Corn Fiber Market Size

Corn Fiber Market Size

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.

To get key market trends

  Download Free Sample

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.