Global Soluble Corn Fibre Market Size By Type (Soluble Corn Fibre��?Purity�??��?70%��?, Soluble Corn Fibre��?Purity�??��?85%��?), By Application (Dairy Products, Infant Food), By Region, And Segment F...

Report Id: 10564 | Published Date: Feb 2023 | No. of Pages: | Base Year for Estimate: Feb 2023 | Format:


The Global Soluble Corn Fibre Market was valued at USD 2.1 billion in 2023 and is projected to reach USD 3.8 billion by 2031, growing at a CAGR of 6.7% during the forecast period (2023–2031). Soluble corn fibre, a dietary fibre extracted from corn starch, is widely used as a functional ingredient in food and beverage products. Its health benefits, including improved digestive health and reduced sugar content in foods, drive its adoption. Rising consumer preference for functional and low-calorie foods, coupled with an increasing focus on gut health, contributes significantly to market growth.

Drivers:

Rising Health Awareness: Growing health consciousness among consumers has spurred demand for dietary fibres like soluble corn fibre due to its role in improving gut health and reducing calorie content in foods.

Expansion of Functional Food & Beverage Industry: Increasing innovation in the functional food and beverage sector, targeting specific health benefits such as weight management and digestive health, is a major growth driver.

Consumer Shift to Plant-Based Ingredients: The preference for plant-based ingredients in food formulations further propels market demand.

Restraints:

High Production Costs: The extraction and processing of soluble corn fibre can be cost-intensive, limiting its affordability in price-sensitive regions.

Lack of Awareness in Emerging Markets: Limited consumer awareness about the benefits of soluble corn fibre in certain regions hampers its broader adoption.

Opportunity:

Innovation in Product Applications: There is immense potential for product innovation, particularly in beverages, bakery items, and dairy products, where soluble corn fibre can replace traditional thickeners or enhance fibre content.

Growth in Emerging Markets: Rapid urbanization and evolving dietary patterns in Asia-Pacific and Latin America present significant growth opportunities.

Market by Application Insights:

The Food & Beverages segment dominated the market in 2023, with the highest revenue share. Soluble corn fibre's versatility as a prebiotic and sugar substitute makes it popular in a variety of applications, including beverages, bakery products, and dairy.

Market by End-use Insights:

The Functional Foods segment led in 2023, driven by increasing consumer demand for health-promoting foods targeting gut health, weight management, and immunity.

Market by Regional Insights:

North America accounted for the largest market share in 2023, owing to high consumer awareness and significant advancements in the functional food industry.

Asia-Pacific is expected to witness the highest CAGR during the forecast period, fueled by rising disposable incomes, growing urbanization, and increasing awareness of dietary fibres.

Competitive Scenario:

Key players in the Global Soluble Corn Fibre Market include:

Tate & Lyle PLC

Archer Daniels Midland Company

Cargill, Incorporated

Roquette Frères

Ingredion Incorporated

These companies are focusing on product innovation, expanding production capacities, and forming strategic collaborations to strengthen their market position.

Scope of Work – Global Soluble Corn Fibre Market

Report Metric

Details

Market Size (2023)

USD 2.1 billion

Projected Market Size (2031)

USD 3.8 billion

CAGR (2023-2031)

6.7%

Key Segments

Application, End-use, Region

Growth Drivers

Rising health awareness, functional food demand

Opportunities

Innovation, growth in emerging markets

Key Market Developments:

2023: Tate & Lyle launched an advanced soluble corn fibre product targeting gut health in functional beverages.

2024: Ingredion introduced a cost-effective fibre blend for bakery applications.

2025: Cargill expanded its production facility in North America, enhancing capacity for soluble corn fibre.

FAQs:

What is the current market size of the Global Soluble Corn Fibre Market? The market was valued at USD 2.1 billion in 2023.

What is the major growth driver of the Global Soluble Corn Fibre Market? Rising consumer awareness about health benefits and demand for functional foods drive market growth.

Which region holds the largest share during the forecast period? North America held the largest market share in 2023.

Which segment accounted for the largest market share in 2023? The Food & Beverages segment dominated the market by application.

Who are the key players in the Global Soluble Corn Fibre Market? Key players include Tate & Lyle PLC, Archer Daniels Midland Company, Cargill, Roquette Frères, and Ingredion Incorporated. 

Download Sample Report

Speak with an analyst to get exclusive insights tailored to your needs