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Global Citrus Fiber Market- Description
Citrus fiber is referred to as a type of dietary fiber obtained from the indigestible part of citrus fruits containing both soluble and insoluble components of fruits like tangerine, lemon, grapefruit, etc. They soluble dietary fibers mostly include fructans, psyllium, pectin which can be dissolved in water and made into gel like substance. On the other hand, insoluble fibers generally include components like ligin, cellulose, and hemicellulose which do not dissolve in water and move through our gastrointestinal track in their intact structure. Citrus fibers are used across various industries namely food & beverage, medicine & healthcare, among others due to the health benefits and other advantageous properties of these dietary fibers.
Source: WMR
Global Citrus Fiber Market- Market Overview
Global citrus fiber market was worth USD 300 million in 2021 and is anticipated to register a CAGR of 6% over 2022-2030, thereby reaching a valuation of USD 500 million by the end of the analysis timeline.
Rising consumer preference towards natural, clean, and health ingredients in food & beverage products, rising cognizance about food safety, and growing prevalence of lifestyle diseases are driving the expansion of this market sphere. he citrus fiber market has witnessed significant growth in recent years, driven by several factors that are likely to continue shaping the market in the coming years. Some of the key growth drivers of the citrus fiber market include:
Increasing demand for natural and healthy food products: Consumers are increasingly concerned about their health and are looking for natural and healthy food products. Citrus fiber is a natural and plant-based ingredient that can be used as a thickener, emulsifier, and stabilizer in food products, without adding calories, fat, or cholesterol. As a result, the demand for citrus fiber is increasing in the food and beverage industry.
Growing trend of clean label food products: Consumers are also demanding clean label food products that are free from artificial ingredients, additives, and preservatives. Citrus fiber is a natural ingredient that can be used to replace artificial thickeners and stabilizers in food products. As a result, the demand for citrus fiber is increasing in the clean label food products segment.
Increasing use of citrus fiber in the pharmaceutical industry: Citrus fiber is also used in the pharmaceutical industry as a binding agent, disintegrant, and coating agent in tablets and capsules. The growing demand for pharmaceutical products is likely to drive the demand for citrus fiber in the pharmaceutical industry.
Growing demand for convenience food products: The demand for convenience food products is increasing due to the busy lifestyles of consumers. Citrus fiber is used as a thickener and stabilizer in convenience food products such as sauces, dressings, and soups. The growing demand for convenience food products is likely to drive the demand for citrus fiber in the food and beverage industry.
Source: WMR
Global Citrus Fiber Market- Key Trends
Health benefits offered by citrus fiber are majorly boosting market growth
Citrus fiber comes with numerous health benefits which are the primary reason behind its increasing usage in food, beverage, beauty, and personal care industry. People are shifting towards a healthy lifestyle because of the rising prevalence of diseases mainly caused by poor lifestyle and eating habits. This dietary fiber is known as natural fat replacers as it is enriched with components like hydrocolloids that can make food & beverage products healthier. This in turn is creating new growth avenues for global citrus fiber market. Furthermore, surging demand for natural and plant based beauty and self-care products and increasing customer expenditure on natural consumables are positively swaying the market dynamics.
Shifting consumer preference towards plant based products is fueling market expansion
In the recent years, there has been a rising trend of people shifting towards plant based products for their dietary needs. This is driven by health advantages of plant based products, rising health issues, and increasing environmental cognizance among the masses. All these factors have resulted in the rapid increase in the adoption of citrus fibers in food & beverage products, thereby boosting market expansion. Also surging trend of veganism across the globe is leading people opt for plant based components in their daily use products associated with food, beverage, beauty, self-care etc. This in turn has fueled the usage of citrus fibers in the mentioned end use sectors, thus driving the overall market expansion.
Global Citrus Fiber Market- segment analysis
By Function
Water binder & Fat replacer
Thickening Gums
Gelling Gums
The water binder & fat replacers segment presently holds around 48.5% of value share attributable to escalating demand from various food applications such as yogurt, bakery, spreads, etc.
