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  • Dry Milling Market is projected to be valued at USD 88.61 Billion by 2022




    (Transportation-News.com, May 17, 2018 ) Corn is traditionally a staple food source in many parts of the world. Currently, its range of applications has also extended to feed and biofuel. Corn products extracted by the dry-milling process are used in a wide range of applications. The dry-milling process can be used as a dry grind process for either ethanol extraction from starch or fractioning of grits, meal, flour, and other co-products. The dry milling market for corn is significantly impacted by the increasing usage of ethanol as biofuel. This market is projected to be valued at USD 88.61 Billion by 2022, growing at a CAGR of 5.5% from 2017. The total volume of the dry milling market for corn is projected to reach 215.8 Million MT by 2022.

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    The global market is segmented on the basis of end product, application, source, and region. On the basis of end product, the corn flour segment is projected to grow at the highest CAGR from 2017 to 2022, owing to its large-sale usage in processed snacks and bakery products.

    On the basis of application, the fuel application segment accounted for the largest market in 2016. High demand for biofuel and animal feed products in developed markets such as Europe and North America influences the consumption of corn co-products such as ethanol and distillers grains.

    The global market, on the basis of source, is segmented into yellow and white corn. The market for white corn is projected to grow at a higher CAGR during the forecast period. Yellow corn varieties are widely dry-milled to produce ethanol and animal feed, mostly for their high starch content.

    The demand for corn dry-milled products is increasing, especially in the Asia-Pacific region due to the increasing consumer awareness for renewable biofuel, growing environmental concerns, along with the need to provide protein feed to livestock, and increasing demand for dry-milled corn products for food. These are a few drivers for the dry milling market for corn in the Asia-Pacific region.

    The major restraints in the dry milling market for corn is the high maintenance to retain corn quality during the harvesting and dry milling processes. Corn grain quality is determined by the growing conditions, harvest practices, and drying operations. Hybrid selection and timely harvest of corn are important factors to produce high-quality grain. In many developing countries, these requirements are not met due to poor infrastructural conditions and less economic support, leading to a decreased output.

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    The key players in the market are Cargill (U.S.), Archer Daniels Midland Company (U.S.), Bunge Limited (U.S.), SunOpta, Inc. (Canada), Grain Millers Inc. (U.S.), Semo Milling, LLC (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.), and Valero Energy Corporation (U.S.).

    Archer Daniels Midland Company, a leader in the dry milling market for corn, aims to increase its business in most countries to develop a significant global network by adopting acquisitions and expansions as its strategies. The company also aims to expand its sourcing, storing, transporting, transforming, processing, marketing, and distributing facilities to serve its consumers better. It also intends to increase its productivity and the diversity of its product portfolio by launching new products, which would be produced from the corn dry-milling process. For this, the company works closely with its customers and also focuses on extensive research to create innovative approaches and better solutions that accelerate growth and increase business efficiency. The company wants to diversify its corn product portfolio; this will enhance its profitability by expanding corn-based food, feed, and ethanol businesses.

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