The corn fiber market has been gaining significant traction over the past few years owing primarily to the rising demand for nutraceuticals and functional foods. Corn fiber, also known as corn bran, finds its usage as a food ingredient and in pharmaceutical formulations. It contains high fiber content making it a suitable ingredient for various functional food and supplements for conditions like diabetes, hypertension and digestive issues. Corn fiber helps manage blood sugar levels and lowers cholesterol. It also aids in improving gut health due to its prebiotic properties.
The corn fiber market is estimated to be valued at USD 973.7 Mn in 2024 and is expected to reach USD 1,495.6 Mn by 2031. It is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Key Takeaways
Key players operating in the corn fiber market are Tate & Lyle, J. Rettenmaier & Söhne GmbH, Archer Daniels Midland, Roquette Frères, and SunOpta Ingredients Group.
The Corn Fiber Market rising popularity of plant-based diets and clean label trend presents significant growth opportunities for corn fiber producers. Companies are keen on developing innovative corn fiber formulations for various food and beverage applications.
To tap the growing demand from Asia Pacific and Latin America, leading corn fiber producers are expanding their global footprint through acquisitions and partnerships with regional players. Grain Processing Corporation recently acquired corn processing assets in India to strengthen its presence in South Asia.
Market Drivers
Increasing consumer focus on nutrition and preventive healthcare has augmented the demand for dietary fibers. Corn fiber with its notable nutritional profile finds wide usage across various food categories. The growing vegan and vegetarian population has bolstered the demand for plant-based fibers and starches. Corn fiber with its versatility serves as a suitable substitute for many meat-based products. Rising health consciousness especially post-COVID has stimulated the demand for immunity-boosting nutraceuticals. Corn fiber with its prebiotic properties experiences robust demand from supplements manufacturers.
Market Restraints
Higher pricing of corn fiber compared to conventional food ingredients remains a key challenge. Its incorporation in large volumes may impact the overall cost of final products. Volatility in corn production and prices worldwide remains a deterrent for smooth supply chains. Adverse weather conditions can potentially impact corn fiber supply and prices.
Segment Analysis
The global corn fiber market is segmented by applications into animal food, pharmaceutical, industrial, and others. The animal feed segment dominates the market owing to widespread use of corn fiber as a dietary fiber in animal nutrition. Corn fiber is widely used in animal feed such as pet food, aquaculture feed, poultry feed etc. It provides fiber to animal diet and also acts as a binding agent. This properties make corn fiber a preferred ingredient in animal nutrition industry.
Global Analysis
Regionally, the North America corn fiber market accounts for significant share due to robust demand from animal feed sector. Growing meat consumption and demand for novel animal feed ingredients drives the corn fiber market in the region. Asia Pacific exhibits remarkable growth prospects owing to rising meat consumption, expanding aquaculture industry and growing preference for natural ingredients in the region. The region is slated to emerge as a major revenue pocket for corn fiber market players during the forecast period. Rapid urbanization, increasing disposable income, and growing health consciousness spur the demand for healthy and nutritious animal feed in Asia Pacific creating opportunities for corn fiber market.
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JULY 06, 2020: Indian ready-to-eat marketReady-to-eat or RTE food products are defined as that form of animal or plant derived food that can be offered to the customer after being washed, cooked, frozen and processed.
Such products are convenient for the consumers since it saves both time and energy.The concept of RTE food was introduced in India in 1987 by a Pune based company named Tasty Bites Eatables.
The products launched initially did not get much popularity among the contemporary Indian consumers.In the recent years, RTE items have gained popularity due to busy lifestyles, increased tourism and changing food habits across India.
Over time, the Indian RTE products, especially the cereal, vegetable and meat based items have shown significant demand among the non-resident Indians.Key growth factorsThe average income level of Indians have been increasing in the recent years.
Ltd. are some of the major players operating in the Indian RTE market.What is covered in the report?Overview and structure of the Indian RTE marketDetailed description of the value chain of the RTE products in IndiaHistorical, current and forecasted market size data for the Indian RTE market (2017 to 2023)Qualitative analysis of the Indian RTE market based on competitive forces addressed by Porter's five forces analysisTrade analysis of the RTE market in IndiaQualitative analysis of the major drivers and challenges affecting the marketAnalysis of the competitive landscape and profiles of major players operating in the marketWhy buy?Get a broad understanding of the RTE market in India, the dynamics of the market and current state of the sectorStrategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the marketUnderstand major competitors' business strategies and market dynamics and respond accordingly to benefit from the market To Browse Full Research Report @: https://www.radiantinsights.com/research/ready-to-eat-market-in-india-2018-2023Table of ContentsChapter 1: Executive summaryChapter 2: Socio-economic indicatorsChapter 3: Market overview3.1.
Product-type wiseMeat/poultry productsCereal/vegetable products and others4.2.2.
