Citrus Fiber Market Is Expected To Exceed USD 500 Million By 2031

Citrus Fiber Market Outlook

According to Fact.MR, citrus fibers are expected to be valued at around US$ 300 Mn in 2021, expected to surpass US$ 500 Mn by 2031, representing a 1.7x increase across the forthcoming decade.

A recent report by Fact.MR investigates that the citrus fiber market is expected to surpass US$ 500 Mn by 2031, growing at a healthy CAGR of nearly 6% for the forecast 2021-2031 forecast period. Growth is reliant on increased consumption of clean-label foods to maintain healthy lifestyles.

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Competitive Landscape

Citrus fiber has mainly been used as a food additive in food and beverages, animal feed, pharmaceutical, and cosmetic applications. Emerging economies such as India, China, Indonesia, Germany and Brazil are experiencing lucrative growth in the food, pharmaceutical, and cosmetics industries.

Major players in the market are focusing on capacity and geographical expansion strategies in addition to collaborations with local players to bolster production and distribution operations in untapped markets.

Leading suppliers of citrus fiber are Fiberstar, Inc., CEAMSA, CP Kelco, Inc., Herbafoods Ingredients GmbH, Florida Food Products, Inc., Lemont, Golden Health, FUYAN PHARM (Henan), Inc., Nans Products, and Cifal Herbal Private Ltd., among others.

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Consumption Analysis of Citrus Fibers from 2016-2020 vs Market Outlook for 2021 to 2031.
Market research and competitive intelligence provider Fact.MR estimates a historical CAGR of over 4% between 2016 and 2020. As of 2021, the market closed in at US$ 300 Mn.

Increasing consciousness about consuming plant-based diets is majorly responsible for the aforementioned growth trends in the market for citrus fibers. This is largely in response to growing consciousness regarding healthy eating across major regions.

In the food and beverage markets, the increasing demand for gluten-free products is a major driver of the industry. Demand for citrus fibers is expected to grow at a CAGR of nearly 6% between 2021 and 2031.

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Key Summary of Citrus Fiber Market Report

Comparison of prominent players operating in the Citrus Fiber Market.
Recent developments and key strategies adopted by market participants.
The study of micro- and macro-economic growth indicators.
Influence of various factors on the value chain of Citrus Fiber market.
Growth opportunities for emerging market players in various regional markets.
Current trends influencing the scenario of the Citrus Fiber Market.

Important Queries related to Citrus Fiber Market covered in the report :

Who Are the Global Key Players in the Citrus Fiber Market?
What are the factors likely hindering the growth of the Citrus Fiber market during the forecast period (2021-2031)?
Why are Tier 1 companies highly concentrated in certain regions?
How are soaring commodity prices affecting keyword demand?
Why are market players looking for opportunities in specific geographies?

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