August 10, 2020
According to the research report titled ‘Corn Fiber Market Size By Application Textile [Apparels, Nonwovens, Home Textiles, Industrial Textiles], Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global corn fiber market is expected to generate lucrative revenues between 2020 and 2026.
Inclination towards using corn fiber across various industries such as animal nutrition, textiles, and food & beverages is a major factor driving the market growth. Notably, corn is an agriculture-based product which comprises of large volume of starch. Corn fibers aid in improving the properties of natural products including cotton and wool. The fabric processed using corn fiber is cheap, requires low maintenance, and offers better comfort. Moreover, corn fiber production requires minimum use of fuel and is thus ecofriendly.
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Rising adoption of corn fiber in bedding, readymade apparels, carpets, diapers, and upholstery is further amplifying industry remuneration. In fact, corn fiber offers similar properties like lustrous silk and possess an excellent hand touch as well as brightness. Garments developed from corn fiber boast of an improved after wash appearance, quick drying, and good soil release properties.
As per the application landscape, meat food application segment is estimated to grow substantially during the study duration. Rising adoption of animal protein in consort with increasing preferences towards lean corn fibers for producing lean meat is facilitating the segmental growth.
Meanwhile, the report states that beverages application segment is anticipated to record substantial growth during the study period. Corn fiber-based beverages are considered to be wholesome, clean, and natural.
Geographically, Latin America corn fiber industry is set to register significant growth through 2026. Inclination towards using high quality textiles and rising adoption of corn fibers across various industries are fueling the industry growth in this region.
Alternatively, Middle East & Africa market is predicted to expand considerably in the ensuing years, primarily driven by increasing fitness and gym trend and mounting number of immigrants from developed nations.
The key companies in corn fiber market are Doshi Group, Grain Processing Corp., H.L. Agro Products Private Limited, J. Rettenmaier & Söhne GmbH & Co. KG, Tate & Lyle PLC, SunOpta Inc., Roquette Freres SA, Ingredion Inc., Archer Daniels Midland Co., and Cargill Incorporated among others.