Corn Fiber Market size to cross $2 Bn by 2032

Corn Fiber Market size is estimated to reach USD 2 billion by 2032, according to a new research report by Global Market Insights Inc.
 

The report reveals that increasing animal exports will proliferate the usage of corn fiber to drive animal nutrition. Based on data from the Department of Agriculture, Fisheries, and Forestry, between 2019 and 2020, live cattle export value reached USD 1.3 billion in Australia. Since corn fiber is composed of starch, fiber, and protein, it is emerging as an ideal ingredient for animal feeds. Furthermore, this fiber plays a prominent role in weight control. The growing burden of obesity among children will therefore boost the consumption of corn fibers.
 

High consumption of baked goods and energy drinks will stimulate corn fiber production

The corn fiber market from food applications segment is expected to depict over 10% CAGR through 2032, owing to the rising demand for fiber-rich foods. In-store bakery sales have also been gaining momentum. As per estimates from the Food Industry Association, almost 95% of shoppers eat bakery items in-store occasionally, with 63% purchasing items weekly. Since dietary fibers are utilized in bread, cookies, and other bakery applications to improve texture and nutritional value, the intake of corn fiber-rich food is likely to grow.
 

The corn fiber market from the beverage applications will exceed USD 475 million by 2032, as a result of the high application scope in energy drinks, smoothies, juices, fortified waters, and other beverages. Despite supply chain disruptions due to the COVID-19 crisis, the energy drink sector is continuing to record profits. The growing preference for natural and clean ingredients is likely to generate substantial growth for corn fiber in functional beverages.
 

Browse key industry insights spread across 266 pages with 297 market data tables and 13 figures & charts from the report, “Corn Fiber Market Size By Application (Food [Bakery, Breakfast Cereals & Snacks, Confectionery, Dairy, Meat Products, Infant Food], Beverages, Pharmaceutical, Animal Nutrition [Swine, Ruminants, Poultry, Pet]), Textile [Apparels, Nonwovens, Home Textiles, Industrial Textiles]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/corn-fiber-market
 

High prevalence of cancer & health consciousness to augment corn fiber adoption in North America

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North America corn fiber market is projected to worth over USD 910 million by 2032, given the mounting number of health-conscious consumers. As per a poll conducted by OnePoll and Nutrisystem, over 70% of Americans have become more conscious of their physical health post the coronavirus pandemic. These trends, alongside the expanding sports nutrition sector, will result in an uptick in dietary supplement consumption and propel the production of corn fibers.
 

Cancer has also become a major health burden across the region. Based on a report from the Canadian Cancer Society, the number of people with or beyond cancer continues to grow to reach around 1.5 million. Since corn products are preferred over processed white flour-based foods to improve gut health and lower the risk of cancer and other chronic diseases.
 

Product range expansion initiatives by companies to remain a key growth strategy

Some of the leading players in the corn fiber market include Archer Daniels Midland Company, Doshi Group, HL Agro, J. Rettenmaier & Söhne GmbH & Co. KG, SunOpta, Inc., Grain Processing Corporation, Tate & Lyle PLC, Roquette Freres, and Cargill Incorporated and Ingredion Incorporated. These companies are focusing on product range expansions and other strategies to reinforce their presence in the market.
 

For instance, in September 2022, Cargill announced plans to launch a soluble corn fiber ingredient in 2023. This new ingredient, with an 80% fiber content, was designed to reduce sugar in baked foods, beverages, cereals, and other food applications. Similar initiatives from other key players are also predicted to strengthen the industry outlook.