According to IMARC Group's latest research report, titled "Corn Bran Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," presents a comprehensive analysis of the industry, covering corn bran market size, share, trends, demand, and growth prospects. The report also provides competitor and regional analysis and showcases the contemporary advancements in the global market.
The global corn bran market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2028, exhibiting a growth rate (CAGR) of 2.5% during 2023-2028.
Corn bran is an excellent source of fibre that is made from the hard outer shell of corn. It is a good source of essential nutrients such as vitamins, minerals, antioxidants, iron, magnesium, phosphorus, and B vitamins, that are contributing to overall health and well-being. It improves the body's ability to repair tissues, cells, and muscles while providing structural support and enhancing the immune system. It also helps form white blood cells (WBCs) that act as antibodies that help fight numerous infections and diseases, including Crohn's disease, asthma, rheumatoid arthritis, and bladder cancer. Besides, it is widely incorporated into cereals, bread, muffins, and other baked goods to enhance their fiber content and provide a pleasant texture. Additionally, it serves as a valuable ingredient in animal feed, contributing to the overall health and well-being of livestock.
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The rising awareness among individuals about the health benefits of corn bran is driving the global market. Along with this, the rising incidence of lifestyle diseases, such as obesity, diabetes, and cardiovascular conditions, is catalyzing the demand across the globe. Besides, the increasing consumer preferences for active lifestyles and healthier diets are propelling the market. Moreover, several leading players are developing new recipes, improving taste and texture, and creating value-added products which is acting as another growth-inducing factor. Apart from this, the growing demand for gluten-free alternatives is impacting the market as corn bran serves as a valuable ingredient in gluten-free products, such as bread, pastries, and cereals, catering to the needs of individuals with gluten-related dietary restrictions.
The report has segmented the market into the following categories:
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