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The global corn bran market is primarily being driven by the rising awareness among the consumers about its health benefits. Corn bran proves essential in boosting the essential fibre levels in the body. The rising demand for fibre-rich food products has led to the growth of the corn bran industry. The market is also being aided by the rising demand for clean label products, which contain lower added sugar and better-for-you-ingredients. The introduction of non-GMO corn bran variants by leading players in the industry like Cargill is expected to provide the market a further boost.
Corn bran is widely consumed in North and Latin America, with United States being one of the leading producers of corn. The high penetration of corn bran in Europe also makes the region another lucrative market for the product. Asian countries with some of the highest population densities of the world are also aiding the market growth. The rise in the distribution channels is also boosting the demand for the product. The product is widely available on e-commerce platforms like Amazon.com, Inc. (NASDAQ: AMZN), and hypermarkets like Walmart Inc (NYSE: WMT). The market is also expected to be driven by the rising demand for allergen-free and gluten-free food products.
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The major players in the global corn bran market are Cargill, Incorporated., Grain Processing Corporation, Didion, Inc., Sunflakes Food Products Pvt. Ltd., and Grain Millers, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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