Global Citrus Fibre Market- WishTree Insight

Global Citrus Fibre Market by Type (Orange, Lemon, Tangerines/Mandarins, and Others), Application (Bakery & Confectionary, Beverages, Snacks & meals, Flavorings & Coatings, and Others), and Regions, (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Citrus Fibre market size was valued at USD 0.4 billion in 2022 and is expected to surpass USD 0.7 billion by 2032, expanding at a CAGR of 5.6 % during the forecast period, 2022–2032. The market's growth is attributed to the increase in demand in the food industry, and ongoing research and development into new applications for citrus fiber in the food and beverage industry.

INTRODUCTION

Citrus fiber, also known as citrus pulp, is a natural ingredient derived from the peel and pulp of citrus fruits such as oranges, lemons, and grapefruits. It is a dietary fiber that is widely used in the food industry as a functional ingredient due to its unique properties.

Citrus fiber is a good source of insoluble fiber, which adds bulk to food and helps regulate digestion. It also contains soluble fiber, which can help lower cholesterol levels and improve blood sugar control. In addition, citrus fiber has been shown to have prebiotic effects, promoting the growth of beneficial gut bacteria.

Citrus fiber is used in a wide variety of food applications, including baked goods, beverages, dairy products, and meat products. It can be used as a thickener, stabilizer, emulsifier, and water binder, among other things. Its use can also help to reduce fat and calorie content in food products, making it a popular ingredient in low-fat and low-calorie products.

Overall, citrus fiber is a versatile and healthy ingredient that offers a range of functional benefits to food products.

Market Trends, Drivers, Restraints, and Opportunities

• Growing demand for natural and healthy ingredients: Consumers are increasingly looking for natural and healthy food products, and citrus fiber is a natural, plant-based ingredient that offers a range of health benefits.
• Increase in demand for functional foods: There is a growing demand for functional foods that offer health benefits beyond essential nutrition. Citrus fiber is a functional ingredient that can improve the texture, taste, and nutritional profile of food products.
• Rise in gluten-free and allergen-free food products: Citrus fiber is gluten-free and hypoallergenic, making it a popular ingredient in gluten-free and allergen-free food products.
• Growing food and beverage industry: The food and beverage industry is proliferating, and citrus fiber is a versatile ingredient that can be used in various food and beverage applications.
• Sustainable sourcing and production: Citrus fiber is a by-product of the citrus juice industry, which means it is a sustainable and eco-friendly ingredient. This is becoming increasingly important to consumers who are looking for sustainable and environmentally-friendly products.

Scope of the Report

Market Segment Insights

The orange segment is projected to register a considerable CAGR

Based on type, the citrus fiber market is divided into orange, lemon, tangerines/mandarins, and others. The orange segment is expected to expand rapidly during the forecast period owing to its health benefits such as low calorie, high nutrient, antioxidant vitamin C, high fiber, and potassium.

The bakery & confectionary segment is expected to expand at a rapid pace

Based on application, the citrus fiber market is divided into bakery & confectionary, beverages, snacks & meals, flavorings & coatings, and others. The bakery & confectionary segment is expected to expand rapidly during the forecast period as it increases the bread product freshness.

North America holds the highest market share

In terms of regions, the citrus fiber market is classified as APAC, Europe, North America, and LAMEA. The market of North America holds the highest market share of the market during the projected period owing to changes in dietary patterns among consumers and the growing population.

Competitive Landscape

Key players competing in the Citrus Fibre market are Citrus Extracts LLC; Edge Ingredients; Hebei Lemont Biotechnology Co.; Herbafood Ingredients GmbH; DuPont de Nemours.

FAQs

How much is the market worth?

The Citrus Fibre market size was valued at USD 0.4 billion in 2022 and is expected to surpass USD 0.7 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 5.6%.

What are the key drivers of the market?

The market's growth is attributed to the increase in demand in the food industry, and ongoing research and development into new applications for citrus fiber in the food and beverage industry.

What segments are covered in the Citrus Fibre report?

The segments covered in the report are type (orange, lemon, tangerines/mandarins, and others), application (bakery & confectionary, beverages, snacks & meals, flavorings & coatings, and others).

Mention which region is expected to hold the highest share of the Citrus Fibre market.

The North American region is expected to hold the highest share of the Citrus Fibre market.

Mention the key players in the market.

Citrus Extracts LLC; Edge Ingredients; Hebei Lemont Biotechnology Co.; Herbafood Ingredients GmbH; DuPont de Nemours.