Citrus Fiber Market Size

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.