Citrus Based Dietary Fibers Market strong outlook with versatile applications including key players Ceamsa, Fiberstar, Inc., Cargill, CP Kelco, Quadra Chemicals

Citrus Based Dietary Fibers Market is estimated to surpass USD 1.5 billion by 2024. Strong outlook with versatile applications including bakery, dairy, meat, beverages, food preparations, fruit preserves and other applications are among key factors driving the citrus based dietary fibers market growth. Effective hydrocolloidal properties including high water holding capabilities has enhanced the product scope in food applications.

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Shifting focus towards health and fitness coupled with rising nutritious food demand will propel the citrus based dietary fibers market growth. Rising number of disease incidences influencing natural sourced food demand will support industry expansion. Rapid expansion in the functional food industry owing to the vitamins & minerals deficiency in daily diet will propel the industry growth. High nutritional source including flavonoids, carotene, and polyphenols provides a positive outlook for the product demand.

Expanding food & beverage segments including bakery items, dairy products, fruit beverages accompanied by necessity to increase the nutrition content of the products will fuel the citrus based dietary fibers market revenue. Presence of flavonoids, carotene, and polyphenols in citrus based dietary products is expected to flourish the market development. Improved economics owing to cost effectiveness of the product is amid the key factors positively influencing the industry expansion.

Pectin market accounted for over USD 850 million in 2017. Rising demand in food applications owing to functional properties including gelling and thickening will create significant opportunities for manufacturers. Increasing usage as a gelling agent in jams and marmalades is further expected to boost the citrus based dietary fibers industry expansion. Potential outlook as a drug carrier for controlled release and to reduce cholesterol levels in the blood will augment the product demand.

Citrus based dietary fibers market from bakery application is anticipated to grow at over 5% during the forecasted timeframe. Increasing product adoption in refrigerated bakery products owing to enhanced shelf life and improved quality will supplement the business growth. Expanding usage as fat replacers in cookies, cakes & pastries during manufacturing process will fuel the industry development. High water binding capacity is one of the key properties augmenting the product demand from this segment.

North America citrus based dietary fibers market accounted over USD 300 million in 2017. Potential processed food products market including acidified milk drinks, fruit beverages, yogurts and confectionery provides lucrative opportunities for the product demand. Surging prevalence of obesity and cardiovascular diseases coupled with soaring diabetes among youth & adults will augment the regional demand.

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Europe citrus based dietary fibers market is estimated to witness CAGR at over 6% up to 2024. Rising demand for packaged & ready-to-eat foods along with increasing health consciousness will boost the industry growth through food applications. Europe is among the leading bakery market globally. The German bakery accounts for the largest share in the European industry and was valued over USD 15 billion in 2016.

Fiberstar, Ceamsa, CP Kelco, Cargill, Yantai Andre Pectin and Herbstreith & Fox are among major citrus based dietary fibers manufacturers. Global industry share is moderately fragmented with presence of multinational corporations and regional players. The manufacturers are involved in production capacity expansions, new product launches and mergers & acquisitions to gain competitive share. For instance, in December 2015, CP Kelco completed its pectin plant expansion in Brazil and planned for capacity expansions in Europe.

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