Global Wet-Milling Market, By Equipment (Milling Equipment, Steeping Equipment, Centrifuge System, and Washing & Filtration System), Processing Size (Medium Line Processing and Large Line Processing), Source (Corn, Wheat, Cassava, and Potato), End Product (Sweetener, Ethanol, Corn Gluten Meal & Gluten Feed, Corn Oil, Corn Steep Liquor, and Protein), Application (Feed, Food, Steep Water, Oil Processing, Fermentation/ Bioprocessing, Waste Treatment, Mill, Refinery, Ethanol Production, Starch Modification) – Industry Trends and Forecast to 2030.
North America Wet-Milling Market Analysis and Size
In many industrial processes, especially in the food and beverage sector, wet milling is a widely used technique. It entails soaking grains in water, such as corn, wheat, or rice, and then dissecting them mechanically to determine their constituent parts. Wet milling's primary goal is to remove valuable components from the grains, like starch, oil, protein, and fiber, for use in other processes or applications.
Wet milling is widely used in the food and beverage industry to create a variety of goods. The extraction of maize starch is one frequent use. After being extracted, this starch can be converted into a variety of sweeteners, including high-fructose corn syrup and corn syrup, both of which are widely used in the food industry.
Data Bridge Market Research analyses that the North America wet-milling market which was USD 210.84 million in 2022, would rocket up to USD 232.33 million by 2030, and is expected to undergo a CAGR of 1.18% during the forecast period. This indicates that the market value. “Milling Equipment” dominates the equipment segment of the wet-milling market owing to the growing demand for industrial practices. 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.
North America 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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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Equipment (Milling Equipment, Steeping Equipment, Centrifuge System, and Washing & Filtration System), Processing Size (Medium Line Processing and Large Line Processing), Source (Corn, Wheat, Cassava, and Potato), End Product (Sweetener, Ethanol, Corn Gluten Meal & Gluten Feed, Corn Oil, Corn Steep Liquor, and Protein), Application (Feed, Food, Steep Water, Oil Processing, Fermentation/ Bioprocessing, Waste Treatment, Mill, Refinery, Ethanol Production, Starch Modification)
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Countries Covered
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U.S., Canada and Mexico
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Market Players Covered
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GEA Group Aktiengesellschaft (Düsseldorf, Germany), ALFA LAVAL (Lund, Sweden), Bühler AG (Uzwil, Switzerland), ANDRITZ (Graz, Austria), NETZSCH-Feinmahltechnik GmbH (Selb, Germany), Hanningfield Process Systems Ltd (Essex, U.K.), Willy A. Bachofen AG (Muttenz, Switzerland), Tate & Lyle (Kingsway, London), ADM (Illinois, U.S.), Cargill, Incorporated. (Minneapolis, U.S.), Global Bio-chem Technology Group Company Limited (Hong Kong, China), Grain Processing Corporation (Iowa, U.S.), Roquette Frères (Lestrem, France), AGRANA Beteiligungs-AG (Austria), and Ingredion Incorporated (Chicago, U.S.)
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Market Opportunities
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Market Definition
Wet-milling is, also known as wet-media milling, is a combination of mechanical and chemical techniques. It is a process in which feed material is steeped in water, usually with Sulphur dioxide, to soften the seed kernel in order to help separate the kernel’s various components. It is done in order to get all the components of grains such as corn, wheat, and roots such as potato separately. In the case of corn, through the wet-milling process, corn starch, corn oil, glucose, and many other components are extracted.
North America Wet-Milling Market Dynamics
Drivers
- Increasing Demand for Corn-Based Products
The wet-milling market in North America is significantly fuelled by the rising demand for corn-based products like sweeteners, starches, and ethanol. The food and beverage, pharmaceutical, and biofuel industries are just a few of the sectors where these products are used. This in turn has carved the way for the growth of the market.
- Growing Food and Beverage Industry
The demand for wet-milled products is being driven by North America's expanding food and beverage sector. By extracting starch, sweeteners, and other valuable components from grains through wet milling, the food and beverage industry can meet its wide range of demands.
- Technological Advancements
Efficiency, productivity, and product quality have all increased as a result of developments in wet milling technologies. The overall performance of wet milling operations has improved thanks to innovation in machinery, procedures, and techniques, increasing their allure for manufacturers.
