Demand for Citrus Fiber Market to Surpass US$ 500 Mn by 2031 - Fact.MR Study

A new Fact.MR study on citrus fiber market finds thatthe market grew at a healthy 4.3% y-o-y over 2017 to surpass US$ 92 million by the end of 2018.

The study underscores how the health & wellness trend and the clean label movement are bolstering the influence of health-conscious consumers on growing adoption of citrus fiber in packaged food products.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2305

The positive growth parameters of the citrus fiber market are mainly attributed to a number of lucrative trends, such as
• growing adoption of insoluble dietary fiber in a wide range of food products
• citrus fiber manufacturers introducing innovative product portfolios to suit different food applications
• favorable regulatory framework by governing organization complementing adoption of citrus fiber to replace artificial food ingredients
• clean label movement supporting the use of citrus fiber as stabilizer and emulsifier in beverages
• citrus fiber market players putting efforts into capturing untapped opportunities in the rapidly-growing pharmaceuticals industry

Bakery Products – The Largest Application Segment in the Citrus Fiber Market

Citrus fiber products find multifold applications in the food & beverage industry, as they benefit various food & beverage products through nutritional improvements and textural enhancements. The Fact.MR study reveals that bakery is the largest application of citrus fiber in the food & beverage industry, as the adoption of citrus fiber in bakery products has increased significantly over the past few years.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2305

Bakery product manufacturers are adopting citrus fiber to replace egg or oil, as citrus fiber provides natural emulsification and better functionality to bakery products. Additionally, cost-saving benefits of using citrus fiber are further expanding the scope of the bakery applications of citrus fiber, thereby mushrooming the growth of the citrus fiber market in the bakery product industry.

Citrus Fiber Market Leaders Foray into the Pet Food Segment to Strengthen their Position across Industrial Sectors

The Fact.MR study finds that Tier I manufacturers of citrus fiber account for a significant revenue share in the citrus fiber market, making it a moderately consolidated market. With the help of advanced biotechnologies and patented manufacturing procedures, frontrunners in the citrus fiber market continue to consolidate their position in the market. Leading manufacturers in the citrus fiber market are adopting innovative strategies to improve their industry-wide foothold by boosting innovation.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/2305

Key Segments

• By Nature
o Organic Citrus Fibers
o Conventional Citrus Fibers

• By Grade
o Food-grade Citrus Fibers
o Pharma-grade Citrus Fibers
o Other Citrus Fibers

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2018/04/25/1486910/0/en/7-Key-Projection-on-Future-of-Organic-Honey-Market-for-Forecast-Period-2017-2022.html

The Fact.MR study also provides insight on the futuristic outlook of the citrus fiber market. The study opines that the citrus fiber market will continue to grow at a healthy 4.3% value CAGR throughout the forecast period 2018-2028.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/726/citrus-fiber-market

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.