Corn Bran Market is Segmented By Nature (Organic, Conventional), By Application (Food & Beverages, Feed, Nutritional Supplements, Others), By Distribution Channel (B2B, B2C) and By Region (North America, South America, Europe, Asia Pacific, Middle East & Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Corn Bran Market Size
The Global Corn Bran Market has reached USD 2,534.3 million in 2022 and is projected to witness lucrative growth by reaching up to USD 3,415.3 million by 2030. The market is growing at a CAGR of 3.8% during the forecast period (2024-2031).
As food manufacturers seek to differentiate their products and meet changing consumer preferences, they are exploring new ways to use corn bran in food product development. For instance, corn bran can be used to create new textures and flavors in baked goods, or to add nutritional value to smoothies and other beverages which drives the corn bran market value. Corn bran is a good source of insoluble fiber, which can help to promote regular bowel movements and prevent constipation. The fiber in corn bran may also help to reduce the risk of colon cancer by promoting the growth of beneficial bacteria in the gut which further drives the market size. Studies have shown that consuming corn bran can help to reduce levels of LDL cholesterol (the "bad" cholesterol) in the blood.
Corn Bran Market Summary
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Metrics |
Details |
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Market CAGR |
3.8% |
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Segments Covered |
By Nature, By Application, By Distribution Channel, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Corn Bran Market Dynamics
Increasing Demand For Healthy & Nutritious Food Products Is Expected To Drive The Market Growth
The growing awareness among consumers about the health benefits of consuming corn bran is the key driver which helps the market to grow. In addition, there is a rise in the demand for corn bran as it reduces the risk of prostate cancer as well as improves bone health, nervous system, and muscular functions. Along with this, the escalating healthy & nutritious food is contributing to the growth of the market. Moreover, there is an increase in the demand for corn bran in the food and beverage industry to promote fiber content in bakeries, confectioneries, and snacks around the world coupled with the growing utilization of corn bran to provide nutritional products to cattle and livestock, is positively influencing the market.
For instance, According to USDA, the higher yield number has led to an increase of 278 million bushels in the production estimate for US corn in the 2020-21 marketing year, which runs through September to August. The USDA saw US corn production in 2020-21 to be at a record 15.278 billion bushels.
The Side Effects Associated With Corn Bran Hampers The Market Expansion
Corn bran is generally considered safe for consumption and is recognized as a healthy source of dietary fiber. However, consuming large amounts of corn bran may lead to some 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. Corn bran contains phytic acid, which can bind to certain minerals like iron and zinc, making them less available for the body to absorb. Consuming large amounts of corn bran over time may lead to nutrient deficiencies which hampers the corn bran market revenue.
Corn Bran Market Segmentation Analysis
The global corn bran market is segmented based on nature, application, distribution channel and region.
Food & Beverages Segment Accounted For The Highest Share Of The Global Corn Bran Market
In 2022, the food & beverages segment had the highest revenue share of more than 32%. The key manufacturing companies focus on establishing online product availability. Various companies also offer products on their own websites and through various channels. In addition, various companies are introducing corn bran for various industries such as food, cosmetics, household, and others. The variety of applications associated with corn bran increases its demand in the market thereby helping the market to grow in the forecast period.
Corn Bran Market Geographical Share
North America Holds Highest Share In The Global Corn Bran Market
In 2022, North America had the highest revenue share of almost 36%. The region has well-developed food & beverage, feed, nutritional supplements, and others, where the demand for plant-based, healthy and nutritious food is increasing. Consumers in the U.S. prefer to eat healthy products with medicinal properties which again adds to the growth of the market. The region has fragmented into various industries. In addition, corn bran is also used in majority of the household applications as an ingredient. Thus, the increased usage of corn bran in variety of applications is driving the growth of the market.
For instance, Cargill, Incorporated, launched MaizeWise Corn Bran to the people. MaizeWise maize bran insoluble fibre products are an appealing choice for clients who want to increase the amount of dietary fibre in their products. It is possible to use maize bran in baked goods, cereals and snacks to its versatility.
Corn Bran Market Companies
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.
COVID-19 Impact on Corn Bran Market
The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, business close, and travel bans. Food and 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 facility 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.
Furthermore, the restrictions on the import-export restrictions imposed by governments in various regions such as North America, Asia, and Europe are hindering geographical expansion, business collaboration and partnership opportunities. Thus, these factors are hindering the growth of the corn bran market.
Key Developments
- 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.
Why Purchase the Report?
- To visualize the global corn bran- market segmentation based on nature, application, distribution channel and region as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of corn bran market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global corn bran market report would provide approximately 53 tables, 54 figures and 195 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
