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Corn Fiber Market Size 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]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4587
  • Published Date: Feb 2023
  • Report Format: PDF

Industry Drivers

Corn Fiber Market size surpassed USD 895 million in 2022 and is anticipated to exhibit a 10% CAGR from 2023 to 2032, on account of the positive growth trajectory of the bakery sector.

Corn Fiber Market

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Corn fiber has gained popularity as a staple food item worldwide. With the changing lifestyle and the rising disposable income, the availability and accessibility to convenient foods including baked goods have increased. Over recent years, the bakery sector has become a critical part of the economy, especially in Europe. Based on statistics from the Open University Business School, in the UK, nearly half of the population consumes bread daily.

Despite the increasing product application scope, the availability of alternatives including inulin and pectin may create a hindrance to industry development to some extent. Inulin, for example, can boost the presence of beneficial bacteria in the gut and promote digestive health. These attributes led to its higher percentage share than corn fiber across the dietary fiber market. However, the strong focus on fitness and the high penetration of gyms and fitness centers will proliferate the intake of nutraceuticals and dietary fibers and subsequently create lucrative opportunities for corn fiber producers.

Bone disease burden and sustainability trends fuel corn fiber usage in pharma and textile applications

Global Corn Fiber Market Share By Application

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Based on the application, the corn fiber market share from the pharmaceutical segment is slated to register over 10% CAGR through 2032, due to the growing burden of osteoporosis. According to data from the CDC, this bone condition affects nearly 20% of women aged 50 years and above. Since soluble corn fibers can help enhance bone strength in post-menopausal women, the product’s usage in nutraceutical and pharmaceutical solutions will rise. Furthermore, the awareness about its effectiveness in chronic disease management including diabetes will bolster its demand for pharma applications.

Corn fiber industry size from the textiles application segment will exceed USD 680 million by 2032, as a result of the eco-friendliness and sustainability trend. Corn fiber fabrics have gained massive acceptance in non-woven, industrial textile, and home textile applications such as window coverings, diapers, and geotextiles. Despite this favorable business environment, inflationary headwinds and low export demand may limit home textile sales and in turn, assert a negative impact on corn fiber developers to a certain extent over the forthcoming years.

Escalating textile exports & health consciousness to augment corn fiber production in Europe

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market value of corn fiber surpassed USD 895 million in 2022 and is set to witness over 10% CAGR from 2023 to 2032, considering the positive growth trajectory of the bakery sector.

The pharmaceutical segment is slated to grow at 10% CAGR through 2032, owing to the growing burden of osteoporosis.

The market value for corn fiber in North America is projected to cross USD 910 million by 2032, given the mounting number of health-conscious consumers and high cancer prevalence.

Some of the prominent players operating in the market include Doshi Group, SunOpta, Inc., Grain Processing Corporation, Tate & Lyle PLC, Ingredion Incorporated, Cargill Incorporated, and Archer Daniels Midland Company.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 310
  • Countries covered: 20
  • Pages: 266

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