Global citrus fiber market was valued at US $ XX Mn in 2017 and expected to grow at 4.5% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Citrus Fiber Market
Citrus fiber is the add-on product which are neutral in taste, flavor, and odor which helps to improve the taste and texture. The citrus fibers have numerous nutritional benefits and additional functional properties. It helps to improve the digestion and fat metabolism. Citrus fibers also finds its use in the prevention of colon and gastric cancer.
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Market Dynamics: Citrus Fiber Market
Increase in the health consciousness among the people and soaring use of the citrus fiber in the food industry are expected to drive the citrus fiber market over the forecast period. The additional nutritional benefits of the citrus fiber in various applications such as prevention of cancer and presence of the bioactive compounds, carotene, polyphenols, and flavonoids in the citrus fibers are help gain popularity for citrus fiber, which is likely to enrich the growth of the citrus fiber market over the forecast period. The availability of the alternate products for citrus products is the major factor that is likely to hamper the growth of the citrus fiber market.
Market Scope: Citrus Fiber Market
Citrus fiber market is segmented based on the function, application, and end user
Based on the function, the market is segmented into the following:
Water Binder and Fat Replacer
Gelling Gums
Thickening Gums
Based on the application, the market is segmented into the following:
Bakery
Beverages, Flavorings, and Coatings
Personal Care
Pharmaceuticals
Others
Based on the end-users, the market is segmented into the following:
Food Industry
Pharmaceutical Industry
Others
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Regional Analysis: Citrus Fiber Market
Geographically, global citrus fiber market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific citrus fiber market is the dominant market when compared with that of the other regional markets. The soaring demand for the citrus fiber is majorly boosting the growth of the market in this region. The higher agricultural practices is another factor adding fuel for the growth of the citrus fiber market in this region. North America and the Europe regions trail the Asia Pacific.
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Competition Assessment: Citrus Fiber Market
Some of the players in the global citrus fiber market include:
Florida Food Products (U.S)
Fiberstar, Inc. (U.S)
Ceamsa (Spain)
Cargill, Inc. (U.S)
Quadra Chemicals Ltd (U.S)
Natural Citrus Products Corporation (U.S)
Golden Health (Foshan) (U.S)
Notable Market Developments: Citrus Fiber Market
In April 2017, Salvatore Ferragamo has launched capsule collection made with orange fiber
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