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Corn Wet-Milling Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
The Corn Wet-Milling Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Corn Wet-Milling Market Size During the Forecast Period?
The size of the corn wet-milling market has been experiencing substantial growth in recent years. The projected growth sees it increase from $80.53 billion in 2024 to $84.76 billion in 2025, resulting in a compound annual growth rate (CAGR) of 5.2%. The growth in the historical period is due to a variety of factors. These include the significant applications in the food industry, the increase in global population, the high demand for high fructose corn syrup (HFCS), biofuel production, the consumption by the feed industry and an increase in industrial applications.
Anticipated to witness substantial growth in the upcoming years, the market size of corn wet-milling is expected to hit $106.72 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.9%. The significant expansion during the forecast years could be due to the increasing demand for natural and clean label ingredients, innovation in adding value to products, the preference for gluten-free items, emphasis on animal nourishment, changes in worldwide dietary habits, and the introduction of new corn varieties. Trends expected to shape the future of this market include the digitalization of manufacturing processes, investments into sustainable practices, strategic partnerships in research activities, advances in processing technology, and the notion of biorefineries.
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What Are the High-Growth Segments in the Corn Wet-Milling Market?
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 Equipment
3) By End-product: Starch, Sweetener, Ethanol, Corn Gluten Meal And Gluten Feed, Other End-Products
Subsegments:
1) By Dent Corn: Field Corn, Yellow Dent Corn, White Dent Corn
2) By Waxy Corn: High-Amylose Waxy Corn, Low-Amylose Waxy Corn
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What Key Drivers Are Expected to Influence Future Corn Wet-Milling Market Growth?
The upsurge in the need for corn-derived products is propelling the expansion of the corn wet-milling market. Items such as corn flakes and flours are included in corn-derived products, and their heightened demand contributes to the demand for corn-wet milling too, as this process enhances the purity of the resulting product. For instance, as documented by the International Grains Council (IGC), an intergovernmental entity based out of London, the worldwide consumption of corn in February 2024 was estimated at 1,177 million tonnes for the year 2022/23 while the production was pegged at 1,156 million tonnes during the same year. Given these factors, the ascending demand for corn-derived products is projected to steer the corn wet-milling market towards growth.
Which Companies Hold the Largest Share Across Different Corn Wet-Milling Market Segments?
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
What Trends Are Driving Growth in The Corn Wet-Milling Market?
In an effort to consolidate their presence in the corn wet-milling market, prominent firms are setting up new mills. For example, Cargill, Incorporated, a renowned food corporation from the USA, inaugurated its latest corn wet mill in Pandaan, Pasuruan, Surabaya, in September 2022, representing an investment of USD 100 million or IDR 1.3 trillion. The cutting-edge facility is strategically located to handle the rising demand for starches, sweeteners, and feeds in Asia and Indonesia. The novel corn wet mill features advanced technologies, including practices from industry 4.0, to maximize automation, and secure efficiency from milling to packaging via robotics systems. The facility also gives high priority to environmental sustainability by implementing strict waste management, water conservation practices, and adherence to biodiversity conservation through a tree-planting scheme.
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What Are the Emerging Geographies for The Corn Wet-Milling Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Corn Wet-Milling Market?
2. What is the CAGR expected in the Corn Wet-Milling Market?
3. What Are the Key Innovations Transforming the Corn Wet-Milling Industry?
4. Which Region Is Leading the Corn Wet-Milling Market?
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