Corn Wet-Milling - Global Market Outlook (2018-2027)
According to 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 the 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 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 corn’s oil.
Based on 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 by expansion of corn wet milling industries and 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 growth of the 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.
• Waxy Corn
• Dent Corn
End Products Covered:
• Gluten Meal & Gluten Feed
• Corn Oil
• Other Co-Products
• Steeping Equipment
• Centrifuge Systems
• Milling Equipment
• Washing & Filtration Systems
• Other Equipments
• Feed Area
• Ethanol Production
• Starch Modification
• Industrial Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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