Corn Fiber Market Size, Share and Industry Analysis Report by Application (Food [Bakery, Breakfast Cereals & Snacks, Confectionery, Dairy, Meat Products, Infant Food], Beverages, Pharmaceutical, Animal Nutrition [Swine, Ruminants, Poultry, Pet]), Textile

Corn Fiber Market Size, Share and Industry Analysis Report 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]), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028

The corn fiber market is expected to exhibit notable progress by 2028 due to extensive product application in the animal feed segment.

Corn fiber is a relatively fresh innovation in the textile industry and has witnessed swift adoption owing to its numerous advantages, such as high UV resistance, economical, stain-proof fabric, and environmentally friendly. Recent advancements in the textile industry and emerging trends in sustainable fashion have augmented market growth over the past few years.

The corn fiber market has been segmented based on application and region. In terms of application, the market has further been divided into textile, food, animal nutrition, beverages, pharmaceutical, others (medical, automotive), and others (personal care & cosmetics). Under food, the market has been differentiated into infant food, bakery, meat products, breakfast cereals & snacks, dairy, and confectionery.

The bakery segment is speculated to register sturdy progress at a CAGR of around 13% over the assessment period owing to increasing product use in the preparation of buns, breads, and cakes, among others. The breakfast cereals & snacks segment is estimated to witness optimistic growth through the analysis timeline due to changing consumer preferences towards meal replacement products.

The confectionery segment accounts for nearly 15% share in the overall food applications segment and is projected to amass considerable gains by 2028. Surging demand for low-sugar and low-calorie healthy products is likely to boost product adoption in the coming time period. The dairy segment is anticipated to expand at a notable growth rate between 2022 and 2028. Mounting demand for yogurts and milk desserts in view of rising health consciousness among consumers is set to fuel segmental development.

The meat products segment is foreseen to showcase a solid growth momentum through the review period owing to the burgeoning demand for protein-based products among consumers worldwide. The corn fiber market size from the infant food segment is expected to grow at approximately 11.5% CAGR over the stipulated timeframe. Widespread use of corn fiber to tackle health disorders among malnourished infants is slated to foster market expansion.

The animal nutrition segment is poised to register a sizable market share by the end of 2028 on account of increasing awareness among consumers regarding the importance of animal fiber intake. Under animal nutrition, the corn fiber market has been categorized into pet, swine, poultry, and ruminants. The swine segment is set to observe sturdy expansion over 2022-2028 on account of growing focus on promoting economic development and sustainability in the pig sector.

The ruminants segment is projected to develop at a notable CAGR to reach a substantial revenue valuation by the end of the estimated timeline. Prevalent integration of corn and other fibers in ruminant feed owing to the lack of adequate nutrition for ruminants is deemed to support industry growth. The poultry segment accounted for about 35% share in the overall animal nutrition application segment and is likely to progress at a steady pace over 2022-2028. The pet segment is speculated to witness robust expansion by 2028 due to the proliferation of pet food retail outlets, which has spurred the development of novel pet food.

The textile segment accounts for a market share of almost 30% and is foreseen to grow at a sturdy pace through the study period. Under textile, the corn fiber market has been bifurcated into industrial textiles, apparels, home textiles, and nonwovens.

The apparels segment is anticipated to grow at an exponential pace through the assessment timeline owing to ongoing development of novel products, which would help reduce carbon emissions and impact the overall lifecycle of the garment and fabric. The nonwovens segment is primed to garner substantial gains by the end of 2028. Corn fiber possesses several advantageous properties, including superior quality and eco-friendly nature, which is estimated to bolster segmental development.

The home textiles segment is slated to witness optimistic growth over the analysis timeframe due to the booming real estate sector and rising consumer preferences for stylish interiors. The industrial textiles segment is set to expand at a CAGR of above 12% between 2022 and 2028.

The others (personal care & cosmetics) segment is expected to grow at a CAGR of more than 11% over the forecast period. The others (medical, automotive) segment held a market share of nearly 3% in 2021 and is anticipated to expand at a considerable growth rate over the next few years.

On the regional front, the LATAM corn fiber market accounts for about 6.5% share in the overall market and is poised to gain significant traction by 2028. Availability of raw materials and soaring preference for high-fiber food is likely to drive regional market growth. Meanwhile, the MEA corn fiber market is projected to progress at around 13% CAGR driven by rising health awareness and fitness-related activities in the region.