Global Corn Fiber Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Corn Fiber Market Introduction:

Corn fiber is a byproduct of corn. It is composed of cellulose, hemicellulose, lignin, and cereal straws. Corn's are harvested in the form of an ear, with its husks removed. The cobs are then dried for later use as animal feed or bedding. Corn fiber is an ingredient typically found in cereal, granola bars, and energy bars. It is the fragmented endosperm of the corn kernel that has been separated from the starch. Corn fiber helps maintain gastrointestinal health, supports immune function, and reduces constipation.

Request Covid - 19 Impact

Corn fiber is produced by fermenting simple plant sugars to create a range of textile products and applications. While the fiber itself comes from cornstarch, which is fermented to produce lactic acid (the basis of the polymer), it is not "natural" because there is a chemical transformation. However, it is considered "renewable" because it is not derived from fossil products.

Evolving consumer perceptions of nutrition and increasing demand for high-quality ingredients is expected to fuel the market revenue growth. The shift towards healthy eating habits, increasing disposable income, and the easy availability of the product are likely to boost the corn fiber industry. Corn fiber is the first choice for animal nutrition because it is rich in carbohydrates and protein. Additionally, corn fiber helps maintain gut health, supports bone mineralization, increases calcium absorption in the body, and has also been linked to a reduced risk of heart disease and certain cancers. As a result, soluble corn fiber is increasingly being used by pharmaceutical companies, bringing vitality to the corn fiber industry. Food processing companies also use soluble corn fiber. The growing demand for corn fiber in the food and beverage industry is driving the growth of the corn fiber industry.

Global Corn Fiber Market Revenue Outlook:

Global Corn Fiber Market was valued at US$ 758 Mn in 2020 and is projected to register а САGR of 15.2% by 2031.

Increasing demand for corn fiber in several end-use industries

Corn fiber is a product that is used as a thickening agent in food industries. It can be found in many products such as soups, sauces, and ice cream. The demand for corn fiber has increased because of its versatility and low cost. Fiber is used in manufacture of supplements because it is easy to digest and rich in fiber, calcium and minerals. The main benefits of corn fiber, such as improved lipid metabolism, lower blood sugar and insulin response, may increase the penetration of the product in the pharmaceutical industry. Furthermore, its high protein concentration helps build and maintain lean muscle and bones, which will trigger the market demand for corn fiber.

Key opportunities for growth in the Corn Fiber market

The use of corn fiber as a dietary supplement in livestock feeds such as poultry, fisheries, ruminants, and pigs boosts the immune system's ability to fight air- and water-borne diseases. Increased awareness of animal food and animal well-being and nutrition has driven the adoption of corn fiber in the industry. Corn fiber is rapidly being used in the textile industry, and the key drivers are ultra-comfort, heat resistance, stain resistance and environmental friendliness, making textiles comfortable to wear

COVID-19 Impact Analysis

The sharp drop in corn prices in the early days of the COVID-19 pandemic hit traders, analysts and consumers alike. Typically, corn prices held a risk premium into the U.S. heading into the summer growing season, but prices fell quickly due to massive demand destruction and speculative shorts. According to USDA, the latest figures indicate that approximately 65% ​​of the corn produced globally is destined for animal feed. However, demand for corn feed fell sharply as many meatpacking plants in the U.S. were initially forced to shut-down due to the spread of COVID-19.

Global Corn Production from 2017-2020 (Million Metric Tons)

Source: Prudour, 2021

Regional Analysis

The North America region in corn fiber market is expected to account for significant market share among others

The North American market holds the leading market position in corn fiber, followed by Europe and Asia. The efficiency of the North American economy is a key factor in their market dominance. The efficiency of Europe is hindered by a fragmented sector that has been slow to adopt modern production techniques, driving up per capita corn fiber prices in Europe relative to North America. In addition, rising demand for dairy products, the prevalence of livestock-related diseases, and increasing awareness of the quality of final animal products are likely to stimulate market demand. Corn fiber is widely used to supplement the diets of ruminants, poultry, and pigs because it helps boost the immune system against air- and water-borne diseases. Additionally, growing concerns about animal rights, nutrition, and well-being are likely to boost the corn fiber market.

Top 10 Corn Producing Countries

1. United States

2. China

3. Brazil

4. Europe

5. Argentina

6. Ukraine

7. Mexico

8. India

9. Russia

10. Canada

11. South Africa

12. Indonesia

13. Philippines

14. Serbia

15. Nigeria

Competitive Landscape

A list of the major leading players operating in the corn fiber market are mentioned below:

• Archer Daniels Midland Company

• Ingredion Incorporated

• Roquette Frères

• Tate & Lyle PIc

• HL Agro Products Pvt. Ltd

• Doshi Group

• Grain Processing Corporation

• SunOpta

• J. Retentate & Söhne GmbH & Co. KG

• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031

• Actual Year: 2021

• Historical Data Available for: 2015-2020

Key Segments Covered

Global Corn Fiber Market, By Type

• Liquid Syrup

• Granules

• Others

Global Corn Fiber Market, By Industry Vertical

• Food & Beverage

• Textiles

• Animal Nutrition

• Personal Care & Cosmetics

• Automotive

• Pharmaceuticals

• Other Industry Verticals

Global Corn Fiber Market, By Distribution Channel

• Hypermarket/Supermarket

• Specialty Stores

• Online Stores

• Other Distribution Channels