Global Corn Bran Market Report and Forecast 2023-2028

Global Corn Bran Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global corn bran market reached a volume of 9094 KMT in 2022. Aided by the increasing demand for high-fibre food products and the growing application of corn bran in various industries, the corn bran market is projected to further grow at a CAGR of 3.9% between 2023 and 2028 to reach a volume of 11414.22 KMT by 2028.

Corn bran is the outer layer of the corn kernel, which is separated during the milling process. Corn bran is widely used in the food and beverage industry as a functional ingredient to enhance the nutritional profile of various products, including bread, cereals, snacks, and bakery items. Apart from its applications in the food industry, corn bran is also used in the feed, pharmaceutical, and cosmetic sectors.

The growing consumer awareness regarding the health benefits of functional foods and beverages is fuelling the demand for corn bran as a functional ingredient. The high fibre content in corn bran promotes digestive health, weight management, and helps regulate blood sugar levels, making it an ideal ingredient for functional food and beverage formulations. The increasing popularity of plant-based diets and the demand for plant-based alternatives to traditional animal-derived ingredients are further driving the corn bran market growth. Corn bran is being increasingly utilised as a plant-based protein and fibre source in a variety of food applications, including meat substitutes, bakery products, and snacks.

The global corn bran market is experiencing significant growth due to the increasing demand for high-fibre food products. The rising prevalence of obesity, diabetes, and heart diseases has further fuelled the demand for corn bran as a functional ingredient in the food and beverage industry.

Moreover, the growing application of corn bran in the animal feed sector is another key driver for the market. Corn bran serves as a cost-effective and sustainable feed ingredient that provides essential nutrients, such as proteins, vitamins, and minerals, to livestock. The increasing demand for meat and dairy products worldwide has led to the expansion of the animal feed industry, which, in turn, has positively impacted the global corn bran market growth.

The cosmetic industry is also contributing to the growth of the market. The rising consumer preference for natural and eco-friendly personal care products has propelled the demand for corn bran as a sustainable and biodegradable ingredient in the cosmetic industry, thereby supporting the corn bran market expansion.

Market Segmentation

The market can be divided based on nature, distribution channel, application, and region.

Market Breakup by Nature

• Organic
• Conventional

Market Breakup by Distribution Channel

• Direct Sales
• Indirect Sales

Market Breakup by Application

• Food and Beverage
• Feed
• Nutritional Supplements
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global corn bran companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Cargill, Incorporated.
• Grain Processing Corporation
• Didion, Inc.
• Sunflakes Food Products Pvt. Ltd.
• Grain Millers, Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.