The global corn fiber market size is predicted to exhibit staggering growth from 2023 to 2033. According to the research report published by FMI, the global market is projected to surpass a valuation of USD 0.7 billion in 2023. It is likely to surpass a valuation of USD 3.16 billion by 2033. The market is projected to exhibit a remarkable CAGR of 14.7% from 2023 to 2033. The expansion of the food and beverage industry substantially influences market growth.
Corn has an abundant supply and incurs minimal production costs. Corn starch is hydrolyzed by enzymes to generate corn fiber, a carbohydrate. Corn fiber finds application across several industries, including pharmaceutical, textile, animal nutrition, food & beverages, and others. Corn fiber is added to food products to increase their fiber content without altering the food’s flavor or texture. Although, soluble corn fiber is highly demanded by the food and beverage industry.
In the pharmaceutical industry, corn fiber has been found useful in improving insulin response, improving lipid metabolism, lowering blood glucose, and others. It enhances gut health and has prebiotic properties. Additionally, corn fiber helps in building and retaining calcium in bones in post-menopausal and adolescent phases. It has numerous health benefits, including lowering the risk of heart disease, maintaining bone mineralization, and improving intestinal health. The pharmaceutical industry is expanding, and these factors are expected to increase the demand for corn fiber in the coming years.
| Attributes | Details |
|---|---|
| Corn Fiber Market Share (2022) | USD 0.4 billion |
| Corn Fiber Market Share (2023) | USD 0.7 billion |
| Corn Fiber Market Share (2033) | USD 3.16 billion |
| Corn Fiber Market Share (2023 to 2033) | 14.7% |
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According to the report published on the corn fiber market, the demand and consumption of corn fiber are increasing every year. In 2018, the global market size stood at nearly USD 0.23 billion. In the following years from 2018 to 2022, the market witnessed monumental growth, accounting for a worth of USD 0.4 billion.
The increasing demand for corn fiber can be attributed to the expanding end-use industries. The rising global population and the improving income levels contribute to the market’s expansion. The construction of new hotels, restaurants, and food outlets further creates growth opportunities in the market. The growing concerns for animal health and nutrition further propel the demand for corn fiber.
The innovations in the pharmaceutical industry significantly uptick product demand. The rising demand for corn fiber capsules is a significant growth driver for the market. Additionally, the growing demand for corn fiber supplements that help in retaining calcium in bone further boosts the market.
The application of corn fiber is expected to rise in the animal nutrition industry due to several reasons:
Increasing Demand for High-quality Animal Products: Consumers are becoming more concerned about the quality of the food they eat. Moreover, they are willing to pay more for products that are perceived as healthier and of higher quality. This has led to an increase in demand for animal products that are raised sustainably and humanely. This requires proper nutrition for animals, thereby increasing the demand for corn fiber.
Expansion of the Pet Food Industry: The pet food industry is expanding, driven by the growth in pet owners globally. Corn fiber is used in manufacturing pet food. The increasing demand for high-quality pet food has led to increasing demand for specialized pet food products. Food items that meet the unique nutritional needs of different types of pets.
Advances in Animal Nutrition Science: In recent years, there have been significant advances in animal nutrition science. This has led to the development of more effective and efficient animal feeds. Thus, helping in improving the health and productivity of animals while reducing their environmental impact.
There are a few reasons why the demand for corn fiber is rising in the food and beverage industry:
Health Benefits: Corn fiber contains a type of soluble fiber called resistant starch, which has been shown to have several health benefits. This includes lower cholesterol levels and improved blood sugar control. As a result, manufacturers in the food and beverage industry are adding corn fiber to their products to appeal to health-conscious consumers.
Cost-effectiveness: Corn fiber is a relatively less expensive ingredient compared to other fiber sources, such as psyllium or oat bran. Therefore this makes it an attractive option for manufacturers looking to add fiber to their products without increasing costs.
Increased Interest in Fiber: Consumers are becoming more aware of the importance of fiber in their diets and are actively seeking out foods that are high in fiber. Corn fiber is a good source of dietary fiber, and as a result, its popularity is rising in the food and beverage industry.
