Citrus Fiber Market To Report Impressive Growth, Revenue To Surge To $742.81 Mn by 2032

With the presence of a large pool of participants, the global citrus fiber market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Ceamsa, Fiberstar Inc., Quadra Chemicals Limited, Cargill Inc., and Florida Food Products are some of the key vendors of citrus fiber across the world. These players across citrus fiber market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the citrus fiber market study.

According to the report, the global citrus fiber market size was worth around USD 451.41 million in 2023 and is predicted to grow to around USD 742.81 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.69% between 2024 and 2032.

This review is based on a report by Zion Market Research, titled “Citrus Fiber Market By Function (Water Binder And Fat Replacer, Thickening Gums, Gelling Gums) By Grade (Food, Pharmaceutical, Others), By Application (Bakery, Desserts And Ice-Creams, Sauces And Seasonings Meat And Egg Replacement Beverages, Flavorings, And Coatings Snacks And Meals, Personal Care, Pharmaceuticals, Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032.”- Report at https://www.zionmarketresearch.com/report/citrus-fiber-market

Citing an instance, in July 2017, Fiberstar Incorporation introduced Citri-Fi 125, a natural citrus fiber used for enhancing the taste as well as shelf life of tomato-based food products. Researchers are of the view that the new product will prove to be a suitable alternative to starches & gums in sauces, condiments and spreads.

In June 2018, Fiberstar launched a new cost-effective citrus fiber referred as Citri-Fi 150 for enhancing the texture, nutrition, and quality of companion pet food items.

As estimated in this report, the global citrus fiber market will witness a tremendous rise during the period from 2023 to 2032, with its revenue expected to reach US$ 742.81 million by the end of the forecast period.

Emerging Food & Pharmaceutical Sectors To Enthuse Citrus Fiber Market Scope

“Escalating product demand across food and pharmaceutical sectors will chart a profitable growth curve for citrus fiber market in the coming years,” says the author of this citrus fiber market study. Apart from this, use of citrus fiber as an ingredient enhances the taste and quality of the item. Furthermore, the product is rapidly gaining popularity as a result of its anti-allergen feature along with its ability for improving fat metabolism, digestion, and preventing breast & colon cancer as well as gastric disorders.

Rising population and improved standards of living has resulted in more preference for dietary fibers, thereby further stretching the growth graph of citrus fiber market.

Flourishing Dietary Food Sector To Support APAC’s Regional Dominance

Regionally, Asia Pacific has been leading the worldwide citrus fiber market and is anticipated to continue on the dominant position in the years to come, states the citrus fiber market study. Swiftly expanding dietary food sector in countries such as China and India is the main factor behind the dominance of the Asia Pacific citrus fiber market.

The presence of key players being headquartered in Asia Pacific is another significant factor that is supporting this regional citrus fiber market. Furthermore, massive awareness among the APAC population about the health benefits as a result of consumption of dietary foods is likely to stimulate the expansion of citrus fiber market over the years to come.

Citrus Fiber Market: Competitive Analysis

The global citrus fiber market is dominated by players like:

• Ceamsa,
• Fiberstar Inc
• Quadra Chemicals Ltd
• Cargill, Inc
• Florida Food Products

The global citrus fiber market is segmented as follows:

By Function

• Water Binder and Fat Replacer
• Thickening Gums
• Gelling Gums

By Grade

• Food
• Pharmaceutical
• Others

By Application

• Bakery
• Desserts and Ice-Creams
• Sauces and Seasonings
• Meat and Egg Replacement
• Beverages, Flavorings, and Coatings
• Snacks and Meals
• Personal Care
• Pharmaceuticals
• Others

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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