Global Citrus Fiber Market expected to reach USD 384.6 million by 2023, growing at a CAGR of around 5.3% between 2017 and 2023. The global citrus fiber market is expected to witness significant growth over the forecast period on account of increasing demand from food & pharmaceutical industry.
The report covers forecast and analysis for the citrus fiber market globally. The study provides historic data of 2015 and 2016 along with a forecast from 2017 to 2023 based on revenue (USD million). The study includes drivers and restraints for the citrus fiber market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the citrus fiber market on a global level.
In order to give the users of this report a comprehensive view on the citrus fiber market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the citrus fiber market has also been included in the study. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research& development, product and regional expansion of major participants involved in the market on a regional basis.
The study provides a decisive view on the citrus fiber market by segmenting the market based on function, grade, and applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2023. Key function segments covered under this study includes water binder and fat replacer, thickening gums and gelling gums. Key grade markets covered under this study includes food, pharmaceutical. Key application segments covered under this study includes a bakery, desserts and ice-creams, sauces and, seasonings, meat and egg replacement, beverages, flavorings and coatings, snacks and meals, personal care, pharmaceuticals, others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
The report also includes detailed profiles of end players such as Ceamsa, Fiberstar, Inc., Quadra Chemicals Ltd., Cargill, Inc., and Florida Food Products. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.
This report segments the global Citrus Fiber market as follows:
Global Citrus Fiber Market: Function Analysis
Global Citrus Fiber Market: Grade Analysis
Global Citrus Fiber Market: Application Analysis
Global Citrus Fiber Market: Regional Segment Analysis
Citrus Fiber market is a rapidly growing industry with demand from various regions of the world. Citrus fibers are generally neutral in taste and odor and on mixing this in food products helps to enhance the quality and taste. Generally insoluble dietary fibers are acquired by utilizing citrus peel owing to the occurrence of bioactive components, and other different nutrients. It has abundant nutritional benefits as well as functional properties. They are also known to have significant health advantages for instance fat metabolism, improved digestion, and prevent breast and gastric cancers. Citrus fibers have a range of advantages and they act as a prospective anti-allergen; therefore, the market is gaining demand and popularity globally.
The rising demand for natural dietary fibers for avoiding different diseases is the major aspect fueling the demand and popularity of citrus fiber market. Growing population, and improving the standard of living is anticipated to aid the market growth within the forecast period. Citrus-fiber which is added in foodstuffs is gradually being consumed due to the affection of customers toward eating foods that are nutritionally improved by adding up the natural fibers. Moreover, citrus fibers enhance the nutritional benefits by improving the fat metabolism, and in many cases reduce the fat content.
In addition, the citrus fiber-added processed foods are easier to cook. On the other hand, the production of citrus fibers using advanced processing technologies imparts novel functionalities, which is likely to bolster their applications in various end-use industries, for instance, food and pharmaceutical.
The citrus fiber grades can be segmented into categories based on grade type like the market is mainly bifurcated into pharmaceutical and food. Out of these, the food division accounted for most of the global revenue and is expected to witness significant gains within the forecast period
Based on the applications the global citrus fiber market is categorized into desserts, bakery, ice-cream, sauces, meat, seasonings, beverages, egg replacement, coatings and flavorings, meals and snacks, pharmaceuticals, and personal care. Bakery & pharmaceutical segment is expected to witness growth within the forecast period. Advanced modern processing systems in food & pharmaceutical are expected to stimulate citrus fiber demand within the forecast period.
The citrus fiber market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Asia Pacific region accounted for the majority of the global market share in 2016 and is expected to grow in light of rising dietary food industry in India, China, Thailand, and Vietnam. The region is projected to consistently grow at the same growth rates in the coming years owing to the rising awareness and knowledge among the population with regards to the advantages of citrus fiber. Moreover, increasing consumer preferences for dietary fibers, the citrus fiber market is growing substantially and the key market players are investing in research and development of processing technology, which is creating newer growth opportunities for the market.
In Europe and North America region, the citrus fiber market is expected to witness lucrative growth over the forecast period as a result of increasing awareness & range of health advantages and nutritional aspects.
The key players in this industry are Florida Food Products, Fiberstar, Inc., Ceamsa, Cargill, Inc., and Quadra Chemicals Ltd., among others.
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