The worldwide citrus fibers market is projected to expand at an impressive pace from 2017 to 2022. The vast nutritional benefits and functional properties possessed by citrus fibers is a key factor propelling their demand among end-consumers. The rising awareness about the benefits of dietary fiber in preventing breast cancer and improving bowel movements is a key factor boosting the consumption of citrus fiber-added food products.
Among other food grades, the food grade citrus fiber is projected to rise at the leading annual growth, in terms of revenue, over the forecast period. Regionally, the Asia Pacific Excluding Japan (APEJ) market for citrus fiber is projected to rise at the leading CAGR of 5.1% during the forecast period.
The opportunities in the global citrus fiber market is predicted to be worth US$ 382.3 Mn by the end of the forecast period. The market is estimated to rise at a CAGR of 4.6% from 2017 to 2022.
Nutritional Benefits of Naturally-Sourced Dietary Fiber Boost Uptake
The intensifying need for naturally sourced dietary fiber for preventing various diseases is a key factor boosting the demand for citrus fiber. The insoluble dietary fibers obtained using citrus peel is witnessing extensive demand due to the presence of bioactive compounds, notably flavonoids, carotene, and polyphenols. Citrus-fiber added food products are increasingly being consumed owing to the preference of consumers toward consuming foods that are nutritionally enhanced with the addition of all-natural fiber. Sourced from non-allergen ingredients, their demand is attributed to their substantial health-benefits in digestion and in preventing breast, colon, and gastric cancers.
Vast Functional Properties Coupled with Neutral Taste and Odor Bolster Demand
Citrus fiber is gaining popularity among processed food manufacturers on account of several functional benefits they impact to the final products. Citrus fibers are neutral in taste, flavor, and odor and their addition improves the texture and taste of final products. In many cases, the addition of citrus fiber to foods such as meat and cheese is cost effective, possible by reducing the formulation cost with the replacement of costly ingredients with citrus fibers. In addition, they substantially enhance the nutritional benefits by improving the fat metabolism, and in many cases reduce the fat content. Furthermore, the citrus fiber-added processed food are easier to cook.
Functional Clean Label Boost Demand among Natural Takers
The demand for natural food ingredients in processed food products in recent years has also boosted the demand for citrus fiber. An increasing number of producers prefer to include citrus fibers in various food items as it enables them to go for a clean label, without being concerned about the E-number.
Food Grade Projected to be Leading Segment
The vast functional properties that citrus fiber can impart to a variety of food products, including meat and bakery products, is a primary factor accounting for the major share hold by the food grade citrus fiber, among other grades. The market is anticipated to account for a market share of 64.4% by 2022 end.
The major regional markets for citrus fibers are North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ) and MEA. Of these, the APEJ market is anticipated to expand at CAGR of 5.1% from 2017 to 2022 and will be worth US$ 99 Mn by the end of 2022.
Meanwhile, the Middle East and Africa (MEA) citrus fiber market is forecast to create an opportunity of US$ 3.3 Mn between 2017 and 2022.
Key players operating in the global citrus fiber market include Ceamsa, Fiberstar, Inc., Quadra Chemicals Ltd., Cargill, Inc., and Florida Food Products. Leading players are developing cost-effective formulations for citrus fiber-added food products. In addition, they are spending on research and development on processing technologies to consolidate their presence in major regions.
Citrus Fibre Market: Overview
A recently published report by Transparency Market Research (TMR) offers an elaborate assessment of key factors influencing the growth of the global fiber market for the forecast period of 2017 - 2022. The analysis provides in-depth insights into the key drivers and restraints, notable trends, emerging opportunities, and strategic landscape. The study takes a closer look at the recent technological advancements impacting the market and identifies lucrative avenues for various players to capitalize on across different geographic regions. Evaluating the regulatory landscape in major regions, the report offers an incisive analysis of the major product launches and their scope. In addition, the study zeroes in on recent developments and factors boosting the prominent applications of citrus fiber in key industries.
Citrus Fibre Market: Dynamics
The report offers a detailed assessment of key trends and developments driving the evolution of the citrus fiber market. The soaring interest among consumers toward the intake of daily dietary fibres in their food on account of their physicochemical properties is a primary factor propelling the demand for citrus fibers. This is attributed to the recognition of the large number of nutritional benefits and functional properties of citrus fibers which helps in fighting several diseases, especially various digestive ailments and cancer types. The rising popularity of all-natural fiber obtained from citrus peel is a key factor boosting the demand for citrus fibers. The obtaining of citrus fibers from non-allergen sources is a crucial factor favourably impacting the demand among various populations.
The food industry is witnessing a soaring application of citrus fibers since they are neutral in taste, odour, and colour. In addition, the growing popularity of various food producers in adding citrus fiber to various food products, especially meat, enables them in improving the yield and enhance the quality of end products. In addition, citrus fiber-added food products are gaining traction among market players in producing cost-effective nutritional products. The production of citrus fibers using advanced processing technologies imparts novel functionalities, which is likely to bolster their applications in various end-use industries, such as food and pharmaceutical.
Citrus Fibre Market: Segmentation
The report segments the global citrus fiber market on the basis of grade, function, application, and geography. Based on grade, the worldwide market is mainly categorized into food and pharmaceutical. Of these, the food grade witnesses a widespread demand for citrus fibers. The segment is predicted to expand at the leading rate during the forecast period, in terms of revenue.
The major functional segments of the market are water binder and fat replacer, thickening gums, and gelling gums. Based on application, the citrus fiber market is segmented into bakery, desserts and ice-cream, sauces and seasonings, meat and egg replacement, beverages, flavourings and coatings, snacks and meals, personal care, and pharmaceuticals. The report offers an elaborate assessment of factors and recent development boosting the demand for citrus fiber in various segments.
Citrus Fibre Market: Competitive Landscape
In this section, the study offers a detailed profiling of key market players, their recent offerings, and research and development activities. The research employs industry tools such as SWOT analysis to evaluate the potentialities of various vendors, and analyses the impact of major investments and collaborations made by them. The research further highlights key strategies adopted by various players in order to consolidate their shares. Key players profiled in the report include Ceamsa, Fiberstar, Inc., Quadra Chemicals Ltd., Cargill, Inc., and Florida Food Products.
Several players are focusing on developing novel and cost-effective formulations of citrus fiber-added food products to gain a competitive edge over others in the market.
Global Citrus Fibre Market, By Function
- Water Binder and Fat Replacer
- Thickening Gums
- Gelling Gums
Global Citrus Fibre Market, By Grade
Global Citrus Fibre Market, By Application
- Desserts and Ice-Creams
- Sauces and Seasonings
- Meat and Egg Replacement
- Beverages, Flavorings and Coatings
- Snacks and Meals
- Personal Care
Global Citrus Fibre Market, By Geography
- North America
- Latin America
- GCC Countries
- South Africa