Press release
Corn Wet-Milling Market: Soaring Heights with Impressive CAGR of 5.2%
Harnessing the Power of Corn: Insights on Market Size, Growth Drivers, and Predominant TrendsWhat Is The Projected Market Size Of The Global Corn Wet-Milling Market And Its Growth Rate?
• The corn wet-milling market has shown significant growth in recent times. From the year 2024 to 2025, the market is projected to grow from $80.53 billion to $84.76 billion at a compound annual growth rate (CAGR) of 5.2%.
• This growth can be attributed to various factors such as increased applications in the food industry, rising global population, high demand for high fructose corn syrup, biofuel production, and heightened industrial applications.
• Looking ahead, there is potential for strong growth, with predicted growth to $106.72 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%.
• Key factors contributing to this anticipated growth include a rise in clean label and natural ingredients, innovation in value-added products, demand for gluten-free products, and technological advancements in processing.
What Is Driving The Growth In The Corn Wet-Milling Market?
The growth of the corn wet-milling market is primarily driven by the rising demand for corn-based products. These products encompass a broad range of items made from corn like corn flakes and flours. As the demand for such items increases, so does the demand for corn-wet milling given it enhances product purity. For instance, global corn consumption and production was over 1 billion tonnes in 2022/2023 according to the International Grains Council (IGC). The rising market for corn-based products is thus a key driver of the growth in the corn wet-milling market.
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Who Are the Key Players Driving Corn Wet-Milling Market Growth?
Notable companies operating in the corn wet-milling market include:
• 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.
• 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
What Are The Key Trends In The Corn Wet-Milling Market?
Key trends in the corn wet-milling market include:
• Digitalization in Manufacturing
• Investment in Sustainable Practices
• Strategic Collaborations in Research
• Technological Advancements in Processing
• Biorefinery Concepts
What Are The Segments Of The Global Corn Wet-Milling Market?
The corn wet-milling market is segmented by:
• Source: Dent Corn, Waxy Corn
• Equipment: Milling Equipment, Steeping Equipment, Centrifuge Systems, Washing And Filtration Systems, Other Equipment
• End-product: Starch, Sweetener, Ethanol, Corn Gluten Meal And Gluten Feed, Other End-Products
Which Region Leads The Corn Wet-Milling Market?
North America leads the corn wet-milling market. Being the largest in 2024, it's also predicted to be the fastest-growing region in the coming years. Other key regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Corn Wet-Milling Market Global Market Report?
• Market Size Analysis: Analyze the Corn Wet-Milling Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Corn Wet-Milling Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Corn Wet-Milling Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Corn Wet-Milling Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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