Global Dry Milling Market to Reach $102.1 Billion by 2026

SAN FRANCISCO, Nov. 16, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Dry Milling - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: November 2021
Executive Pool: 1318
Companies: 34 - Players covered include Archer Daniels Midland Company; Bunge Ltd.; C.H. Guenther & Son, Inc.; Cargill, Inc.; Didion Milling; Flint Hills Resources LLC; Green Plains, Inc.; Lifeline Foods, LLC.; Pacific Ethanol, Inc.; SEMO Milling, LLC.; SunOpta, Inc.; Valero Energy Corporation and Others.
Coverage: All major geographies and key segments
Segments: Source (Yellow Corn, White Corn); End-Product (Ethanol, Corn Flour, Distiller`s Dried Grains & Solubles, Corn Grits, Cornmeal, Other End-Products); Application (Fuel, Feed, Food)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Dry Milling Market to Reach US$102.1 Billion by the Year 2026
Traditionally, corn remains a staple food source in several areas of the world. Dry milling or dry grinding process of corn is used for extracting ethanol from fractional gravel or starch, flour, meal, and other common types of products, separating grains into four distinct components of material like fine gravel, coarse gravel, flour, germ, and other co-products. The resulting products from dry milling of corn find usage for various purposes. The usage of such products in the production of bioethanol and fortified animal feed is the primary growth driver fueling market growth. Corn-based ethanol is a significant driver to fuel corn dry milling market demand. Ethanol is a low-cost and clean octane booster providing oil refineries the lowest-cost solution for upgrading gasoline's octane content, making ethanol preferable amongst the fuel suppliers. Countries like the US, Brazil, Canada, and many countries in the EU, experienced increased biofuel consumption, bringing down the petroleum imports, and the same trend is likely to be followed in the future.

Amid the COVID-19 crisis, the global market for Dry Milling estimated at US$75.8 Billion in the year 2020, is projected to reach a revised size of US$102.1 Billion by 2026, growing at a CAGR of 5.1% over the analysis period. Yellow Corn, one of the segments analyzed in the report, is projected to grow at a 4.8% CAGR to reach US$67.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the White Corn segment is readjusted to a revised 5.6% CAGR for the next 7-year period. This segment currently accounts for a 37% share of the global Dry Milling market. The yellow corn is made of four essential components that include fiber, starch, corn oil, and protein. Yellow corn is dry milled and is used mainly to produce ethanol and animal feed due to high concentration of starch.

The U.S. Market is Estimated at $21.2 Billion in 2021, While China is Forecast to Reach $21 Billion by 2026
The Dry Milling market in the U.S. is estimated at US$21.2 Billion in the year 2021. The country currently accounts for a 26.7% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$21 Billion in the year 2026 trailing a CAGR of 8.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach US$9.4 Billion by the end of the analysis period. High demand of dry drilled corn products in Asia Pacific region can be attributed to rising awareness among consumers regarding renewable fuel sources, increasing sensitivity towards environmental issues, requirement of protein rich animal feed and surging demand for corn- based food products. Asian countries are also initiating efforts to institute incentives and policies to increase biofuel demand, which will ultimately increase production. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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