Citrus Fiber Market to Grow by 1.7x through 2031 with Water Binder & Fat Replacer

The Fact.MR market survey on the citrus fibers market presents a detailed analysis of key developments across various segments including nature, grade, source, function, applications, and distribution channel. The study projects high applications of citrus fibers in personal care products.

NEW YORK, Aug. 17, 2021 /PRNewswire/ -- Growing demand for natural, plant-derived ingredients in food and personal care products is a chief growth driver in the global citrus fibers market. As per the study, citrus fiber market is poised to grow at approximately 6% CAGR, reaching US$ 500 Mn during the forecast period.

Increasing demand for glutton-free and vegan products in the food and beverage industry is propelling sales of citrus fibers. Negative health impacts observed due to increasing consumption of processed food are encouraging consumers to shift towards plant-based ingredients, further creating growth prospects in the citrus fibers market.

Besides this, clean ingredient lists in food and meat products are gaining significance among customers. Citrus fibers are effective alternatives to sodium triphosphate, which is boosting their inclusion in processed meat products.

Additionally, citrus fibers possess high fat-binding capacity and are beneficial for stabilizing emulsions. Owing to these factors, applications of citrus fibers in bakeries and confectionary are gaining traction, translating into a favorable growth trend in the near future.

Along with the food and beverage industry, citrus fibers are increasingly gaining significance in skincare and personal care products. These ingredients are rich in vitamin C, which is beneficial for improving skin tone, reducing dark spots, and target hyperpigmentation. The aforementioned factors are bolstering the adoption of orange and lemon citrus fibers in skincare products, resulting in increased sales of the same.

As per Fact.MR, with the increasing demand from food & beverage and personal care industries in the U.S., citrus fiber sales are anticipated to increase through 2031. Moreover, rising demand for vegan and plant-based products in the country will continue fostering sales of citrus fiber in the upcoming years.

"Surging cases of food-borne diseases due to artificial flavors and colors used in processed food will encourage adoption of natural citrus fibers. Considering this, sales of citrus fiber-based pharmaceuticals will increase, further augmenting growth in the market through 2031," says the Fact.MR analyst.

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Key Takeaways from Citrus Fiber Market Analysis:

• Based on applications, personal care segment is projected to grow at a 5% CAGR, remaining a dominant area of application.
• By function, citrus fibers as water binders & fat replacers will account for over 50% of the total market share through 2031.
• The U.S. is estimated to account for 9/10^th of the total citrus fibers market sales, placing the country as a lucrative market.
• Increasing popularity of gluten-free and plant-based ingredients in Brazil will augment market growth, holding over 40% of the total market share by 2031.

Growth Drivers:

• Growing awareness regarding negative health effects of synthetic flavoring in food products will favor adoption of citrus fibers.
• Increasing significance of clean labels in food and personal care products will drive sales of citrus fibers.

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Competitive Landscape

Leading companies in the citrus fiber market are focusing on research and development to expand their product portfolios in the market to fulfill the growing consumers' demand. For instance, in June 2021, CP Kelco, a global leader in nature-based ingredients, announced the launch of a new global innovation center to facilitate ingredient research for better products in food, beverage, personal care, and home care.

Leading Players in the Citrus Fiber Market Include:

• CEAMSA
• Fiberstar, Inc.
• CP Kelco, Inc.
• Herbafoods Ingredients GmbH
• Florida Food Products, Inc.
• Golden Health
• Lemont
• FUYAN PHARM (Henan), Inc.
• Cifal Herbal Private Ltd.
• Nans Products

More Valuable Insights on Citrus Fiber Market

Fact MR 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 global citrus fiber market with a detailed segmentation on the basis of:

Nature:

• Organic Citrus Fibers
• Conventional Citrus Fibers

Grade:

• Food-grade Citrus Fibers
• Pharma-grade Citrus Fibers
• Other Citrus Fibers

Source:

• Orange Citrus Fibers
• Tangerine/Mandarin Citrus Fibers
• Grapefruit Citrus Fibers
• Lemon and Lime Citrus Fibers

Function:

• Citrus Fibers as Gelling Gums
• Citrus Fibers as Thickening Gums
• Citrus Fibers as Water Binders & Fat Replacers

Application:

• Citrus Fibers for Desserts and Ice-Creams
• Citrus Fibers for Bakery Products
• Citrus Fibers as Meat &Egg Replacements
• Citrus Fibers for Sauces and Seasonings
• Citrus Fibers for Beverages, Flavorings & Coatings
• Citrus Fibers for Snacks and Meals
• Citrus Fibers for Pharmaceuticals
• Citrus Fibers for Personal Care
• Other Citrus Fiber Applications

 Distribution Channel:

• Citrus Fiber Sales through Online Channels
• Citrus Fiber Sales through Supermarkets and Hypermarkets
• Citrus Fiber Sales through Convenience Stores
• Citrus Fiber Sales through Department Stores
• Citrus Fiber Sales through Pharmacies
• Citrus Fiber Sales through Specialty Stores

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Key Questions Covered in the Citrus Fiber Market Report 

• The report offers insight into citrus fiber market demand outlook for 2021-2031
• The market study also highlights projected sales growth for citrus fiber market between 2021 and 2031
• Citrus fiber market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Citrus fiber market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Explore Fact.MR's Coverage on the Food & Beverage Domain

Fat Replacer Market - As obesity rates rise around the world, consumers are turning to low-fat or fat-free foods and beverages. Protein-based, carbohydrate-based, and lipid-based fat substitutes are increasingly used by food and beverage manufacturers. A combination of reduced-fat products and fat replacers is also offered by food product manufacturers because fat replacers alone cannot meet essential attributes. The majority of fat replacer on the market are reformulated food ingredients.

Flavour Enhancers Market - Compared to liquid flavour enhancers, the power form is expected to grow at a faster rate. Powdered flavour enhancers are expected to generate significant revenue by the end of 2026. It's easier to use flavour enhancers in powder form than liquid form. As a result, flavour enhancers in powdered form are used extensively in bakery products. Flavor enhancers are increasingly being used in powder form, thanks to technological advances that make dosing easier.

Clean Label Food Ingredient Market - Products with clean label food ingredients have become increasingly popular in recent years, and this trend is expected to continue in the near future. Clean label food ingredients is another strategy being used by manufacturers to attract consumers. The high consumption of processed foods and the rapidly expanding food industry are also driving the clean label food ingredient market.

About Fact.MR

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SOURCE Fact.MR

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