The Dry Milling Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Dry Milling Market:
https://www.thebusinessresearchcompany.com/report/dry-milling-global-market-report
According to The Business Research Company’s Dry Milling Global Market Report
2024, The dry milling market size has grown strongly in recent years. It will
grow from $104.19 billion in 2023 to
$111.9 billion in 2024 at a compound
annual growth rate (CAGR) of 7.4%.
The growth in the historic period
can be attributed to consumer preferences, regulatory changes, local and
terroir focus, marketing and branding, cocktail culture.
The dry milling market size is expected to see strong growth in the next few years.
It will grow to $155.63 billion in 2028
at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be
attributed to continued growth of premium segment, health and wellness, digital
marketing and e-commerce, aging population, whiskey aging and maturation. Major
trends in the forecast period include low- and no-alcohol options, regional and
terroir-driven offerings, ready-to-drink (rtd) cocktails, innovative aging
techniques, digital marketing and e-commerce.
The rise in the consumption of corn flour-processed snacks across the globe is
expected to propel the growth of the dry milling market going forward. Corn
flour refers to flour made from dried whole corn kernels and is derived from
the grinding of dried corn and is a common staple food. It is used in the
preparation of various food items. For
instance, in November 2021, according to the Institute of Food Technologists
(IFT) report, a US-based international, non-profit scientific association of
professionals engaged in food science, food technology, and related fields, the
number of snacks sold in the US increased by 5%, and the consumption of snacks
by US adults is up to 2.7 snacks per day.
Therefore, the rise in the consumption of corn flour, processed snacks
is driving the growth of the dry milling market during forecast period.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=7672&type=smp
The dry milling market covered in this report is segmented –
1) By Source: Yellow Corn, White Corn
2) By Product: Ethanol, Dried Distillers Grain With Soluble (DDGS), Corn Grits,
Corn Meal, Corn Flour, Other End Products
3) By Application: Fuel, Feed, Food
Technological advancements have emerged as the key trend gaining popularity in
the dry milling market. Major companies operating in the dry milling sector are
focusing on developing new technologies to sustain their position in the
market. For instance, in December 2021, Rieco Industries Limited, an
India-based project engineering and machine manufacturing company, launched an
innovative technological solution, RACAM, an air classifying action mill for
dry powder grinding, which had the unique feature of air and dust separation.
This machine provides various activities in dry milling such as classifying,
conveying, integrated grinding, and collecting operations with the help of a
single machine. It also provides an ultra-fine grinding powder. The equipment
offers advantages such as larger capacity, higher efficiency, and less noise.
The upgraded equipment is also more efficient and easier to clean and use.
The dry milling market report table of contents includes:
1. Executive Summary
2. Dry
Milling Market Characteristics
3. Dry
Milling Market Trends And Strategies
4. Dry
Milling Market - Macro Economic Scenario
5. Global
Dry Milling Market Size and Growth
.
31. Global Dry Milling Market Competitive Benchmarking
32. Global
Dry Milling Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Dry Milling Market
34. Dry
Milling Market Future Outlook and Potential Analysis
35.
Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment