Global Demand of Citrus Fiber Market Size & Share to Surpass US$ 184.9 Million by 2031 | Industry Trends by Future Market Insights Inc. 

According to Future Market Insights, the citrus fiber market would generate US$110.0 Million in total revenue in 2021. The citrus fiber market is projected to reach US$ 184.9 Million by 2031, with a CAGR of 5.2% for the years 2021-31.

The need for dietary fiber has dramatically increased during the last few years. Numerous producers of dietary fiber from fruits are paying more attention to citrus fruits. Citrus fruits with a well-balanced ratio of soluble and insoluble fiber, such as oranges, grapefruit, lemons, and tangerines/mandarins, are abundant sources of dietary fiber.

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Amid soaring competition, the top five players, comprising CP Kelco, Fiberstar Inc, CEAMSA, Herbafoods Ingredients GmbH, Florida Food Products Inc., and Lemont are expected to account for 41% of citrus fiber market in 2021.

Citrus fiber is often regarded as a neutral-tasting food additive that can extend the shelf life of food products. Under FDA regulations, prohibited food additives including hydrocolloids, phosphates, carrageenan, and others can be successfully replaced by citrus fiber components.

To appeal to the world's rising health-conscious consumer base, food manufacturers are proactively working on adding citrus fiber ingredients in the production of fat-free edibles.

Key Takeaways from the Citrus Fiber Market Study

Food grade citrus fiber will account for 59.6% of the market in 2021, largely driven by applications as additive in the processed food industry.
Personal care applications will grow at above 8% CAGR aided by clean label trends sweeping the industry.
Germany will hold the lead in the Europe market, accounting for over 18% of the value share in 2021, with the growth in the local feed industry.
The U.S. will hold over 90% of the North America market in 2021, supported by the presence of a matured food processing sector.
China, driven by a large consumer base, will account for over 55% of the East Asia market through the end of 2031.

Who is Winning?

Citrus fiber is primarily consumed as a functional ingredient in food and beverages, animal feed, pharmaceutical, and cosmetic industries. Emerging countries such as India, China, Indonesia, and Brazil are showing lucrative growth in food, pharma, and cosmetics applications.

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

Some of the leading companies offering 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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Citrus Fiber Market by Category

By Grade:

Food Grade
Pharmaceutical Grade
Cosmetic Grade
By Source:

Orange
Tangerine/Mandarins
Grapefruit
Lemons and Lime
By Application:

Bakery
Desserts and Ice-cream
Sauces & Seasonings
Meat & Egg Replacement
Beverages
Flavorings & Coatings
Snacks & Meals
Personal Care
Pharmaceutical
Other Application
By Function:

Water Binder & Fat Replacer
Thickening Gums
Gelling Gums
Others
By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)

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Key Points Covered in Citrus Fiber Market Study
Citrus Fiber Market estimates and forecast 2015-2031
Key drivers and restraints impacting citrus fiber market growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Brand share and Market Share Analysis
Key Product Innovations and Regulatory Climate
COVID-19 Impact on Citrus Fiber Market and How to Navigate
Recommendation on Key Winning Strategies

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Pulse Products Market: https://www.futuremarketinsights.com/reports/pulse-products-market

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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.