Corn Wet-Milling Market worth 77.50 Bn USD by 2021

Thursday 15 September 2016, Amsterdam

The report, now available on ASDReports, "Corn Wet-Milling Market by End Product (Starches, Sweeteners, Ethanol, and Gluten Feed & Gluten Meal), Application (Feed, Food, and Industrial), Source (Dent and Waxy), and Equipment (Milling, Steeping, and Centrifuge System) - Global Forecast to 2021", The market for corn wet-milling products is projected to reach USD 77.50 Billion by 2021, at a CAGR of 5.0%

The growing demand for high fructose corn syrup in processed food & beverage products, increasing consumption of corn gluten meal-based animal feed products in the meat industry, multi-functionality of corn starch in non-food applications, and increasing demand for bio-ethanol products are the factors driving the demand of corn wet-milling products.

Feed application is growing at the highest CAGR in the corn wet-milling market

On the basis of application, the corn wet-milling market is segmented into food, feed, and industrial. Feed application dominated the corn wet-milling market and is projected to grow at the highest CAGR from 2016 to 2021, due to increasing consumption of corn gluten meal-based animal feed products in the meat industry. Growing demand for abundant, safe, and affordable animal proteins is driving the market for corn wet-milling in the animal feed industry.

Sweeteners: The most widely used end product of corn wet-milling

The sweetener segment accounted for the largest share in the corn wet-milling market in terms of value and is projected to grow at the highest CAGR from 2016 to 2021. The products of corn sweeteners include corn syrups, crystalline fructose, high fructose corn syrups, and dextrose. A large-scale production of corn sweeteners and their application in the food industry is expected to drive their demand.

North America is projected to be the fastest-growing region in the corn wet-milling market

North America is the largest market for corn wet-milling products. In this region, corn wet-milling products are used in various industries such as food, animal feed, textiles, paper, pharmaceuticals, personal & healthcare, and others.

This report studies marketing and development strategies, along with the product portfolio of leading companies such as Tate & Lyle PLC (U.K.), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), and Agrana Beteiligungs-AG (Austria). Other players include The Roquette Freres (France), Bunge Limited (U.S.), China Agri-Industries Holding Limited (China), Global Bio-Chem Technology Group Company Limited (Hong Kong), and Grain Processing Corporation (U.S.).