Citrus Fiber Market Share

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.