The textile industry is demanding more corn fiber due to its unique properties and sustainability advantages. Corn fiber can be produced from corn waste, such as leaves, stalks, and cobs. This makes it an eco-friendly and sustainable option for the textile industry. Corn fiber has a soft and comfortable feel, which makes it an attractive option for clothing and other textiles that come in contact with the skin. It also has exemplary moisture-wicking properties, which makes it ideal for sportswear and other textiles that need to manage sweat and moisture. It is durable and resistant to wear and tear, which makes it a good option for textiles that need to withstand frequent use and washing.
Principal Consultant
According to the FMI analysis, the market for corn fiber in Europe is anticipated to expand at a CAGR of 10% from 2023 to 2033. The growth can be attributed to several factors such as the expanding regional food industry, rising numbers of health-conscious consumers, and increasing textile trade. Corn is a renewable resource that can be grown locally in Europe, which makes it an attractive option for manufacturers who want to source their ingredients sustainably. Using corn fiber in their products also helps to reduce waste in the corn industry by utilizing parts of the corn plant that otherwise go to waste.
The European Union has set targets for reducing food waste and increasing the use of renewable resources. These targets are creating a regulatory environment for using corn fiber in food products, and are likely to help in the market’s expansion.
Asia Pacific is anticipated to attain a significant market share during the forecast period. The presence of key pharmaceutical companies in India, China, Japan, and others boosts the demand for corn fiber. Combined with the expanding food and beverage industry and textile sectors, the demand for corn fiber is anticipated to increase multi-fold in the coming years. India is a huge producer of corn. The expanding demand for corn fiber to supplement animal feeds is expected to uptick market growth in India. The increasing concerns for animal welfare and nutrition are also expected to augment the region’s market growth.
The key players operating in the market are spending more money on research and development activities and marketing to gain an advantage over emerging market trends. In order to take advantage of growing trends in the food and beverage industry, market players are investing more in research and development activities. The manufacturers are being compelled to develop unique and organic solutions as the market gets more competitive. They are developing solutions that track the most recent dietary trends and optimize their marketing strategies appropriately. Additionally, the players operating in the market are emphasizing fortifying their online retail channels to reach a broader audience and capture a substantial market share.
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Regions Covered | The Middle East and Africa; Europe; North America; Latin America; Asia Pacific |
| Key Segments Covered | Application, Region |
| Key Companies Profiled | Grain Processing Corporation; Doshi Group; Archer Daniels Midland Company; Cargill Inc.; Tate & Lyle PLC; Roquette Freres; HL Agro Products Pvt. Ltd.; SunOpta Inc.; Ingredion Incorporated; J. Retentate & Sohne GmbH & Co. KG |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The growth potential of the market is 14.7% CAGR through 2033.
The market was valued at USD 0.4 billion in 2022.
The rising adoption of healthy lifestyles is the key opportunity.
Increasing application of corn fiber in bakery products.
Doshi Group, Cargill Inc., and SunOpta Inc. are the key market players.
1. Executive Summary | Corn Fiber Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Organic 5.2. Conventional 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Powder 6.2. Liquid 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Food 7.1.1. Bakery 7.1.2. Breakfast Cereals & Snacks 7.1.3. Confectionery 7.1.4. Dairy 7.1.5. Meat Products 7.1.6. Infant Food 7.2. Beverages 7.3. Pharmaceutical 7.4. Animal Nutrition 7.4.1. Swine 7.4.2. Ruminants 7.4.3. Poultry 7.4.4. Pet 7.5. Textile 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Archer Daniels Midland Company 16.2. Cargill Inc. 16.3. Tate & Lyle PLC 16.4. SunOpta Inc. 16.5. J. Retentate & Söhne GmbH & Co. KG 16.6. Roquette Frères 16.7. HL Agro Products Pvt. Ltd 16.8. Ingredion Incorporated 16.9. Doshi Group 16.10. Grain Processing Corporation 17. Assumptions & Acronyms Used 18. Research Methodology
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