NAICS 311221 - Wet Corn Milling
This U.S. industry comprises establishments primarily engaged in wet milling corn and other vegetables (except to make ethyl alcohol). Examples of products made in these establishments are corn sweeteners, such as glucose, dextrose, and fructose; corn oil; and starches (except laundry).
Industry trends:
NAICS 311221, which encompasses the Wet Corn Milling industry, has been experiencing significant qualitative trends driven by technological advancements, sustainability initiatives, and shifts in consumer preferences. One prominent trend is the increasing investment in bioprocessing and bioengineering technologies. These advancements are aimed at enhancing production efficiency, reducing waste, and developing high-value bioproducts such as biofuels and bioplastics. As a result, wet corn milling companies are not only diversifying their product portfolios but also tapping into new markets.
Sustainability is another key trend reshaping the industry. Consumers and regulatory bodies are increasingly demanding eco-friendly practices. Consequently, companies are investing in greener technologies and methods, including water recycling systems and the reduction of greenhouse gas emissions. Moreover, the shift towards non-GMO ingredients and organic products is gaining momentum as health-conscious consumers seek cleaner labels and transparency regarding sourcing and production practices.
Looking ahead, the forecast for the near future suggests continued growth driven by these technological and sustainable practices. The emphasis on renewable energy sources, such as ethanol from corn, is anticipated to rise amidst global energy transformation strategies. Additionally, market awareness and consumer demand for plant-based food products are expected to bolster the industry's growth. Companies that effectively adapt to these trends and innovate within their production processes stand to gain significant competitive advantages.
This industry is comprised of:
Corn dextrin manufacturing
Corn gluten feed manufacturing
Corn gluten meal manufacturing
Corn oil cake and meal manufacturing
Corn oil mills
Corn oil, crude and refined, made by wet milling corn
Corn starch manufacturing
Corn sweeteners (e.g., dextrose, fructose, glucose) made by wet milling corn
Crude corn oil manufacturing
Dextrin made by wet milling corn
Gluten feed, flour, and meal, made by wet milling corn
Gluten manufacturing
HFCS (high fructose corn syrup) manufacturing
High fructose corn syrup (HFCS) manufacturing
Maltodextrins manufacturing
Margarine and other corn oils made by wet milling corn
Oil, corn crude and refined, made by wet milling corn
Potato starches manufacturing
Rice starches manufacturing
Root starches manufacturing
Starches (except laundry) manufacturing
Steepwater concentrate manufacturing
Sugar made by wet milling corn
Syrup, corn, made by wet milling
Table oil, corn, made by wet milling
Tapioca manufacturing
Vegetable starches manufacturing
Wet milling corn and other vegetables
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