The forecast for wet corn milling turnover in the US from 2024 to 2028 indicates a gradual increase, rising from $12.716 billion in 2024 to $12.982 billion in 2028. While the turnover in 2023 was slightly below 2024's figure, the projected year-on-year growth rate approximates 0.5%, underscoring modest but steady industry expansion. The compound annual growth rate (CAGR) over the five-year forecast period stands at approximately 0.5%.
Future trends to watch include advancements in wet corn milling technology, shifts in demand for corn-derived products, and changes in relevant environmental regulations. These factors could considerably impact the industry's growth trajectory going forward.
