Future Market Insights’ 250 Pages Citrus Fiber Market Survey Presents Optimistic Growth Forecast amid Rising Demand for Natural Food Ingredients
Future Market Insights foresees steady growth in citrus fiber sales through 2021-2031. The study offers compelling insights into factors enabling sales of citrus fiber through the assessment period.
Dubai, United Arab Emirates – July 5, 2021 /MarketersMedia/ —
As per a study by FMI, the global citrus fiber market is likely to account for a market revenue of US$ 110 million in 2021. Rising at 5.2% CAGR, the market valuation is expected to reach US$ 184.9 million by the end of 2031.
Growing demand for citrus fiber from the food and beverages industry is a key factor boosting the market growth. Increasing usage of hydrocolloids as emulsifiers and gelling agents in bakery, sauce, frozen desserts, dairy, and meat products is creating lucrative growth opportunities for the citrus fiber market.
Coupled with aforementioned factors, the market will continue gaining momentum in response to the rising adoption of natural ingredients such as citrus fiber in the production of cosmetics and personal care products, owing to its high vitamin C, moisture control, and texturizing properties.
As per the report, North America accounts for the largest market share in the global citrus fiber market. Owing to the high demand for food-based citrus fiber and organic cosmetics & personal care products the region is expected to emerge as a center point for the expansion of the market, growing at a CAGR of 5.8%.
“With the emergence of e-commerce, the companies operating in the market are emphasizing on developing innovative strategies such as improving their digital presence, to cater to increasing demand from pet food sector owing to a recent humanization trend in pet care,” says the FMI analyst.
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https://www.futuremarketinsights.com/reports/sample/rep-gb-13325
Key Takeaways
The U.S. is leading the market in North America and is estimated to hold a market share of over 89.1% in the region through 2031.
Owing to high demand for fat substitutes, the market for citrus fiber in Germany is likely to reach a valuation of US$ 7.6 million in 2021.
In Latin America, Brazil is dominating the market and is projected to hold more than 45% of citrus fiber consumption in the region.
China is expected to account for a market share of over 58% in the East Asia market, favored by presence of prominent food and beverage manufacturers.
India is dominating the market in South Asia with a market share of over 45% and is predicted to emerge as a lucrative market, growing at a CAGR of 6.6% during the forecast period.
Key Drivers
Increasing usage of citrus fiber in the food and beverage sector will bolster the growth of the market.
Growing consumer preference towards organic cosmetics and personal care products will fuel the demand for citrus fiber
Rising awareness regarding the health benefits of citrus fiber such as preventing digestive ailments and improving skin tone will boost the market growth.
Key Restraints
Volatility in the cost of raw material restraining the market growth.
Adverse effects associated with citrus fiber are hampering the growth of the market.
Availability of substitutes is a factor negatively affecting the demand for citrus fiber.
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Competitive Landscape
The key players operating the in the citrus fiber are aiming at launching new products and enhancing their online presence on digital platforms to increase the market share. For instance,
Orange Fiber, has announced the launch its new fabric range made using citrus fiber and pulp and has collaborated with Marinella and H&M brands.
In 2019, Fiberstar Inc. announced a launched of new website for citrus fiber named, Citi-Fi, to improve its digital presence and showcase its products across the globe.
Some of the leading players operating in the citrus fiber market profiled by FMI are:
Fiberstar, Inc.
CEAMSA
CP Kelco, Inc.
Herbafoods Ingredients GmbH
Florida Food Products, Inc.
Lemont
Golden Health
FUYAN PHARM (Henan), Inc.
Nans Products
Cifal Herbal Private Ltd.
More Insights on the Citrus Fiber Market:
FMI provides an unbiased analysis of the citrus fiber market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global newborn screening market with a detailed segmentation on the basis of:
By Grade:
Food Grade
Pharmaceutical Grade
Cosmetic Grade
By Source:
Orange
Tangerine/Mandarins
Grapefruit
Lemons and Lime
By Application:
Bakery
Desserts and Ice-cream
Sauces & Seasonings
Meat & Egg Replacement
Beverages
Flavorings & Coatings
Snacks & Meals
Personal Care
Pharmaceutical
Other Application
By Function:
Water Binder & Fat Replacer
Thickening Gums
Gelling Gums
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)
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Key Questions Covered in the Citrus Fiber Market Report
The report offers insight into Citrus fiber demand outlook for 2021-2031
The market study also highlights projected sales growth for citrus fiber market between 2021 and 2031
Citrus fiber market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Citrus fiber market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
Contact Info:
Name: Abhishek Budholiya
Email: Send Email
Organization: Future Market Insights
Website: https://www.futuremarketinsights.com/reports/citrus-fiber-market
Source: MarketersMedia
Release ID: 89033431
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