• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    Corn Wet Milling Market

    ID: MRFR/F-B & N/26592-HCR
    128 Pages
    Snehal Singh
    October 2025

    Corn Wet Milling Market Research Report By Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), By Product Type (Corn Starch, Corn Syrup, Corn Oil, Corn Gluten Feed, Corn Gluten Meal), By Application (Food and Beverages, Animal Feed, Pharmaceuticals, Cosmetics, Industrial), By End-User (Industrial, Commercial, Residential) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Corn Wet Milling Market Infographic
    Purchase Options

    Corn Wet Milling Market Summary

    The global corn wet milling market is projected to grow from 37.01 USD billion in 2024 to 56.09 USD billion by 2035.

    Key Market Trends & Highlights

    Corn Wet Milling Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate (CAGR) of 4.03 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 54.0 USD billion, reflecting strong growth potential.
    • in 2024, the market is valued at 37.01 USD billion, indicating a robust starting point for future expansion.
    • Growing adoption of innovative processing technologies due to increasing demand for high-quality corn products is a major market driver.

    Market Size & Forecast

    2024 Market Size 37.01 (USD Billion)
    2035 Market Size 56.09 (USD Billion)
    CAGR (2025-2035) 3.85%

    Major Players

    CarADM, Ingredion, Jilin Beidahuang Group Co., Ltd., Corn Products International, Inc., MGP Ingredients, Inc., Archer Daniels Midland Company, Guangxi Xiuzhou Sugar Factory Corporation Limited, Jilin Da'an Maize Biotechnology Co., Ltd., Ingredion Incorporated, Grain Processing Corporation, Henan Yuncheng Xiwang Foodstuffs Co., Ltd., Heilongjiang Jinfengyuan Group Co., Ltd., Xinjiang Guanghui Industry Co., Ltd., Tate Lyle PLC, Shandong Xiwang Foodstuffs Co., Ltd., Cargill

    Corn Wet Milling Market Trends

    The rising consumption of corn syrup and other corn wet milling products can be attributed to the health-conscious habits of food buyers who prefer natural and less processed food products. The increasing usage of corn ethanol as a transportation fuel has also generated a huge requirement for corn wet milling. Developments like enzyme engineering and process optimization are focused on making cross-test corn wet milling efficient and productive.

    However, in recent times, the introduction of these technologies by the industry markets has made advanced innovations such as corn wet milling more viable. These changes allow companies to lower costs and meet produced demand for product design and enhancement. Further, increasing cognizance of concern over environmental issues is bringing about advancements in corn-wet milling to promote increased use of sustainable approaches.

    Key market growth enablers include the high demand for corn-based products, the proliferation of technology, and sustainability concerns. Emerging opportunities in the market include activities such as corn wet milling for functional food ingredients, bioplastics, and other corn-derived value-added products. In the following years, further improvement and growth in the market will be expected depending on the changing landscape of the food and beverage industry and biotechnology development.

    The global corn wet milling market appears to be experiencing a robust transformation, driven by increasing demand for high-value products derived from corn, which suggests a shift towards more sustainable and innovative processing techniques.

    U.S. Department of Agriculture

    Corn Wet Milling Market Drivers

    Rising Biofuel Production

    The Global Corn Wet Milling Market Industry is significantly influenced by the increasing production of biofuels, particularly ethanol. As governments worldwide implement policies to promote renewable energy sources, corn-based ethanol has gained traction as a sustainable alternative to fossil fuels. This shift not only enhances energy security but also supports agricultural economies. The demand for corn in biofuel production is expected to rise, contributing to the market's growth. By 2035, the market is anticipated to expand to 54.0 USD Billion, reflecting the potential of biofuels to drive the Global Corn Wet Milling Market Industry forward.

    Market Trends and Projections

    Growing Demand for Starch Derivatives

    The Global Corn Wet Milling Market Industry experiences a notable increase in demand for starch derivatives, which are widely utilized in food, beverage, and industrial applications. As consumers seek healthier and more natural food options, the demand for modified starches has surged. In 2024, the market is projected to reach 35.0 USD Billion, driven by the food industry's need for thickening agents and stabilizers. Additionally, the versatility of starch derivatives in non-food applications, such as adhesives and textiles, further propels market growth. This trend indicates a robust future for the Global Corn Wet Milling Market Industry as it adapts to evolving consumer preferences.

