Corn Fiber Market size to exceed $1.4bn by 2026
Published Date: March 9, 2020 Authors: Kunal Ahuja, Amit Rawat
Corn Fiber Market size is set to surpass USD 1.4 Billion by 2026, according to a new research report by Global Market Insights, Inc.
Strong application potential supported by favorable functional properties and nutritional value will fuel the corn fiber industry growth in dietary applications. Low viscosity, pH & heat stability, and water solubility are among the key aspects driving the corn fiber usage in beverage applications. The product aids as a low-sugar and high fiber ingredient for products with low sugar content.
Corn fiber is widely served in the textile industry owing to its ability to act as a suitable alternative to synthetic fibers. These products are considered renewable as they are not derived from fossil sources. Factors such as superior eco-compatibility, high strength, excellent heat resistance, good air permeability, and UV light resistance along with high comfort are key attributes driving the product demand in textile applications. The trend towards environmental sustainability is further expected to foster the product demand in the forecasted time period.
Increasing product usage in animal feed production to foster corn fiber market growth
The soluble corn fibers play a critical role in animal nutrition in terms of laxation and stool quality. Rising consumer demand for animal protein has boosted the meat consumption across the globe which shall escalate the corn fiber market growth. An outbreak of several livestock diseases has urged meat & dairy product vendors to incorporate high-quality feed additives for better animal health which is expected to have a positive impact on the market demand. Moreover, a positive outlook for pet food as it a suitable source of energy will generate new growth opportunities.
“As per industry forecasts, corn fiber demand from animal nutrition segment is expected to record significant gains at over 11% by the end of 2026 pertaining to increasing demand for high-quality feed additives in animal nutrition”.
Browse key industry insights spread across 260 pages with 295 market data tables and 10 figures & charts from the report, “Corn Fiber Market Statistics 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], Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
Increasing application outlook in the food industry to strengthen the market expansion
Food applications is expected to register gains at about 12% up to 2026. Corn fiber is widely served in several food processing applications as the product helps in maintaining intestinal health, improving calcium absorption, supporting bone mineralization and preventing obesity & constipation, thus driving the market growth. In addition, the product is served in various processed foods, baked foods, frozen foods and salad dressings owing to their high fiber content and label-friendly nature, thus showing significant growth opportunities for industry expansion.
“As per the analysis, corn fiber market from food applications is forecasted to grow at about 12% from 2020 to 2026 owing to its nutritional gains.
Enhanced product adoption in food & beverage applications to accelerate Europe corn fiber market expansion
Corn fiber offers high fiber content which aids in improving the digestive tract. Also, the product offers prebiotic properties that support the production of healthy bacteria in the body, thus providing direct energy to the cells. In addition, the product does not affect the texture & taste of the food product which further improves the product usage across several applications in the food industry. Rising consumer inclination towards a healthy lifestyle coupled with an ongoing trend towards the adoption of natural ingredients pertaining to their optimum health benefits should foster the global industry expansion.
Major participants in the corn fiber market are Cargill Incorporated, Archer Daniels Midland Company, Grain Processing Corporation, Roquette Freres, Kerry Group and Tate & Lyle PLC. Major industry participants are engaged in various strategies and initiatives such as product innovations, acquisitions, and technological advancements to gain significant market share.
Explore More on Related Topics: