Maize Bran Market Size, Share, Growth, and Industry Analysis, By Type (Non-Gmo, GMO), By Application (Animal Food, Human Food, Edible Oil Industry, Biofuel Industry), Regional Insights, and Forecast To 2032

Updated On: 17 June 2024

MAIZE BRAN MARKET REPORT OVERVIEW

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global maize bran market size was USD 1600 million in 2022 and market is projected to touch USD 2300.68 million by 2032 at CAGR 3.7% during the forecast period.

The maize bran market has seen significant growth owing to its versatile applications across various industries. Maize bran, a byproduct of maize milling, is rich in fiber, protein, and essential nutrients, making it an ideal ingredient in animal feed formulations. With the increasing demand for high-quality animal feed to support the burgeoning livestock industry, the maize bran market has witnessed steady expansion.

The growing trend of incorporating natural and healthy ingredients in animal feed formulations has further boosted the maize bran market. However, challenges such as fluctuating maize prices and the availability of substitutes may hinder market growth to some extent. Nevertheless, strategic collaborations and product innovations by key players are anticipated to create lucrative opportunities in the maize bran market, ensuring its sustained growth in the foreseeable future.

COVID-19 Impact: Market Growth Restrained by Pandemic Due to Labor Shortages

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The maize bran market, like many other sectors, faced significant disruptions due to the COVID-19 pandemic. The pandemic led to supply chain disruptions, labor shortages, and changes in consumer behavior, all of which impacted the production, distribution, and consumption of maize bran products globally. Lockdown measures and restrictions on movement affected the transportation of maize bran, leading to delays and increased costs. Additionally, the closure of restaurants, hotels, and other food service establishments resulted in a shift in consumption patterns, with more people cooking at home. Despite these challenges, the maize bran market showed resilience, with increased demand for animal feed and biofuel applications during the pandemic period.

LATEST TRENDS

"Sustainable Maize Bran Production to Drive Market Growth"

One notable trend in the maize bran market is the increasing focus on sustainable production practices. Consumers are becoming more environmentally conscious, leading to a growing demand for non-GMO maize bran produced using sustainable farming methods. This trend is driven by concerns about the environmental impact of genetically modified organisms (GMOs) and the desire for healthier, more natural food products. As a result, manufacturers are investing in sustainable agriculture practices, such as crop rotation, organic farming, and reducing chemical inputs, to meet consumer demand for sustainable maize bran products.

MAIZE BRAN MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized into Non-Gmo, GMO.

• Non-GMO Maize Bran: Non-GMO maize bran refers to maize bran that is derived from non-genetically modified maize varieties. Non-GMO maize bran is preferred by consumers who are concerned about the potential health and environmental risks associated with GMOs. This type of maize bran is often marketed as a natural and healthier alternative to GMO maize bran.

• GMO Maize Bran: GMO maize bran is produced from genetically modified maize varieties that have been genetically engineered to exhibit certain desirable traits, such as pest resistance or increased yield. GMO maize bran is widely used in the animal feed and biofuel industries due to its enhanced characteristics and higher productivity compared to non-GMO varieties.

By Application

Based on application the global market can be categorized into Animal Food, Human Food, Edible Oil Industry, Biofuel Industry.

• Animal Food: Maize bran is extensively used as a feed ingredient in the animal food industry due to its high nutritional value and affordability. It is commonly added to livestock feed formulations to provide essential nutrients such as fiber, protein, and energy. Maize bran is particularly popular in poultry, swine, and cattle feed formulations, where it helps support healthy growth and development in animals.

• Human Food: Maize bran is also utilized in the human food industry, albeit to a lesser extent compared to its use in animal feed. In human food applications, maize bran is often incorporated into baked goods, breakfast cereals, and snack foods to boost their fiber content and enhance nutritional value. Maize bran can also be used as a thickening agent in soups, sauces, and gravies, adding texture and bulk to food products.

