Global Corn Fibre Market Report and Forecast 2024-2032

Global Corn Fibre Market Size

The global corn fibre market is expected to grow at a CAGR of 6% in the forecast period of 2024-2032 to attain USD 1.62 billion by 2032.

Corn Fibre Market Outlook

• The United States is the largest producer of corn in the world, accounting for 32% of global production in 2023-24. The top corn-producing states are Iowa (17%), Illinois (15%), Nebraska (12%), Minnesota (10%), and Indiana (7%).

• After the US, the other top producers are China (23% of global production), Brazil (11%), the European Union (5%), and Argentina (5%).

• Corn is the third largest grain crop in the world after wheat and rice.

• As per industry reports, global corn production in 2023/24 is estimated at 1,219,932 thousand metric tons.

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Corn Fibre Market Growth

Corn fibre is a carbohydrate and is produced through enzymatic hydrolysis of corn starch. It is used in various beverages, prepared foods, baked goods, fruit drinks and dairy products. These fibres are generally incorporated to foods to enhance the dietary fibre value without sacrificing on texture and taste. Also, corn fibres are increasingly used in textile applications as they are eco-friendly in nature, provide superior comfort, are stain and heat resistant. It is also used in animal nutrition and cosmetics.

The key drivers aiding the corn fibre market expansion include the increasing demand for foods high in fibre along with the presence of technology developments. However, the market faces challenges due to the presence of substitute products.

Key Trends and Developments

Rising demand for high-nutritional products, increasing use of corn fibre in animal nutrition, and innovations in product development are factors leading to corn fibre market development

May 2024

The LYCRA Company has partnered with Dairen Chemical Corporation (DCC) to create the world's first large-scale bio-derived spandex fibre made with annually renewable corn. This collaboration aims to reduce the carbon footprint of traditional spandex by up to 44% while maintaining its performance.

May 2024

Tate & Lyle is investing EUR 25 million to expand its dietary fibre production capacity at its facility in Boleráz, Slovakia. The expansion will boost the company's production of its flagship non-GMO PROMITOR Soluble Fibre, which is recognised for its role in promoting gut health and immunity.

December 2023

ADM has expanded its corn wet mill production facility in Razgrad, Bulgaria, which reflects ADM's commitment to developing the local agriculture industry and strengthening its global corn processing capabilities and BioSolutions platform.

Expansion in animal nutrition segment

Corn fibres are increasingly being utilised to supplement the diets of poultry, swine, and ruminants due to their nutritional benefits. Corn fibre-based animal feed products, such as those offered by Cargill and ADM, are gaining popularity among livestock farmers due to their ability to improve digestive health and promote growth in animals.

Increasing demand for high-nutritional products

One significant trend propelling the corn fibre market growth is the rising demand for high-nutritional products. The demand for health and meal replacement drinks, such as Ensure and Boost, is contributing to the growth of corn fibre consumption, especially due to their rich protein and carbohydrate content.

Focus on enhanced product development

Companies are striving to achieve optimal business growth by developing innovative products that include corn fibres. Ingredion has introduced a range of corn fibre-based ingredients, such as Hi-maize resistant starch and Novelose dietary fibre, which are used in various food and beverage applications to enhance nutritional value and improve texture.

Corn Fibre Market Trends

Corn fibre helps in maintaining intestinal health, supporting bone mineralisation, increasing calcium absorption in the body, and has also been linked to a lower risk of heart diseases and some cancers. Therefore, soluble corn fibre is increasingly used by pharmaceutical companies, consequently strengthening the corn fibre market outlook.

Furthermore, changing consumer views on nutrition and increasing demand for high-quality ingredients are likely to favour market growth. A shift towards healthy eating habits and rising disposable income, accompanied by the easy availability of the product, are likely to boost the market.

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Corn Fibre Industry Segmentation

The EMR’s report titled “Corn Fibre Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Form

• Liquid

• Powder

Market Breakup by Application

• Food and Beverage

• Pharmaceuticals

• Animal Nutrition

• Textile

• Personal Care and Cosmetics

• Others

Market Breakup by Region

• North America

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa

Corn Fibre Market Share

The liquid form segment is expected to experience significant growth, driven by its increasing use in food and beverage applications

The liquid form of corn fibre is a popular choice in various industries due to its versatility and ease of use. It is often used in food and beverage applications, such as in the production of soft drinks, juices, and other liquid products. The liquid form is also used in pharmaceutical applications, where it serves as an excipient or a carrier agent for active pharmaceutical ingredients.

