Corn Wet-Milling Market Insights, Forecast, Growth, Trends 2024-2033

The corn wet-milling market size has grown strongly in recent years. It will grow from $76.91 billion in 2023 to $81.17 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to diverse applications in food industry, growing global population, high fructose corn syrup (hfcs) demand, biofuel production, feed industry consumption, increased industrial applications.

The corn wet-milling market size is expected to see strong growth in the next few years. It will grow to $100.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rise in clean label and natural ingredients, innovation in value-added products, demand for gluten-free products, focus on animal nutrition, shift in global dietary patterns, emergence of novel corn varieties. Major trends in the forecast period include digitalization in manufacturing, investment in sustainable practices, strategic collaborations in research, technological advancements in processing, biorefinery concepts.

Market Overview -
Corn wet-milling is a process of physical separation of corn into proteins, starches, oil, and fiber using water and specialized machinery. In this process, the corn kernels are submerged in steep tanks, which are big tanks filled with diluted aqueous sulfur dioxide solution. The kernel is then softened and treated to remove the germ, which is then processed again to remove the highly valuable maize oil.

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Growing Demand For Corn-Based Products Drives Market Expansion
The rising demand for corn-based products is boosting the growth of the corn wet-milling market going forward. Corn-based products refers to items made of corn such as corn flakes, and flours. The increasing demand for corn-based products increases demand for corn-wet milling as it improves the purity of the product. For instance, in December 2021, according to a report on Regional Corn Competitiveness published by RaboBank, a Netherlands-based banking and financial services company, the global consumption of corn is anticipated to increase by 25% over the next ten years, from 1.14 billion metric tons in 2021 to 1.43 billion metric tons in 2030. Therefore, rising demand for corn-based products will drive the growth of the corn wet-milling market.

Competitive Landscape -
Major companies operating in the corn wet-milling market report are Agrana Beteiligungs-AG, Tate & Lyle plc, Archer Daniels Midland Company, Cargill Incorporated, Ingredion Incorporated, Roquette Freres SA, Grain Processing Corporation, Bunge Limited, Andritz Group, China Agri-Industries Holding Limited, VetterTec GmbH, PerkinElmer Inc., AGC Heat Transfer Inc., Koninklijke DSM NV, The Andersons Inc., Green Plains Inc., Global Bio-Chem Technology Group Company Limited, Grain Millers Inc., Didion Milling Inc., SunOpta Inc., Pacific Ethanol Inc., Valero Energy Corporation, Flint Hills Resources LP, GreenField Specialty Alcohols Inc., The Mennel Milling Company, The Scoular Company, Lamsan Co. Ltd., National Starch LLC, Penford Corporation, Cereal Ingredients Inc., LifeLine Foods LLC

New Sustainable And Automated Corn Wet-Milling Facilities Transforming The Market
Major companies operating in the corn wet-milling market are establishing new mills to strengthen their position in the market. For instance, in September 2022, Cargill, Incorporated, a US-based food corporation opened its new corn wet mill in Pandaan, Pasuruan, Surabaya, representing a USD 100 million (IDR 1.3 trillion) investment. The state-of-the-art facility is strategically positioned to meet the increasing demand for starches, sweeteners, and feeds in Asia and Indonesia. The new corn wet mill, equipped with advanced technologies including industry 4.0 practices, aims to optimize automation, ensuring efficiency from milling to packaging through robotics systems. It also prioritizes environmental sustainability with stringent waste management, water conservation practices, and a commitment to biodiversity conservation through a tree-planting program.

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Key Segments -

The corn wet-milling market covered in this report is segmented -
1) By Source: Dent Corn, Waxy Corn
2) By Equipment: Milling Equipment, Steeping Equipment, Centrifuge Systems, Washing and Filtration Systems, Other Equipments
3) By End-product: Starch, Sweetener, Ethanol, Corn Gluten Meal and Gluten Feed, Other End-Products

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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