The corn fiber market is expected to capture sizable growth fueled by shifting consumer preference towards high fiber and slower sugar ingredients. There is an increasing demand for natural ingredients in the food & beverage sector. Rising young population, changing perceptions on nutrition and dietary patterns, as well as a quick shift towards high quality ingredients is projected to drive the demand for corn fiber.

In order to meet the growing demand in the textile industry, manufacturers are offering corn fiber in both filamentous and spun forms to support development of lightweight, superior quality fabrics. Companies are also utilizing corn fiber to develop high quality packaging solutions to attract customers. Stringent rules regarding packaging and labeling in North America and Europe is fueling the production of high-quality corn fiber products.

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The product is also gaining grip in the food industry. In 2019, leading chocolate company, Mondelez International filed a patent regarding a chocolate manufacturing process that replaces part of added sugar content with a soluble corn fiber, with an aim to reduce the sugar content in chocolate products and make them healthier. With such innovations, Global Market Insights, Inc., reports that the corn fiber market is expected to grow over USD 1.4 billion by 2026.

Mentioned below are some of the key trends that may propel corn fiber market outlook:

  1. Growing demand for natural ingredients

There is a surge in the demand for natural ingredients driven by shifting consumer perception towards sustainability and organic products. Corn fiber is made naturally from corn via the enzymatic hydrolysis of corn starch. Low cost availability, high production levels along with the collaboration between countries regarding the export and import of corn ingredients is anticipated to fuel product demand.

  1. Robust application in apparel sector

Corn fiber has good elasticity and full luster which makes it a suitable material for apparel. It is used to make sportswear, jeans and t-shirts. Corn fiber also has moisture regaining properties compared to polyester, making it a much more comfortable option.

  1. Implementation of new business strategies

Firms in the corn fiber industry are focusing on mergers, acquisitions, and new product development in order to capitalize on current fitness and health trends. They are making investments to meet competition based on quality, grade and price and through sourcing local raw material to gain better brand recognition.

Companies are diversifying their segments through the introduction of different product lines that serve various end-use industries. Advertisements through social media and supermarkets, and the development of indigenous technology are other key strategies being undertaken.

In 2019, key industry player, Cargill announced an investment of USD 35 million in Europe with an aim to produce soluble fibers which meet consumer demand for healthier, less sugary and less calorific food products.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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