Thailand Corn Wet-Milling Market (2025-2031) | Growth, Forecast, Analysis, Outlook, Trends, Companies, Industry, Value, Share, Revenue & Size

Thailand Corn Wet-Milling Market Synopsis

The corn wet-milling market in Thailand has shown significant growth in recent years. Corn wet-milling is a process that converts corn into various products, such as starch, sweeteners, ethanol, and animal feed. It involves steeping corn in water and separating its components through various extraction and refining processes.

Market Drivers

The growing demand for starch and sweeteners in various industries, including food and beverages, pharmaceuticals, and textiles, has driven the growth of the corn wet-milling market. Starch and sweeteners derived from corn are widely used as additives, thickeners, and sweetening agents in various applications. The expansion of the animal feed industry in Thailand has fueled the demand for corn wet-milling products, such as corn gluten meal and corn germ meal. These products are essential ingredients in animal feed formulations, providing proteins, fibers, and other nutrients. Ethanol is a biofuel produced from corn through the corn wet-milling process. With the increasing focus on renewable energy sources and reducing greenhouse gas emissions, the demand for ethanol has been on the rise. The growth of the ethanol industry has positively impacted the corn wet-milling market.

Challenges of the Market

Corn is the primary raw material used in the corn wet-milling process. Fluctuations in corn prices can impact the profitability of corn wet-milling companies. Price volatility is influenced by factors such as weather conditions, global supply and demand dynamics, and trade policies. The corn wet-milling process generates by-products and waste streams that require proper management to mitigate environmental impact. Disposal and treatment of these by-products, such as corn steep liquor and wastewater, can be challenging and subject to environmental regulations. Corn wet-milling products face competition from substitutes in the market, such as other starch sources (e.g., tapioca starch) and alternative sweeteners. The availability and cost-effectiveness of substitutes can impact the demand for corn-based products.

Covid-19 Impact on the Market

The Covid-19 pandemic had a mixed impact on the corn wet-milling market in Thailand. While there were disruptions in the supply chain and reduced demand from certain sectors, such as foodservice and beverages, the market also witnessed increased demand for certain corn-based products used in food processing and animal feed. The pandemic`s impact on ethanol demand, due to reduced transportation activities, also influenced the market.

Key Players of the Market

Thailand Corn Starch Co., Ltd., National Starch and Chemical (Thailand) Limited, Ake Rice Mill Co., Ltd., Rajburi Sugar Co., Ltd., Thailand Roong Ruang Group Co., Ltd., Charoen Pokphand Foods PCL, Thailand Flour Industry Co., Ltd.

Key Highlights of the Report:

• Thailand Corn Wet-Milling Market Outlook
• Market Size of Thailand Corn Wet-Milling Market, 2024
• Forecast of Thailand Corn Wet-Milling Market, 2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Revenues & Volume for the Period 2021-2031
• Thailand Corn Wet-Milling Market Trend Evolution
• Thailand Corn Wet-Milling Market Drivers and Challenges
• Thailand Corn Wet-Milling Price Trends
• Thailand Corn Wet-Milling Porter's Five Forces
• Thailand Corn Wet-Milling Industry Life Cycle
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By End-product for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Starch for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Sweetener for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Ethanol for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Corn gluten meal & gluten feed for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Others? for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Feed for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Food for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Industrial for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Sources for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Dent corn for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Waxy corn for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Equipment for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Milling equipment for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Steeping equipment for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Centrifuge systems for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Washing & filtration systems for the Period 2021-2031
• Historical Data and Forecast of Thailand Corn Wet-Milling Market Revenues & Volume By Others for the Period 2021-2031
• Thailand Corn Wet-Milling Import Export Trade Statistics
• Market Opportunity Assessment By End-product
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Sources
• Market Opportunity Assessment By Equipment
• Thailand Corn Wet-Milling Top Companies Market Share
• Thailand Corn Wet-Milling Competitive Benchmarking By Technical and Operational Parameters
• Thailand Corn Wet-Milling Company Profiles
• Thailand Corn Wet-Milling Key Strategic Recommendations