Europe Wet-Milling Market is Anticipated to Grow at a CAGR of 0.234%
The europe wet milling market which had a value of USD 266.39 million in 2021, is anticipated to expand to USD 271.42 million by 2029, with a CAGR of 0.234% from 2022 to 2029. The Data Bridge Market Research team's thorough expert analysis, import/export analysis, price analysis, production consumption analysis, patent analysis, and consumer behaviour are all included in the market study.
In the steadfast Europe wet-milling market Estimates of the market's size and
share, revenue from product sales, and the necessary adjustments to be made to
future products are all discussed appropriately in the report. To precisely
craft such a fantastic market research study for the companies looking for
prospective growth, skilled analysts, statisticians, research professionals,
eager forecasters, and economists collaborate.
The best source for CAGR numbers with variations for the
market's forecast period of 2022 to 2029 is this market study. The study on the
global wet-milling market in Europe was created based on the market type,
organisational size, on-premises availability, and end-users' organisation
type.
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Wet-Milling Market Dynamics
Drivers
High demand for high fructose syrups from the food and
beverage industry
Increased demand for high fructose corn syrups in
the carbonated beverage industry due to its 55 percent fructose
content makes it sweeter than sucrose and results in lower manufacturing costs
for manufacturers. As high fructose corn syrups are the main product
produced in the wet-milling process, an increase in their demand is expected to
drive the corn wet-milling market in the near future. Regardless of the Europe
economic downturn, the Europe beverage industry is expected to grow
significantly.
Growing importance of wet milling in animal feed
industries
Other factors expected to fuel the Europe corn wet-milling
market growth include rising demand for corn ethanol, wet milling products that
are high in digestible fibre, amino acids, and energy, protein, cysteine, and
methionine. The growing demand for biofuels will benefit the
wet-milling industry and increase the demand for wet-milling.
Opportunity
Furthermore, rising demand for meat and meat products in
growing regions will provide lucrative growth opportunities for the market in
the coming years. Furthermore, the Europe trend toward consumption of animal
protein diets will contribute to market growth.
COVID-19 Impact on Wet-Milling Market
Several countries imposed strict lockdowns to contain the
infection, resulting in the shutdown of F&B processing plants and the
disruption of the food and beverages supply chain for a limited time. The
shortage of F&B products and essential items, panics buying by consumers
around the world, interruption of supply chains due to travel restrictions, and
labour shortages have significantly impacted the F&B supply chain.
Major robot manufacturing companies worldwide reported a
decline in revenue generation during the first and second quarters of 2020 due
to lower sales caused by an economic slowdown caused by lockdown and quarantine
restrictions imposed by governments worldwide, as well as a temporary drop in
demand for automation.
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Europe Wet-Milling Market Scope
Equipment
- Milling
Equipment
- Steeping
Equipment
- Centrifuge
System
- Washing
& Filtration System
- Others
Application
- Feed
- Oil
Processing
- Starch
Modification
- Others
Source
- Corn
- Wheat
- Cassava
- Potato
- Others
End user
- Starch
- Sweetener
- Corn
Steep Liquor
- Others
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Wet-Milling Market Regional Analysis/Insights
The wet-milling market is analysed and market size insights
and trends are provided by country, equipment, processing size, source, end
product and application as referenced above.
The countries covered in the wet-milling market report are
Germany, U.K, Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia,
Denmark, Sweden, Poland, Turkey, Rest of Europe.
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