Food Grade Product Applications to Account for Over 59% of Citrus Fiber Sales in 2021: FMI Report
Consumption of vital nutrients, which is important for body metabolism and digestion, has bolstered the consumption of citrus fiber since consumer awareness in terms of food safety has increased in recent years. According to a recent report by Future Market Insights (FMI), the citrus fiber market is set to surpass US$ 184 Mn in 2031, rising at a healthy CAGR of over 5%.
Citrus Fiber Market
A recent market study published by Future Market Insights on the citrus fiber market offer...
With the rise of the clean label movement, demand for natural foods has skyrocketed, resulting in the addition of citrus fiber in myriad food and beverage products. Meanwhile, in developed markets such as the U.S., conflicting laws have made it illegal to utilize certain substances as food additives due to their harmful nature. Extensive scientific research and studies have elevated the position of citrus fiber as a healthy food additive that can improve the product quality and texture.
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.
In recent years, the demand for dietary fiber has grown significantly. Citrus fruits have received increasing attention from several dietary fiber manufacturers from fruit source. Citrus fruits such as orange, grapefruit, lemon and tangerines/ mandarins are rich sources of dietary fibers with a well-balanced proportion of soluble and insoluble fibers.
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.
“Rising demand for natural functional ingredients is spurring citrus fiber application across industries such as food and beverages, pharmaceuticals, and cosmetics. Further, niche applications in animal feed and pet food formulations will positively affect growth in the market through the end of the upcoming decade,” said a lead analyst at FMI.
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.
Get Valuable Insights into Citrus Fiber Market
Future Market Insights, in its new offering, provides an unbiased analysis of the citrus fiber market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the citrus fiber market based on grade (food grade, pharmaceutical grade, and cosmetic grade), by source (orange, tangerines/ mandarins, grapefruit, and lemons and lime), by application (bakery, dessert and ice-cream, sauces & seasonings, meat & egg replacement, beverages, flavoring & coatings, snacks & meals, personal care, pharmaceutical, and other applications), by function (water binder & fat replacer, thickening gums, gelling gums, and others) across seven major regions North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA.
About Food Market Division at FMI
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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