DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Corn Wet-Milling Market by End Product, Application, Source, and Equipment - Global Forecast to 2021" report to their offering.
The market for corn wet-milling is projected to reach USD 77.50 Billion by 2021, at a CAGR of 5.0% from 2016 to 2021
The corn wet-milling market is driven by increasing 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 which has led to a large-scale adoption of corn wet-milling products for various applications.
High cost of operations is a major restraint in the global corn wet-milling industry. Corn wet milling is a highly energy-intensive processing technology in the food & beverage industry and consumes approximately 15% of the total energy used in the entire food industry.
The corn wet-milling market is fragmented and competitive, with a large number of players operating at regional and local levels. The key players in the market adopted expansions and investments as their preferred growth strategies.
Scope of the Report
On the basis of source
- Dent corn
- Waxy corn
On the basis of application
On the basis of end products
- Gluten feed & gluten meal
- Other co-products (corn oil, corn germ meal, and step liquor)
On the basis of equipment
- Milling equipment
- Steeping equipment
- Centrifuge systems
- Washing & filtration systems
- Other equipment
Key players include
- Agrana Beteiligungs-Ag (Austria)
- Archer Daniels Midland Company (U.S.)
- Bunge Limited (U.S.)
- Cargill, Incorporated (U.S.)
- China Agri-Industries Holdings Limited (China)
- Global Bio-Chem Technology Group Company Limited (Hong Kong)
- Grain Processing Corporation (U.S.)
- Ingredion Incorporated (U.S.)
- Tate & Lyle PLC (U.K.)
- The Roquette Frères (France)
For more information about this report visit http://www.researchandmarkets.com/research/m3q7l2/corn_wetmilling