Global Corn Fiber Market Size to worth USD 1696.8 Million by 2033: Market Insight Report

Global Corn Fiber Market Size to worth USD 1696.8 Million by 2033

According to a research report published by Spherical Insights & Consulting, the Global Corn Fiber Market Size is Expected to Grow from USD 918.9 Million in 2023 to USD 1696.8 Million by 2033, at a CAGR of 6.33% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Corn Fiber Market Size, Share, and COVID-19 Impact Analysis, By Type (Liquid Syrup, Granules, and Others), By Application (Beverages, Food, Animal Nutrition, Pharmaceutical, and Textile), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.          

The corn fiber market is defined as the manufacture, distribution, and usage of fibers from corn-based products, which are mainly used in textile and non-woven applications. Corn fibers are biodegradable, non-toxic, and eco-friendly material, achieved by starch extraction from the corn kernel. The fibers have been applied in various sectors such as fashion, automobiles, and agriculture due to their natural properties, which include softness, moisture absorption, and biodegradability. With the growing knowledge about environmental sustainability and the demand for renewable materials, corn fiber stands out as one of the great alternatives to synthetic fibers, mainly in eco-sensitive markets. Increasing demand for environmentally sustainable products; growing concern with plastic waste reduction; and increasing preference of customers toward biodegradable and renewable materials are driving the market. Furthermore, the increasing demand for eco-friendly textiles in the fashion industry and the increasing environmental regulations are also expected to propel the market growth further. The market, however, faces a few challenges: the production cost is relatively higher compared to synthetic fibers, limited awareness in some regions, and competition from other sustainable materials like hemp and bamboo.

The granules segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the corn fiber market is classified into liquid syrup, granules, and others. Among these, the granules segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Granules are commonly used in the production of corn fiber due to their versatile applications in various industries, such as textiles, food packaging, and automotive. The granules offer an efficient form of raw material for fiber production, which facilitates easier processing and enhances the overall manufacturing process.

The textile segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.    

Based on the application, the corn fiber market is divided into beverages, food, animal nutrition, pharmaceutical, and textile. Among these, the textile segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Corn fiber has gained considerable traction in the textile industry due to its biodegradability, sustainability, and versatility. As a renewable resource, it aligns with the increasing global demand for eco-friendly and sustainable fabrics. The textile industry's preference for corn fiber is driven by its ability to replace synthetic fibers, which are derived from petroleum-based materials, thus reducing environmental impact.

North America is estimated to hold the largest corn fiber market share over the forecast period.

North America is estimated to hold the largest corn fiber market share over the forecast period. Well-developed pharmaceutical and textile industries in the region have heavily driven the growth of the market. Also, the trend towards performance and specialty clothing is expected to sustain the demand for corn fibers in the coming time. The US dominated the overall market share in 2019 and is likely to further advance at a solid CAGR throughout the estimated timeframe. It happens to be one of the prominent corn producers worldwide and holds large well-established application industries.

Asia-Pacific is predicted to have the fastest CAGR growth in the corn fiber market over the forecast period. The presence of key pharmaceutical manufacturers in the region coupled with the emerging textiles industry is expected to present opportunities to the market during the forecast period. The market in China is expected to grow at a moderate pace owing to large-scale corn production in the country coupled with well-established application industries.

Competitive Analysis

Major key players in the corn fiber market are J. Retentate & Söhne GmbH & Co. KG, Cargill Inc., Archer Daniels Midland Company, Roquettes Freres, Grain Processing Corporation, Tate & Lyle PLC, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the corn fiber market based on the below-mentioned segments:

Global Corn Fiber Market, By Type

• Liquid Syrup
• Granules
• Others

Global Corn Fiber Market, By Application

• Beverages
• Food
• Animal Nutrition
• Pharmaceutical
• Textile

Global Corn Fiber Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa