Corn Wet-Milling Market Set to Reach $106.7 Billion by 2029 with 6% Yearly Growth

What combination of drivers is leading to accelerated growth in the corn wet-milling market?
The growth trajectory of the corn wet-milling market is escalating due to the expanding demand for products derived from corn. These corn-based products can range from corn flakes to flours. With the surge in demand for such products, there is an accompanying rise in the necessity for corn-wet milling, as it enhances the product's purity. In February 2024, the International Grains Council (IGC), an intergovernmental organization located in London reported that the worldwide corn consumption and production tallied 1,177 million tonnes and 1,156 million tonnes respectively in the season of 2022/23. As such, the burgeoning demand for corn-based goods will propel the expansion of the corn wet-milling market.

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What is the projected compound annual growth rate (CAGR) of the corn wet-milling market from 2025 to 2034, and what factors influence it?
The size of the corn wet-milling market has seen considerable growth in the recent past. Its market scale is set to expand from $80.53 billion in 2024 to $84.76 billion in 2025, escalating at a compound annual growth rate (CAGR) of 5.2%. This growth during the historic period is credited to its varied uses in the food sector, rising worldwide population, increased demand for high fructose corn syrup (HFCS), production of biofuel, usage in the feed industry, and augmented industrial applications.

Anticipated to witness robust expansion in the coming years, the corn wet-milling market is set to increase to $106.72 billion by 2029, boasting a compound annual growth rate (CAGR) of 5.9%. This predicted surge is attributed to factors such as the popularity of clean label and natural ingredients, innovations in value-added products, increased demand for gluten-free goods, enhancing animal nutrition, shifts in global eating habits, and the introduction of new varieties of corn. The forthcoming period is likely to witness prominent trends such as the digitalization of manufacturing, investment in eco-friendly practices, strategic partnerships for research, advanced technology in processing, and biorefinery concepts.

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How are the latest trends influencing the growth of the corn wet-milling market?
Leading businesses in the corn wet-milling industry are unveiling new mills to fortify their market standing. For example, in September 2022, Cargill, Incorporated, an American food corporation, launched its latest corn wet mill at Pandaan, Pasuruan, Surabaya, symbolizing an investment of USD 100 million (IDR 1.3 trillion). The cutting-edge establishment is tactically located to cater to the growing demands for starches, sweeteners, and feeds in both Asia and Indonesia. Adding state-of-the-art technologies inclusive of industry 4.0 standards, the new corn wet mill promises enhanced automation, achieving efficiency starting from the milling process up until packaging, using robotics systems. The mill equally gives importance to ecological sustainability by laying stress on rigorous waste management, water conservation protocols, and a pledge towards maintaining biodiversity via a tree-planting initiative.

What are the major segments of the corn wet-milling market and their role in driving growth?
The corn wet-milling market size has grown strongly in recent years. It will grow from $80.53 billion in 2024 to $84.76 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. 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.

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Which regions are key players in the growth of the corn wet-milling market?
North America was the largest region in the corn wet-milling market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the corn wet-milling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the corn wet-milling market?
Major companies operating in the corn wet-milling market 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., 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

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What Is Covered In The Corn Wet-Milling Global Market Report?

• Market Size Forecast: Examine the corn wet-milling market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the corn wet-milling market for a structured understanding.
• Key Players Overview: Analyze major players in the corn wet-milling market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the corn wet-milling market.
• Segment Contributions: Evaluate how different segments drive overall growth in the corn wet-milling market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the corn wet-milling market.
• Industry Challenges: Identify potential risks and obstacles affecting the corn wet-milling market.
• Competitive Landscape: Review strategic developments in the corn wet-milling market, including expansions, agreements, and new product launches.

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