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Corn Fiber Market Size, Share and Industry Analysis Report by Application (Food [Bakery, Breakfast Cereals & Snacks, Confectionery, Dairy, Meat Products, Infant Food], Beverages, Pharmaceutical, Animal Nutrition [Swine, Ruminants, Poultry, Pet]), Textile [Apparels, Nonwovens, Home Textiles, Industrial Textiles]), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4587
  • Base Year: 2021
  • Report Format: PDF

Industry Overview

Corn Fiber Market size exceeded USD 790 million in 2021 and is estimated to grow at over 13% CAGR from 2022 to 2028. Steady growth of functional beverages industry along with demand for natural ingredients in pharmaceutical and animal nutrition products should increase the product demand.
 

corn fiber market outlook

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Increasing consumer consciousness towards healthy living along with supportive government regulations will drive the corn fiber market share. Rise in working population across the globe coupled with shifting consumer preferences towards replacement drinks such as probiotic drinks, energy drinks, sports drinks, meal replacers, etc. will further stimulate product demand in functional beverages.
 

Corn fiber also known as ingeo fiber is a new development in the eco-friendly textile industry that is naturally extracted fiber with characteristics such as strength, comfort, and moisture management. They are a perfect replacement for synthetic material owing to their natural appearance and beneficial properties such as ease to wear, gentle comfort, perfect drape, and low odor retention thus escalating their demand in the global textile market. Apart from this, the increasing demand for green textiles along with manufacturers’ inclination toward bio-based products derived from a naturally renewable resource has boosted the consumption of corn fibers in textile applications.
 

Favorable government regulations & policies along with adoption of natural ingredients in pharmaceuticals, functional food, and beverages will support the product penetration rate. Product development is focused on improving the efficiency of corn fiber for food applications such as stability in high-temperature and shearing processes. Also, different government initiatives for eco-friendly fabric have promoted the apparels industry to go through various reforms as well as to replace petroleum-based polymer with natural polymers.
 

Increasing consumption of pharmaceutical and dietary supplements to drive the market demand globally

corn fiber market by application

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Based on application, corn fiber market is segmented into food, beverages, pharmaceutical, animal nutrition, textiles, and others. The pharmaceutical application segment is anticipated to cross USD 195 million by 2028. Corn fibers are high in vitamins, calcium, carbs that will help to enhance the immune system making them a preferable component of pharmaceutical products. Besides, key functional benefits such as improved lipid metabolism, lower blood glucose & insulin response are likely to augment the product penetration in the pharmaceutical industry
 

Increasing demand for corn starch as an excipient in pharmaceutical raw materials and filler materials for tablets will drive the segment growth. Moreover, increasing consumer awareness regarding product benefits along with growing utilization of natural ingredients in medicines, health, and beauty products will favour the corn fiber market growth.
 

Corn fiber oil contains valuable phytosterols, which are used by pharmaceutical companies for converting the sterols to steroids. Besides, medical studies support the role of corn fiber in diseases such as women’s bone health, bladder infections, and heart disease thus promoting its usage in the pharmaceutical industry.
 

Increase in meat products along with rising demand for animal nutrition to drive product demand in North America

corn fiber market by region

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North America corn fiber market value is anticipated to cross USD 706 million by 2028 owing to the changing consumer perceptions on nutrition and rising living standards coupled with rising obesity and cardiovascular mortality rates. Industry players in the region are rapidly investing in R&D to diversify product portfolio, gain brand recognition, and broaden customer base which is likely to boost corn fiber industry growth. Moreover, corn is abundantly available in the U.S., as the country is the largest corn producer in the world, with over 383 million tons of maize production in 2021.
 

The increasing demand for meat products is expected to positively impact the market sales. The product demand is significant in the U.S. and Canada as both countries are the major producers of meat products as well as their popularity in the region. Further, the augmenting requirements for high-quality and nutritional animal feed along with growing awareness related to the importance of fiber intake in animals will augment the regional corn fiber market share. Further, stringent regulatory environment for clean-label feeds has directed focus on feed ingredients containing maize.
 

New product development along with acquisition, and expansion is among the primary business strategies adopted by manufacturers

Corn fiber industry share is a fragmented market owing to the presence of various global as well as local companies regulating industry growth. Some of the key players in the market include Archer Daniels Midland Company, Cargill Incorporated, Ingredion Incorporated, Roquette Freres, Taste & Lyle PLC, Grain Processing Corporation, SunOpta, Inc., J. Rettenmaier & Sohne GmbH & Co. KG, HL Agro, Doshi Group. The key players in the market are mainly focusing on new product launches, acquisitions, and expansion in developing and developed economies to capture a good market share.
 

In December 2021, Archer Daniels Midland Company, the global leader in nutrition and agricultural organization and processing, announced that it has acquired flavor infusion international, S.A. (FISA), the full-range provider, of flavor and specialty ingredient solutions for customers across Latin America and the Caribbean.
 

The corn fiber market report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo Tons and revenue in USD Million from 2022 to 2028 for the following segments:

By Application

  • Food
    • Bakery
    • Breakfast Cereals & Snacks
    • Confectionery
    • Dairy
    • Meat Products
    • Infant food
  • Beverages
  • Pharmaceutical
  • Animal Nutrition
    • Swine
    • Ruminants
    • Poultry
    • Pet
  • Others (Personal care & cosmetics)
  • Textile
    • Apparels
    • Nonwovens
    • Home Textiles
    • Industrial Textiles
  • Others (Medical, Automotive)

The above information has been provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Corn fiber market revenue is slated to surpass USD 1.8 billion by 2028 and could grow at a CAGR of 13% from 2022 to 2028 driven by rising demand for natural ingredients in animal nutrition products and pharmaceuticals.

Corn fiber market revenue from pharmaceutical application is poised to surpass USD 195 million by 2028 owing to benefits such as lower blood glucose & insulin response, and improved lipid metabolism.

North America corn fiber industry revenue is estimated to exceed USD 706 million over 2022-2028 with increasing rates of obesity and cardiovascular mortality, rising living standards, shifting consumer perceptions on nutrition.

Key corn fibers industry players include Cargill Incorporated, Doshi Group, Taste & Lyle PLC, Archer Daniels Midland Company, SunOpta, Inc., and Grain Processing Corporation among others.

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Premium Report Details

  • Published Date: Mar 2022
  • Companies covered: 10
  • Tables & Figures: 307
  • Countries covered: 21
  • Pages: 270

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