Summary

Global Citrus Fiber Market is expected to grow at a significant rate of around 5.6% during the forecast period. A few of the major factors contributing to the market growth are an increase in consumption of key nutrients like citrus fibers, which are essential for regulating body metabolism and digestion, has been driven 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. A pioneer in natural ingredient solutions, CP Kelco has announced the opening of a cutting-edge innovation hub for the development and scale-up of pilot plants.

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 and Crodarom SA are some of the key players in the citrus fiber market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst application, sales of citrus fiber are being driven by the food industry's growing need for natural ingredients”
Based on application, the market is segmented into food, pharmaceutical, and others. The food segment is anticipated to grow at a higher CAGR during the forecast period, i.e., 2022-2028. There are more than 25,000 variants of superfruits on the market. As food additives, this will have an impact on naturally occurring, plant-based citrus fiber products. Antioxidants, emulsifiers, and stabilizers are examples of natural compounds that are widely employed in the food and beverage sector. 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.

“Amongst type, the oranges segment has a significant share in the market in 2021”
Based on type, the market is divided into oranges, tangerines/ Mandarins, lemons & lime, grapefruit, and others. In 2021, the citrus fiber market is anticipated to be led by the oranges category. Oranges are typically the favored citrus fiber source among these fruits and vegetables. It has the highest market share. 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. Additionally, it has a lot of fiber and potassium, both of which are good for the heart.

“Amongst nature, the conventional segment to hold a significant share in the market in 2021”
Based on the nature segment, conventional citrus fibers are anticipated to hold the largest share of the citrus fiber market in 2021. Conventional cellulose fibers more often come from dried grains and fibrous plants.

“North America to hold a significant share in the citrus fiber market”
North America is anticipated to be the most alluring regional market, developing at a high CAGR than other regions. 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. Further, a few of the leading market players operating in North America are Fiberstar Inc.; Florida Food Products, Inc.; etc.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional and country-level analysis of the industry.

Customization Options:
The global citrus fiber market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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