The corn wet-milling market size has grown strongly in recent years. It will grow from $80.53 billion in 2024 to $84.76 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to diverse applications in food industry, growing global population, high fructose corn syrup (HFCS) demand, biofuel production, feed industry consumption, increased industrial applications.
The corn wet-milling market size is expected to see strong growth in the next few years. It will grow to $106.72 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to rise in clean label and natural ingredients, innovation in value-added products, demand for gluten-free products, focus on animal nutrition, shift in global dietary patterns, emergence of novel corn varieties. Major trends in the forecast period include digitalization in manufacturing, investment in sustainable practices, strategic collaborations in research, technological advancements in processing, biorefinery concepts.
The growing demand for corn-based products is driving the expansion of the corn wet-milling market in the future. Corn-based products include items made from corn, such as corn flakes and flours. As the demand for these products rises, the need for corn wet-milling increases, as this process enhances product purity. For example, in February 2024, the International Grains Council (IGC), a London-based intergovernmental organization, reported that global corn consumption reached 1.17 billion tonnes in 2022/23, while corn production was 1.15 billion tonnes in the same period. Thus, the increasing demand for corn-based products is expected to propel the growth of the corn wet-milling market.
The expansion of the food and beverage industry is a key driver for the corn wet-milling market. The industry's growth has led to an escalated demand for corn-derived ingredients, such as starch, sweeteners, and syrups, obtained through wet-milling. These corn-based components play a crucial role in enhancing the texture, mouthfeel, and overall quality of a variety of food and beverage products. The versatility of corn-based ingredients makes wet-milling an attractive choice for manufacturers seeking diverse applications. Notably, statistics from the Australian Bureau of Statistics highlight a 4% and 12% increase in per capita daily consumption of non-alcoholic beverages like soft drinks and packaged water in 2021 compared to the previous year. This trend underscores the growing expansion of the food and beverage sector, further fueling the corn wet-milling market.
Major companies in the corn wet-milling market are establishing new mills to enhance their market presence. For example, in September 2022, Cargill, Incorporated, a US-based food corporation, inaugurated a new corn wet mill in Pandaan, Pasuruan, Surabaya, representing a USD 100 million (IDR 1.3 trillion) investment. This state-of-the-art facility is strategically located to cater to the rising demand for starches, sweeteners, and animal feeds in Asia and Indonesia. Equipped with advanced technologies, including industry 4 practices, the new corn wet mill aims to optimize automation, ensuring efficiency from milling to packaging through robotic systems. Additionally, it emphasizes environmental sustainability through stringent waste management, water conservation practices, and a commitment to biodiversity conservation via a tree-planting initiative.
Major players in the corn wet-milling market are concentrating on innovative features for the precise measurement of feeds, feed ingredients, soluble corn fiber, and more. For instance, in September 2022, Si-Ware Systems, a US-based semiconductor company, launched a portable FT-NIR analyzer that enables on-site evaluation of various products, including corn gluten meal. The FT-NIR spectral scanning technique allows for real-time measurement of nutrient content and protein levels in raw materials, facilitating informed decisions to optimize feed output and reduce overall input costs. Si-Ware Systems aims to leverage these advancements to improve efficiency and achieve long-term cost savings.
In February 2022, Cargill, Incorporated, a US-based food corporation, formed a 50/50 joint venture with Golden Growers, a US-based wet corn milling company, to enhance ProGold LLC. Through this partnership, Cargill Incorporated intends to improve its operational capabilities in the corn processing sector while ensuring the corn plant's operations remain efficient and productive. ProGold LLC is a US-based corn wet-milling facility.
Major companies operating in the corn wet-milling market are Agrana Beteiligungs-AG, Tate & Lyle PLC, Archer Daniels Midland Company, Cargill Incorporated, Ingredion Incorporated, Roquette Freres SA, Grain Processing Corporation, Bunge Limited, Andritz Group, China Agri-Industries Holding Limited, VetterTec GmbH, PerkinElmer Inc., AGC Heat Transfer Inc., Koninklijke DSM NV, The Andersons Inc., Green Plains Inc., Global Bio-Chem Technology Group Company Limited, Grain Millers Inc., Didion Milling Inc., Pacific Ethanol Inc., Valero Energy Corporation, Flint Hills Resources LP, GreenField Specialty Alcohols Inc., The Mennel Milling Company, The Scoular Company, Lamsan Co. Ltd., National Starch LLC, Penford Corporation, Cereal Ingredients Inc., LifeLine Foods LLC.
North America was the largest region in the corn wet-milling market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the corn wet-milling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the corn wet-milling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Corn wet-milling is a process that involves the physical separation of corn into proteins, starches, oil, and fiber through the use of water and specialized machinery. In this method, corn kernels are immersed in steep tanks containing a diluted aqueous sulfur dioxide solution. The kernels undergo softening and treatment to eliminate the germ, which is then further processed to extract the valuable maize oil.
