Citrus pulp fiber Market Value to Surpass US$ 61.3 Mn in 2030
Rising at a CAGR of ~5.0% the global citrus pulp fiber market will surpass US$ 61.3 Mn mark by 2030. The market, according to Future Market Insights, will witness positive rate of growth during 2020 - 2030. Increasing consumer understanding of food safety has contributed to the utilization of ingredients, such as citrus pulp fiber, which helps in controlling body metabolism and digestion.
Key Research Findings
- The global citrus pulp fiber market is expected to surpass US$ 37.5 Mn mark in 2020
- Citrus pulp fiber is used to enhance the texture of baked goods, meats, dairy, sauces, dressings, beverages and pet food, and treats
- Free from preservatives, free from chemicals, and natural - all these terms are on the limelight when it comes to describing clean label food products. Consumers are turning towards cleaner and more natural products that won’t have any adverse effect on their health. Citrus pulp fiber has properties which help in cold binding and meat-like texture to meat alternatives like meat-free patties as a result it is in high demand
- Asia Pacific market for citrus pulp fiber is expected to rise at a CAGR ~10%
KEY FACTORS SHAPING THE CITRUS PULP FIBER
Increasing Demand for Organic Citrus Pulp Fiber
Consumers are becoming cautious about the raw material and source of the raw material due to which consumer prefer natural, plant-based, organic and chemical-free food products to maintain their health. Due to which demand for citrus pulp fiber market is rising.
CITRUS PULP FIBER MARKET STRUCTURE ANALYSIS
- Tier one companies are focusing on research and development to increase the sustainability of the food products.
- Companies are focusing on acquisition and mergers to strengthen their supply chain management and to expand their geographical presence.
Citrus Pulp Fiber Market: Global Industry Analysis 2015-2019 and Opportunity Assessment 2020-2030
Citrus Pulp Fiber Market Value in 2020
US$ 37.5 Mn
North America, Latin America, Europe, East Asia, South Asia Oceania and MEA
Fiberstar, Herbafood, Florida Food Products, Cargill, Inc, Quadra Chemicals, Naturex, Compañía Española de Algas Marinas S.A. (CEAMSA), Herbstreith & Fox, Lucid Colloids Ltd, DuPont, Silvateam S.p.A., CP Celco.
Food Grade Citrus Pulp Fiber Accounts for About 60.9% Share
Citrus pulp is widely used in many food products and its applications are not restricted to bakeries, frozen meals, dairy farm products, meats, sauces, and beverages. Citrus pulp fiber is dried to increase its usefulness. Citrus pulp fiber is most preferred for citrus feeds. It is very rich in nutrients and can be mixed with any other citrus feed’s ingredients. Dried Pulp fiber has absorption properties due to which it is advised to be stored in dry places. Dried pulp can be more almost a year and it doesn’t deteriorate like other feeds. Dried citrus pulp is used as the staple energy source for beef cattle.
Citrus Pulp Fiber to Witness High Demand in Developing Economies
North America and Europe account for the maximum share in the citrus pulp fiber market. However, over the forecast, East Asia, South Asia, and LATAM are anticipated to grow speedily within the citrus pulp fiber market. Thanks to urbanization, the lifestyle and feeding habits in Asia Pacific have become more dynamic. The awareness regarding health and wellbeing is rising rapidly within the Asia Pacific thanks to rising demand for nutritious food products among consumers in this region.
A Natural Solution with Many Benefits
The beverage industry is exhibiting a rise in demand for citrus flavours and the use of citrus ingredients. The key flavours of citrus - orange, lemon, and lime have been used for many years, are commonly known in many food and beverage categories, and are in many ways considered to be essential to the categories in which they are used.
Orange is by and far the most common citrus flavour profile and its uses and appeal are known worldwide, from its consumption as fresh fruit to its use as flavouring in drinks, confections, and other food items. Looking at the use of citrus products, it is safe to conclude that when you think of citrus fruits, you think of something that is pleasant and tastes nice. For example, when it comes to lemon, it is safe, good for you, [and] it makes food taste better. Vitamin C in juice is an additional health benefit, which is accepted by people and boosts the popularity of citrus.
Organic showcase noteworthy CAGR
Conventional holds leading revenue share
The pharma grade citrus pulp fiber holds a significant CAGR
The food grade citrus pulp fiber holds a significant CAGR
Oranges holds leading revenue share
Grapefruit showcase noteworthy CAGR
Bakery holds leading revenue share
Personal care showcase noteworthy CAGR
How Growth will Unfold
Citrus pulp is increasingly used in meat products. For instance, their properties help in preserving water and fat for juicy meatballs and sausages. Citrus pulp also helps in preventing moisture while stuffing meat inside steamed buns or dim sums. Due to their water binding and emulsification properties, citrus pulp is a key ingredient used in baked foods. Hydrocolloids have a wide variety of functional properties in foods, including thickening, gelling, emulsifying, stabilizing, binding, etc.
Some of the leading manufacturers of citrus pulp fibers are focusing on acquisition and mergers to expand their product portfolio. Companies operating in the market are also investing in research and development to produce various unique products of fish meal alternative. Technology is playing major role in the development of citrus pulp fiber products. Major players are focusing on adoption of advanced technologies to boost their production capacity and innovation capability.
