Stratistics MRC, the “Global Corn Wet-Milling Market” is accounted for $64.10
billion in 2018 and is expected to reach $115.40 billion by 2027 growing at a
CAGR of 6.8% during the forecast period. While the factors like growing demand
for high fructose corn syrup in processed food & beverages and increasing
consumption of corn gluten meal-based animal feed products are driving the
growth of the market.
However, stringent government regulatory controls over
health & safety and increasing quality standards are some of the factors
restraining market growth.
Corn wet-milling is a process of refining corns
to manufacture end products utilized by immeasurable individuals worldwide. The
shelled corns are processed by two types of dry mills or wet mills. Beneath corn
wet-milling process corns are separated into four parts particularly starch,
fiber, germ, and gluten. The production method of corn wet-milling includes
cleansing, steeping, milling & germ separation, fine grinding &
screening and separating starch & protein.
The additional method includes
conversion of starch to sweetening and fermentation by dextrose which added
value to products such as ethanol, amino acids and polylactic acid employed in
biodegradable products. Beneath milling process corns are indelicately milled
to separate germs from alternative parts that contain around eighty-fifth of
Based on type,
the growth of dent corn is constantly enhancing due to dent corn is the most
commonly used corn in corn wet-milling process to manufacture corn syrup, food
starch, feed, and ethanol. Dent corn is typically cultivated as a row crop
grown commercially for grain and fodder. Cultivars developed for commercial
cultivation are either single- or double-cross hybrids bred for special growing
areas, soils, or climatic conditions.
Depending on end
product, corn oil is estimated to have a lucrative growth owing to growing
incidences of lifestyle diseases coupled with rising health awareness among
consumers have significantly contributed demand for corn oil. In addition, the
numerous uses in biofuel and various industrial products like paints, soaps, pesticides,
pharmaceuticals etc. are further augmented the growth of the market.
By equipment, the
centrifuge systems have a growing prominence due to they are the used widely
used equipment in the corn wet-milling market. The centrifuge systems are
commonly employed to separate product components including the germ, fiber, gluten,
starch and soluble solids.
Based on the application,
the food segment is estimated to have a lucrative growth in the forecast
period. The major food ingredients obtained from corn wet-milling process are
syrup, corn starch. Corn syrup is used as a sweetener in food items like
candies, ice creams, confectionery, and infant formula. High-fructose corn
syrup is used in numerous shopper merchandise like baked goods, dairy products,
fruit-flavored beverages, and soft drinks.
By geography, North America is likely to have a
huge demand in the forecast period. The growth is mainly attributed to the expansion of corn wet milling industries
and the high consumption of corn wet-milling products by many industries such as
textiles, food, pharmaceuticals, animal feed, personal care and others in these
regions. Moreover, the region consists of multinational food processing
companies such as ADM (US), Cargill (US), and Ingredion (US) which in the end
results for the growth of the market.
For more information fill in the Inquiry form at: “Global Corn Wet-Milling Market”
Some of the key players in Global Corn
Wet-Milling market include Tate & Lyle PLC, Archer Daniels Midland Company,
Ingredion Incorporated, Global Bio-Chem Technology Group Company Limited,
Cargill, Incorporated, Roquette Corporate, Agrana Beteiligungs-Ag, Bunge
Limited, Grain Processing Corporation, China Agri-Industries Holdings Limited,
and Agri-Industries Holding Limited.
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