Citrus Fiber Market Will Generate Record Revenue by 2028
Citrus fiber is mainly extracted from three main sources which include orange, lemon, and lime. Citrus fiber provides texture, nutritive benefits along with a clean label to the food products due to which there is an increased demand for it across the food and pharmaceutical industries. The global citrus fiber market is projected to grow at a CAGR of 5.1% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the rising demand for natural sources for various nutrients such as vitamin C, fiber, and flavonoids such as citrus fiber. Many health benefits associated with the consumption of citrus fiber have catalyzed its increasing demand across the pharmaceutical and food industry. In food products it is also used due to its certain characteristics such as it can be used as a water binder agent, fat replacer, thickening gums, and gelling gums. Citrus fiber is used as a gelling and moisture retention in bakery products. It is also used in beverages, sweet spreads, dairy products, and many other food products to increase its nutritional value. Hence, such factors are likely to flourish the market growth during the forecast period.
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The global Citrus Fiber market is segmented on the basis of grade, function, and application. Based on the grade, the market is segmented as food and pharmaceuticals. Based on the function, the market is segmented as water binders/ fat replacers, thickening agents, and gelling agents. Based on the application, the market is segmented as food, beverages, personal care, pharmaceuticals, and others.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Citrus Fiber Market – Segmentation
By Grade
- Food
- Pharmaceutical
By Function
- Water Binders/ Fat Replacers
- Thickening Agents
- Gelling Agents
By Application
- Food
- Beverages
- Personal Care
- Pharmaceuticals
- Others
Global Citrus Fiber Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Citrus Fiber market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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