Dry Milling Market for Corn to Grow at a CAGR of 5.5% by 2022 - Analysis By End Product, Application, Source & Region

The global dry milling market for corn is projected to grow at a CAGR of 5.5%. The main factors that drive the dry milling market for corn are the use of corn as one of the main ingredients in feed, and increasing demand for corn ethanol as biofuel. 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.

The global dry milling market for corn is projected to grow at a CAGR of 5.5%. The main factors that drive the dry milling market for corn are the use of corn as one of the main ingredients in feed, and increasing demand for corn ethanol as biofuel. 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.

The ethanol segment dominated the dry milling market for corn in 2016. The increased consumption of biofuel in the U.S., Canada, Brazil, and in countries of the EU has brought the imports of petroleum down and is estimated to follow the same trend in future. Countries in Asia are also instituting policies and incentives to increase the demand for biofuels, ultimately increasing their production. In addition, ethanol is considered a clean and low-cost octane booster and provides oil refiners with the lowest-cost solution to upgrade the octane content of gasoline, owing to which it is preferred among fuel suppliers.   

The food application market was the largest in 2016 and is projected to grow at the highest CAGR during the forecast period. This is due to the growing application of corn dry-milled products in snack foods, breakfast cereals, and bakery products. Corn flour, mainly masa flour, is used in the manufacturing of snack foods such as tortilla chips, taco shells, and tortilla bread.

Companies Mentioned

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Corn Dry-Milling Market, By End Product

7 Corn Dry-Milling Market, By Application

8 Corn Dry-Milling Market, By Source

9 Corn Dry-Milling Market, By Region

10 Competitive Landscape

11 Company Profiles

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