Corn Bran Market Outlook
According to the report by Expert Market Research (EMR), the corn bran market size reached a volume of 9.48 million tons in 2023. Aided by the increasing demand for dietary fibre and the growing applications of corn bran in various sectors, the market is projected to further grow at a CAGR of 3.8% between 2024 and 2032 to reach a volume of 13.31 million tons by 2032.
Corn bran is the outer layer of the corn kernel, rich in dietary fibre and essential nutrients. It is commonly used as an ingredient in food products, including cereals, bread, and snacks, as well as in animal feed. Beyond its nutritional benefits, corn bran also offers excellent functional properties, such as water retention and texture improvement, making it a valuable ingredient in various industrial applications.
The rising consumer preference for high-fibre food products is a significant driver of the corn bran market growth. With growing awareness of the health benefits associated with fibre consumption, such as improved digestion, weight management, and reduced risk of chronic diseases, there has been a significant shift towards fibre-rich diets, leading to a surge in demand for corn bran-based products.
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The expanding applications of corn bran in the food and beverage sector play a significant role in propelling the market growth. Corn bran is widely used as an ingredient in various food products, including baked goods, cereals, and snacks, to enhance their fibre content and improve texture. Additionally, the rising trend of health and wellness has further contributed to the increasing popularity of corn bran, as it is a popular ingredient in health-conscious and functional food products.
Corn bran is also extensively used in the animal feed sector due to its high fibre content and nutritional benefits. It is commonly incorporated into feed formulations for livestock and poultry to enhance their digestive health and overall performance. The increasing demand for high-quality animal feed is driving the growth of the corn bran market.
Technological advancements in the processing and extraction of corn bran are enhancing its functional properties and expanding its applications. Innovations such as micronisation and extrusion techniques improve the solubility and bioavailability of corn bran, making it a more versatile ingredient in food and industrial applications, consequently driving up the corn bran market share.
North America holds the largest market share due to the high consumption of fibre-rich food products and the presence of major corn bran producers. The region’s strong food and beverage industry and the increasing trend of health and wellness drive market growth. The U.S. is the leading market in this region, with significant contributions from Canada.
As per the corn bran market analysis, the Asia Pacific region is expected to witness substantial growth, attributed to increasing disposable incomes, changing dietary preferences, and the influence of Western lifestyles. China, India, and Japan are key markets, with rising demand for both traditional and innovative corn bran products.
Latin America is experiencing growing demand for corn bran, driven by economic improvements and increasing urbanization. Brazil and Mexico are leading markets in this region, with a focus on both locally produced and imported corn bran products.
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Corn Bran Market Segmentation
The market can be divided based on nature, distribution channel, application, and region
Market Breakup by Nature
- Organic
- Conventional
Market Breakup by Distribution Channel
- Direct Sales
- Indirect Sales
Market Breakup by Application
- Food and Beverage
- Feed
- Nutritional Supplements
- Others
Market Breakup by Region
- North America
- Europe
- Latin America
- Middle East and Africa
- Asia Pacific
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the corn bran market. Some of the major players explored in the report by expert market research are as follows:
- Cargill, Incorporated.
- Grain Processing Corporation
- Didion, Inc.
- Sunflakes Food Products Pvt. Ltd.
- Grain Millers, Inc.
- Others
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