Corn Fiber Market by Category (Organic and Conventional), Application (Food & Beverages, Pharmaceutical, Animal Nutrition, Textile, and Others): Global Market Size Estimates and Forecast (2022-2030)

The market crossed US$ 812 million mark in 2022 and is expected to hit US$ 1,295 million by 2030, recording a CAGR of 6% during the forecast period.

Expanding utilization of corn fibers in pharmaceutical products is expected to drive market growth due to their nutritional contents. In addition, advancing consumption of corn fibers in the food & beverage industry will support the growth. High nutritional contents of these fibers have augmented their demand in dairy products, prepared foods, baked goods, and others. Wide usage in textile applications owing to its high durability, comfort, and eco-friendly nature and in animal nutrition products owing to the high protein contents of these fibers are expected to fuel the market growth. The organic segment is expected to rise the adoption of corn fiber due to the shift toward natural ingredients.  Further, other segments, such as conventional, is also expected to gain traction during the forecasted year.

Within the report, the market is segmented into category, application, and geography. By category, the market is further segmented into organic and conventional. Based on application, the market is divided into food & beverages, pharmaceutical, animal nutrition, textile, others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Growing demand for natural ingredients

Corn fibers are manufactured fibers created from naturally occurring plant sugars. They are made from seed coat and endosperm after starch, germ, and gluten extraction. Corn fibers have superior performance advantages generally associated with synthetic fibers while also retaining complementing properties of natural fibers. In recent periods, corn fibers have emerged as an environment-friendly substitute for synthetic fabrics. They are increasingly used not just in making clothes but also in home textiles and geotextiles.

Rising health consciousness among the consumers

Consumer inclination toward a healthy lifestyle associated with rising disposable income is anticipated to boost product demand. Moreover, the rising popularity of health and meal replacement drinks will likely support the corn fibers demand. The food & beverage industry is encouraging the use of corn fibers due to the benefits associated with it. Other industries such as pharmaceuticals, animal nutrition, and textile are also encouraging the use of corn fibers.

Recent strategic developments in corn fiber market

The corn fiber market has undergone several significant developments, and a few of these have been mentioned below:

• In In January 2017, ADM launched veggie fibers for snacks and meals.
• In September 2022, Cargill, Incorporated plans to introduce a soluble corn fiber ingredient in 2023, and the company has samples ready with them now.

The corn fiber market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Archer Daniels Midland Company, Cargill Incorporated, Doshi Group, Ingredion Incorporated, and J. Rettenmaier & Söhne GmbH & Co. KG are the prominent players operating in the market.

Target audience for the report:

• Raw material providers
• Corn fiber-related service providers
• Food & beverage-related associations, organizations, forums, and alliances
• Government bodies, such as regulating authorities and policy makers
• Venture capitalists, private equity firms, and start-up companies
• Corn fibers distributors and sales firms
• End users of corn fibers
• Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

• Category:
  • Organic
  • Conventional
• Application:
  • Food & Beverages
  • Pharmaceutical
  • Animal Nutrition
  • Textile
  • Others
• Region
  • North America
  • Europe
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa
• Companies profiled
  • Archer Daniels Midland Company
  • Cargill Incorporated
  • Doshi Group
  • Ingredion Incorporated
  • J. Rettenmaier & Söhne GmbH & Co. KG