Global Corn Processing Market: Country Overview; by Type; Recent Events; Value Chain Analysis; Trade Analysis; Cost Structure; Price Analysis; Indicator Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices; Key Supplier Analysis, 2024-2032

Corn Processing Industry Report by Regional Category Spend, Key Demand and Price Indicators, Price Analysis and Best Buying Practices

The global corn processing industry attained an estimate value of about USD 75.0 billion in 2021. The industry is expected to further expand at a CAGR of around 4.1% in the near time-frame of 2022-2027 to obtain a value of about USD 96.3 billion by 2027.

The global corn processing industry report comprehensively analyses key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing demand for roasted corn among baking manufacturers is expanding especially their roasted corn pastry goods due to its great texture and flavour. Owing to the fact that they are highly nutritious, these snacks are more popular among health-conscious consumers.  As a result of the aforementiond factors the industry is likely to propel. The main demand indicator in the industry report is the highest category spender by on the basis of region which is likely to be North America, Europe, and Asia pacific.

Industry Definition and Segmentation

Corn processing is a method that extracts the constituents of corn kernels to create a highly pure product. Most of the goods produced by this technique are valuable and are primarily used in the food business. Every portion of the corn is used in this procedure to create high-quality ingredients. The corn processing industry report comprises segment by type of the industry (corn dry milling and corn wet milling). Physical separation of components, primarily by weight and size, is the basis for the dry process of milling. Water is required in the wet process, and it also serves as a separation/carrier agent in the washing process. As a result, this procedure is deemed to have a high capital cost. Aqueous sulphur dioxide solution, which is utilised in the steeping process, is the only chemical used in this process.

North America and Europe Regions are Driving the Growth of the Industry

The expanding use of the crop in end-use industries is driving the fast-rising demand for the product in the United States and China. Because corn starch is utilised in sorbitol and sweeteners, the United States has a large confectionary market that moves the corn industry forward. The corn market also benefits from the increased demand for sorbitol, an end-use category. Import-dependent countries include Mexico, Japan, South Korea, the European Union, and Egypt. Corn demand in the United States is rising as the feed, and industrial sectors grow. Corn demand is fueled by the growth of corn starch processing enterprises in China, the world's largest corn grower. The rising demand for corn ethanol and corn that is used as one of the important ingredients of feed are projected to be a major factor in the growth of the corn processing market in the forthcoming years.

The Asia Pacific countries can witness a substantial growth due to the rise in the demand for dry corn commodities for food between 2020-2025. There is an increase in the demand for corn-based starch, sweetener, and ethanol for numerous applications in food, feed, and industrial segments which in turn is driving the growth of corn wet milling market. The factors like surge in the demand for versatility of corn, utilisation of dent corn for production of fructose corn syrup in food and beverages sector, and consumption of gluten meal as animal feed in meat industry are also helping in the growth of the international corn wet milling market. Additionally, corn wet milling products such as corn ethanol commodities are high on digestible fiber, amino acids and consist of superior level of energy, protein, cysteine, and methionine are other reasons that are likely to help in the growth of the corn wet milling market.

Some of the corn production concerns are related to irrigation and requirement of high amount of fertilisers as compared to other crops, however, at present there are new technologies, soil testing methods, and even distant sensing that supports farmers to be much more accurate about the quantity, the areas and when should they apply fertiliser.

Category Management Studies

There are two techniques used in manufacturing various corn products for human consumption: dry milling and wet milling. Corn is ashed, and hammer milled to medium ground cornmeal in the dry process. The corn is combined with water to form a regulated PH and temperature slurry. To convert corn starch to dextrin, enzymes are introduced to start the hydrolysis process. Liquefaction is the term for this process. After the corn mush has been liquefied, it is heated to kill microorganisms. Fermentation comes next, followed by drying and final milling. In the wet milling process, corn is washed and then fed into tanks for the steeping process, where it is immersed for up to two days in a temperature-controlled dilute solution. The results are the softening of the corn kernels and the absorption of the soluble elements. After removing the germ, the liquid is wet milled. Nixtamalization is a form of Wet Milling in which the corn is roasted in water and Calcium Oxide. This alkali technique increases starch gelatinization and taste. The combination is then dried and ground into Harina Massa flour. Corn flour tortillas are made primarily of Harina Massa.

End-Use Products Demand for Food, Feed and Industrial Purposes are Further Driving the Procurement of Corn Processing

End products derived from corn wet milling process are utilised by millions of consumers globally. In this process the corns are separated into four components: starch, fiber, germ, and gluten. Starch is further treated to convert it into syrup and fermentation by dextrose which adds value to products such as ethanol, amino acids and polylactic acid that are utilised in biodegradable products. Ethanol is extracted from starch or partial gravel, meal, flour, and other common products by corn dry milling process. This process splits corn grains in four different material parts that are, germ, flour, fine gravel, and rough gravel. Corn wet milling products such as corn ethanol commodities are high on digestible fiber, amino acids and consist of superior level of energy, protein, cysteine, and methionine are other reasons that are likely to help in the growth of the corn wet milling market. Furthermore, various products attained from the corn wet milling are utilised in industries such as textile, paper, personal care, and pharmaceuticals. The world-wide corn dry milling market based on the application has food, fuel and feed and based on products it is additionally segmented into corn flour, corn grits, cornmeal, DDGS, ethanol, and other related products.

The major regions in the industry are Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW).

Key Industry Players Mentioned in the Corn Processing Industry Report

• ADM
• Cargill Inc
• Bunge Limited
• Tate & Lyle PLC
• Ingredion Incorporated
• Agrana Beteiligungs-Ag
• China Agri-Industries Holdings Limited
• Grain Processing Corporation
• The Roquette Frères
• National Corn Growers Association.

Market Landscape

The rising demand for corn's multi-functionality, consumption of dent corn for high fructose corn syrup used in foods and drinks, and consumption of gluten meal based on animal feed in the meal sector are likely to propel the worldwide corn wet-milling market forward. Furthermore, rising demand for corn ethanol products and wet milling products high in digestible fibre, amino acids, energy, protein, cysteine, and methionine are likely to propel the worldwide corn wet-milling market forward. The Dry Milling Market is expected to reach USD 105.57 billion by 2025. The dry milling process can be employed as a dry grinding method to extract ethanol from starch or fractional gravel, meal, flour, and other everyday products. Grain is separated into four main material components during the milling process: germ, flour, fine stone, and coarse gravel. The separated components are then converted to food products consumed by humans and animals. Dry milling goods have a wide range of applications, driving up market demand.

Key Initiatives by Companies

• Tate & Lyle sold ADM a corn wet mill in Morocco (UK). This would aid ADM's glucose and native starch production.
• Cargill invested USD 100.0 million in a new corn wet-milling plant in Karnataka, India. The factory had a daily capacity of 800 tonnes of corn.
• Ingredion Incorporated purchased Shandong Huanong Speciality Corn Development Co., Ltd (China) to expand its presence in the Asia Pacific area and establish a specialty ingredient production base.