Corn
wet-milling is a process of refining corns to manufacture end
products used by millions of people worldwide. The shelled corns are
processed by two types dry mills or wet mills. Under corn wet-milling
process corns are separated into four components namely starch,
fiber, germ, and gluten. The production process of corn wet-milling
includes cleaning, steeping, milling & germ separation, fine
grinding & screening and separating starch & gluten. The
further process includes conversion of starch to syrup and
fermentation by dextrose which added value to products such as
ethanol, amino acids and polylactic acid used in biodegradable
products. Under milling process corns are indelicately milled to
separate germs from other components which contain around 85% of
corn’s oil. According to U.S. Census Bureau, wet corn gluten feed
production has increased over the last few years while other
byproducts have declined. During 2007 to 2009, the average production
of gluten meal in 165 Mn pounds per month. Corn refiners produce
various feed products which include corn gluten meal, corn germ meal,
and wet corn gluten feed. Primary products of corn wet-milling
process are corn starch and edible oil.
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Corn
Wet-milling Market: Drivers and Restraints
Rising
in the demand for multi-functionality of corn, consumption of dent
corn for high fructose corn syrup used in foods & beverages,
consumption of gluten meal based on animal feed in meal industry, are
the factors expected to drive the growth of global corn wet-milling
market. Moreover, increasing demand for corn ethanol products, wet
milling products are rich in digestible fiber, amino acids and
contain high level of energy, protein, cysteine & methionine are
some other factors expected to fuel the growth of global corn
wet-milling market. However, stringent government regulatory controls
over health & safety and increasing quality standards are the
factors that may hamper the growth of corn wet-milling market.
Corn
Wet-milling Market: Segmentation
The
corn wet-milling market has been classified on the basis of corn
type, equipment, application, and end products.
Based
on corn type, the corn wet-milling market is segmented into the
following:
- Dent
- Waxy
Based
on equipment, the corn wet-milling market is segmented into the
following:
- Milling
- Centrifuge System
- Steeping
Based
on application, the corn wet-milling market is segmented into the
following:
- Food
- Steepwater
- Feed Area
- Mill
- Refinery
- Ethanol Production
- Starch Modification
- Others
Based
on end products, the corn wet-milling market is segmented into the
following:
- Ethanol
- Corn Oil
- Starches
- Gluten Meal & Feed
- Sweeteners
Corn
Wet-milling Market: Overview
Based
on corn types, dent account for largest share in the corn
wet-milling market over the forecast period owing to high usage
of dent for the production of corn syrup, animal feed, starch and
ethanol. Based on end products segment, corn gluten feed is a cost
effective product which is an alternative to traditional feed and
helps in reducing sub-acute acidosis and improve feed efficiency.
Moreover, sweeteners are the more significant refined corn product
account for around 55% to the US nutrient sweetener market followed
by ethanol which is increasing as a burning preference for motor
fuels. According to US Census Bureau, between 2007 and 2009, wet
milling systems in the US is grew by 1.2 Mn bushels per month.
Corn
Wet-milling Market: Region-wise Outlook
Depending
on geographic region, corn wet-milling market is segmented into seven
key regions: North America, Latin America, Eastern Europe, Western
Europe, Asia Pacific, Japan, and Middle East & Africa. Asia
Pacific dominates the corn wet-milling market followed by Europe,
Japan and North America owing to expansion of corn wet milling
industries and high consumption of corn wet-milling products by many
industries such as textiles, food, pharmaceuticals, animal feed,
personal care and others in these regions. Asia Pacific, Middle East
and Africa hold huge potential and shows substantial growth rising
demand for processed food, increasing customer base, high production
and consumption of corn related products.
Corn
Wet-milling Market: Key Players
Key players of corn wet-milling market are Agrana Beteiligungs-AG, Archer Daniels Midland Company, Ingredion Incorporated, Cargill, Incorporated, Bunge Limited, Grain Processing Corporation, Agri-Industries Holding Limited, Global Bio-Chem Technology Group Company and Roquette Corporate.
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