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Corn wet-milling is a process of refining corns to manufacture end products used by millions of people worldwide. The shelled corns are processed by two types dry mills or wet mills. Under corn wet-milling process corns are separated into four components namely starch, fiber, germ, and gluten. The production process of corn wet-milling includes cleaning, steeping, milling & germ separation, fine grinding & screening and separating starch & gluten. The further process includes conversion of starch to syrup and fermentation by dextrose which added value to products such as ethanol, amino acids and polylactic acid used in biodegradable products. Under milling process corns are indelicately milled to separate germs from other components which contain around 85% of corn’s oil. According to U.S. Census Bureau, wet corn gluten feed production has increased over the last few years while other byproducts have declined. During 2007 to 2009, the average production of gluten meal in 165 Mn pounds per month. Corn refiners produce various feed products which include corn gluten meal, corn germ meal, and wet corn gluten feed. Primary products of corn wet-milling process are corn starch and edible oil.

Corn Wet-milling Market: Drivers and Restraints   

Rising in the demand for multi-functionality of corn, consumption of dent corn for high fructose corn syrup used in foods & beverages, consumption of gluten meal based on animal feed in meal industry, are the factors expected to drive the growth of global corn wet-milling market. Moreover, increasing demand for corn ethanol products, wet milling products are rich in digestible fiber, amino acids and contain high level of energy, protein, cysteine & methionine are some other factors expected to fuel the growth of global corn wet-milling market. However, stringent government regulatory controls over health & safety and increasing quality standards are the factors that may hamper the growth of corn wet-milling market.

Corn Wet-milling Market: Segmentation

The corn wet-milling market has been classified on the basis of corn type, equipment, application, and end products.

Based on corn type, the corn wet-milling market is segmented into the following:

  • Dent
  • Waxy 

Based on equipment, the corn wet-milling market is segmented into the following:

  • Milling
  • Centrifuge System
  • Steeping

Based on application, the corn wet-milling market is segmented into the following:

  • Food
  • Steepwater
  • Feed Area
  • Mill
  • Refinery
  • Ethanol Production
  • Starch Modification
  • Others

Based on end products, the corn wet-milling market is segmented into the following:

  • Ethanol
  • Corn Oil
  • Starches
  • Gluten Meal & Feed
  • Sweeteners

Corn Wet-milling Market: Overview

Based on corn types, dent account for largest share in the corn wet-milling market over the forecast period owing to high usage of dent for the production of corn syrup, animal feed, starch and ethanol. Based on end products segment, corn gluten feed is a cost effective product which is an alternative to traditional feed and helps in reducing sub-acute acidosis and improve feed efficiency. Moreover, sweeteners are the more significant refined corn product account for around 55% to the US nutrient sweetener market followed by ethanol which is increasing as a burning preference for motor fuels. According to US Census Bureau, between 2007 and 2009, wet milling systems in the US is grew by 1.2 Mn bushels per month.

Corn Wet-milling Market: Region-wise Outlook

Depending on geographic region, corn wet-milling market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific dominates the corn wet-milling market followed by Europe, Japan and North America owing to expansion of corn wet milling industries and high consumption of corn wet-milling products by many industries such as textiles, food, pharmaceuticals, animal feed, personal care and others in these regions. Asia Pacific, Middle East and Africa hold huge potential and shows substantial growth rising demand for processed food, increasing customer base, high production and consumption of corn related products. 

Corn Wet-milling Market: Key Players 

Key players of corn wet-milling market are Agrana Beteiligungs-AG, Archer Daniels Midland Company, Ingredion Incorporated, Cargill, Incorporated, Bunge Limited, Grain Processing Corporation, Agri-Industries Holding Limited, Global Bio-Chem Technology Group Company and Roquette Corporate.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Corn Wet Milling Market

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