The Mexico dry milling market is anticipated to achieve a CAGR of 5.15% during theforecast period, i.e. 2020-2028
Research Nester has released a report titled “Mexico Dry Milling Market – Demand Analysis & Opportunity Outlook 2028″ which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The Foreign Agricultural Service (FAS) of Mexico, in one of its statistics, stated that, the total corn consumption in Mexico reached to44.7 million metric tons, which was an increase by 2.3% from 2019.
The statistics portray the increasing consumption of corn in Mexico along with the growing need to process its by-products. Corn being a source of several by-products, such as feed and biofuel, is used massively as a preferred feed grain in Mexico. Low international prices of corn is one of the major factors that can be attributed for the increasing consumption of corn in Mexico. Owing to such factors, there is a rising need for deploying dry milling machines so as to enhance the process of producing the by-products of corn. Such a factor is anticipated to drive the growth of the Mexico dry milling market in the coming years.
The Mexico dry milling market is anticipated to achieve a CAGR of 5.15% during theforecast period, i.e. 2020-2028 owing to the growing production, consumption and trade of corn in the nation and the increasing focus of the government for the growing agriculture produce which is opening up opportunities for several by-products requiring dry milling machines. The market registered a value of USD 1735.22 million in the year 2019 and is expected to grow by 1.5x and gain an absolute $ opportunity of USD 902.9 million during the forecast period. The Mexico dry milling market is also anticipated to gain an incremental $ opportunity of USD 89.43 million in the year 2020 as compared to the previous year.
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The Mexico dry milling market is segmented by end product into ethanol, distiller’s dried grains and solubles, fine grits, course grits, flours and others. Among these segments, the flours segment registered the largest market share of 36.28% in the year 2019. The segment registered a value of USD 629.56 million in the year 2019and is anticipated to grow by a CAGR of 5.19% during the forecast period. Additionally, the segment is also expected to attain an absolute $ opportunity of USD 330.83 million by growing at 1.5x during the forecast periodand furthergain an incremental $ opportunity of USD 32.71 million in the year 2020 as compared to the previous year.
However, concerns for the high maintenance cost of dry milling machines is expectedto limit the growth of the Mexico dry milling market.
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This report also studies existing competitive scenario of some of the key players of the Mexico dry milling market, which includes profiling of Cargill, Incorporated, Sun Opta Inc. (NASDAQ: STKL), Bunge Ltd. (NYSE: BG), Grupo Trimex, Semo Milling, LLC, Gruma, S.A.B. de C.V. (BMV: GRUMAB), Archer-Daniels-Midland Company (NYSE: ADM), Pacific Ethanol, Inc. (NASDAQ: PEIX) and Valero Energy Corporation (NYSE: VLO).
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the reporttitled “Mexico Dry MillingMarket – Demand Analysis & Opportunity Outlook 2028″, analyses the overall Mexico dry milling industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in theMexico dry millingmarket in the near future.
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