- In August 2017, the company signed an agreement to acquire Southern States Cooperative, Inc.’s animal feed business.
The availability of citrus pulp fibers products in stores as well as online retail is improving due to which the awareness of the innovative products of citrus pulp fibers is rising.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
Custom Market Research Services
FMI offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.
Citrus pulp fiber market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by FMI “Citrus Pulp Fiber Market: Global Industry Analysis 2015-2019 & Forecast 2020-2030” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the citrus pulp fiber market, the growth prospects of the market are obtained with maximum precision.
Citrus Pulp Fiber Market Taxonomy
The global citrus pulp fiber market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
- Tangerines/ Mandarins
- Lemon and Lime
- North America
- Latin America
- Latin America
- South Asia
- East Asia
- Water Binder & Fat Replacer
- Thickening Gums
- Gelling Gums
- Desserts and Ice-Creams
- Sauces and Seasonings
- Meat and Egg Replacement
- Beverages, Flavorings, and Coatings
- Snacks and Meals
- Personal Care
By Distribution Channel
- Supermarket and Hypermarket
- Convenience Store
- Department Store
- Specialty Store
- Pharmacy/Drug Store
The executive summary of the citrus pulp fiber market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global citrus pulp fiber market.
Readers can find the detailed segmentation and definition of the citrus pulp fiber market in this chapter, which will help them understand basic information about the citrus pulp fiber market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the citrus pulp fiber market report.
The associated industry assessment of the citrus pulp fiber market is carried out in this section. The macroeconomic factors affecting growth of the citrus pulp fiber market are provided in this section and the impact of these macroeconomic indicators on the citrus pulp fiber market is analyzed. The processing overview and technological advancements in the citrus pulp fiber market is also provided.
Profit margins at each level of the citrus pulp fiber market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
The drivers and restraints impacting the growth of the citrus pulp fiber market are explained in this chapter. Opportunities and ongoing trends in the Citrus pulp fiber market are also comprehensively discussed.
This chapter includes detailed analysis of the historical citrus pulp fiber market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 - 2021) and incremental opportunity for the forecast period (2020-2030).
Based on nature, the citrus pulp fiber market is segmented into organic and conventional. This section also offers market attractiveness analysis based on nature
Based on grade, the citrus pulp fiber market is segmented into Food, Pharma Others. This section also offers market attractiveness analysis based on Grade
Based on source, the citrus pulp fiber market is segmented into oranges, tangerines/mandarins, grapefruit, lemon and lime. This section also offers market attractiveness analysis based on source.
Based on application, the citrus pulp fiber market is segmented into Water Binder & Fat Replacer, Thickening Gums, Gelling Gums. This section also offers market attractiveness analysis based on application
Based on end-use, the citrus pulp fiber market is segmented into Bakery, Desserts and Ice-Creams, Sauces and Seasonings, Meat and Egg Replacement, Beverages, Flavorings, and Coatings, Snacks and Meals, Personal Care, Pharmaceuticals, Others. This section also offers market attractiveness analysis based on end-use
Based on distribution channel, the citrus pulp fiber market is segmented into Supermarket and Hypermarket, Convenience Store, Department Store, Specialty Store, Pharmacy/Drug Store, Online. This section also offers market attractiveness analysis based on distribution channel
This chapter explains how the citrus pulp fiber market is anticipated to grow across North America, Latin America, Europe, South Asia, East Asia, Oceania and the Middle East and Africa.
This chapter includes a detailed analysis of the growth of the citrus pulp fiber market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on application and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the citrus pulp fiber market in the Latin America region. This chapter also includes growth prospects of the Citrus pulp fiber market in leading LATAM countries such as Brazil, Mexico, Peru, Argentina, and the Rest of Latin America.
Important growth prospects of the citrus pulp fiber market based on its application in several countries such as EU-4, U.K., Russia, Nordic, BENELUX, Poland, and Rest of Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the citrus pulp fiber market in the South Asia, along with a country-wise assessment that includes, India, Thailand, Indonesia, Malaysia, Rest of South Asia. Readers can also find regional trends, regulations, and market growth based on applications and countries in the South Asia region.
This chapter includes a detailed analysis of the growth of the citrus pulp fiber market in the East Asia, along with a country-wise assessment that includes, China, Japan, South Korea. Readers can also find regional trends, regulations, and market growth based on applications and countries in the East Asia region.
This chapter includes a detailed analysis of the growth of the citrus pulp fiber market in the Oceania region, along with a country-wise assessment that includes the Australia and New Zealand. Readers can also find regional trends, regulations, and market growth based on application and countries in the Oceania region.
This chapter offers insights into how the citrus pulp fiber market is expected to grow in major countries in the MEA region such as GCC Countries, Turkey, South Africa, Northern Africa, and the Rest of MEA, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the citrus pulp fiber market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the citrus pulp fiber market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report Fiberstar, Herbafood, Florida Food Products, Cargill, Inc, Quadra Chemicals, Naturex, Compañía Española de Algas Marinas S.A. (CEAMSA), Herbstreith & Fox, Lucid Colloids Ltd, DuPont, Silvateam S.p.A., CP Celco.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the citrus pulp fiber report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the citrus pulp fiber market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Tobacco Vapor Electronic Cigarette Association
- American Lung Association
- Confederation of European Community Cigarette Manufacturers
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits