The Asia-Pacific market is projected to be the fastest-growing from 2017 to 2022. Companies in this region are focusing on producing quality products by using improved and environmentally friendly raw materials, combined with innovative technical abilities to satisfy the requirements and demands of customers. Several new ventures, acquisitions, and collaborations are taking place between the global key players, which are expected to change the dynamics of the Asia-Pacific corn market. Also, due to low labor cost and execution of new processing methods, most of the production of corn products is carried out in the Asia-Pacific region.
The
key players in the dry milling market for corn are as follows:
- Cargill (U.S.)
- Archer Daniels Midland Company (U.S.)
- Bunge Limited (U.S.)
- SunOpta, Inc. (Canada)
- Didion Milling Inc. (U.S.)
- SEMO Milling, Inc. (U.S.)
- Lifeline Foods, LLC (U.S.)
- Pacific Ethanol Inc. (U.S.)
- Green Plains Inc. (U.S.)
- Flint Hills Resources, LP (U.S.)
- C. H. Guenther & Son, Incorporated (U.S.)
- Valero Energy Corporation (U.S.)
The dry milling market for corn is segmented on the
basis of end product, application, source, and region. The end products of dry milling
of corn include ethanol, DDGS, corn grits, cornmeal, corn flour, and other
co-products. The applications of these dry-milled products are fuel, feed, and
food. On the basis of source, the market is segmented into yellow and white
corn varieties. The market, by region, is segmented into North America, Europe,
Asia-Pacific, and RoW.
Corn is a versatile commodity offering food security
in most developing nations. The products extracted from it by the dry-milling
process are used in a wide variety of applications. Dry milling processes corn
into flakes for cereal, corn flour, corn grits, cornmeal, and brewers’ grits
for beer production and fuel ethanol.
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On the basis of application, the food segment is projected
to grow at the highest CAGR during the forecast period. Corn dry-milled
products are used to manufacture breakfast cereals and are also used as an
important ingredient in the production of snack foods, bread, and other bakery
products. Large size corn grits, obtained as the top fraction of
dry-milling process, are a premium product in developed countries and
fast-growing urban regions of developing countries where corn flakes are
popular as a breakfast cereal. Smaller grits, often called brewers’ grits, are
used as adjuncts to barley malt in beer manufacturing. Increasing disposable
incomes of the middle-class population around many parts of the world drive the
demand for these food & beverage products.
On the basis of source, the market for white corn is
projected to grow at a higher CAGR from 2017 to 2022. White corn finds application
in the manufacture of food products, where they are used to enhance their
organoleptic properties. The increasing demand for corn flakes and cornmeal is
estimated drive the market for white corn in the future.
Key Reasons to buy the Report:
- To get an overview of the global dry milling market for corn.
- From an insight perspective, this research report has focused detailed analyses—industry, market share of top players, and company profiles.
- This report also explains high-growth segments of the global dry milling market for corn, its high-growth regions and drivers, restraints, opportunities, and challenges.
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