Corn Fiber Market With A Value Of US$ 2.4 Bn By 2032, With A CAGR Of 14.7% Between 2022 And 2032

Wednesday, 13 July 2022, 1:40 pm
Press Release: Future Market Insights

According to the recent FMI report, the sales of corn fiber are expected to surpass a value of USD 2.4 Bn in 2032, thriving at a CAGR of around 14.7% through 2032 while its estimated revenue is US$ 0.4 Bn in 2022. Consumer attitudes toward nutrition are changing, and there is a growing demand for high-quality components, which is anticipated to boost the market growth, pushing the demand for corn fiber.

The corn fiber market share is expected to benefit from a trend toward healthier eating habits and increased disposable income, as well as the product's widespread availability.

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Demand for corn fiber is anticipated to rise due to a lower risk of heart disease and several malignancies, as well as preserving intestinal health, boosting bone mineralization, and enhancing calcium absorption in the body. As a result, pharmaceutical companies are increasingly usincorn fiber, boosting the sales of corn fiber.

Corn fiber provides numerous health benefits as it helps to maintain the body's fiber content. Consumer awareness of the health advantages of fibers is driving demand for corn fiber among customers of various appropriateness levels.

During the teenage and postmenopausal years, fiber aids calcium absorption and retention in the bones. It has prebiotic qualities that help the intestines work better, raising the sales of corn fiber.

Key Takeaways from the Corn Fiber Market Study:

• Over the forecast period, pharmaceutical applications are likely to grow at a CAGR of 7.2%. It is commonly used in supplement manufacture because of its easy digestion and high content of calcium and minerals, pushing the sales of corn fiber
• Up to 2026, the corn fiber market share in North America is expected to grow by more than 16.4%. Consumer attitudes on nutrition are shifting, and improving living standards, combined with rising obesity and cardiovascular death rates, should raise product demand.
• Demand for Corn fiber is likely to be boosted by changing dietary habits, nutrition attitudes, and a growing young population, as well as a quick shift toward high-quality foods.
• The Asia Pacific corn fiber market size is likely to be driven by rising demand for corn fibers as a value-added ingredient by 2032.

“Market players are investing in R&D to create innovative products in order to maintain their market position. Manufacturers are also focusing on implementing technological advancement to improve production efficiency.” -Lead Analyst at FMI.

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How’s the competitive landscape of Corn Fiber Market?

Who is winning?

With the increasing growth of the Internet in every part of the globe, consumers are becoming more aware of the benefits and functional qualities of corn fiber. As a result, food and beverage companies are turning to e-commerce to expand their global reach and presence in the corn fiber market.

Key Competitors:

Some of the leading companies offering corn fiber are Archer Daniels Midland Company, Cargill Inc., Tate & Lyle PLC, SunOpta Inc., J. Retentate & Söhne GmbH & Co. KG, Roquette Frères, HL Agro Products Pvt. Ltd., Ingredion Incorporated, Doshi Group, Grain Processing Corporation, and others.

Recent Market Developments:

• Cargill announced intentions to invest USD 35 million in Europe to enable the manufacturing of soluble fibers, as part of a drive to diversify its portfolio of starches, sweeteners, and texturizers, in October 2019. Cargill expects its soluble fiber products to be accessible in Europe by 2021 as a result of this expansion strategy.
• Ingredion introduced a new line of dietary fibers that is both affordable and innovative. The VERSAFIBE dietary fiber line is designed to reduce calories in pasta, baked foods, and extruded items while still providing fiber fortification. This product launch project has aided the company in satisfying increased demand in the retail and foodservice sectors for fiber fortification and calorie and carbohydrate reduction.
• Tate & Lyle has added soluble fiber to its promitor, also known as soluble fiber, soluble corn fiber and dietary. This pushes the demand for corn fiber in new regions.

Get Valuable Insights into Corn Fiber Market

FMI, in its new offering, provides an unbiased analysis of corn fiber presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Corn fiber based on type (liquid and powder), by application (beverage industry, food industry, pharmaceutical, textile, animal nutrition), by distribution channel (hypermarket/supermarket, specialty stores, online stores, and other distribution channels) across five major regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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