    Expanding Applications in Food Industry

    The Global Corn Wet Milling Market Industry benefits from the expanding applications of corn-based products in the food sector. Ingredients derived from corn, such as high-fructose corn syrup and corn oil, are increasingly utilized in processed foods, snacks, and beverages. This diversification of applications is driven by the food industry's need for cost-effective and functional ingredients. As consumer preferences shift towards convenience foods, the demand for corn-based ingredients is likely to rise. This trend supports the market's growth trajectory, indicating a promising outlook for the Global Corn Wet Milling Market Industry in the coming years.

    Increasing Global Population and Urbanization

    The Global Corn Wet Milling Market Industry is poised for growth due to the increasing global population and urbanization trends. As urban areas expand, the demand for processed food products rises, leading to greater consumption of corn-based ingredients. This demographic shift necessitates efficient food production systems, where corn wet milling plays a vital role. The growing population is expected to drive the market's expansion, with projections indicating a robust demand for corn products. This trend underscores the importance of the Global Corn Wet Milling Market Industry in meeting the nutritional needs of a burgeoning global population.

    Technological Advancements in Milling Processes

    Technological advancements in milling processes play a crucial role in enhancing the efficiency and yield of corn wet milling operations. Innovations such as enzymatic treatments and membrane filtration techniques have improved the extraction of valuable components from corn, thereby optimizing production. These advancements not only reduce waste but also lower operational costs, making the Global Corn Wet Milling Market Industry more competitive. As companies invest in modernizing their facilities, the overall productivity of the industry is likely to increase, supporting sustained growth. This trend aligns with the projected CAGR of 4.03% for the period from 2025 to 2035.

    Market Segment Insights

    Corn Wet Milling Market Segment Insights

    Corn Wet Milling Market Segment Insights

    Corn Wet Milling Market Grade Insights

    Corn Wet Milling Market Grade Insights

    The Corn Wet Milling Market is segmented by Grade into Food Grade, Industrial Grade, and Pharmaceutical Grade. Among these segments, the Food Grade segment is expected to hold the largest market share in 2023, owing to the increasing demand for corn-based food products. The Industrial Grade segment is projected to grow at a CAGR of 4.10% during the forecast period, reaching a market value of USD 15.3 billion by 2032.

    The Pharmaceutical Grade segment is expected to grow at a steady pace during the forecast period, driven by the increasing demand for corn-based pharmaceuticals.The Pharmaceutical Grade segment is projected to grow at a CAGR of 3.90% during the forecast period, reaching a market value of USD 9.8 billion by 2032. Overall, the Grade segment is expected to contribute significantly to the growth of the Corn Wet Milling Market. The increasing demand for corn-based products across various industries is expected to drive the growth of this segment.

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Corn Wet Milling Market Product Type Insights

    Corn Wet Milling Market Product Type Insights

    The product type segment of the Corn Wet Milling Market is segmented into corn starch, corn syrup, corn oil, corn gluten feed, and corn gluten meal. Among these, corn starch is estimated to account for the largest revenue share in 2023. The increasing demand for corn starch in various food applications, such as thickeners, stabilizers, and binding agents, is driving its market growth. Corn syrup is the second largest product type, and its demand is expected to rise due to its wide application in the food and beverage industry as a sweetener.

    Corn Wet Milling Market Application Insights

    Corn Wet Milling Market Application Insights

    The Corn Wet Milling Market is segmented into various application segments, including Food and Beverages, Animal Feed, Pharmaceuticals, Cosmetics, and Industrial. Each segment exhibits unique market dynamics and growth prospects. The Food and Beverages segment held the largest market share in 2023, driven by the extensive use of corn wet milling products in food processing, beverage manufacturing, and confectionery industries.

    The Animal Feed segment is anticipated to grow at a steady pace due to the increasing demand for high-quality animal feed ingredients.The Pharmaceuticals segment is projected to witness significant growth, attributed to the growing usage of corn-based excipients and active pharmaceutical ingredients in drug formulations. The Cosmetics segment is expected to experience moderate growth, driven by the incorporation of corn-based ingredients in skincare and haircare products. The Industrial segment holds a niche market share, with applications in areas such as adhesives, textiles, and paper production.

    The rising demand for biodegradable and renewable materials is expected to drive growth in this segment.Overall, the Corn Wet Milling Market is expected to experience steady growth over the next decade, driven by increasing demand from various end-use industries, technological advancements, and the growing focus on sustainable and renewable resources.

    Corn Wet Milling Market End-User Insights

    Corn Wet Milling Market End-User Insights

    The end-user segment of the Corn Wet Milling Market holds immense significance, driving market growth and shaping industry dynamics. Industrial applications account for a substantial share of the market, estimated to reach USD 15.24 billion by 2024. This segment encompasses industries such as food processing, pharmaceuticals, and textiles, which utilize corn wet milling products as raw materials or ingredients. Commercial end-users, including bakeries, restaurants, and food service providers, represent another key segment, contributing to market growth.Residential end-users, comprising households and individual consumers, also play a role in market demand, particularly for products such as sweeteners, starches, and biofuels.

    Get more detailed insights about Corn Wet Milling Market Research Report — Global Forecast till 2032

    Regional Insights

    The regional landscape of the Corn Wet Milling Market showcases a dynamic competitive landscape with varying market shares and growth prospects. North America holds a significant market share, driven by the presence of large-scale corn wet milling facilities and a well-established food processing industry. Europe follows closely, supported by a growing demand for bio-based products and a strong focus on sustainable agriculture.

    The Asia Pacific region is expected to witness substantial growth in the coming years, attributed to the rising demand for corn-based products and the expansion of the food and beverage industry.South America and the Middle East and Africa (MEA) regions are anticipated to contribute moderately to the overall market growth, with opportunities emerging in the biofuels and animal feed sectors. The Corn Wet Milling Market revenue in 2024 is estimated to be around USD 36.5 billion, exhibiting a steady growth trajectory in the coming years.

    Corn Wet Milling Market Regional

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Major players in the Corn Wet Milling Market industry are constantly innovating and developing new products to meet the changing needs of their customers. Leading Corn Wet Milling Market players are also focusing on expanding their reach and establishing new partnerships to increase their market share. The Corn Wet Milling Market development is driven by the increasing demand for corn-based products such as sweeteners, starch, and biofuels. The growing population and rising disposable income in developing countries are also contributing to the growth of the Corn Wet Milling Market.

    The competitive landscape of the Corn Wet Milling Market is expected to remain fragmented in the coming years, with a number of small and medium-sized players competing for market share.CarADM is a leading corn wet milling market player. The company offers a wide range of corn-based products, including sweeteners, starch, and biofuels. CarADM has a strong focus on research and development, and it is constantly innovating to meet the changing needs of its customers. The company has a strong presence in North America, Europe, and Asia.Ingredion is another leading Corn Wet Milling Market player with a presence.

    The company offers a wide range of corn-based products, including sweeteners, starch, and biofuels. Ingredion has a strong focus on sustainability, and it is committed to reducing its environmental impact. The company has a strong presence in North America, South America, and Asia.

