The global citrus pulp fibre market is anticipated to be valued at US$ 173.2 million by 2023, with a CAGR of 6.8% by 2033. Citrus pulp fibre sales are expected to account for a portion of the global food processing industry in 2023. The Asia Pacific citrus pulp fibre market is predicted to grow at a 10.8% CAGR.
According to FMI, this is due to rising customer demand for plant-based products. Citrus pulp fibre is natural and sustainable because it is a byproduct of citrus fruit processing, making it more appealing to customers and manufacturers looking for environmentally friendly components in their products. Citrus pulp fibre offers a wide range of applications, including baking, beverages, and confectionery. The growth of these industries drives the growth of this industry.
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The seasonal availability of citrus fruit causes price fluctuations and supply uncertainty, which can be tough for suppliers and manufacturers. While citrus fibre provides benefits, it is not the only product available. It must compete with oat fibre, wheat bran, and cellulose-based fibres. As a result, the goods market becomes exceedingly competitive.
According to FMI, citrus pulp fibre is preferred by the emerging functional food and dietary supplement industry due to its textural stability, nutritional value, and suitability for use in a variety of products. As a result, the citrus pulp industry grows.
Key Takeaways
- According to FMI, the United States market is expanding at a CAGR of 20.4%, due to the increasing veganism movement in 2022.
- The German market is anticipated to be growing at a CAGR of 6.8% in the year 2022.
- The Japanese market is showing promise of growing to a CAGR of 6% in the same year.
- FMI observed that the market of Australia grew at a CAGR of 2.1% in 2022.
- The Chinese market expanded at a CAGR of 10.8% in 2022, due to consumer awareness towards sustainable products.
- India showed a CAGR of 6.9% in 2022, as the effect of the combined causes of sustainability and a growing consumer preference for plant-based items.
- The United Kingdom market inflated at a CAGR of 4.5% in 2022, based on research done by FMI. This lower CAGR is due to price and availability fluctuations.
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Competitive Landscape
The key players in the market are mainly focusing on providing certified, high quality, citrus pulp fibre to their customers. Manufacturers are also investing a considerable amount on research and development for various citrus pulp fibre applications. Its sales have increased in the personal care, animal feed, and pharmaceutical segments, as the consumers become more aware of its various benefits.
- Fiberstar, Inc
Fiberstar has released a natural citrus fibre called Citri-Fi, which is a clean label and natural citrus fibre that provides multiple functionalities that can be used to improve product texture, nutrition, costs and labelling. It has High water holding capacity, Emulsification properties, as well as gelling properties in low pH/high Brix conditions. It can be used in many parts of the food industry such as bakery, beverages, dressings and sauces, dairy, etc.
- Ceamsa
Ceamfibre® is a natural fibre ingredient purified from citrus peel with high functional properties for a wide variety of applications. Its great technological properties are due to a high water- and oil binding capacity and heat stability.
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Citrus Pulp Fiber Market by Category
By Nature:
- Organic
- Conventional
By Grade:
- Food
- Pharma
By Source:
- Oranges
- Tangerines/ Mandarins
- Grapefruit
- Lemon
- Lime
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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