The global Dry Milling market was valued at USD 64.32 billion in 2016 and is projected to reach USD 102.38 billion by 2025, growing at a CAGR of 5.3% from 2017 to 2025.
Dry Milling of corn is becoming of great importance. The varied uses of product obtained from dry milling are boosting market demand. The usage of these products in the manufacturing of fortified animal feed and in the manufacturing of bioethanol is expected to boost market demand over the forecast period.
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1. Market Drivers
1.1 Corn is one of the important ingredients in animal feed
1.2 Growing demand for corn ethanol
2. Market Restraints
2.1 High maintenance costs involved
2.2 Mycotoxin contamination
The global Dry Millingmarket is segmented on theend product, application, source,and region.
1. By End Product:
2. By Application:
3. By Source:
3.1 White Corn
3.2 Yellow Corn
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Valero Energy Corporation
3. C.H Guenther & Son Incorporated
5. Flint Hills Resources LP
6. Bunge Limited
7. Pacific Ethanol Inc.
8. Sunopta Inc.
9. Lifeline Foods LLC
10. Didion Milling
11. Lifeline Foods
12. Semo Milling
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Dry Millingmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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