    Key Companies in the Corn Wet Milling Market market include

    Industry Developments

    • Q2 2024: Ingredion Appoints New Chief Financial Officer Ingredion Incorporated, a major player in the corn wet milling sector, announced the appointment of James Gray as its new Chief Financial Officer, effective May 1, 2024. Gray will oversee global financial operations and strategy as the company continues to expand its specialty ingredients business.
    • Q2 2024: ADM Opens New Corn Wet Milling Facility in Brazil Archer Daniels Midland (ADM) inaugurated a new corn wet milling plant in Mato Grosso, Brazil, in April 2024. The facility is designed to increase ADM’s production capacity for starches and sweeteners in South America, supporting growing demand in the food and beverage sector.
    • Q1 2024: Cargill and Nestlé Announce Partnership for Sustainable Corn Sourcing Cargill and Nestlé entered a strategic partnership in February 2024 to source sustainably grown corn for wet milling operations in the United States, aiming to reduce greenhouse gas emissions and improve supply chain transparency.
    • Q3 2024: Tate & Lyle Sells Corn Wet Milling Facility in Slovakia to Local Investor Tate & Lyle announced in July 2024 the sale of its corn wet milling plant in Slovakia to a consortium of local investors as part of its strategy to focus on higher-margin specialty ingredients.
    • Q2 2024: Ingredion Launches New Line of Clean Label Corn Starches Ingredion launched a new portfolio of clean label corn starches for the European market in May 2024, targeting food manufacturers seeking non-GMO and minimally processed ingredients.
    • Q1 2024: ADM Secures Major Contract to Supply Corn Sweeteners to Coca-Cola ADM signed a multi-year contract in March 2024 to supply high-fructose corn syrup and other corn-derived sweeteners to Coca-Cola bottlers in North America, strengthening its position in the beverage ingredients market.
    • Q4 2024: Ingredion Announces $100 Million Investment in US Corn Wet Milling Plant Expansion Ingredion revealed plans in October 2024 to invest $100 million to expand its corn wet milling facility in Iowa, aiming to increase production of specialty starches and meet rising demand from the food and pharmaceutical sectors.
    • Q2 2025: Cargill Completes Acquisition of Minority Stake in Indian Corn Wet Milling Firm Cargill finalized the acquisition of a 30% stake in an Indian corn wet milling company in June 2025, expanding its footprint in the fast-growing South Asian market for starches and sweeteners.
    • Q1 2025: Tate & Lyle Appoints New CEO to Drive Growth in Ingredients Business Tate & Lyle appointed Maria Gonzalez as Chief Executive Officer in January 2025, tasking her with accelerating growth in the company’s specialty ingredients and corn wet milling operations.
    • Q3 2024: ADM Receives Regulatory Approval for Corn Wet Milling Expansion in China ADM received final regulatory approval in August 2024 to expand its corn wet milling operations in Shandong Province, China, enabling increased production of starches and sweeteners for the Asian market.
    • Q2 2025: Ingredion Signs Joint Venture Agreement with Japanese Food Company Ingredion entered a joint venture with a leading Japanese food manufacturer in May 2025 to develop and market new corn-based ingredients for the Asia-Pacific region, leveraging both companies’ expertise in wet milling technology.
    • Q1 2025: Cargill Launches New Corn-Based Biopolymer for Packaging Industry Cargill introduced a new corn-derived biopolymer in February 2025, produced via wet milling, targeting sustainable packaging solutions for global consumer goods companies.

    Future Outlook

    Corn Wet Milling Market Future Outlook

    The Corn Wet Milling Market is projected to grow at a 3.85% CAGR from 2025 to 2035, driven by rising demand for biofuels, food ingredients, and biodegradable plastics.

    New opportunities lie in:

    • Invest in advanced processing technologies to enhance yield and reduce waste.
    • Develop sustainable product lines targeting eco-conscious consumers.
    • Expand into emerging markets with tailored corn-based solutions.

    By 2035, the Corn Wet Milling Market is expected to achieve robust growth, reflecting evolving consumer preferences and technological advancements.

    Report Scope

    Report Attribute/Metric Details
    Market Size 2035 56.09 (USD Billion)
    Compound Annual Growth Rate (CAGR) 3.85% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Key Companies Profiled Jilin Beidahuang Group Co., Ltd., Corn Products International, Inc., MGP Ingredients, Inc., Archer Daniels Midland Company, Guangxi Xiuzhou Sugar Factory Corporation Limited, Jilin Da'an Maize Biotechnology Co., Ltd., Ingredion Incorporated, Grain Processing Corporation, Henan Yuncheng Xiwang Foodstuffs Co., Ltd., Heilongjiang Jinfengyuan Group Co., Ltd., Xinjiang Guanghui Industry Co., Ltd., Tate Lyle PLC, Shandong Xiwang Foodstuffs Co., Ltd., Cargill
    Segments Covered Grade, Product Type, Application, End-User, Regional
    Key Market Opportunities 1 Growing Demand for Renewable Energy Sources2 Increasing Application in Animal Feed Industry3 Expansion in the Food and Beverage Sector4 Adoption in the Bioplastics Market5 Rise in Health and Wellness Awareness
    Key Market Dynamics Rising demand for biofuels Growing population and increasing food consumption Technological advancements in the corn wet milling process Expanding applications in the food and beverage industry Fluctuating corn prices
    Countries Covered North America, Europe, APAC, South America, MEA
    Market Size 2024 37.01 (USD Billion)
    Market Size 2025 38.43 (USD Billion)

    FAQs

    What is the projected CAGR for the Corn Wet Milling Market ?

    Corn Wet Milling Market Value at USD56.09 Billion and Grow at a CAGR of3.85%by 2025-2035

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials