Research Nester has released a report titled “Mexico Dry Milling Market – Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the Mexico dry milling market in terms of market segmentation by end product, source, application and end user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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, out of which, the flours segment registered the largest market share of 36.28% in the year 2019 and is anticipated to grow by a CAGR of 5.19% during the forecast period, i.e. 2020-2028. Additionally, the segment, which registered a value of USD 629.56 million in the year 2019, is further expected to gain an incremental $ opportunity of USD 32.71 million in the year 2020 as compared to the previous year and further attain an absolute $ opportunity of USD 330.83 million by growing at 1.5x during the forecast period.
The Mexico dry milling market is anticipated to achieve a CAGR of 5.15% during the forecast period. Increasing focus of the government for the growing agriculture produce which is opening up opportunities for several by-products requiring dry milling machines, coupled with the growing production, consumption and trade of corn in the nation are some of the factors anticipated to promote towards the growth of the Mexico dry milling market. The Mexico dry milling market is expected to grow by 1.5x and gain an absolute $ opportunity of USD 902.9 million during the forecast period. The market, which registered a value of USD 1735.22 million in the year 2019, is further anticipated to gain an incremental $ opportunity of USD 89.43 million in the year 2020 as compared to the previous year.
Growing Demand for Food & Feed Products
In the statistics by the Foreign Agricultural Service (FAS) of Mexico, total corn consumption increased by 2.3% from 2019 to 2020 to reach 44.7 million metric tons.
Corn is widely used for feed and biofuel. Backed by the increasing consumption of corn in Mexico, there is a growing need for processing the by-products of corn. Corn is a source of crop for several of its by-products. It is the preferred feed grain in Mexico owing to the low international prices and as well as for its nutritional characteristics. As a result, there is a rising need for the deployment of dry milling machines to process the by-products, which is anticipated to drive the growth of the Mexico dry milling market over the coming years.
However, concerns for the high maintenance cost of dry milling machines is considered as one of the major restrain factors towards the growth of the Mexico dry milling market.
This report also provides the existing competitive scenario of the Mexico dry milling market, which includes company profiling of Cargill, Incorporated, SunOpta 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 encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Mexico dry milling market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.