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.