The primary sources of corn wet-milling are dent corn and waxy corn. Dent corn refers to a type of corn with kernels that mature and exhibit a dent at the top. Dent corn serves as the foundational ingredient for various products such as cornmeal flour, tortillas, corn chips, and taco shells. The equipment utilized in corn wet milling includes milling equipment, steeping equipment, centrifuge systems, washing and filtration systems, among others. The resulting end-products encompass starch, sweetener, ethanol, corn gluten meal and gluten feed, and more.
The corn wet-milling market research report is one of a series of new reports that provides corn wet-milling market statistics, including corn wet-milling industry global market size, regional shares, competitors with a corn wet-milling market share, detailed corn wet-milling market segments, market trends and opportunities, and any further data you may need to thrive in the corn wet-milling industry. This corn wet-milling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The corn wet-milling market consists of sales of heating and cooling systems, dryers, and utility equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The corn wet-milling market size is expected to see strong growth in the next few years. It will grow to $106.72 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to rise in clean label and natural ingredients, innovation in value-added products, demand for gluten-free products, focus on animal nutrition, shift in global dietary patterns, emergence of novel corn varieties. Major trends in the forecast period include digitalization in manufacturing, investment in sustainable practices, strategic collaborations in research, technological advancements in processing, biorefinery concepts.
The growing demand for corn-based products is driving the expansion of the corn wet-milling market in the future. Corn-based products include items made from corn, such as corn flakes and flours. As the demand for these products rises, the need for corn wet-milling increases, as this process enhances product purity. For example, in February 2024, the International Grains Council (IGC), a London-based intergovernmental organization, reported that global corn consumption reached 1.17 billion tonnes in 2022/23, while corn production was 1.15 billion tonnes in the same period. Thus, the increasing demand for corn-based products is expected to propel the growth of the corn wet-milling market.
The expansion of the food and beverage industry is a key driver for the corn wet-milling market. The industry's growth has led to an escalated demand for corn-derived ingredients, such as starch, sweeteners, and syrups, obtained through wet-milling. These corn-based components play a crucial role in enhancing the texture, mouthfeel, and overall quality of a variety of food and beverage products. The versatility of corn-based ingredients makes wet-milling an attractive choice for manufacturers seeking diverse applications. Notably, statistics from the Australian Bureau of Statistics highlight a 4% and 12% increase in per capita daily consumption of non-alcoholic beverages like soft drinks and packaged water in 2021 compared to the previous year. This trend underscores the growing expansion of the food and beverage sector, further fueling the corn wet-milling market.
Major companies in the corn wet-milling market are establishing new mills to enhance their market presence. For example, in September 2022, Cargill, Incorporated, a US-based food corporation, inaugurated a new corn wet mill in Pandaan, Pasuruan, Surabaya, representing a USD 100 million (IDR 1.3 trillion) investment. This state-of-the-art facility is strategically located to cater to the rising demand for starches, sweeteners, and animal feeds in Asia and Indonesia. Equipped with advanced technologies, including industry 4 practices, the new corn wet mill aims to optimize automation, ensuring efficiency from milling to packaging through robotic systems. Additionally, it emphasizes environmental sustainability through stringent waste management, water conservation practices, and a commitment to biodiversity conservation via a tree-planting initiative.
Major players in the corn wet-milling market are concentrating on innovative features for the precise measurement of feeds, feed ingredients, soluble corn fiber, and more. For instance, in September 2022, Si-Ware Systems, a US-based semiconductor company, launched a portable FT-NIR analyzer that enables on-site evaluation of various products, including corn gluten meal. The FT-NIR spectral scanning technique allows for real-time measurement of nutrient content and protein levels in raw materials, facilitating informed decisions to optimize feed output and reduce overall input costs. Si-Ware Systems aims to leverage these advancements to improve efficiency and achieve long-term cost savings.
In February 2022, Cargill, Incorporated, a US-based food corporation, formed a 50/50 joint venture with Golden Growers, a US-based wet corn milling company, to enhance ProGold LLC. Through this partnership, Cargill Incorporated intends to improve its operational capabilities in the corn processing sector while ensuring the corn plant's operations remain efficient and productive. ProGold LLC is a US-based corn wet-milling facility.
Major companies operating in the corn wet-milling market are Agrana Beteiligungs-AG, Tate & Lyle PLC, Archer Daniels Midland Company, Cargill Incorporated, Ingredion Incorporated, Roquette Freres SA, Grain Processing Corporation, Bunge Limited, Andritz Group, China Agri-Industries Holding Limited, VetterTec GmbH, PerkinElmer Inc., AGC Heat Transfer Inc., Koninklijke DSM NV, The Andersons Inc., Green Plains Inc., Global Bio-Chem Technology Group Company Limited, Grain Millers Inc., Didion Milling Inc., Pacific Ethanol Inc., Valero Energy Corporation, Flint Hills Resources LP, GreenField Specialty Alcohols Inc., The Mennel Milling Company, The Scoular Company, Lamsan Co. Ltd., National Starch LLC, Penford Corporation, Cereal Ingredients Inc., LifeLine Foods LLC.