Opportunities
- Product Diversification
Wet-milling manufacturers can take advantage of the chance to diversify their product offerings. Specialty ingredients, functional additives, and modified starches are increasingly in demand across a number of industries. Companies can meet changing customer needs and access new market segments by diversifying their product offerings and creating cutting-edge solutions.
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Increased Demand For Biofuel
The focus on sustainable and renewable energy sources has led to an increased demand for biofuels like ethanol. Wet milling plays a crucial role in ethanol production, as it enables the separation of starch from grains for fermentation and subsequent ethanol distillation.
Restraints/Challenges
- Fluctuating Raw Material Prices
Rice, wheat, and other agricultural products, in particular, are heavily reliant on the wet-milling sector. Manufacturers may face difficulties as a result of price fluctuations for these raw materials. The cost of production, profitability, and pricing strategies can all be impacted by volatile commodity prices, which can also have an impact on the overall stability of the market.
This wet-milling market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 make an informed market decision to achieve market growth.
Recent Developments
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In April 2023, It was announced by Global Bio-chem Technology Group Company Limited (GBT, collectively with its subsidiaries, the "GBT Group," stock code 00809) and Global Sweeteners Holdings Limited (GSH, collectively with its subsidiaries, the "GSH Group," stock code 03889) that the GBT Group would be selling 47% of the issued share capital of GSH to Mr. Kong Zhanpeng and Mr. Wang Tieguang (the "Joint Offerors"). Additionally, the Dihao Sale and Purchase Agreements between GSH Group and GBT Group were signed in order for GSH Group to transfer to GBT Group all equity interests in Changchun Dihao Crystal Sugar Industry Development Co., Ltd. ("Dihao Crystal Sugar") and Changchun Dihao Foodstuff Development Co., Ltd. ("Dihao Foodstuff")
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In September 2022, With the opening of Shandong South, a new production facility in Shandong, China, Ingredion Incorporated, a leading global provider of value-added ingredient solutions, strengthened the global sustainable ingredients supply chain for food and beverage (F&B) producers. With this most recent launch, Ingredion's capabilities and capacity for starch production in the nation have been doubled.
North America 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 analyse 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
Processing Size
- Medium Line Processing
- Large Line Processing
Source
- Corn
- Dent Corn
- Waxy Corn
- Wheat
- Cassava
- Patato
- Others
End Product
- Starch
- Sweetener
- Ethanol
- Corn Gluten Meal & Gluten Feed
- Corn Oil
- Corn Steep Liquor
- Proteins
- Others
Application
- Feed
- Food
- Steepwater
- Oil Processing
- Fermentation/Bioprocessing
- Waste Treatment
- Mill
- Refinery
- Ethanol Production
- Starch Modification
- 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 U.S., Canada and Mexico.
U.S. dominates the wet-milling market because of the strong base of manufacturing facilities, strong presence of major players in the market, increased demand of corn based products among the consumers, and rising number of business strategies in this country.
Mexico is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in demand for corn-based products, rise in biofuel demands, growing research activities in the region, availability of massive untapped markets, and large population pool.
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 like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the 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 competitors. 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 the wet-milling market.
Some of the major players operating in the wet-milling market are:
- GEA Group Aktiengesellschaft (Düsseldorf, Germany)
- ALFA LAVAL (Lund, Sweden)
- Bühler AG (Uzwil, Switzerland)
- ANDRITZ (Graz, Austria)
- NETZSCH-Feinmahltechnik GmbH (Selb, Germany)
- Hanningfield Process Systems Ltd (Essex, U.K.)
- Willy A. Bachofen AG (Muttenz, Switzerland)
- Tate & Lyle (Kingsway, London)
- ADM (Illinois, U.S.)
- Cargill, Incorporated. (Minneapolis, U.S.)
- Global Bio-chem Technology Group Company Limited(Hong Kong, China)
- Grain Processing Corporation (Lowa, U.S.)
- Roquette Frères (Lestrem, France)
- AGRANA Beteiligungs-AG(Austria)
- Ingredion Incorporated (Chicago, U.S.)
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