| Product Code: ETC046519 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In the Saudi Arabia corn wet-milling market, the import trend showed a slight decline from 2023 to 2024, with a growth rate of -0.01%. The compound annual growth rate (CAGR) for imports over the period 2020-2024 stood at -0.87%. This downward import momentum may be attributed to shifting demand patterns or evolving trade policies impacting market stability.
Corn wet-milling is a process used in starch and ethanol production in which corn kernels are soaked, ground, and separated into their components. In Saudi Arabia, the demand for corn wet-milling products has increased over the years due to an increase in population growth and rising incomes. This has led to an increasing need for food items that are produced through corn wet-milling processes. The market is expected to witness significant growth during the forecast period of 2025 ?? 2031 mainly driven by growing demand from consumers as well as government regulations on biofuel consumption.
Growing Population & Increasing Demand for Food Items: With a constantly growing population in Saudi Arabia leading to higher overall per capita income levels, people now have greater purchasing power which leads them to buy more food items that are produced through corn wet milling processes such as sweeteners like glucose syrup or high fructose corn syrup (HFCS). This increasing demand from consumers is thus driving the growth of this market in Saudi Arabia. The government of Saudi Arabia has put forward certain regulations regarding biofuel consumption including mandating fuel suppliers or producers using ethanol derived from grains rather than petroleum derivatives by 2022 which further drives up the need for these kinds of fuels leading to increased demand for feedstock supplied by companies engaged with corn wet milling services so they can produce different types of biofuels required by various industries such as transportation and agriculture sectors among others within the country??s borders thereby aiding market expansion here too simultaneously. There have also been several technological advancements made over recent years related specifically toward automation systems being implemented inside factories when it comes down to processing raw materials like those needed in order to make products via corns wettings mills making it easier not only handle heavy loads but also achieve greater accuracy throughout entire operations allowing companies operating within this space garner higher profits while at same time reducing operational costs associated with manual labor significantly giving them another impetus towards penetrating deeper into this industry across nation`s boundaries alike.
High Capital Investments Required For Setting Up Plants/Factories : One key challenge faced by businesses engaging with this particular niche within industrial segment would be very high capital investments required both initially starting off operation along other recurring expenses related maintaining plants/factories under safe working conditions especially if relying heavily upon automated machines since they require.
Moreover, with the rapid spread of COVID-19 across Saudi Arabia and subsequent lockdowns for both public safety reasons and economic stability measures imposed by government policies have made business operations difficult for companies operating in different industries. Corn being an essential commodity saw its demand increase when people resorted to stocking up as part of their panic buying habits due to fear over virus induced shortage however this demand surge could not be capitalized adequately since there were lockdown related production delays along with supply chain issues involving transportation problems etc. This negative effect has been partially mitigated by innovative online marketing strategies adopted by some players that allowed them to sell directly through ecommerce websites bypassing traditional brick & mortar stores which were closed amidst lockdowns resulting in significant reduction of revenues for those who did not adopt such methods.
Major key players operating in the market are ADM Milling Company Ltd., Archer Daniels Midland Company (ADM), Bunge North America Inc., Cargill Incorporated, Grain Millers LLC , Roquette Group, Tate & Lyle plc., Manildra Group Pty Ltd., S?dzucker AG and Wilmar International Limited among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Corn Wet-Milling Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Corn Wet-Milling Market - Industry Life Cycle |
3.4 Saudi Arabia Corn Wet-Milling Market - Porter's Five Forces |
3.5 Saudi Arabia Corn Wet-Milling Market Revenues & Volume Share, By End-product, 2021 & 2031F |
3.6 Saudi Arabia Corn Wet-Milling Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Saudi Arabia Corn Wet-Milling Market Revenues & Volume Share, By Sources, 2021 & 2031F |
3.8 Saudi Arabia Corn Wet-Milling Market Revenues & Volume Share, By Equipment, 2021 & 2031F |
4 Saudi Arabia Corn Wet-Milling Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for corn-based products in Saudi Arabia |
4.2.2 Growth in the food and beverage industry in the region |
4.2.3 Government initiatives to promote domestic corn production |
4.3 Market Restraints |
4.3.1 Seasonal fluctuations in corn supply |
4.3.2 Price volatility in the corn market |
4.3.3 Competition from other grains and alternative products |
5 Saudi Arabia Corn Wet-Milling Market Trends |
6 Saudi Arabia Corn Wet-Milling Market, By Types |
6.1 Saudi Arabia Corn Wet-Milling Market, By End-product |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By End-product, 2021-2031F |
6.1.3 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Starch, 2021-2031F |
6.1.4 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Sweetener, 2021-2031F |
6.1.5 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Ethanol, 2021-2031F |
6.1.6 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Corn gluten meal & gluten feed, 2021-2031F |
6.1.7 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Others , 2021-2031F |
6.2 Saudi Arabia Corn Wet-Milling Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Feed, 2021-2031F |
6.2.3 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Food, 2021-2031F |
6.2.4 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Industrial, 2021-2031F |
6.3 Saudi Arabia Corn Wet-Milling Market, By Sources |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Dent corn, 2021-2031F |
6.3.3 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Waxy corn, 2021-2031F |
6.4 Saudi Arabia Corn Wet-Milling Market, By Equipment |
6.4.1 Overview and Analysis |
6.4.2 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Milling equipment, 2021-2031F |
6.4.3 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Steeping equipment, 2021-2031F |
6.4.4 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Centrifuge systems, 2021-2031F |
6.4.5 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Washing & filtration systems, 2021-2031F |
6.4.6 Saudi Arabia Corn Wet-Milling Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Corn Wet-Milling Market Import-Export Trade Statistics |
7.1 Saudi Arabia Corn Wet-Milling Market Export to Major Countries |
7.2 Saudi Arabia Corn Wet-Milling Market Imports from Major Countries |
8 Saudi Arabia Corn Wet-Milling Market Key Performance Indicators |
8.1 Corn production yield per acre |
8.2 Percentage of domestic corn used in wet-milling processes |
8.3 Investment in research and development for corn wet-milling technology |
9 Saudi Arabia Corn Wet-Milling Market - Opportunity Assessment |
9.1 Saudi Arabia Corn Wet-Milling Market Opportunity Assessment, By End-product, 2021 & 2031F |
9.2 Saudi Arabia Corn Wet-Milling Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Saudi Arabia Corn Wet-Milling Market Opportunity Assessment, By Sources, 2021 & 2031F |
9.4 Saudi Arabia Corn Wet-Milling Market Opportunity Assessment, By Equipment, 2021 & 2031F |
10 Saudi Arabia Corn Wet-Milling Market - Competitive Landscape |
10.1 Saudi Arabia Corn Wet-Milling Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Corn Wet-Milling Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |