Global Corn Bran Market
Added: (Fri Jun 23 2023)
Pressbox (Press Release) -
Market Overview:
Corn bran, made from the tough outer layer of whole-kernel corn, is a rich source of fiber. As a result, it is used to increase the fiber content of various foods. Additionally, it contains protein, B vitamins, iron, calcium, zinc, and magnesium. It is a low-calorie and low-fat diet that helps lose weight, improves digestion, and promotes regular bowel movements. In addition, it aids in the repair of tissues, cells, and muscles, provides structural support, and boosts the body's immune system.
Corn bran helps in the formation of white blood cells (WBCs), which serve as antibodies against infections and a variety of diseases, including Crohn's disease, asthma, rheumatoid arthritis, and bladder cancer.
Market Size Growth Rate:
According to the DataM market research report, the global corn bran market was valued at US$ 2,534.3 million in 2022. It is forecasted to reach up to US$ 3,415.3 million by 2030, growing at a CAGR of 3.8% during the forecast period (2023-2030). Increasing demand from the animal feed industry is anticipated to be a key factor driving market growth. Corn bran is the outer layer of the corn kernel that is removed during the milling process. It is a rich source of fiber and protein and is used as an ingredient in a variety of food products. Corn bran is also used as a livestock feed and as a soil amendment.
The animal feed industry is the largest consumer of corn bran, accounting for over 50% of the global demand in 2016. Corn bran is a rich source of fiber and protein and is used as a livestock feed ingredient. The growing demand for livestock products is expected to drive demand for corn bran over the forecast period. The food industry is the second largest consumer of corn bran, accounting for over 30% of the global demand in 2016. Corn bran is used as an ingredient in a variety of food products, such as breakfast cereals, snacks, and bakery products.
Market Driver:
The growing demand for healthy and organic food is one of the major factors driving the growth of the corn bran market. The rising awareness of the health benefits of corn bran is also fueling the demand for corn bran-based products. The growing demand for animal feed is another major factor driving the growth of the corn bran market. Corn bran is a rich source of dietary fiber, proteins, and essential vitamins and minerals, making it an ideal animal feed ingredient.
Market Restraints:
Corn bran is generally considered safe for consumption when consumed in moderation. However, as with any food product, consuming large amounts of corn bran may cause certain side effects. Eating too much corn bran may cause digestive discomfort, such as bloating, gas, and constipation. This is because the fiber in corn bran absorbs water and swells in the digestive tract, which can slow down digestion and cause these symptoms.
Over time, consuming large amounts of corn bran may lead to nutrient deficiencies that hamper the corn bran market revenue.
Market Opportunities:
Growing demand for animal feed, Corn bran is also used as an animal feed ingredient, especially in the poultry and swine industries. With the growing demand for animal protein, there is an increasing need for high-quality animal feed ingredients, which presents an opportunity for the corn bran market.
COVID-19 Impact Analysis:
The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, business close, and travel bans. Food&beverages is among the major industries suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants.
In addition, the closures of the companies, production facilities 7 factories in various countries have disrupted the whole supply chains. It has negatively impacted manufacturing activities, delivery schedules, and various goods sales. Multiple companies have already announced possible delays in product deliveries and a decline in future sales of their products.
Recent Developments in the Industry:
In March 2023, Corteva Agriscience announced plans for the commercial launch of Vorceed Enlist corn products. U.S. farmers will access Vorceed Enlist corn technology across Pioneer seeds, Dairyland Seed and Brevant seeds through the exclusive Corteva Horizon Network in areas of high corn rootworm (CRW) pressure in the Corn Belt.
Market Segmentation:
As per the research analysis, the global corn bran market segmented by nature into organic and conventional; by application into food & beverages, feed, nutritional supplements and others; and by distribution channel into B2B and B2C.
Based on nature, the conventional segment offers several health benefits and boasts impressive nutritional values. Packed with dietary fiber, corn bran aids in promoting healthy digestion and can help prevent constipation. It also contains essential minerals like magnesium, phosphorus, and zinc, which contribute to maintaining proper bodily functions.
Conventional corn bran is a nutrient-rich ingredient with a variety of health benefits and notable nutritional values. For instance, a 100-gram serving provides approximately 235 calories and contains 1.9 grams of total fat, making it a relatively low-fat option. With zero cholesterol and sodium content of only 3 milligrams, corn bran supports heart health and is suitable for individuals monitoring their cardiovascular well-being.
Geographical Classification:
The global corn bran market is segmented into major countries, including North America, Europe, South America, Asia Pacific, and Middle East & Africa.
Asia-Pacific Corn Bran Market:
The Asia-Pacific region is expected to be the largest market for corn bran due to the growing demand for livestock feed, the growing demand for corn bran as a human food ingredient, and the increasing use of corn bran as an industrial product in the region.
North America Corn Bran Market:
The North America region is expected to be the second-largest market for corn bran due to the growing demand for corn bran as a human food ingredient and the increasing use of corn bran as an industrial product in the region.
Competitive Landscape
The major global players in the market include Cargill, Incorporated, Grain Processing Corporation, Didion, Inc., Sunflakes Food Products Pvt. Ltd., Grain Millers, Inc., AGRANA Beteiligungs-AG, Bunge North America Inc., Grain Millers, Inc., Lifeline Foods LLC, and Prorich Agro Foods.
Additional Benefits Post Purchase:
1) Unlimited Analyst support for a period of 1 year.
2) Any query with regard to the scope offered will be addressed within 24- 48 hours.
3) An Excel sheet with market numbers will be provided separately.
The Full Report has the below insights:
The report offers a comprehensive evaluation of the market in terms of market value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2021-2022) and verifiable projections about market size during the forecast period (2023-2030).
Visualize the composition of the global corn bran market segmentation by nature, application, distribution channel, and region, highlighting the key commercial assets and players.
o By Nature: Organic, Conventional
o By Application: Food & Beverages, Feed, Nutritional Supplements, Others
o By Distribution Channel: B2B, B2C.
o By Region: North America, South America, Europe, Asia Pacific, Middle East & Africa
Identify commercial opportunities in the global corn bran market by analyzing trends and co-development deals.
The report also covers data insights on various industry forces such as Porter's five forces analysis, supply chain analysis, pricing analysis, regulatory analysis.
Excel data sheet with thousands of data points of global corn bran market-level 4/5 segmentation.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in Excel for the key product of all major market players
The report will provide access to approximately 61 market data tables, 64 figures and close to 180 pages.
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