Market Overview
Market Research Future (MRFR) expects the citrus fiber market is to record a development rate of 3.17% between 2019 and 2028. The market valuation will be USD 431.8 million by the end of 2028.
Market Drivers and Key Barriers
Mounting concerns about the additives present in foods as well as meat has made clean label almost a prerequisite for the citrus fibers market. In view of the toxic effects of synthetic additives on the human body, many of the processed food developers are infusing natural alternatives in their products, such as citrus fiber market. Citrus fiber in processed meat acts as a natural alternative to ingredients like sodium tripolyphosphate, reducing its adverse impact on the product integrity. Given the surge in this kind of replacement formula, the global market should continue to expand at a rapid rate from 2019 and 2028.
Surge in disorders including cancer, allergies, diabetes, and cardiovascular disorders has prompted the population to increasingly opt for a healthy lifestyle. This involves using natural, organic and healthy ingredients. Given the rise in health concerns, food developers are using natural emulsifier extracts, which have a large surface area that allows them to pull oil and water. Additionally, the fibrous compositions have hydrophilic and lipophilic ends that help attract moisture and oil to the matrix, which further binds them together. This will be a major growth booster for the worldwide industry in the upcoming years.
Key Players
The major citrus fiber developers are CP Kelco Inc (United States), Herbafoods Ingredients GmbH (Germany), Nans Products (India), FUYAN PHARM Inc. (China), Fiberstar Inc (United States), Cifal Herbal Private Ltd (India), Golden Health (China), Lemont (China), Ceamsa (Spain), Florida Food Products, Inc. (United States), and others.
Market Segmentation:
Some of the primary applications of citrus fiber are personal care, food & beverages, and more. Food & beverages-based segments can be meat substitutes, dairy & frozen desserts, bakery & confectionery, meat products, beverages, and others. Food & beverages segment will remain dominant throughout the evaluation timeline, garnering the highest growth rate as well. On the other hand, the personal care segment should continue to soar at a decent pace in the coming years. Major manufacturers are progressively developing pectin-based cosmetics. In the forthcoming years, personal care products as well as cosmetics infused with natural ingredients should register significant demand.
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Regional Analysis
The North American market for citrus fiber gains maximum traction, given the expansive consumer base and the strong presence of renowned firms in the region. Significant discretionary consumer income along with their high spending on organic and plant-based items as well as dairy alternatives should enhance the citrus fiber market size in subsequent years. The mounting demand for packaged convenience food will further propel the market demand.
Europe will be another formidable market for citrus fiber, given the easy availability of these products, high number of cafes and restaurants, and the thriving hotel industry. Countries like France, Germany, Spain, the United Kingdom and Italy will be heading the European market in the following years.
Asia Pacific will be the fastest-developing market in the years to come, driven by the evolving lifestyle of the consumers, in line with surging purchasing prowess and mounting health awareness among people. Soaring number of health-conscious consumers, especially among the Gen Z population and millennials in the region would bolster the market value.
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The new Citrus Fiber Market report offers a comprehensive study of the current scenario of the market including major market dynamics.
Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country.
Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Citrus Fiber Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/citrus-fiber-market/download-sampleMarket DynamicsCitrus fiber has received attention in recent years due to its multiple health benefits.
The market is expected to witness significant growth in the forecasted period.
Manufacturers using citrus fibers instead of artificial ingredients and fats will further lead to its market expansion.
The global citrus fiber market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth.
With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each citrus fiber market player in a comprehensive way.
Further, the citrus fiber market report emphasizes the adoption pattern of the citrus fiber across various industries.The citrus fiber market report highlights the following players:Quadra ChemicalsHerbstreith & FoxLucid Colloids Ltd.Silvateam S.p.A.OthersThe citrus fiber market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.A new FactMR study on citrus fiber market finds that the market grew at a healthy 4.3% y-o-y over 2017 to surpass US$ 92 million by the end of 2018.
The study underscores how the health & wellness trend and the clean label movement are bolstering the influence of health-conscious consumers on growing adoption of citrus fiber in packaged food products.“Citrus fiber is gaining popularity as a natural specialty food ingredient, which is commonly used as an emulsifier and water-binding agent in various food products such as bakery, meat & dairy products, beverages, sauces & seasonings, and desserts.
As modern consumers are becoming highly scrupulous about ingredients of packaged food products before making a purchase, a burgeoning number of food manufacturers are replacing fats and artificial ingredients with citrus fiber,” says a lead analyst at Fact.MR.Request a Sample Copy of Concerned Report - https://www.factmr.com/connectus/sample?flag=S_id=2305Bakery Products – The Largest Application Segment in the Citrus Fiber MarketCitrus fiber products find multifold applications in the food & beverage industry, as they benefit various food & beverage products through nutritional improvements and textural enhancements.
The Fact.MR study reveals that bakery is the largest application of citrus fiber in the food & beverage industry, as the adoption of citrus fiber in bakery products has increased significantly over the past few years.
