Global Corn Bran Market - 2023-2030

Global Corn Bran Market - 2023-2030

Market Overview

The global corn bran market reached US$ 2,534.3 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 3,415.3 million by 2030. The market is growing at a CAGR of 3.8% during the forecast period (2023-2030).

Key players in the corn bran market are expanding the uses for corn bran by conducting and funding extensive, ongoing research and development. Global corn bran market players have a wide range of opportunities to the growth of online retail. Additionally, factors like consumer awareness of their food choices, rising per capita income, and consumers' capacity for and willingness to try new products give market players a tremendous opportunity in the corn bran market. The amount of fibre and overall nutritional level in the human body is declining as a result of changing lifestyles and eating habits. This offers key market players in the corn bran market good opportunities.

Market Dynamics

Increasing Demand For Healthy & Nutritious Food Products Is Expected To Drive The Market Growth

The primary factor fueling the global market for corn bran is the notable rise in the nutritional content of food products in virtually every region of the world. The corn bran market is being driven by businesses and producers who are working to offer consumers more nutritious corn bran. The popularity of corn and its numerous uses in the nutraceutical industry are also driving the corn bran market. Additionally, there has been a noticeable increase in the production of various blends and mixtures in food items, which is promoting the expansion of the corn bran market. Most people around the world are concerned about giving their cattle and livestock nutritional products. For instance on May 14, 2021, Biochemical and nutritional profile of maize bran-enriched flour released the research studies on corn bran. Maize bran (MB) was added with the different proportions of 0% control (WF), 5% (MB5), 10% (MB10), and 15% (MB15) in wheat flour to develop maize bran-enriched flour.

COVID-19 Impact Analysis

The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it to pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).

Artificial Intelligence Analysis

Artificial intelligence (AI) can play a role in many aspects of the production and use of corn bran. AI can be used to analyze the quality of corn bran and ensure that it meets certain standards. For example, machine learning algorithms can be trained to identify defects in corn bran such as foreign material or damaged kernels. AI can be used to optimize the yield of corn bran during the milling process. Machine learning algorithms can analyze data on factors such as moisture levels, temperature, and processing time to identify the most efficient settings for producing high-quality corn bran products.

Segment Analysis

The global corn bran market is segmented based on nature, application, distribution channel and region.

The Organic Corn Segment Accounted For The Highest Share Of The Global Corn Bran Market

Organic corn bran refers to corn bran that has been produced without the use of synthetic fertilizers, pesticides, or other harmful chemicals. Organic production methods are focused on preserving the natural environment and promoting soil health, which can result in a healthier and more nutrient-rich product. Organic corn bran is becoming increasingly popular as consumers are becoming more aware of the potential health risks associated with conventional farming practices. Organic corn bran is typically higher in nutrients such as fiber, protein, and vitamins than conventionally grown corn bran, and it is free from harmful chemicals which further drives the organic segment in the forecast period.

In order to be certified as organic, corn bran must be produced according to strict standards set by organizations such as the USDA National Organic Program. These standards include requirements such as using organic seeds, avoiding the use of synthetic fertilizers and pesticides, and maintaining soil health through practices such as crop rotation and composting.

Geographical Analysis

Asia Pacific Holds The Major Share In The Global Corn Bran Market

In 2022, Asia Pacific had the largest share—more than 30%. The production and consumption of corn bran in the Asia Pacific region is significant due to the high demand for animal feed and increasing awareness of the health benefits of corn bran for human consumption. China is the largest producer of corn in the Asia Pacific region, and much of the corn produced is used for animal feed. As a byproduct of corn processing, corn bran is a valuable feed ingredient due to its high fiber content and low cost. The demand for corn bran in China is expected to grow in the coming years as the country seeks to increase its pork production. In addition to its use in animal feed, corn bran is also used for human consumption in the Asia Pacific region. Corn bran is a rich source of dietary fiber, and its consumption is associated with a range of health benefits such as improved digestive health and reduced risk of chronic diseases. In countries such as Japan and South Korea, corn bran is used in a variety of food products such as noodles, bread, and snacks.

Competitive Landscape

The major global players in the market include Cargill, Incorporated, Grain Processing Corporation, Didion, Inc., Sunflakes Food Products Pvt. Ltd., Grain Millers, Inc., AGRANA Beteiligungs-AG, Bunge North America Inc., Grain Millers, Inc., Lifeline Foods LLC, and Prorich Agro Foods.

Why Purchase the Report?
• To visualize the global corn bran market segmentation based on nature, application, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of corn bran market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global corn bran market report would provide approximately 69 tables, 71 figures and 195 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies