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Global Corn Wet Milling Industry Analysis and Review of Starch, Sweeteners and Co-ProductsPublished by: S. K. Patil and Associates Published: May. 1, 2007 - 122 Pages Table of Contents
AbstractThe corn processing industry has undergone many evolutionary changes and is currently under tremendous pressure to maintain/improve margins. The industry has experienced consolidation in the past few years and this trend will continue to restructure and streamline scale and efficiencies. In 2007, SPI expanded its presenceout side corn processing by acquiring SPI Polyols of Delaware a major poylols processor, Recent demand on starch from ethanol has greatly enhanced the margins including HFCS. The HFCS demands have flattened due to concerns of obesity and glycemic trends.There has not been a significant new product introduction in this industry since the introduction of HFCS (High Fructose Corn Syrups) in the late 60’s. The exception being in the area of fermentation, where glucose from starch is used as a feedstock for the production of various chemicals such as ethanol, lysine, citric acid, and lactic acid. It is expected that this trend will continue to grow and will be accelerated by biotechnology developments and development of new fermentation organisms that can produce new value added chemicals. This process will also be aided by increased environmental pressures and petroleum costs. In the area of starch nothing significant has happened since the introduction of waxy in the 40’sand high amylose in the 50’s. The health nutrition trends for enhanced fiber consumption and emphasis on low glycimic (GI) food have recently enhanced the growth of high amylose starch as a source of resistant starch (RS). There are certainly a number of promising new product areas and developments in biotechnology that may eventually lead to significant new business segments. In addition, government policies on a number of fronts will play a role, as discussed in this report The future of the U.S. corn refining industry is assured. It will grow in both size and geographic reach, become even more technologically sophisticated and further diversify its product mix. Production costs will decline in real terms and there will be further consolidation in the industry. However, the basic character of the industry a decade from now will be much the same as it is today. Sweeteners, starch and alcohol will still account for almost 95 percent of total grind, down only slightly from the current share. Moreover, it will still be fundamentally a commodity business. Increase demand and attention to bio fuels have greatly enhance the demand for corn resulting in doubling of corn price from one year ago. This is a comprehensive report with lot of data and insights in to how this industry operates and how one can position in the changing global markets Get Full Details About This Report >> |
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