By Application
Bakery
Sauces & Seasonings
Meat & Egg Replacement
Desserts & Ice-Creams
Beverages, Flavorings, & Coatings
Snacks & Meals
Others
By End use
Food & Beverage
Pharmaceuticals
Personal Cares
Others
The food & beverage segment is expected to amplify with a CAGR of 7% over the estimated timeline due to increasing adoption of these fibers in various food & beverage products owing to their various health benefits.
By Distribution Channel
Direct
Indirect
Source: WMR
Global Citrus Fiber Market- Geograhical landscape
Considering the geographical ambit, North America, Europe, Latin America, Middle East & Africa, and Asia Pacific are the major benefactors to global citrus fiber market dynamics. Among these, Europe presently dominates the overall market and is projected to register notable growth over the estimated timeline. This is ascribed to escalating demand for packed and convenient food driven by rising disposable income and fast moving lifestyle and favorable climatic conditions.
Global Citrus Fiber Market- Competitive Landscape
Fiberstar, Inc, Ceamsa, Edge Ingredients, FGF Trapani, AMC Group, Carolina Ingredients, DuPont de Nemours, Inc, Herbafood Ingredients GmbH, Lucid Colloids Ltd, Florida Food Products, Silvateam S.p.A, Cargill Incorporated, CP Kelco US , Inc., Ingredients Nature, Nans Products, Citrus Extracts, Yantai Andre Pectic Co Ltd, Naturex SA, Quadra Chemicals Ltd., Yantai Andre Pactin Co., Golden Health, and Others are the major players constituting the competitive landscape of this business sphere.
Notably, Azelis in July 2021 expanded its partnership deal with CP Kelco to boost its distributional capacity of citrus fibers and other natural food ingredients across Netherlands.
Global Citrus Fiber Market- Report Scope
Forecast years- 2023-2033
Historical Years- 2020-2021
Global Citrus Fiber Market Forecast 2022- USD 300 million
Global Citrus Fiber Market CAGR- 6%
Global Citrus Fiber Projected Market 2033- USD 500 million
Key segments covered-
By Nature, (Organic Citrus Fibers and Conventional Citrus Fibers),
By Grade (Food grade, pharma grade, and others),
By Source (orange, tangerine/mandarin, grapefruit, and lemon & lime),
By Function (gelling gums, thickening gums, water binders & fat replacers),
By Application (food & beverage, personal care, pharmaceutical, and animal feed),
By Distribution Channel (online , supermarkets & hypermarkets, convenience stores, department stores, pharmacies, and specialty stores)
Key Regions and countries reported-
North America (US and Canada)
Europe (UK, Germany, France, Italy, Spain, and Russia)
Asia Pacific (India, China, Japan, South Korea, Australia)
Latin America (Brazil, Mexico, and Argentina)
Middle East & Africa (GCC and South Africa)
Top Players Profiled- Fiberstar, Inc, Ceamsa, Edge Ingredients, FGF Trapani, AMC Group, Carolina Ingredients, DuPont de Nemours, Inc, Herbafood Ingredients GmbH, Lucid Colloids Ltd, Florida Food Products, Silvateam S.p.A, Cargill Incorporated, CP Kelco US , Inc., Ingredients Nature, Nans Products, Citrus Extracts, Yantai Andre Pectic Co Ltd, Naturex SA, Quadra Chemicals Ltd., Yantai Andre Pactin Co., Golden Health, and Others
1. Global Citrus Fiber Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. CITRUS FIBER Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million)
1.4. Global Citrus Fiber Market Scope and Market Estimation
1.4.1. Global CITRUS FIBER Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global CITRUS FIBER Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Citrus Fiber Market Segmentation
1.5.1. Function of Global Citrus Fiber Market
1.5.2. Application of Global Citrus Fiber Market
1.5.3. End Use Industry of Global Citrus Fiber Market
1.5.4. Distribution channel of Global Citrus Fiber Market
1.5.5. Key Regions of Global Citrus Fiber Market
2. Global Citrus Fiber Market - Executive Summary
2.1.1. Global Citrus Fiber Market Summary & Snapshot
2.1.2. Global Citrus Fiber Market, By Function (Us$ Million)
2.1.3. Global Citrus Fiber Market, By Application (Us$ Million)
2.1.4. Global Citrus Fiber Market, By End Use Industry (Us$ Million)
2.1.5. Global Citrus Fiber Market, By Distribution channel (Us$ Million)
2.1.6. Global Citrus Fiber Market, By Geography (Us$ Million)
2.1.7. Global Citrus Fiber Market Outlook & Future Opportunities
3. Citrus Fiber Market Trends, Outlook, and Factors Analysis
3.1. Global Citrus Fiber Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global CITRUS FIBER Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Citrus Fiber Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. The application of citrus fiber is further increasing in processed and packaged food, as they are neutral in flavor, taste and is used to lower the price by mixing them with expensive items such as meat and cheese.