North America was the largest region in the corn wet-milling market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the corn wet-milling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the corn wet-milling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Corn wet-milling is a process that involves the physical separation of corn into proteins, starches, oil, and fiber through the use of water and specialized machinery. In this method, corn kernels are immersed in steep tanks containing a diluted aqueous sulfur dioxide solution. The kernels undergo softening and treatment to eliminate the germ, which is then further processed to extract the valuable maize oil.
The primary sources of corn wet-milling are dent corn and waxy corn. Dent corn refers to a type of corn with kernels that mature and exhibit a dent at the top. Dent corn serves as the foundational ingredient for various products such as cornmeal flour, tortillas, corn chips, and taco shells. The equipment utilized in corn wet milling includes milling equipment, steeping equipment, centrifuge systems, washing and filtration systems, among others. The resulting end-products encompass starch, sweetener, ethanol, corn gluten meal and gluten feed, and more.
The corn wet-milling market research report is one of a series of new reports that provides corn wet-milling market statistics, including corn wet-milling industry global market size, regional shares, competitors with a corn wet-milling market share, detailed corn wet-milling market segments, market trends and opportunities, and any further data you may need to thrive in the corn wet-milling industry. This corn wet-milling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The corn wet-milling market consists of sales of heating and cooling systems, dryers, and utility equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Corn Wet-Milling Market Characteristics3. Corn Wet-Milling Market Trends and Strategies4. Corn Wet-Milling Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Corn Wet-Milling Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Corn Wet-Milling Market34. Recent Developments in the Corn Wet-Milling Market
5. Global Corn Wet-Milling Growth Analysis and Strategic Analysis Framework
6. Corn Wet-Milling Market Segmentation
7. Corn Wet-Milling Market Regional and Country Analysis
8. Asia-Pacific Corn Wet-Milling Market
9. China Corn Wet-Milling Market
10. India Corn Wet-Milling Market
11. Japan Corn Wet-Milling Market
12. Australia Corn Wet-Milling Market
13. Indonesia Corn Wet-Milling Market
14. South Korea Corn Wet-Milling Market
15. Western Europe Corn Wet-Milling Market
16. UK Corn Wet-Milling Market
17. Germany Corn Wet-Milling Market
18. France Corn Wet-Milling Market
19. Italy Corn Wet-Milling Market
20. Spain Corn Wet-Milling Market
21. Eastern Europe Corn Wet-Milling Market
22. Russia Corn Wet-Milling Market
23. North America Corn Wet-Milling Market
24. USA Corn Wet-Milling Market
25. Canada Corn Wet-Milling Market
26. South America Corn Wet-Milling Market
27. Brazil Corn Wet-Milling Market
28. Middle East Corn Wet-Milling Market
29. Africa Corn Wet-Milling Market
30. Corn Wet-Milling Market Competitive Landscape and Company Profiles
31. Corn Wet-Milling Market Other Major and Innovative Companies
35. Corn Wet-Milling Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Corn Wet-Milling Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on corn wet-milling market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for corn wet-milling? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The corn wet-milling market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Source: Dent Corn; Waxy Corn2) by Equipment: Milling Equipment; Steeping Equipment; Centrifuge Systems; Washing and Filtration Systems; Other Equipment
3) by End-product: Starch; Sweetener; Ethanol; Corn Gluten Meal and Gluten Feed; Other End-Products
Subsegments:
1) by Dent Corn: Field Corn; Yellow Dent Corn; White Dent Corn2) by Waxy Corn: High-Amylose Waxy Corn; Low-Amylose Waxy Corn
Key Companies Mentioned: Agrana Beteiligungs-AG; Tate & Lyle PLC; Archer Daniels Midland Company; Cargill Incorporated; Ingredion Incorporated
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Corn Wet-Milling market report include:- Agrana Beteiligungs-AG
- Tate & Lyle PLC
- Archer Daniels Midland Company
- Cargill Incorporated
- Ingredion Incorporated
- Roquette Freres SA
- Grain Processing Corporation
- Bunge Limited
- Andritz Group
- China Agri-Industries Holding Limited
- VetterTec GmbH
- PerkinElmer Inc.
- AGC Heat Transfer Inc.
- Koninklijke DSM NV
- The Andersons Inc.
- Green Plains Inc.
- Global Bio-Chem Technology Group Company Limited
- Grain Millers Inc.
- Didion Milling Inc.
- Pacific Ethanol Inc.
- Valero Energy Corporation
- Flint Hills Resources LP
- GreenField Specialty Alcohols Inc.
- The Mennel Milling Company
- The Scoular Company
- Lamsan Co. Ltd.
- National Starch LLC
- Penford Corporation
- Cereal Ingredients Inc.
- LifeLine Foods LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 84.76 Billion |
| Forecasted Market Value ( USD | $ 106.72 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
