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
Corn Fiber Market will grow considerably during 2023–2032, owing to the several potential health benefits offered by the product. Foods that contain soluble corn fiber, such as soups, whole grain cereals, or dairy products, are well recognized for their health benefits, such as supporting gut health, stabilizing blood sugar levels, and promoting bone health. In addition, corn fibers hold a lower glycemic index than other sweeteners owing to being rich in fiber and low in calories and sugar.
Moreover, the rising product use in animal feed production would fuel the market demand. According to credible reports, approximately 35 to 40 percent of the corn utilized in the corn refining business is converted into feed products.
Constant innovations and launch of new products will open novel opportunities for corn fiber industry players in the coming years. For instance, in 2022, Cargill, one of the leading global food corporations, announced its plans to unveil a soluble corn fiber ingredient in 2023. The component contains 80% fiber content and facilitates high fiber on a dry basis in its manufactured products.
Overall, the corn fiber industry is segmented in terms of product and region.
By product, the animal nutrition segment across the corn fiber industry held a significant share in 2022 and is projected to be valued at over USD 135 million by 2032 end. Corn fibers are widely used in several feed products to help prevent and monitor ailments such as irritable bowel syndrome, colitis, and diabetes. The meat and poultry sectors in America depend heavily on high-quality corn-based products for animal feed. It is one of the preferred components for animal food producers due to its energy contribution, content level (60–80%), and low variability of its chemical composition. Besides, the rising inclination regarding the importance of animal fiber intake among consumers will positively influence the market demand.
Regionally, the Asia Pacific corn fiber market is estimated to be valued at over USD 505 million by 2032. The region has been witnessing massive growth in the prebiotic space, simultaneously offering several growth prospects to the corn fiber industry. In addition, inclining interest in gut-improving friendly bacteria given their protective role in the immune system, would further stimulate the market growth curve across the region. This implies that the rising incidences of intestinal issues in APAC would push the product demand. As per credible reports, GI symptoms are common in the Japanese population, with the prevalence rate of 25%.
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