HOME Research Insight Market Leaders - Corn Wet-Milling Market



Market Leaders - Corn Wet-Milling Market


The corn wet-milling market includes players such as Tate & Lyle PLC (U.K.), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Agrana Beteiligungs-AG (Austria), The Roquette Freres (France), Bunge Limited (U.S.), China Agri-Industries Holding Limited (China), Global Bio-Chem Technology Group Company Limited (Hong Kong), and Grain Processing Corporation (U.S.). This market is projected to reach USD 77.50 Billion by 2021, growing at a CAGR of 5.0% from 2016. The key driving factors include increasing demand for high fructose corn syrup in processed food & beverage products, increasing consumption of corn gluten meal-based animal feed products in the meat industry, multi-functionality of corn starch in non-food applications, and increasing demand for bio-ethanol products.

Key strategies such as expansions, acquisitions, agreements & joint ventures, and new product launches have been adopted by the key players to meet the increasing demand of corn wet-milled products.

Archer Daniels Midland Company (U.S.)

Archer Daniels Midland Company (ADM) is primarily engaged in the production of food ingredients, feed ingredients, biofuels, and naturally-derived alternatives to industrial chemicals. As on June 1, 2016, the company served customers in more than 160 countries through 32,300 employees. The company’s global value chain includes 428 crop procurement locations, 280 ingredient manufacturing facilities, and 39 innovation centers. ADM functions through four segments, namely, oilseeds processing, corn processing, agricultural services, and wild flavors specialty ingredients. It offers various corn products that include sweeteners, dextrose, crystalline fructose, starches, and maltodextrins.

ADM aims to increase its corn wet-milling business in most countries to develop a significant global network by adopting acquisition and expansion as its strategies. The company also aims to expand its sourcing, storing, transporting, transforming, processing, marketing, and distributing facilities to serve its consumers better.

The company also expanded through frequent acquisitions of local corn wet-millers to secure its position in the U.S., Slovakia, and China. In 2016, ADM acquired a Morocco-based corn wet-mill from Tate & Lyle (U.K.). This acquisition is espected to help ADM expand its glucose and native starch product portfolio. In 2015, ADM acquired Hubei Meiweiyuan Biotechnology Co., Ltd. (China). This enabled ADM to expand its business in China to meet the growing demand for starch and sweetener products.

Tate & Lyle PLC (U.K.)

Tate & Lyle PLC is engaged in manufacturing and marketing food and industrial ingredients. The company operates through two business segments, namely, specialty food ingredients and bulk ingredients. It serves a broad range of applications in food & packages, animal feed, industrials, and pharmaceuticals & personal care. Its products include stabilizing systems, sucralose, alcohol, citric acid, and high fructose corn syrup. The company operates in South America, the Middle East and Africa, Europe, and Asia-Pacific.

Tate & Lyle focuses on strengthening its market position through expansion of its corn business, having four corn wet-mills in the U.S. and five in Europe. It has 12 manufacturing facilities in the U.S., 14 in Europe, and 4 in Asia-Pacific. The company expanded its global presence by acquiring new facilities.

Related Reports:

Corn Wet-Milling Market by End Product (Starches, Sweeteners, Ethanol, and Gluten Feed & Gluten Meal), Application (Feed, Food, and Industrial), Source (Dent and Waxy), and Equipment (Milling, Steeping, and Centrifuge System) - Global Forecast to 2021

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports