Citrus Fiber Market Overview
Market Research Future (MRFR) expects the citrus fiber market 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 labels almost a prerequisite for the citrus fibers market. In view of the toxic effects of synthetic additives on the human body, many processed food developers are infusing natural alternatives in their products, such as citrus fibers. Citrus fiber in processed meat acts as a natural alternative to ingredients like sodium tripolyphosphate, reducing its adverse impact on product integrity. Given the surge in this kind of replacement formula, the global market should continue to expand at a rapid rate between 2019 and 2028.
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The 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.
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. The 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.
Regional Outlook
The North American market for citrus fiber market 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 the citrus fiber market, given the easy availability of these products, a 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.
The 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. The soaring number of health-conscious consumers, especially among the Gen Z population and millennials in the region would bolster the market value.
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.
Industry Developments
December 2021
Fiberstar Inc., the renowned developer of high-performance citrus fibers, has launched methylcellulose-free solutions to develop clean label meat substitutes. The new Citri-Fi TX20 texturizing citrus fiber can be utilized with certain plant-based proteins including potato and canola to produce methylcellulose-free meat analogs. The methylcellulose-free solutions are clean label, and the labeling options are citrus fiber, citrus flour, or dried citrus pulp.
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