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Corn Fiber Market Analysis
- Report ID: GMI4587
- Published Date: Feb 2023
- Report Format: PDF
Corn Fiber Market Analysis
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.
From a regional perspective, the Europe corn fiber market is estimated to grow at 10% CAGR during the forecast timeline, driven by the increasing number of health-conscious consumers, expansion of the regional food industry, and escalating textile exports. Germany, for example, has emerged as the fourth-largest textile and clothing exporter worldwide, and clothing and textiles are the second-largest consumer goods sector across the country. These factors will proliferate the sales of corn fiber fabrics and subsequently assert a positive influence on product development in the region.
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Corn Fiber Market Scope
