Ambuja Exports' share price surged by 4.96% following the announcement of a new corn wet-milling plant construction in Gujarat, India. This investment reflects the company's strategic move to capitalize on the growing demand in the corn wet-milling market, driving investor confidence and stock appreciation
Global Corn Wet-Milling Market Scope
The global corn wet-milling market is segmented on the basis of end-product, application, source, and equipment. 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.
End-Product
- Starch
- Sweetener
- Ethanol
- Corn Gluten MEAI
- Gluten Feed
- Others
- Corn Oil
- Proteins
- Corn Germ Meal
- Steep Liquor
Application
- Feed
- Food
- Steepwater
- Mill
- Refinery
- Ethanol Production
- Starch Modification
- Industrial Applications
Source
- Dent Corn
- Waxy Corn
Equipment
- Milling Equipment
- Steeping Equipment
- Centrifuge Systems
- Washing
- Filtration Systems
- Others
- Heating and Cooling Systems
- Dryers
Global Corn Wet-Milling Market Regional Analysis/Insights
The global corn wet-milling market is analysed and market size insights and trends are provided by end-product, application, source, and equipment as referenced above.
The countries covered in the global corn wet-milling market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The Asia-Pacific region is expected to dominate the corn wet-milling market due to increasing disposable incomes and consumption levels. Rising economic prosperity drives demand for corn-derived products such as sweeteners and starches. This trend positions the region as a key player, offering substantial growth opportunities for market participants.
North America is projected to experience notable growthin the corn wet-milling market, driven by widespread applications in food, feed, textiles, paper, and pharmaceutical sectors. This diverse usage underscores the region's pivotal role in driving demand for corn-derived products, fueling market expansion and innovation.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as 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 global 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 Global Corn Wet-Milling Market Share Analysis
The global corn 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, global 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 global corn wet-milling market.
Some of the major players operating in the global corn wet-milling market are:
- Eastern Resources, Inc. (U.S.)
- 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 (China)
- Grain Processing Corporation (U.S.)
- Roquette Frères (France)
- ANDRITZ (Austria)
- Sanstar Bio-Polymers Ltd. (India)
- Jäckering Gruppe (Germany)
- Jupiter (India)
- The Nisshin OilliO Group, Ltd. (Japan)
- LifeLine Foods (U.S.)
- SDC Nutrition Inc (U.S.)
- Didion Inc. (U.S.)
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