Citrus Fiber Market: Current Analysis and Forecast (2022-2028)

Citrus Fiber Market: Current Analysis and Forecast (2022-2028)

Citrus fiber, which comes from pulp, peel, and fruit, is a combination of soluble and insoluble fiber. The fibrous parts of citrus fruits like oranges, tangerines/mandarins, grapefruit, lemons, and limes are used to make citrus fiber. It has several health benefits, including maintaining a healthy heart, reducing stress, improving skin, preventing obesity and digestive problems, and lowering the risk of diabetes and cancer. The consumption of key nutrients like citrus fibers, which are crucial for regulating body metabolism and digestion, has been driven by rising consumer knowledge of food safety.

The Citrus Fiber Market is expected to grow at a steady rate of around 5.6% majorly due to the increasing requirement for dietary fibers that are naturally generated to cure many ailments. Citrus fibers, which are needed for regulating body metabolism and digestion, are one example of a vital ingredient whose use has been influenced by rising consumer knowledge of food safety. Citrus fiber is increasingly being used in a variety of food and beverage product lines as a result of the clean label movement's rise in popularity and the rising demand for healthy, natural foods. Leading firms in the citrus fiber industry are putting their research and development efforts into expanding their product lines to meet the market's expanding demand from consumers. For instance, in June 2021, CP Kelco—a leader in nature-based ingredients—announced the opening of a new global innovation center to support the development of improved food, beverage, personal care, and home care products through ingredient research.

• Based on applications, the market is segmented into food, pharmaceuticals, and others. The food segment can be further categorized into sauces and seasonings, bakery, grapefruit, lemon, lime coatings, & others. The food grade citrus fiber will continue to be the most popular grade and hold a commanding share in 2021 as a result of rising demand from food and beverage producers. Citrus fiber has been added to more product lines in a variety of industries as a result of the growing clean label trend, which has raised consumer desire for natural and nutritious food goods. Additionally, the fiber global citrus market will be driven by the escalating demand from the food and cosmetic industries.
• Based on type, the market is divided into lemons and limes, grapefruit, tangerines/mandarins, oranges, and others. Grapefruit citrus fiber is anticipated to witness a high CAGR value during the forecast period. Numerous health advantages are provided by the nutrients in oranges, including the antioxidant vitamin C's role in preventing the growth of cancer-causing free radicals.
• Based on nature, the citrus fiber market is segmented into organic and conventional. The nature segment of the citrus fiber grade is gaining massive traction. However, conventional citrus fibers are anticipated to hold the largest share of the citrus fiber market in 2021.
• For a better understanding of the market adoption of the citrus fiber industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America will continue to be one of the top regions in the worldwide citrus fiber market. Consumers in the U.S. are attracted towards personal care and cosmetics products. They are concerned about the harmful effects of chemicals and synthetic ingredients for personal care and cosmetics products. This will drive the application of citrus fiber across the personal care and cosmetics industry in the U.S. The most known North American players include Fiberstar, Inc. and Florida Food Products, Inc.
• Some of the major players operating in the market include Botanic Healthcare; Global Essence USA, Inc.; Kerry Group plc; Plantae Extracts Private Limited; Xena Bioherbals Private Limited; Qingdao Vital Nutraceutical Ingredients BioScience Co., Ltd (VNI); Citrus Extracts LLC.; Hunan Huacheng Biotech Inc.; Henry Lamotte Oils GmbH; Crodarom SA. The market is diversified with a large number of global and regional market players.