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Sep 25, 2020 (AmericaNewsHour) —
The global Dry Milling market was valued at USD 64.32 billion in 2016 and is projected to reach USD 102.38 billion by 2025, growing at a CAGR of 5.3% from 2017 to 2025.
Dry Milling of corn is becoming of great importance. The varied uses of product obtained from dry milling are boosting market demand. The usage of these products in the manufacturing of fortified animal feed and in the manufacturing of bioethanol is expected to boost market demand over the forecast period.
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1. Market Drivers
1.1 Corn is one of the important ingredients in animal feed
1.2 Growing demand for corn ethanol
2. Market Restraints