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.
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
using soluble corn 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.
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.
Read More: https://www.futuremarketinsights.com/reports/corn-fiber-market