Citrus Fiber Market Analysis

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