Citrus Fiber Market Industry Research Overview’s by Segment by Application Forecast by 2020-2030.
Citrus
Fiber Market Overview
Market
Research Future (MRFR) Citrus Fiber Market Size was estimated at USD 0.4
billion in 2022. The citrus fiber market industry is projected to grow from USD
0.41 Billion in 2023 to USD 0.49 billion by 2030, exhibiting a compound annual
growth rate (CAGR) of 3.17% during the forecast period (2023 - 2030).
Mounting concerns about the additives present in foods as
well as meat has made clean labels almost a prerequisite for the citrus fibers
market. In view of the toxic effects of synthetic additives on the human body,
many processed food developers are infusing natural alternatives in their
products, such as citrus fibers. Citrus fiber in processed meat acts as a
natural alternative to ingredients like sodium tripolyphosphate, reducing its
adverse impact on product integrity. Given the surge in this kind of
replacement formula, the global citrus fiber market size should continue to expand at a rapid rate
between 2021 and 2030.
The surge in disorders including
cancer, allergies, diabetes, and cardiovascular disorders has prompted the
population to increasingly opt for a healthy lifestyle. This involves using
natural, organic, and healthy ingredients. Given the rise in health concerns,
food developers are using natural emulsifier extracts, which have a large
surface area that allows them to pull oil and water. Additionally, the fibrous
compositions have hydrophilic and lipophilic ends that help attract moisture
and oil to the matrix, which further binds them together. This will be a major
growth booster for the worldwide industry in the upcoming years.
COVID-19 Impact Analysis
COVID-19 has created immense
pressure across the supply chain and had crippled multiple nodes during the
early stages. While impact on industrial manufacturers was high, impact on food
& beverage sector was lower than the estimates. Closure of manufacturing
facilities and low throughput of facilities had shown significant impact on the
market. Crippled supply chains and disruptions during the pandemic period
negatively affected the market, but V shaped recovery curve was observed for
the citrus fiber market in developed economies.
As the global economy is still
under significant pressure due to the pandemic and is recovering slowly, its
impact on the global trade and supply chain has been low during 2021. The
governments of various countries have imposed strict containment and preventive
measures to control the impact of the outbreak resulting in restricted
transportation of raw materials across the globe. Therefore, a demand and
supply gap were formed, but swell in demand for packaged goods was observed.
This trend is expected to continue owing to the uncertainty in the global
market. Partial easement of lockdowns in multiple countries and restarting of
trade in some capacity has shown positive effect on the market.
Market
Segmentation
Some of the primary
applications of Citrus Fiber
Market Overview’s analysis is personal care, food &
beverages, and more. Food & beverages-based segments can be meat
substitutes, dairy & frozen desserts, bakery & confectionery, meat
products, beverages, and others. The food & beverages segment will remain
dominant throughout the evaluation timeline, garnering the highest growth rate
as well. On the other hand, the personal care segment should continue to soar
at a decent pace in the coming years. Major manufacturers are progressively
developing pectin-based cosmetics. In the forthcoming years, personal care
products, as well as cosmetics infused with natural ingredients, should
register significant demand.
Regional
Outlook
The North American market for citrus fiber market
gains maximum traction, given the expansive consumer base and the strong
presence of renowned firms in the region. Significant discretionary consumer
income along with their high spending on organic and plant-based items as well
as dairy alternatives should enhance the citrus fiber market size in subsequent
years. The mounting demand for packaged convenience food will further propel the
market demand.
Europe will be another formidable market for the citrus bioflavonoids market, given the easy
availability of these products, a high number of cafes and restaurants, and the
thriving hotel industry. Countries like France, Germany, Spain, the United
Kingdom, and Italy will be heading the European market in the following years.
The Asia Pacific will be the fastest-developing
market in the years to come, driven by the evolving lifestyle of the consumers,
in line with surging purchasing prowess and mounting health awareness among
people. The soaring number of health-conscious consumers, especially among the
Gen Z population and millennials in the region would bolster the market value.
Key Players
The Key Citrus Fiber Market
Players major citrus fiber developers are CP Kelco Inc (United States),
Herbafoods Ingredients GmbH (Germany), Nans Products (India), FUYAN PHARM Inc.
(China), Fiberstar Inc (United States), Cifal Herbal Private Ltd (India),
Golden Health (China), Lemont (China), Ceamsa (Spain), Florida Food Products,
Inc. (United States), and others.
Industry Developments
December 2021
Fiberstar Inc., the renowned
developer of high-performance citrus fibers, has launched methylcellulose-free
solutions to develop clean label meat substitutes. The new Citri-Fi TX20
texturizing citrus fiber can be utilized with certain plant-based proteins
including potato and canola to produce methylcellulose-free meat analogs. The
methylcellulose-free solutions are clean label, and the labeling options are
citrus fiber, citrus flour, or dried citrus pulp.
NOTE:
Our Team of Researchers is Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
Contact
us:
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Research Future (part of Wantstats Research and Media Private Limited),
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