Citrus Fiber Market: Expansion Strategies Set to Generate Substantial Revenue in the Near Future || Competition Landscape- Fiberstar, Ceamsa, Florida Food Products, Herbstreith & Fox, Lucid Colloids Ltd.
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Large-scale citrus fiber manufacturing companies are streamlining their product innovation strategies by investing heavily in R&D and strengthening their association with research institutions. A solid pipeline of active chemistry and manufacturing technologies is enabling market leaders to introduce citrus fiber products with higher nutritional and savory properties, and ultimately gain a competitive edge in the citrus fiber market.
Despite a steady decline in citrus production and utilization in developed regions, citrus fiber markets in North America and European Union continue to witness exponential growth. A plethora of American and European food & beverage companies with product lines suitable for citrus fiber have generated more business for citrus fiber manufacturers in these regions.
Also, citrus fibers meet the U.S. Food and Drug Administration’s (FDA) new definition of dietary fibers, which is making American consumers more aware about the safety and benefits of consuming food products manufactured using citrus fibers. Growing health awareness among consumers and demand for food products with natural ingredients, such as citrus fiber, is boosting the growth of the citrus fiber markets in developed regions.
Additionally, natural food ingredients markets making rapid strides in Europe is funneling innovative ideas in local manufacturers to extract citrus fiber from organic waste generated during citrus fruit productions to envisage profitable growth in the upcoming years.
Growing Popularity of Citrus Fiber as a Fat Replacement Ingredient Augments its Adoption
Increasing trend of healthy-eating is reflecting in the growing popularity of low-fat and low-calorie food products. This is contributing to the increasing demand for natural food ingredients, such as citrus fiber, which can act as a naturally replace fat in foods. Manufacturers in the citrus fiber market are promoting the benefits of citrus fiber in activating proteins in a variety of food products, including meat, dairy, and bakery products, to improve sales. The mounting number of label- and health-conscious consumers is steering food manufacturers into replacing fats with citrus fiber.
Also, apart from using citrus fiber for reducing fat contents, citrus fiber market players are encouraging its adoption for replacing expensive food ingredients such as gums, dairy, and eggs, to reduce overall cost of the end-product. Owing to its fat-reducing and water-binding properties, citrus fiber is witnessing rising demand in the food & beverage space, thereby manufacturers in the citrus fiber market are gaining considerable traction.
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Manufacturers Aim to Capture Lucrative Opportunities across Wide-ranging Industrial Sectors
Apart from the food & beverage industry, citrus fiber finds versatile applications in other industrial sectors, such as personal care & cosmetics and pharmaceuticals, as citrus fruits are a rich source of minerals and vitamins. Growing awareness among consumers about the hazardous effects of chemicals in personal care products is bolstering the demand for personal care products and cosmetics with natural ingredients. Manufacturers in the citrus fiber market are modifying their manufacturing and marketing strategies to bring out skin and hair health benefitting properties of citrus fiber, in order to capture untapped opportunities in the personal care & cosmetics and pharmaceuticals industries.
The Fact.MR report provides comprehensive information about recent company developments in the citrus fiber market. With the help of detailed financial information about leading citrus fiber market player, the Fact.MR report helps readers to fathom the competitive outlook of the citrus fiber market.
Key players featured in the citrus fiber market report are Fiberstar Inc., Compañía Española de Algas Marinas S.A. (CEAMSA), Herbafood, Florida Food Products, Cargill, Inc, Quadra Chemicals, Naturex, Herbstreith & Fox, Lucid Colloids Ltd., DuPont, Silvateam S.p.A., and CP Celco.
Fiberstar Inc., a Brazilian manufacturer of citrus fiber, recently launched Citri-Fi® 150 – an innovative citrus fiber for pet food products. The company has entered the pet food segment with the launch of Citri-Fi to further expand its portfolio of citrus fiber product offerings. Cargill Inc., recently acquired animal feed business of Southern States Cooperative Inc. – a U.S.-based farm supply retailer. This may translate into Cargill’s plan to enter the pet food industry to gain a competitive edge in the citrus fiber market.
Cargill also announced that it entered a strategic agreement with Gillco Ingredients, wholesale distributor for organic and non-GMO ingredients, to further expand its network of citrus fiber distributors across the U.S. Other stakeholders, such as DuPont and Ceamsa, in the citrus fiber market are aiming to leverage the trend of healthy eating to boost the sales of citrus fiber and gain momentum in the citrus fiber market in the upcoming years.
The citrus fiber market is broadly segmented according to the source, grades, functions, and applications of citrus fiber. According to sources of citrus fiber, the citrus fiber market is segmented into four categories – orange, tangerine/mandarins, grapefruit, and lemons and limes. The citrus fiber market is segmented into two types according to its grades – food and pharma.
According to the functions of citrus fiber, the citrus fiber market is segmented into water binder citrus fibers, thickening gums, and gelling gums. According to the applications of citrus fiber, the citrus fiber market is segmented into bakery, dessert & ice-cream, sauces & seasonings, meat & egg replacements, beverages, flavoring & coatings, snacks & meals, personal care, pharmaceutical, and other applications.
Analysts at Fact.MR follow a holistic approach while conducting a thorough research about the citrus fiber market to conclude the growth prospects of the market during 2018-2028. Conclusions about the future growth of the citrus fiber market mentioned in the report are accurate, reliable, and unique. These conclusions are drawn at the end of secondary and primary market research methods.
Comprehensive secondary research helps analysts to understand the historical and recent data about the citrus fiber market. Primary market research method involves interviewing all the leading stakeholders in the citrus fiber market. Fact.MR ensures the authenticity and reliability of all the information about the citrus fiber market mentioned in the report.
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