According to a recent report by Reports and Data, the global Maize 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 Maize Fiber. 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.
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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.
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 Maize Fiber 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: Notable innovation
In the Maize Fiber market, there have been notable innovations in the production and application of corn fibers. One such innovation is the development of high-performance corn fibers that exhibit excellent tensile strength and durability, making them suitable for use in a wide range of applications such as textiles, geotextiles, and animal feed. Another innovation is the use of corn fibers in the production of cosmetics and personal care products, as they offer good moisture management and skin-friendly properties. Additionally, the development of advanced processing techniques for corn fibers has led to the production of bio-based materials with improved properties, such as enhanced moisture absorption and breathability. These innovations are expected to drive the growth of the corn fiber market in the coming years.
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