From 2023 to 2033, the corn fiber market is expected to increase at an astounding rate. The global market is predicted to reach a valuation of US$ 0.7 billion in 2023, per the research report released by FMI. By 2033, it’s anticipated to exceed $3.16 billion USD. From 2023 to 2033, the market is anticipated to grow at a CAGR of 14.7%.
Several industries, including textile, pharmaceutical, food & beverages, animal nutrition, and others use corn fiber. A form of soluble fiber called resistant starch found in corn fiber has demonstrated a range of health advantages on consumption. Corn fiber has been found beneficial in blood sugar regulation and lowering cholesterol levels. Its prebiotic qualities lower the risk of heart disease and improve intestinal health. The escalating use of corn fiber in end-use industries is driving market growth. Additionally, the improving income levels and expanding global population contribute to market development.
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The concerns of consumers regarding the food they consume are rising globally. Consumers are becoming more aware and are prepared to pay extra for goods that they believe are better made and healthier. The increasing demand for high-quality animal products is predicted to foster growth in the market. Additionally, pet food items that are specifically designed to fulfill the specific nutritional requirements of various sorts of pets are in more demand.
To take advantage of new market trends, the key industry players are investing more money in marketing and research and development operations. Market players are spending more on research and development initiatives to capitalize on increasing trends in the food and beverage sector. They are working on products that follow the most recent dietary trends and properly optimize their marketing campaigns.
Key Takeaways from Corn Fiber Market Report:
- In 2018, the global market size stood at nearly US$ 0.23 billion.
- The market for corn fiber in Europe is projected to exhibit a CAGR of 10% from 2023 to 2033.
- Asia Pacific is anticipated to attain a significant market share during the forecast period. Due to the presence of key pharmaceutical companies. The expanding food and beverage industry and textile sectors are expected to further bolster the region’s market development.
- North America is likely to dominate the global market due to the presence of robust pharmaceutical and healthcare industries.
- The animal nutrition segment is likely to gain swift growth in the coming years.
Recent Developments Observed by FMI:
- In January 2023, Cargill commercialized a soluble maize fiber component. The new bulking ingredient has a minimal impact on the texture and color and has half the calories of sugar.
- Novozymes introduced the first enzymatic corn separation technique in November 2022. The new soluble corn fiber may be utilized in dairy products, cereals, drinks, baked goods, pet food, and confectionary items. Because of the discovery, producers are now able to run their corn mills more effectively, which has fundamentally altered the market. The first-generation enzyme, Frontia Fiberwash, assisted plants in producing more starch with less energy and carbon dioxide emissions.
Market Segmentation
Market by Application:
- Corn Fiber in Food
- Bakery
- Breakfast Cereals & Snacks
- Confectionery
- Dairy
- Meat Product
- Infant Food
- Corn Fiber in Beverages
- Corn Fiber in Pharmaceutical
- Corn Fiber in Animal Nutrition
- Swine
- Ruminants
- Poultry
- Pet
- Corn Fiber in Textile
- Apparels
- Nonwovens
- Home Textiles
- Industrial Textiles
Market by Region:
- Corn Fiber in North America Market
- Corn Fiber in Asia Pacific Market
- Corn Fiber in Europe Market
- Corn Fiber in Latin America Market
- Corn Fiber in the Middle East and Africa Market
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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