Global Corn Fiber Gum Market Overview:
Corn fiber gum is an alkaline extract of corn fiber. The corn fiber gum can widely be used as an alternative to acacia gum as acacia gum is costly to import and it is produced in countries that are politically disturbed and unregulated in terms of the market. The corn fiber gum is a lot cheaper to produce and export. The corn fiber gum market is expected to grow in the future due to the rising demand in the pharmaceutical and food & beverage market.
As per latest study released by AMA Research, the Global Corn Fiber Gum market is expected to see growth rate of 5.5%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Strict Government Regulation to Safeguard the Environment
Market Growth Drivers:
Increase in Awareness of Healthy Food Style and Increasing demand from food & beverages industry
Challenges:
Fluctuation in the Price of Raw Material
Restraints:
Allergic Reaction of Corn Fiber Gums
Opportunities:
Increase in High-quality Cloudy Beverages and Flavored Food and Rising Demand in Developing Countries
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Monsanto (United States), Bayer AG (Germany), Eastman Chemical (United States), Grain Processing (United States) and Ingredion Incorporated (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Corn Fiber Gum market by 2030.
Latest Market Insights:
On May 18, 2023, Cargill, Incorporated announced the expansion of its corn fiber gum production capacity at its facility in Blair, Nebraska, to meet the growing demand for this ingredient in the food and beverage industry.
On January 12, 2023, Ingredion, Inc. announced the launch of its new HOMECELL® LF corn fiber gum, a label-friendly, clean-label ingredient for various food and beverage applications.
What Can be Explored with the Corn Fiber Gum Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Corn Fiber Gum Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Corn Fiber Gum
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Corn Fiber Gum market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Corn Fiber Gum market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Corn Fiber Gum Manufacturers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.