Milled-Corn Products Market Outlook
Globally, the major commodities from which starch is derived are maize, cassava, potato, and wheat. The quantity of starch consumed in food and non-food products in a country is closely associated with the level of economic development and income of that country. With the rise in per capita income, consumer demand for a food and manufactured products that use starch in their making. Thus, there is a close and positive relationship between income and quantity of starch demanded. Starch which is being considered as the one of the most present biomaterials has witnessed significant development over the past few years.
Milled-Corn Products Market: Reasons for Covering this Title
Corn is one type of grain that has witnessed highest production and consumption rate worldwide. Corn in its raw and processed formats are being used in large scale in food, feed, ethanol production and industrial uses as well. The most common factor driving the demand for milled-corn products is for the ethanol production. However, the rising demand for bakery products especially from the European and the North American region is one of the emerging reasons which is triggering the demand for milled-corn products. The dry milled-corn product has experienced an extensive usage in the production of ethnic foods, bread, batter mixes, pancake mixes etc.
Global Milled-Corn Products: Market Segmentation
On the basis of nature, the global Milled-Corn products market has been segmented as –
On the basis of source, the global Milled-Corn products market has been segmented as –
- White Corn
- Yellow Corn
- Blue Corn
On the basis of product type, the global Milled-Corn products market has been segmented as –
- Corn Grits
- Corn flours
- Corn Polenta
- Corn Snack Meal
- Corn Cones
On the basis of application, the global Milled-Corn products market has been segmented as –
- Flaking Application
- Dry Mixes
- Snack Chips
Global Milled-Corn Products Market: Key Players
Some of the key players operating in the global Milled-Corn products market are Agricor, Archer Daniels Midland Company, SunOpta, Inc., Bunge Limited, Didion Milling, Inc, South Texas Milling Inc., Montana Milling Inc., The Congaree Milling Company, SEMO Milling, LLC, Cargill Inc., Codrico, Shawnee Milling Company, Wilkins Rogers,Inc., Dover Corn Products Ltd., Kenyon Corn Meal Company, among others.
Volume Share of Top 5 Countries Producing Corn – 2016
World Total Corn Production: 1.04 MT
Unites States has the highest rate of production and consumption of corn, however countries like Japan, Mexico and European Union witnessed highest imports of corn which paves an opportunity for milled-corn products market in these regions.
Largest Corn Importing Countries-2016
(Thousands of metric tons)
Milled-Corn Products Market: Key Trends
The regional expansion, upgrading the production facilities and several critical acquisitions are some of the key factors and event which helps in the driving the growth of the Milled-Corn products market in the near future.
Key Product Launches in Milled-Corn Products Market
- In Feb 2018, Chicago-based Company Archer Daniels Midland Co. plans to rebuild its grain processing plant in Iowa. The company intends to invest $7.8 million in other machinery and equipment and $2.8 million in site preparation. The plant produces a range of milled-corn products.
- In Jan 2018, Cargill and the Arabian Agricultural Service Company (ARASCO), inaugurated a new state-of-art facility in Saudi Arabia. The new facility will help in doubling the glucose and starch production capabilities and serve the confectionery, juice, bakery and catering segments in Saudi Arabia, the UAE, Kuwait, Oman, Bahrain, and Qatar.
Opportunities for Milled-Corn Products Market Participants
Over the past couple of years, there has been surge in consumption rate of bakery products in the global market owing to rise in popularity of organic and healthy baked goods along with rising consumption of bread. Europe dominates the global market followed the Asia-Pacific region. Both these regions have witnessed significant consumption of breads especially mixed breads etc. Milled-corn products is being used as the prime ingredient in the production of these kind of breads. On the other hand, cereal products have higher rate of consumption especially in North American region which again milled-corn product. As a result, these factors helps sights an opportunity for milled-corn product market.
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The following regional segments are covered comprehensively:
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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?
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