The corn fiber market share is expected to benefit from a trend toward healthier eating habits and increased disposable income, as well as the product’s widespread availability.
From 2023 to 2033, the worldwide maize fibre market is expected to rise at an astounding rate. According to an FMI research analysis, the global market is expected to exceed a worth of US$ 0.7 billion in 2023. By 2033, it is expected to be worth more than US$ 3.16 billion. From 2023 to 2033, the market is expected to grow at a phenomenal 14.7% CAGR. The expansion of the food and beverage industry has a significant impact on market growth.
Consumer attitudes toward nutrition are changing, and there is a growing demand for high-quality components, which is anticipated to boost the market growth, pushing the demand for corn fiber.
Corn fibre demand is expected to rise due to a lower risk of heart disease and numerous cancers, as well as maintaining intestinal health, increasing bone mineralization, and improving calcium absorption in the body. As a result, pharmaceutical businesses are increasingly employing soluble maize fibre, which is increasing maize fibre sales.
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Corn fiber provides numerous health benefits as it helps to maintain the body’s fiber content. Consumer awareness of the health advantages of fibers is driving demand for corn fiber among customers of various appropriateness levels.
During the teenage and postmenopausal years, fiber aids calcium absorption and retention in the bones. It has prebiotic qualities that help the intestines work better, raising the sales of corn fiber.
Key Takeaways from the Corn Fiber Market Study:
- Over the forecast period, pharmaceutical applications are likely to grow at a CAGR of 7.2%. It is commonly used in supplement manufacture because of its easy digestion and high content of calcium and minerals, pushing the sales of corn fiber
- Up to 2026, the corn fiber market share in North America is expected to grow by more than 16.4%. Consumer attitudes on nutrition are shifting, and improving living standards, combined with rising obesity and cardiovascular death rates, should raise product demand.
- Demand for Corn fiber is likely to be boosted by changing dietary habits, nutrition attitudes, and a growing young population, as well as a quick shift toward high-quality foods.
- The Asia Pacific corn fiber market size is likely to be driven by rising demand for corn fibers as a value-added ingredient by 2032.
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“Market players are investing in R&D to create innovative products in order to maintain their market position. Manufacturers are also focusing on implementing technological advancement to improve production efficiency.” -Lead Analyst at FMI.
How’s the competitive landscape of Corn Fiber Market?
Who is winning?
With the increasing growth of the Internet in every part of the globe, consumers are becoming more aware of the benefits and functional qualities of corn fiber. As a result, food and beverage companies are turning to e-commerce to expand their global reach and presence in the corn fiber market.
Key Competitors:
Some of the leading companies offering corn fiber are Archer Daniels Midland Company, Cargill Inc., Tate & Lyle PLC, SunOpta Inc., J. Retentate & Söhne GmbH & Co. KG, Roquette Frères, HL Agro Products Pvt. Ltd., Ingredion Incorporated, Doshi Group, Grain Processing Corporation, and others.
Recent Market Developments:
- Cargill announced intentions to invest USD 35 million in Europe to enable the manufacturing of soluble fibers, as part of a drive to diversify its portfolio of starches, sweeteners, and texturizers, in October 2019. Cargill expects its soluble fiber products to be accessible in Europe by 2021 as a result of this expansion strategy.
- Ingredion introduced a new line of dietary fibers that is both affordable and innovative. The VERSAFIBE dietary fiber line is designed to reduce calories in pasta, baked foods, and extruded items while still providing fiber fortification. This product launch project has aided the company in satisfying increased demand in the retail and foodservice sectors for fiber fortification and calorie and carbohydrate reduction.
- Tate & Lyle has added soluble fiber to its promitor, also known as soluble fiber, soluble corn fiber and dietary. This pushes the demand for corn fiber in new regions.
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Get Valuable Insights into Corn Fiber Market
FMI, in its new offering, provides an unbiased analysis of corn fiber presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).
Corn Fiber Market by Category
By Type:
- Liquid
- Powder
By Application:
- Beverage Industry
- Food Industry
- Breakfast Cereals & Snacks
- Bakery
- Dairy
- Confectionery
- Infant Food
- Meat Products
- Pharmaceutical
- Textile
- Nonwovens
- Apparels
- Home Textiles
- Industrial Textiles
- Animal Nutrition
By Distribution Channel:
- Hypermarket/Supermarket
- Specialty Stores
- Online Stores
- Other Distribution Channels
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