The global corn processing industry attained an estimate value of about USD 75.0 billion in 2021. The industry is expected to further expand at a CAGR of around 4.1% in the near time-frame of 2022-2027 to obtain a value of about USD 96.3 billion by 2027.
The global corn processing industry report comprehensively analyses key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing demand for roasted corn among baking manufacturers is expanding especially their roasted corn pastry goods due to its great texture and flavour. Owing to the fact that they are highly nutritious, these snacks are more popular among health-conscious consumers. As a result of the aforementiond factors the industry is likely to propel. The main demand indicator in the industry report is the highest category spender by on the basis of region which is likely to be North America, Europe, and Asia pacific.
Corn processing is a method that extracts the constituents of corn kernels to create a highly pure product. Most of the goods produced by this technique are valuable and are primarily used in the food business. Every portion of the corn is used in this procedure to create high-quality ingredients. The corn processing industry report comprises segment by type of the industry (corn dry milling and corn wet milling). Physical separation of components, primarily by weight and size, is the basis for the dry process of milling. Water is required in the wet process, and it also serves as a separation/carrier agent in the washing process. As a result, this procedure is deemed to have a high capital cost. Aqueous sulphur dioxide solution, which is utilised in the steeping process, is the only chemical used in this process.
The expanding use of the crop in end-use industries is driving the fast-rising demand for the product in the United States and China. Because corn starch is utilised in sorbitol and sweeteners, the United States has a large confectionary market that moves the corn industry forward. The corn market also benefits from the increased demand for sorbitol, an end-use category. Import-dependent countries include Mexico, Japan, South Korea, the European Union, and Egypt. Corn demand in the United States is rising as the feed, and industrial sectors grow. Corn demand is fueled by the growth of corn starch processing enterprises in China, the world's largest corn grower. The rising demand for corn ethanol and corn that is used as one of the important ingredients of feed are projected to be a major factor in the growth of the corn processing market in the forthcoming years.
The Asia Pacific countries can witness a substantial growth due to the rise in the demand for dry corn commodities for food between 2020-2025. There is an increase in the demand for corn-based starch, sweetener, and ethanol for numerous applications in food, feed, and industrial segments which in turn is driving the growth of corn wet milling market. The factors like surge in the demand for versatility of corn, utilisation of dent corn for production of fructose corn syrup in food and beverages sector, and consumption of gluten meal as animal feed in meat industry are also helping in the growth of the international corn wet milling market. Additionally, corn wet milling products such as corn ethanol commodities are high on digestible fiber, amino acids and consist of superior level of energy, protein, cysteine, and methionine are other reasons that are likely to help in the growth of the corn wet milling market.
Some of the corn production concerns are related to irrigation and requirement of high amount of fertilisers as compared to other crops, however, at present there are new technologies, soil testing methods, and even distant sensing that supports farmers to be much more accurate about the quantity, the areas and when should they apply fertiliser.
There are two techniques used in manufacturing various corn products for human consumption: dry milling and wet milling. Corn is ashed, and hammer milled to medium ground cornmeal in the dry process. The corn is combined with water to form a regulated PH and temperature slurry. To convert corn starch to dextrin, enzymes are introduced to start the hydrolysis process. Liquefaction is the term for this process. After the corn mush has been liquefied, it is heated to kill microorganisms. Fermentation comes next, followed by drying and final milling. In the wet milling process, corn is washed and then fed into tanks for the steeping process, where it is immersed for up to two days in a temperature-controlled dilute solution. The results are the softening of the corn kernels and the absorption of the soluble elements. After removing the germ, the liquid is wet milled. Nixtamalization is a form of Wet Milling in which the corn is roasted in water and Calcium Oxide. This alkali technique increases starch gelatinization and taste. The combination is then dried and ground into Harina Massa flour. Corn flour tortillas are made primarily of Harina Massa.
End products derived from corn wet milling process are utilised by millions of consumers globally. In this process the corns are separated into four components: starch, fiber, germ, and gluten. Starch is further treated to convert it into syrup and fermentation by dextrose which adds value to products such as ethanol, amino acids and polylactic acid that are utilised in biodegradable products. Ethanol is extracted from starch or partial gravel, meal, flour, and other common products by corn dry milling process. This process splits corn grains in four different material parts that are, germ, flour, fine gravel, and rough gravel. Corn wet milling products such as corn ethanol commodities are high on digestible fiber, amino acids and consist of superior level of energy, protein, cysteine, and methionine are other reasons that are likely to help in the growth of the corn wet milling market. Furthermore, various products attained from the corn wet milling are utilised in industries such as textile, paper, personal care, and pharmaceuticals. The world-wide corn dry milling market based on the application has food, fuel and feed and based on products it is additionally segmented into corn flour, corn grits, cornmeal, DDGS, ethanol, and other related products.
The major regions in the industry are Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW).
The rising demand for corn's multi-functionality, consumption of dent corn for high fructose corn syrup used in foods and drinks, and consumption of gluten meal based on animal feed in the meal sector are likely to propel the worldwide corn wet-milling market forward. Furthermore, rising demand for corn ethanol products and wet milling products high in digestible fibre, amino acids, energy, protein, cysteine, and methionine are likely to propel the worldwide corn wet-milling market forward. The Dry Milling Market is expected to reach USD 105.57 billion by 2025. The dry milling process can be employed as a dry grinding method to extract ethanol from starch or fractional gravel, meal, flour, and other everyday products. Grain is separated into four main material components during the milling process: germ, flour, fine stone, and coarse gravel. The separated components are then converted to food products consumed by humans and animals. Dry milling goods have a wide range of applications, driving up market demand.
1. Executive Summary
2. Corn Processing Market Snapshot
2.1. Corn Processing Market Outlook
2.2. Corn Processing Category Analysis, by Application
2.2.1. Feed & Residual
2.2.2. Food, Seed and Industrial
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
3. Impact of Recent Events
4. Corn Processing Value Chain Analysis
5. Corn Processing Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Corn Processing Cost Structure
9. Corn Processing Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Corn Processing Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Archer Daniels Midland Company
14.2. Cargill Inc.
14.3. Tate & Lyle Plc
14.4. Roquette Frères
14.5. Ingredion Inc.
The global corn processing market size was valued at USD 75.0 billion in 2021.
As per the services provided, the corn processing segment is anticipated to lead the market between the period 2021 – 2028.
The major demand for Food, feed, and industry are important drivers of the corn processing market growth.
ADM, Cargill Inc, Bunge Limited, Tate & Lyle PLC, Ingredion Incorporated, China Agri-Industries Holdings Limited, Grain Processing Corporation, The Roquette Frères, and National Corn Growers Association.
The Food Sector of the corn processing industry holds the major share in the market.
The global corn processing market is expected to grow at an annualized rate pace of 4.1% to USD 96.3 billion by 2027. Because fructose is widely used in various applications like Animal feed manufactures, Food & beverage manufacturers & processors, Research & development laboratories, Bio-fuel manufacturers and users, pharmaceutical product manufacturers, Paper & textile manufacturers/suppliers. North America, Europe, and the Asia Pacific have commanded the global market with a gross market share. The popularity of packaged beverages in the region, Starch, Sweetener, Ethanol, Corn gluten meal & gluten feed, Others (corn oil, proteins, corn germ meal, and steep liquor, has aided the market development The key players in the global fructose market include ADM, Cargill Inc, Bunge Limited, Tate & Lyle PLC, Ingredion Incorporated, China Agri-Industries Holdings Limited, Grain Processing Corporation, The Roquette Frères, and National Corn Growers Association.
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