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Corn fiber is a carbohydrate and is prepared from corn starch. It has diverse applications in dairy products, beverages, fruit drinks, baked goods, prepared foods, and meal replacement drinks. These fiber extracts are used to enhance the fiber content in the eatables without compromising with its taste and texture. There is an increase in the application of corn fibers in the textile industry and this boosts the demand in diverse aspects. Rise in disposable income, increase in health consciousness, and diverse applications drive the growth of the global corn fiber market.
COVID-19 Scenario Analysis:
Due to the implications of COVID-19, the processing of corn fiber extraction has been abruptly ceased and this has reduced the manufacturing of fiber containing food products.
The disruptions in supply chain due to lack of transportation facilities have been hindering the production processes as well as the supply of finished goods in the market. This has adversely affected the industry revenue.
The diverse application of corn fiber is boosting its demand across different regions and industries. The consumer base is switching toward healthy eating habits that incorporate corn fiber extracts in the regular diet. It helps in building calcium in the body and has broadened the scope in the pharmaceutical sector. Low cost of raw materials, increasing product usage in food products, animal feed production and textile industry with consistent innovations in the application and industry provides opportunities to the corn fiber market to grow. There prevails threat of replacement of product applications due to availability of substitutes but the leading market players keep evolving technological advancements to improve the product utilities and consumer base.
The global corn fiber market trends are as follows:
Corn fiber is said to have a lot of health benefits as its consumption maintains the fiber content required in the body. The rise in consumer awareness regarding the health benefits of fibers drive the need and demand for corn fiber across consumers with diverse suitability.
Fiber assists calcium building and retention of calcium in bone during phase of teenage and post menopause. It contains prebiotic properties that ease the functionality of intestines. Corn fiber is widely used to manufacture food supplements because of its rich concentration of fiber that improves digestion, lowers the blood glucose and insulin response, improves metabolism, and provides essential minerals. It is gaining popularity in the fitness sector since the high protein concentration in corn fiber helps in building and maintaining muscles.
The leading manufacturers are keen to promote their base product by providing utilities to the consumers. For this, the market players are diversifying their business operations and widen the area of application. Corn fiber industry is said to have established its roots in the animal feed and textile industry.
The use of corn fibers as dietary supplements in live-stock feed such as poultry, fisheries, ruminants, and swine boosts the immune system against air and water-borne diseases. The rise in awareness on animal food and the well-being and nutrition of animals fuel the application of corn fiber in this industry. Corn fibers are rapidly used in textile industry where the key driving agents are the super comfort, heat resistance, stain-resistance, and eco-friendly nature that make the textile comfortable to wear.
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Questions Answered in the Corn fiber Market Research Report:
Key Market Segments
Key Market Players