Corn Fiber Market

Corn Fiber Market Value, Growth (2023-2028)

Corn Fiber Market was worth US$ 765 million in 2023 and is anticipated to reach the valuation of US$ 2300 million by 2028 and is predicted to register a CAGR of 13.89% during 2023-2028.

Corn Fiber Market Overview:

Corn starch is enzymatically hydrolyzed to generate corn fiber, which is a carbohydrate. It can be found in various beverages, dishes, baked items, fruit beverages, and dairy products. These fibers typically increase fiber content without losing texture or flavor. Corn fibers are also becoming more popular in textile applications since they are environmentally friendly, provide great comfort, and are stain and heat-resistant. It's also utilized in cosmetics and animal feeding. Corn fiber, also known as ingot fiber, is a newly discovered environmentally beneficial textile fiber with strength, comfort, and moisture control features.They are a perfect option for synthetic materials due to their natural appearance and positive attributes like ease of wear, mild comfort, outstanding drape, and low odor retention, which is growing their demand in the worldwide textile market. Aside from that, the growing demand for green textiles and manufacturers' desire for bio-based products derived from a naturally renewable resource has expanded maize fiber utilization in textile applications.

Corn Fiber Market Growth:

The Corn Fiber Market is being driven due to consumers' increasing demand for high-quality ingredients. These factors are anticipated to contribute to the Corn Fiber Market growth.

REPORT COVERAGE:

Corn Fiber Market Drivers:

Corn fiber has several health benefits since it aids in the maintenance of the body's fiber levels. Corn fiber is in high demand among customers of various appropriateness due to rising consumer knowledge of the health benefits of fibers. During the adolescent and postmenopausal stages, fiber aids in synthesizing calcium and preserving calcium in the bone. It contains prebiotics, which aids in the proper functioning of the intestines. Corn fiber is commonly used in the creation of food supplements because of its high fiber content, which facilitates digestion, lowers blood glucose and insulin response, improves metabolism, and provides essential minerals. Because of the high protein content in maize fiber, which aids muscle building and recovery, it is gaining favor in the fitness industry. The beginnings of the Corn Fiber market are said to be in the animal feed and textile sectors. Leading manufacturers are eager to promote their core products by providing consumers with utilities. As a result, market participants are diversifying their business operations and increasing the spectrum of applications. Corn fibers, utilized as nutritional additives in livestock feed for chickens, fisheries, ruminants, and pigs, boost the immune system's resistance to air and waterborne infections. The usage of maize fiber in this industry is fueled by a growing understanding of animal nutrition and well-being.Furthermore, corn fibers are becoming increasingly popular in the textile sector. The key driving elements that make the fibers agreeable are their exceptional comfort, heat resistance, stain resistance, and eco-friendliness. As a result of all of these reasons, the worldwide Corn Fiber Market is predicted to grow in value and volume during the forecast period. These factors are anticipated to propel the Corn Fiber Market's growth.

Corn Fiber Market Restraints:

Climatic conditions which lead to unstable yield and production are some of the factors which are holding back the Corn Fiber Market growth.

Recent Developments in the Corn Fiber Market:

Archer Daniels Midland Company, a global leader in nutrition and agricultural organization and processing, announced in December 2021 that it had purchased flavor infusion International, S.A. (FISA), a full-range provider of flavor and specialty ingredient solutions for customers in Latin America and the Caribbean.

Corn Fiber Market Segmentation: 

By Application:

• Food & Beverage

• Pharmaceutical

• Animal Feed

• Textiles

by application

• Food & Beverages

• pharmaceuticals

• animal feed

• textiles

The application segment of the Corn Fiber market is dominated by pharmaceuticals, with the highest market share. By 2028, the pharmaceutical application segment is expected to reach USD 195 million. Corn fibers are high in vitamins, calcium, and carbohydrates, all of which help to boost the immune system, making them a desirable ingredient in pharmaceuticals. Aside from that, major functional benefits like enhanced lipid metabolism reduced blood glucose, and improved insulin response are anticipated to boost product penetration in the pharmaceutical sector.

The segment will rise due to the rising demand for maize starch as an excipient in pharmaceutical raw materials and filler components for tablets. Furthermore, rising consumer knowledge of product benefits and increased use of natural components in pharmaceuticals, health, and cosmetic goods will boost corn fiber market growth. For example, pharmaceutical businesses utilize corn fiber oil to convert sterols to steroids because it includes valuable phytosterols. Furthermore, medical research supports maize fiber's significance in disorders like women's bone health, bladder infections, and heart disease, increasing its use in the pharmaceutical business.

By Color:

• Black

• White

Black color segment is expected to have the largest shares in the coming years. Growing awareness over the health benefits of corn fiber is likely to boost the growth rate of the black corn fiber market. White is deemed to have t significant growth opportunities in the forecast period.

By Seed Form

• Raw Seed

• Processed Seed

The processed seed segment is leading with the dominant shares with the rising consumers across the world. Raw seed is having significant growth opportunities in the forecast period. 

Corn Fiber Market Regional Analysis 

North America

• U.S. 

• Canada

North America Corn fiber market value is expected to reach USD 706 million by 2028, owing to shifting consumer attitudes about nutrition, rising living standards, and rising obesity and cardiovascular mortality rates. Business participants in the region are aggressively spending on R&D in order to diversify their product portfolios, establish brand recognition, and expand their client base, all of which are expected to help the maize fiber industry thrive. Furthermore, corn is abundant in the United States, as the country is the world's greatest corn grower, producing over 383 million tonnes of maize in 2021.

Market sales are projected to benefit from increased demand for meat items. The demand for the product is high in the United States and Canada, as both countries are big producers of beef products and have widespread appeal in the region. In addition, rising demand for high-quality and nutritional animal feed and increased awareness of the importance of fiber consumption in animals will boost regional corn fiber market share. Furthermore, the strict regulatory environment for clean-label feeds has focused on maize-based feed components.

 Europe

•  U.K.

• France

• Germany

• Netherlands

• Russia

• Italy

Europe is plagued by a fragmented industry that has been slow to adopt new production techniques, resulting in higher maize fiber pricing per capita in Europe than in North America. Furthermore, rising demand for dairy products, livestock-related diseases, and increased consumer awareness of the quality of final animal products are all projected to raise market demand.

 Asia Pacific

• India

• China

• Japan

In 2019, the Asia Pacific corn fiber market is accounted for a sizable revenue share, likely growing at the fastest CAGR throughout the forecast period. The market is expected to increase over the forecast period due to the presence of important pharmaceutical manufacturers in the region and the rising textiles industry. Because of the country's large-scale maize production and well-established application sectors, the market in China is expected to grow at a moderate rate. However, the country's manufacturing industry has been impeded by the current coronavirus epidemic, which has had a detrimental impact on the market. However, with a decrease in the impact of the coronavirus, demand is likely to improve starting in the second quarter of this year. Thus the global Corn Fiber market is expected to grow further in the forecast period.

Corn Fiber Market Key Players

1. Archer Daniels Midland Company

2. Ingredion Incorporated

3. Roquette Frères

4. Tate & Lyle PIc

5. HL Agro Products Pvt. Ltd

6. Doshi Group

7. Grain Processing Corporation

8. SunOpta

9. J. Retentate & Söhne GmbH & Co. KG

10. Monsanto Company