Strategic Review of Corn Starch Industry & Markets - Starch, Sweeteners and Co-Products Final Aug 2010

Report Summary

Strategic Review of Starch Processing Industry. Business, Markets, Technological trends and opportunities. SWOT and details of global players with focus to N.  America. Global list of companies in starch and sweeteners. Products, investment decisions, costs, markets, industry practices, strategies and industry insights. We also offer our insights in to current situation and how this industry operates. Our report # 1 is a very comprehensive document with detail information and industry data along with description of how industry or plants are managed.  Report includes detail review of several areas that cannot be found in other publications. It is also a very informative representation of production, markets, products, costs, capacity, players in the US and data sets of sweeteners, starch derivatives, co-products including the impact of trade regulations. None of this is available in any currently marketed reports, as we have attempted to compile in this report. In the last section of report is a complete list of global players of this industry. We provide deep insights into how this industry operates its costs, products and markets; an insider’s view with almost 100+ yrs. of experience of our associates.

Table Of Contents

I. EXECUTIVE SUMMARY.5

II. BRIEF OVERVIEWOF CORN AND WET MILLING PROCESS7
A. CORN 7
B. OVERVIEW OF CORNWETMILLING PROCESS 9

III. MARKETS13
A. FOOD & BEVERAGEMARKET PROFILE13
B. STARCH PRODUCTS SITUATION AND FORECAST15
C. SUPPLY AND DEMAND SITUATION 22
D. POTENTIAL CHANGES ANDMARKET DRIVERS.23
E. NATIVE AND MODIFIED STARCH PRODUCTS OVERVIEW 24
F. OVERVIEW OF MODIFIED STARCHES 27
G. MODIFIED STARCHMARKETS 36

IV. SWEETENERS AND MALTODEXTRINS 46
A. SWEETENERS 46
B. CORN SYRUPS – HFCS (HIGH FRUCTOSE CORN SYRUP) AND OTHER SYRUPS 46
C. MALTODEXTRINS 54

V. ETHANOL AND CO - PRODUCTS BRIEF REVIEW 59
A. ETHANOL  59
B. GROWTH OF FUEL ETHANOL AND ITS EFFECT ON THE INDUSTRY 63
C. CO-PRODUCTS: 64
D. ISSUES AND CHALLENGES 67

VI. COMPANIES IN NORTH AMERICA 69
A. COMPANIES AND PRODUCTS 69
B. CONSOLIDATION IN THE STARCH INDUSTRY 70
C. PRODUCTSMANUFACTURED BY CORN REFINERS 70
D. INDUSTRY CHOICES TO SUPPLY STARCH FOR POTENTIAL LARGE NEW APPLICATION.70
F. ANALYSIS OF STRENGTHS ANDWEAKNESSES OF PLAYERS (SWOT).74
G. PLAYERS - OTHER DIFFERENCES 78
H. INVESTMENT RISK AND DECISIONS 79
I. R & D INVESTMENTS 80

VII. COSTS 83
A. PRODUCT PROFITABILITY..83
B. COST OF PRODUCTION 84
C. MARGINS AND OVERHEAD 85 D. MANUFACTURINGMETRICS 86
E. PRICING INFORMATION 87
F. SHIPPING AND TRANSPORTATION 88
G. GOVERNMENT POLICIES AND ITS EFFECT ON PRICE .88
H. PROCESSING ASSETS AND IMPLICATIONS ON THEMANUFACTURING: .91

VIII. INDUSTRY CAPACITY 93
A. CAPACITY UTILIZATION ISSUES 93
B. EFFECT OF CAPACITY UTILIZATION ON COSTS 93