• Edible Oil Industry: Maize bran oil, extracted from maize bran through solvent extraction or cold pressing, is gaining popularity in the edible oil industry due to its high smoke point and mild flavor. Maize bran oil is commonly used for frying, baking, and salad dressings, offering a healthier alternative to traditional cooking oils. Its neutral taste and light texture make it suitable for a wide range of culinary applications.

• Biofuel Industry: Maize bran is a valuable feedstock for the production of biofuels, such as ethanol and biodiesel. The starch content of maize bran can be fermented into ethanol, which is used as a renewable fuel additive or standalone fuel for vehicles. Additionally, maize bran oil can be converted into biodiesel through transesterification, offering an alternative fuel source that reduces greenhouse gas emissions and dependence on fossil fuels.

DRIVING FACTORS

"Growing Awareness of Health Benefits to Boost the Market"

The increasing awareness of the health benefits associated with maize bran consumption is driving the maize bran market share. Maize bran is rich in dietary fiber, vitamins, and minerals, making it a nutritious addition to both human and animal diets. Consumers are increasingly seeking out food products that offer functional health benefits, such as improved digestion, weight management, and cardiovascular health, driving demand for maize bran-based products.

"Expanding Application in Food and Beverage Industry to Expand the Market"

The expanding application of maize bran in the food and beverage industry is fueling market growth. Maize bran is being incorporated into a variety of food products, including baked goods, breakfast cereals, snacks, and beverages, to enhance their nutritional profile and appeal to health-conscious consumers. Additionally, the use of maize bran as a functional ingredient in food formulations, such as gluten-free and high-fiber products, is driving demand among consumers seeking healthier food options.

RESTRAINING FACTORS

"Fluctuating Raw Material Prices to Potentially Impede Market Growth"

One of the key challenges impeding market growth is the fluctuating prices of raw materials used in maize bran production. Maize prices are influenced by factors such as weather conditions, market demand, and government policies, leading to volatility in input costs for manufacturers. Fluctuations in raw material prices can affect the profitability of maize bran producers and result in price fluctuations for end consumers, posing challenges for market expansion and stability.

MAIZE BRAN MARKET REGIONAL INSIGHTS

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"Asia Pacific’s Increasing Demand for Animal Feed to Bolster the Market Growth "

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa

The Asia Pacific region is witnessing significant growth in the maize bran market, driven by increasing demand for animal feed and biofuel applications. Rapid urbanization, rising disposable incomes, and changing dietary preferences are fueling demand for livestock products, driving the need for high-quality animal feed ingredients like maize bran. Additionally, government initiatives promoting renewable energy sources and sustainable agriculture practices are driving the adoption of maize bran in the biofuel industry, further contributing to the maize bran market growth in the region.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Within the dynamic landscape of the maize bran market, key industry players are driving innovation and expansion through strategic initiatives and technological advancements. These players demonstrate a deep understanding of market dynamics and consumer preferences, positioning themselves as leaders in the industry. Through investments in research and development, sustainable sourcing practices, and strategic partnerships, these key players are shaping the future of the maize bran market, driving growth and fostering a culture of innovation and excellence.

List of Market Players Profiled

• Cargill Incorporated (U.S.)
• Grain Processing Corporation (U.S.)
• Didion, Inc. (U.S.)
• Sunflakes Food Products Pvt. Ltd. (India)
• Grain Millers, Inc. (U.S.)
• Bunge North America Inc. (U.S.)
• Lifeline Foods LLC (U.S.)
• Prorich Agro Foods (India)
• Semo Milling LLC (U.S.)

INDUSTRIAL DEVELOPMENT

January 2023: Microbial fermentation for improved digestibility and nutritional value: Research explored using microbial fermentation techniques to enhance the digestibility and nutritional profile of maize bran, potentially increasing its value for animal feed and human consumption. Fermentation can promote the growth of beneficial gut bacteria, which produce prebiotics. These prebiotics further aid digestion and contribute to a healthy gut microbiome.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.