Citrus Fiber Market size was valued at USD 379.3 million in 2023 and is poised to cross USD 770.22 million by 2036, expanding at more than 5.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of citrus fiber is estimated at USD 396.29 million. The growth of the market can be attributed to the growing demand for natural ingredients in a wide range of applications such as medicines, food and drinks, and cosmetics, and increasing requirement for stable oil-in-water emulsions. Along with these, rise in demand for gluten free food in developed nations, escalating consumer awareness associated with food safety and increasing usage of plant-based meats around the world are also expected to drive market growth in the forthcoming years. For instance, as of 2020, in the United States alone, more than 3 million individuals are on a gluten free diet, and about 18 percent adults regularly buy gluten free food. Furthermore, growing health awareness among people and heightened usage of natural emulsifier extracts by food manufacturers are projected to offer ample growth opportunities to the citrus fiber market in the near future.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.6% |
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Base Year Market Size (2023) |
USD 379.3 million |
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Forecast Year Market Size (2036) |
USD 770.22 million |
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Regional Scope |
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The market is segmented by function into water binder and fat replacer, gelling agents, and thickening agents, out of which, the water binder and fat replacer segment is anticipated to hold the largest share in the global citrus fiber market on account of the rising demand for these chemicals in food applications such as preparation for bakery, yogurt and spreads. Additionally, on the basis of application, the food & beverage segment is anticipated to acquire the largest market share during the forecast period, which can be credited to the growing inclination of people towards plant-based food products, increase in the number of consumers following a vegan diet and high demand for natural hydrocolloids in the beverage industry. In addition, the segment for personal care is assessed to witness the highest growth by the end of 2030 owing to the increasing mindfulness of people about the ingredients used in cosmetic and personal care products.
Our in-depth analysis of the global citrus fiber market includes the following segments
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By Function
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By Grade |
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By Application
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On the basis of geographical analysis, the global citrus fiber market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Latin America is anticipated to dominate majority revenue share by 2036, on the back of growing consumption of citrus fiber-based products, increasing consciousness about health002Drelated concerns among people and rise in the production of natural ingredients based products in the region. Moreover, the citrus fiber market in North America is predicted to gather the largest share during the forecast period ascribing to the growing demand for pharmaceutical ingredients and natural food, rapid change in the eating pattern of consumers and rising incidences of chronic diseases in the region. According to the National Cancer Institute, an estimated 1,806,590 new cases of cancer were supposed to be diagnosed in the United States in 2020. In addition, the rate of new cases of cancer (cancer incidence) is 442.4 per 100,000 men and women per year. Apart from these, prohibition of food ingredients, namely carrageenan and phosphates by the FDA is also expected to boost market growth in the future.
November 2020- CP Kelco explored the applicability of its product, named Nutrava Citrus Fiber as an ingredient in dressings, spreads, soups and sauces. The product is claimed to deliver clean label goals, along with fat and sugar reduction.
Author Credits: Parul Atri
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