According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of citrus pulp fibre are estimated to reach a value of USD 307.9 Mn by 2032, surging at a 6.6% CAGR through the decade.
Citrus flavours and the use of citrus ingredients are becoming more popular in the beverage industry. Citrus key flavours – lemon, orange, and lime – have been used for many years, are well-known in many food and beverage categories, and are widely regarded as essential to the categories in which they are used.
Orange is by far the most common citrus flavour profile, and its uses and appeal are well known throughout the world, from fresh fruit consumption to flavouring in confections, drinks, and other food items.
Based on the popularity of citrus products, it is safe to conclude that when you think of citrus fruits, you think of something pleasant and tasty. For example, when it comes to lemon is healthy, safe, and enhances the flavour of food. Vitamin C in juice provides an additional health benefit that is well-accepted by the public and contributes to the popularity of citrus.
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The rising demand for natural, clean-label, and healthy ingredients in the food and beverage industry, especially in emerging markets, is anticipated to fuel the expansion of the citrus pulp fibre market. The primary drivers driving the citrus pulp fibre market include the “Clean Label” movement and the rising demand for foods made with all-natural components.
Key Takeaways from Market Study
- The United Kingdom currently dominates the citrus pulp fibre market, accounting for more than one-third of the global c citrus pulp fibre market share.
- In 2020, the United States will hold the largest share of the citrus pulp fibre market. Increased demand for fortified foods and beverages is paving a new path for the growth of the citrus pulp fibre market in the United States.
- The bakery segment dominated the market and is expected to continue to do so throughout the forecast period for citrus pulp fibre.
- The orange segment commanded the lion’s share of the market. Oranges are a low-calorie, high-nutritional citrus fruit.
“Citrus pulp is becoming more popular in meat products. For example, their properties aid in the preservation of water and fat for juicy meatballs and sausages. Citrus pulp also helps to keep moisture at bay when stuffing meat into steamed buns or dim sums,” says a lead analyst at Future Market Insights.
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Competitive Landscape
Key players in the citrus pulp fibre market are focusing on providing certified, high-quality citrus pulp fibre to their customers. Manufacturers are also heavily investing in research and development for various citrus pulp fibre applications. Furthermore, sales of citrus pulp fibre have increased in the personal care, animal feed, and pharmaceutical segments as people become more aware of its various uses and health benefits. Manufacturers now can increase their market share by offering segment-specific citrus pulp fibre.
- CP Kelco plans to increase its LMA pectin production capacity at its Lille Skensved, Denmark facility by 15% by incorporating advanced technology to extract pectin from a new generation of raw material.
Some of the key players in the Citrus Pulp Fiber Market include Fiberstar, Inc., CP Kelco U.S., Inc., Ceamsa, Cargill, Incorporated, DuPont de Nemours Inc., Lucid Colloids Ltd., Silvateam S.p.a., Yantai Andre Pectin Co. Ltd., Herbstreith & Fox Group, Herbafood Ingredients GmbH, Carolina Ingredients, UNIPEKTIN Ingredients AG.
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Future Market Insights, in its new offering, provides an unbiased analysis of citrus pulp fibre presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on the citrus pulp fibre based on nature (Organic, Conventional), Grade (Food, Pharma), Source (Oranges, Tangerines/ Mandarins, Grapefruit, Lemon and Lime), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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Frequently Asked Questions
- At what rate will the Citrus Pulp Fibre Market grow?
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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