Global Corn Fiber Market By Type (Organic Corn Fiber, and Normal Corn Fiber), By Application (Food, Feed, Supplements, and Other), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Corn Fibre Market Overview

The global corn fiber market value was USD 735.21 million in 2021 and is forecast to grow at a CAGR of 7.23% between 2022-2032.

Market growth is expected to be driven by the increasing use of corn fibers in pharmaceutical products to increase their nutritional content. This will be supported by an increase in the consumption of corn fibers in food & beverages.

The fibers’ high nutritional content has boosted their demand for dairy products, baked goods, and prepared food. The fibers’ high quality, eco-friendly, durability, and comfort will be a major driver of the market.

This fiber will also be used in animal nutrition products due to its high protein content.

Global Corn Fiber Market Analysis

Type Analysis

The organic Corn Fiber segment holds a high amount of share in the market. Numerous health benefits of organic corn fiber such as its antioxidant properties help in the prevention of diseases.

It is also used in the medical industry as the consumption of organic corn helps to lower blood sugar and blood pressure.

It includes calcium and phosphorus to strengthen bones, B- Vitamins to improve mood and vitality, and Vitamin C to prevent cancer and colds, flu, and other illnesses. It also contains potassium to regulate heart contractions and water regulation, iron, copper, zinc, and selenium to boost the immune system.

Application Analysis

Pharmaceutical applications accounted for the largest share of revenue at more than 35%. The forecast period will see further growth at the fastest CAGR rate of 9%. This segment will see an increase in the demand for medicines and pharmaceutical products with nutritional benefits.

As corn fibers have many advantages, including high durability and comfort, textiles are expected to be the second most popular application segment.

Corn fiber filaments offer an eco-friendly alternative to nylon or polyester. The segment of food and beverage applications held a substantial market share in 2021. It is projected to increase at a steady rate over the forecast period.

Corn fibers will see an increase in demand due to growing demand for high-nutrition products and rising consumption of meal and replacement drinks.

Corn fiber products can be used to make animal nutrition products as they are rich in protein and carbohydrates. These products are often used as a supplement to the diets of poultry, swine, or ruminants.

Key Market Segments

By Type

• Organic Corn Fiber
• Normal Corn Fiber
• Other Types

By Applications

• Food & Beverage
• Animal Nutrition
• Pharmaceutical
• Textile
• Other applications

Corn Fibre Market Dynamics

The U.S. market has experienced significant growth in recent years. This market is forecast to continue expanding at a CAGR of 6.1% during the forecast period. It is expected that the country’s established textile market, along with ongoing innovations in the pharmaceutical sector, will boost product demand over the coming years.

Product demand will be boosted by consumers’ increasing desire to live a healthy lifestyle and their rising disposable income, especially in emerging areas. Product demand will be supported by the growing popularity of healthy drinks and meal substitute drinks.

The market growth is expected to be limited by fluctuations in the global corn supply.

Additionally, the current global coronavirus epidemic has made it difficult for the supply chain to function properly, which has adversely affected the corn fiber market. The market will grow if prominent companies focus on geographic expansions and capacity.

Corn Fibre Market Regional Analysis

North America held a dominant position in the global corn fiber market with a 37% share in 2021. It is expected that it will continue to be the market leader over the forecast period. Market growth is primarily due to strong textile and pharmaceutical industries.

Corn fibers will be supported by specialty and performance clothing, which is a growing trend.

U.S. held the largest market share for 2021 and will continue to grow at a steady rate of CAGR over the forecast time. The United States is the country that produces the most corn and has well-established applications industries.

Asia Pacific held a significant revenue share for 2021 and is expected to increase at the highest rate CAGR over the projection period. Market growth will be facilitated by the presence of leading pharmaceutical manufacturers in the region, as well as the growing textiles sector.

China’s market for corn products is expected to grow moderately owing to its large-scale production of corn and established application industries.

The current coronavirus epidemic has severely affected the manufacturing sector and negatively impacted the market. With a decrease in coronavirus incidence, however, demand is expected to increase in the second quarter.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Companies & Market share Analysis:

Major market players focus on enhanced products that include corn fibers. Companies aim to increase their business through the establishment of sales operations via a dedicated channel and modern methods of online sales through a website portal.

Key Market Players:

• J. Retentate & Söhne GmbH & Co. KG
• Cargill Inc.
• Archer Daniels Midland Company
• Roquettes Freres
• Grain Processing Corporation
• Tate & Lyle PLC
• Other Key Players

For the Corn Fiber Market research study, the following years have been considered to estimate the market size: