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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.
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MarketsandMarkets Presents Corn Wet-Milling Market Expected to Reach 77.50 Billion USD by 2021
The report "Corn Wet-Milling Market by End Product (Starches, Sweeteners, Ethanol, and Gluten Feed & Gluten Meal), Application (Feed, Food, and Industrial), Source (Dent and Waxy), and Equipment (Milling, Steeping, and Centrifuge System) - Global Forecast to 2021", The market for corn wet-milling products is projected to reach USD 77.50 Billion by 2021, at a CAGR of 5.0% • Browse • 85 market data Tables • 57 Figures • 159 Pages and in-depth TOC on "Corn Wet-Milling Market ” • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=75183867
The global market 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. This market is segmented on the basis of end product into starches, sweeteners, ethanol, gluten feed & gluten meal, and other co-products which include corn oil, proteins, corn germ meal, and steep liquor. The sweetener segment is projected to grow at the highest rate in terms of value, due to the increasing demand for high fructose corn syrup in processed food & beverage products. Sweeteners are used in various industries such as food & beverages and pharmaceuticals. Corn syrups, crystalline fructose, high fructose corn syrups, and dextrose are major products of sweeteners, which fuel their demand in the corn wet-milling market. Also, the development of these downstream industries is further projected to boost the demand for sweeteners. 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. Key players include Tate & Lyle PLC (U.K.), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), and AgranaBeteiligungs-AG (Austria). Other players including The Roquette Freres (France), Bunge Limited (U.S.), China Agri-Industries Holding Limited (China), Global Bio-Chem Technology Group Company Limited (Hong Kong), and Grain Processing Corporation (U.S.) also have a strong presence in the global corn wet-milling market.
Target Audience: • Corn wet-millers • Starches and sweeteners manufacturers • Biofuel manufacturers • Feed manufacturers • Corn wet-milled product suppliers • Government bodies • Distributors • End users (feed, food & beverages, textiles, paper, pharma & healthcare, and personal care) • Scope of the Report: • The corn wet-milling market is segmented as follows: • On the basis of Source, • Dent corn • Waxy corn • On the basis of Application, • Food • Feed • Industrial
On the basis of end Product, • Starches • Sweeteners • Ethanol • 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 • On the basis of region, • North America • Europe • Asia-Pacific • RoW
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