According to a recent report by Reports and Data, the global corn fiber market is expected to grow steadily and reach a market size of USD 1,154.6 million by 2027. The increasing demand for corn fibers from the textiles industry is a significant factor driving market growth. Corn fibers are natural and an excellent substitute for synthetic fibers like polyester and polyamide. Clothes made from corn fibers are comfortable, moisture-wicking, and odor-resistant. They are also easy to clean and retain their aesthetic appeal even after repeated washes.
The demand for eco-friendly alternatives to synthetic fibers is another factor driving the demand for corn fibers. The use of harmful chemicals in textile production pollutes the environment and causes health problems. Therefore, there is a growing demand for organic fibers in clothing to reduce environmental pollution and its impact.
The COVID-19 pandemic has negatively impacted the corn fiber industry, with logistics problems, unavailability of workforce, and reduced orders affecting end-use industries of corn fibers. However, as the situation improves, demand and supply gaps are expected to be bridged, and regular operations resumed.
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Among the application segments, the animal feed segment accounts for a significantly high revenue share due to the immune-boosting properties of corn fibers. The amendments to food labeling regulations and consumer-driven campaigns for clean label food are other factors driving the adoption of corn fibers.
The report also highlights the use of corn fibers in geotextiles to mitigate soil erosion, reduce the direct effect of raindrops, and generate less runoff. North America has seen rising demand for corn fibers due to increasing consumer awareness about nutritional value, health, and wellness, high purchasing power parity, and the prevalence of cardiovascular diseases and obesity.
Key market participants in the corn fiber market include Ingredion Inc., Grain Processing Corporation, Archer Daniels Midland Company, SunOpta Inc., HL Agro, Roquette Freres, Cargill Inc., Doshi Group, Tate & Lyle PLC, and Baolingbao Biology Co. Ltd.
The global corn fiber market has been segmented by Reports and Data on the basis of application, distribution channel, and region. The application segment includes textile, pharmaceutical, food & beverage, animal nutrition, cosmetics, and others. The distribution channel includes direct and indirect channels. Finally, the regional outlook includes North America, Europe, Asia Pacific, MEA, and Latin America.
Corn Fiber Market: Drive Factors
The corn fiber market is being driven by several factors. Firstly, the growing demand for corn fibers from the textiles industry is playing a significant role in boosting market growth. Corn fiber is a natural fiber that can replace synthetic fibers such as polyester and polyamide, and garments produced from corn fibers are comfortable to wear and offer good moisture management, low odor retention, and easy stain and dirt removal. Secondly, there is an increasing demand for eco-friendly alternatives to synthetic fibers, which is leading to a growing demand for corn fibers. The use of harmful and harsh chemicals in the production of synthetic fibers modifies the natural characteristics of fabrics and pollutes soil, water reserves, and air. Thirdly, stringent government regulations are also playing a major role in fueling demand for corn fibers. The food labeling regulations’ amendments associated with enhancing transparency in food-related information and consumer-driven campaigns, including Clean Label, are driving the adoption of corn fibers. Finally, rising use of corn fibers in the production of geotextiles is expected to drive market growth significantly over the forecast period.
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