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Market Data 11.04.2024

Citrus fiber market is likely to reach USD 550 million by 2032

According to a recent study conducted by Fact.MR, the global citrus fiber market reached a valuation of USD 317 million in 2022 and is projected to achieve USD 550 million by the conclusion of 2032. The market is anticipated to witness an expansion …

Citrus fiber market is likely to reach USD 550 million by 2032
(Photo: confructa medien)

According to a recent study conducted by Fact.MR, the global citrus fiber market reached a valuation of USD 317 million in 2022 and is projected to achieve USD 550 million by the conclusion of 2032. The market is anticipated to witness an expansion of demand opportunities at a Compound Annual Growth Rate (CAGR) of 5.6 % through the forecast period. A primary driver stimulating growth within the global citrus fibers market is the escalating demand for natural, plant-based ingredients in both food and personal care products.

The surge in demand for gluten-free and vegan products within the food and beverage sector is a significant contributor to the heightened sales of citrus fibers. As consumers increasingly become aware of the adverse health effects associated with the consumption of processed foods, there is a notable shift towards plant-derived ingredients, thereby fostering growth prospects within the citrus fibers market.

Citrus fibers are emerging as effective alternatives to sodium triphosphate, thereby augmenting their incorporation in processed meat products. This trend is further bolstering the market for citrus fibers, as manufacturers seek cleaner and more natural ingredients to meet consumer preferences and industry standards.

Furthermore, citrus fibers exhibit a high fat-binding capacity and are adept at stabilising emulsions, making them increasingly sought-after in the bakery and confectionery sectors. This growing utilisation of citrus fibers in such applications is expected to contribute favorably to the market’s growth trajectory in the foreseeable future.

Expanding beyond the realm of food and beverage, citrus fibers are gaining prominence in skincare and personal care products as well. With their rich vitamin C content, citrus fibers offer benefits such as improving skin tone, reducing dark spots, and addressing hyperpigmentation. These attributes have led to heightened interest in orange and lemon citrus fibers for incorporation into skincare products, consequently driving up their sales.

Leading players in the citrus fiber market include:

  • Fiberstar, Inc.
  • CP Kelco, Inc.
  • Herbafoods Ingredients GmbH
  • Florida Food Products, Inc.
  • Golden Health

According to Fact.MR’s analysis, the demand for citrus fibers is poised to witness a notable uptick in the United States, fueled by the increasing adoption within the food and beverage as well as personal care industries. Moreover, the rising preference for vegan and plant-based products across the nation is expected to sustain and further boost the sales of citrus fibers in the years leading up to 2031.

Key takeaways from citrus fiber market analysis:

  • Based on applications, personal care segment is projected to grow at a 5 % CAGR, remaining a dominant area of application.
  • By function, citrus fibers as water binders & fat replacers will account for over 50 % of the total market share through 2031.
  • The U.S. is estimated to account for 9/10th of the total citrus fibers market sales, placing the country as a lucrative market.
  • Increasing popularity of gluten-free and plant-based ingredients in Brazil will augment market growth, holding over 40 % of the total market share by 2031.

“Surging cases of food-borne diseases due to artificial flavours and colours used in processed food will encourage adoption of natural citrus fibers. Considering this, sales of citrus fiber-based pharmaceuticals will increase, further augmenting growth in the market through 2031,” says the Fact.MRanalyst.

Growth drivers:

  • Growing awareness regarding negative health effects of synthetic flavouring in food products will favour adoption of citrus fibers.
  • Increasing significance of clean labels in food and personal care products will drive sales of citrus fibers.

Market segmentations:

  • by nature: organic, conventional
  • by grade: food-grade, pharma-grade, others
  • by source: oranges, tangerines/mandarians, grapefruit, lemons and limes
  • by function: gelling gums, thickening gums, water binders & fat replacers
  • by application: desserts and ice-creams, snacks and meals, bakery products, sauces and seasonings, meat & egg replacements, personal care, pharmaceuticals, beverages, flavourings, and coatings, others
  • by distribution channel: online channel, convenience stores, supermarkets and hypermarkets, department stores, specialty stores, pharmacies
  • by region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Competitive landscape

Major citrus fiber suppliers are actively broadening their consumer reach to establish a dominant market presence in the foreseeable future. Employing arange of strategic approaches, these suppliers are pursuing growth opportunities within the market. These strategies encompass various tactics such as mergers, acquisitions, collaborations, expanding company footprints, forging partnerships, launching innovative products, and more.

Recent developments

  • Azelis, in July 2021, established a collaboration with CP Kelco to broaden its capabilities for distribution around the Netherlands for citrus fibers and some other natural food ingredients.
  • Fiberstar Inc., in 2019, launched a new website for citrus fiber Citi-Fi to showcase its products along with providing education to consumers around the world. The company is also taking initiatives to improve its digital experience.
  • Orange Fiber is a popular startup that has announced the launching of a novel fabric range made from pulp and citrus fiber with collaborations with Marinella brands and H&M.
  • CP Kelco is a leader that provides solutions in natural ingredients and has unveiled the launch of a novel innovation center for pilot plant scale-up and research applications.

These insights are based on a report on Citrus Fiber Market by Fact.MR.

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