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Growing demand for maize ethanol as a biofuel is likely to open up new business opportunities. Corn starch's increasing multifunctionality in non-food applications is projected to boost market expansion. Other factors such as the growing popularity of high fructose corn syrup in processed foods and beverages, rising consumption of corn gluten meal-based animal feed products, increasing usage of gluten meal in animal feed, and increasing awareness about the benefits of wet milling products will help to accelerate the corn wet-milling market in the coming years.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
The global market is driven by increased demand for high fructose corn syrup in processed foods and beverages.
Increased demand for HFCS in the carbonated beverage sector as a result of its 55 percent fructose concentration, which makes it sweeter than sucrose and lowers manufacturing costs. Increased demand for HFCS, which is the major product manufactured in the wet-milling process, is projected to drive the corn wet-milling market in the near future. Regardless of the worldwide economic slowdown, the global beverage business is predicted to grow dramatically. This rise in sales of ready-to-drink beverages, such as carbonated and dairy beverages, tea, fruit drinks, and alcoholic beverages including beer, ciders, and malted beverages, is a major contributor to the growth.
Increased uses of gluten in animal feed
The global corn wet-milling market is growing due to rising demand for the benefits of corn wet-milling. Corn's multifunctionality is increasing, which is driving global market growth. Gluten meal is widely utilized in animal feed and is projected to have an impact on the growth of the worldwide maize wet-milling industry. Protein, digestible fiber, methionine, cysteine, and a high level of energy are all found in wet-milling products. In contrast, strong government regulations enacted to raise quality standards and improve health and safety constrain the global market.
Key Benefits of the Report
Questions answered in the Report
Corn Wet-Milling Market Report Highlights
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Key Market Players | Agrana Beteiligungs-AG, Global Bio-Chem Technology Group Company Limited, Ingredion Incorporated, Archer Daniels Midland Company, The Roquette Freres, China Agri-Industries Holding Limited, Grain Processing Corporation, Cargill, Tate & Lyle PLC, Incorporated, Bunge Limited |
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