Future Market Insights’ 250 Pages Citrus Fiber Market Survey Presents Optimistic Growth Forecast amid Rising Demand for Natural Food Ingredients

As per a study by FMI, the global citrus fiber market is likely to account for a market revenue of US$ 110 million in 2021. Rising at 5.2% CAGR, the market valuation is expected to reach US$ 184.9 million by the end of 2031.

Growing demand for citrus fiber from the food and beverages industry is a key factor boosting the market growth. Increasing usage of hydrocolloids as emulsifiers and gelling agents in bakery, sauce, frozen desserts, dairy, and meat products is creating lucrative growth opportunities for the citrus fiber market.

Coupled with aforementioned factors, the market will continue gaining momentum in response to the rising adoption of natural ingredients such as citrus fiber in the production of cosmetics and personal care products, owing to its high vitamin C, moisture control, and texturizing properties.

As per the report, North America accounts for the largest market share in the global citrus fiber market. Owing to the high demand for food-based citrus fiber and organic cosmetics & personal care products the region is expected to emerge as a center point for the expansion of the market, growing at a CAGR of 5.8%.

 “With the emergence of e-commerce, the companies operating in the market are emphasizing on developing innovative strategies such as improving their digital presence, to cater to increasing demand from pet food sector owing to a recent humanization trend in pet care,” says the FMI analyst. 

Key Takeaways

  • The U.S. is leading the market in North America and is estimated to hold a market share of over 89.1% in the region through 2031.
  • Owing to high demand for fat substitutes, the market for citrus fiber in Germany is likely to reach a valuation of US$ 7.6 million in 2021.
  • In Latin America, Brazil is dominating the market and is projected to hold more than 45% of citrus fiber consumption in the region.
  • China is expected to account for a market share of over 58% in the East Asia market, favored by presence of prominent food and beverage manufacturers.
  • India is dominating the market in South Asia with a market share of over 45% and is predicted to emerge as a lucrative market, growing at a CAGR of 6.6% during the forecast period.

Key Drivers

  • Increasing usage of citrus fiber in the food and beverage sector will bolster the growth of the market.
  • Growing consumer preference towards organic cosmetics and personal care products will fuel the demand for citrus fiber
  • Rising awareness regarding the health benefits of citrus fiber such as preventing digestive ailments and improving skin tone will boost the market growth.

Key Restraints

  • Volatility in the cost of raw material restraining the market growth.
  • Adverse effects associated with citrus fiber are hampering the growth of the market.
  • Availability of substitutes is a factor negatively affecting the demand for citrus fiber.

Competitive Landscape

The key players operating the in the citrus fiber are aiming at launching new products and enhancing their online presence on digital platforms to increase the market share. For instance,

  • Orange Fiber, has announced the launch its new fabric range made using citrus fiber and pulp and has collaborated with Marinella and H&M brands.
  • In 2019, Fiberstar Inc. announced a launched of new website for citrus fiber named, Citi-Fi, to improve its digital presence and showcase its products across the globe.

Some of the leading players operating in the citrus fiber market profiled by FMI are:

  • Fiberstar, Inc.
  • CP Kelco, Inc.
  • Herbafoods Ingredients GmbH
  • Florida Food Products, Inc.
  • Lemont
  • Golden Health
  • FUYAN PHARM (Henan), Inc.
  • Nans Products
  • Cifal Herbal Private Ltd.

Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-13325

More Insights on the Citrus Fiber Market:

FMI provides an unbiased analysis of the citrus fiber market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global newborn screening market with a detailed segmentation on the basis of:

By Grade:

  • Food Grade
  • Pharmaceutical Grade
  • Cosmetic Grade

By Source:

  • Orange
  • Tangerine/Mandarins
  • Grapefruit
  • Lemons and Lime

By Application:

  • Bakery
  • Desserts and Ice-cream
  • Sauces & Seasonings
  • Meat & Egg Replacement
  • Beverages
  • Flavorings & Coatings
  • Snacks & Meals
  • Personal Care
  • Pharmaceutical
  • Other Application

By Function:

  • Water Binder & Fat Replacer
  • Thickening Gums
  • Gelling Gums
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

Key Questions Covered in the Citrus Fiber Market Report 

  • The report offers insight into Citrus fiber demand outlook for 2021-2031
  • The market study also highlights projected sales growth for citrus fiber market between 2021 and 2031
  • Citrus fiber market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry 
  • Citrus fiber market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others 

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