About Citrus Fiber
Citrus fibers are neutral in taste and flavor, and on adding to products it improves the taste and texture. They are also low in fat and digestible carbohydrates with low-calorie content. Citrus fibers have several health benefits and functional properties. They are known to have substantial health benefits such as improved digestion, fat metabolism, and prevent colon, breast, and gastric cancers. Moreover, they act as a potential anti-allergen; thereby, they are gaining significant popularity across the globe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and Spanish Vendors will contribute the maximum growth to Global Citrus Fiber market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ceamsa (Spain), Fiberstar, Inc. (United States), Quadra Chemicals Ltd. (Canada), Cargill, Inc. (United States), Florida Food Products (United States), Compañía Española de Algas Marinas S.A. (Spain) and CP Kelco U.S., Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Citrus Fiber market by , Application (Bakery, Desserts and Ice-Creams, Sauces and Seasonings, Meat and Egg Replacement, Beverages, Flavorings, and Coatings, Snacks and Meals, Personal Care, Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Citrus Fiber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Water Binder and Fat Replacer will boost the Citrus Fiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Food will boost the Citrus Fiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Usage as a Fat Replacers Will Support Product Scope among Bakery Applications
Market Growth Drivers:
Rising Population and Improved Standards Of Living Has Resulted In More Preference for Dietary Fibers, Nutritional Benefits of Naturally-Sourced Dietary Fiber Boost Uptake and Supportive Government Regulations towards Nutritional Intake
Challenges:
Lack of awareness about the benefits of citrus fiber among consumers
Restraints:
Fluctuating Citrus Peel Costs and Uneven Geographical Distribution of Raw Materials
Opportunities:
The Increasing Demand from Developing Countries
Market Leaders and their expansionary development strategies
In April 2019, CP Kelvo, a leading citrus fibers manufacturer has unveiled a new fiber ingredient made from citrus peels. Nutrava Citrus Fiber product line responds to consumer demand for clean-label products. The new product has gelling, thickening, stabilizing and water-binding capabilities, the company said. It may be used to replace starch, eggs or oil in formulations. Potential applications include fruit-flavored beverages, drinking yogurts, dressings, condiments, sauces, bakery items, meats, and soups.
In January 2023, Fiberstar, Inc., the leader of innovative citrus fibers launched a line of new organic citrus fibers – Citri-Fi® 400 series. These new citrus fibers are in response to the increasing demand for natural, sustainable and organic food ingredients. For instance, market drivers fueling the uptick in demand include a growth in consumer health and wellness initiatives and limited availability of hydrocolloids due to supply chain challenges. And other drivers include increased visibility of sustainable business practices.
Key Target Audience
Citrus Fibers Manufacturers, Citrus Fibers Raw Material Suppliers, Citrus Fibers Traders/Distributors, Citrus Fibers Importer/Exporter, Regulatory & Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.