Asia-Pacific is projected to be the Fastest-Growing Dry Milling Market for Corn from 2017 to 2022

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.

(EMAILWIRE.COM, March 26, 2019 ) The report "Dry Milling Market for Corn by End Product (Ethanol, DDGS, Corn Grits, Cornmeal, and Corn Flour), Application (Fuel, Food, and Feed), Source (Yellow Corn and White Corn), and Region - Global Forecast to 2022", The global dry milling market for corn is estimated to be valued at USD 67.73 Billion in 2017. This market is projected to reach USD 88.61 Billion by 2022, growing at a CAGR of 5.5%. The market is driven by the demand for a variety of corn dry-milled products from the food industry and also owing to factors such as the use of corn as one of the main ingredients in feed, and the increasing demand for corn ethanol as biofuel.

Browse 61 market data tables and 56 figures spread through 135 pages and in-depth TOC on "Dry Milling Market for Corn - Global Forecast to 2022"

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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.

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.

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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.

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 market are Cargill (U.S.), Archer Daniels Midland Company (U.S.), Bunge Limited (U.S.), SunOpta, Inc. (Canada), Grain Millers Inc. (U.S.), Didion Milling, Inc. (U.S.), Valero Energy Corporation (U.S.), and LifeLine Foods, LLC (U.S.).

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