The powder form of corn fibre is widely used in food, pharmaceutical, and textile applications. As per corn fibre market analysis, it is preferred for its ease of storage, transportation, and handling, as well as its ability to be easily incorporated into a variety of products. The powdered form is used in food products to improve texture, increase moisture retention, and extend shelf life. It is also used in pharmaceutical applications, particularly in the production of tablets, capsules, and other solid dosage forms.

The market exhibits significant growth potential across various applications, driven by the increasing awareness of the benefits of corn fibre in different industries

The demand for corn fibre in the food and beverage industry is driven by the increasing consumer preference for natural and healthy ingredients. Corn fibre is used to enhance the nutritional profile of various products, such as dairy items, prepared foods, and baked goods, due to its high nutritional content and functional properties. The rising popularity of health drinks, meal replacement beverages, and products with added fibre content and reduced sugar levels is expected to boost the demand for corn fibre in this segment.

The pharmaceutical application segment is anticipated to hold a large corn fibre market share as corn fibre is being utilised in the production of pharmaceutical products and medicines to enhance their nutritional benefits. Moreover, the use of soluble corn fibres to improve bone strength in post-menopausal women and their effectiveness in chronic disease management, including diabetes, are key factors expected to accelerate the demand for corn fibre in pharmaceutical applications.

In addition, corn fibre fabrics are gaining acceptance in various textile applications, such as non-woven, industrial textile, and home textile products like window coverings and diapers. The increasing consumer demand for sustainable textile materials and the unique properties of corn fibre, such as natural moisture-wicking and antibacterial properties, are driving its popularity in the textile industry, especially in sportswear and activewear.

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Leading Manufacturers in the Corn Fibre Market

Market players are focused on increasing their market share by creating new soluble corn fibre formulations aligned with consumer preferences like clean labels and reduced sugar

Archer Daniels Midland Company (ADM) was founded in 1902 and is headquartered in Illinois, United States. The company produces and sells food ingredients, animal feed, and other agricultural products worldwide.

Ingredion Incorporated was founded in 1906 as Corn Products Refining Company and is headquartered in Illinois, United States. The company produces and sells ingredients for food, beverage, animal nutrition, paper and corrugating, brewing, and other industries globally.

Roquette Frères was founded in 1933 and is headquartered in Lestrem, France. The company produces food ingredients, pharmaceutical excipients and other plant-based products for customers worldwide.

Tate & Lyle PLC was founded in 1921 through the merger of Henry Tate & Sons and Abram Lyle & Sons. The company is headquartered in London, United Kingdom and produces food and beverage ingredients, industrial products, and solutions for customers globally.

Other key players in the global corn fibre market include HL Agro Products Pvt. Ltd, among others.

Corn Fibre Market Analysis by Region

North America's dominance is fuelled by the presence of several pharmaceutical companies and a thriving food and beverage sector

North America has been a significant market for corn fibre in the past and is expected to dominate over the forecast period as well. The region’s growth is driven by well-established textile and pharmaceutical industries. Moreover, rising living standards and changing consumer views on nutrition are some of the major drivers boosting the corn fibre market growth in the region. In addition, industry players are investing in R&D to broaden the customer base, gain brand recognition, and diversify their product portfolio, which is also expected to boost market’s expansion in the region.

The Asia Pacific region is anticipated to attain a significant market share during the forecast period, driven by the presence of key pharmaceutical companies and the expanding food and beverage industry. China, a significant player in the Asia Pacific market, is expected to grow steadily due to its large-scale corn production. The region's textile industry is also expected to provide growth opportunities for the market.

Key Highlights of the Report

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Corn Fibre Market Report Snapshots

Corn Fibre Market Size

Corn Fibre Market Growth

Corn Fibre Market Trends

Corn Fibre Market Share

Corn Fibre Manufacturers

Corn Fibre Market Regional Analysis