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Restraints
3.2.2.1. The food safety and standard inspecting organizations of different nations are watching closely as these substances can used for adulteration purpose and there are laws prohibiting its use above certain limit.
3.2.2.2. Restraint 2
3.2.3. Opportunities
3.2.3.1. Pet food segments is seeing a rise in demand for citrus fibers and it is forecasted to grow further rapidly.
3.2.3.2. Opportunity 2
3.2.3.3. Opportunity 3
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of CITRUS FIBER Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of CITRUS FIBER Market
3.9.1. By Function
3.9.2. By Application
3.9.3. By End Use Industry
3.9.4. By Distribution channel
3.9.5. By Regions
4. Global Citrus Fiber Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Citrus Fiber Market, 2020 2021 (Us$ Million)
4.2. Global Citrus Fiber Market, By Function, 2020 To 2021 (Us$ Million)
4.3. Global Citrus Fiber Market, By Application, 2020 To 2021 (Us$ Million)
4.4. Global Citrus Fiber Market, By End Use Industry, 2020 To 2021 (Us$ Million)
4.5. Global Citrus Fiber Market, By Distribution channel, 2020 To 2021 (Us$ Million)
4.6. Global Citrus Fiber Market, By Region, 2020 To 2021 (Us$ Million)
5. Global Citrus Fiber Market Estimates & Forecast Trend Analysis, by Function
5.1. Global Citrus Fiber Market Share (%) Estimates and Forecasts, by Function, 2022 & 2033
5.2. Global Citrus Fiber Market Revenue (US$ Million) Estimates and Forecasts, by Function, 2022 to 2033
5.2.1. Function_ Water Binder & Fat Replacer
5.2.2. Function_ Thickening Gums
5.2.3. Function_ Gelling Gums
6. Global Citrus Fiber Market Estimates & Forecast Trend Analysis, by Application
6.1. Global Citrus Fiber Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
6.2. Global Citrus Fiber Market Revenue (US$ Million) Estimates and Forecasts, by Application, 2022 to 2033
6.2.1. Application_ Bakery
6.2.2. Application_ Sauces & Seasonings
6.2.3. Application_ Meat & Egg Replacement
6.2.4. Application_ Desserts & Ice-Creams
6.2.5. Application_ Beverages, Flavorings, & Coatings
6.2.6. Application_ Snacks & Meals
6.2.7. Application_ Others
7. Global Citrus Fiber Market Estimates & Forecast Trend Analysis, by End Use Industry
7.1. Global Citrus Fiber Market Share (%) Estimates and Forecasts, by End Use Industry, 2022 & 2033
7.2. Global Citrus Fiber Market Revenue (US$ Million) Estimates and Forecasts, by End Use Industry, 2022 to 2033
7.2.1. End Use Industry_ Food & Beverage
7.2.2. End Use Industry_ Pharmaceuticals
7.2.3. End Use Industry_ Personal cares
7.2.4. End Use Industry_ Others
8. Global Citrus Fiber Market Estimates & Forecast Trend Analysis, by Distribution channel
8.1. Global Citrus Fiber Market Share (%) Estimates and Forecasts, by End Use Industry, 2022 & 2033
8.2. Global Citrus Fiber Market Revenue (US$ Million) Estimates and Forecasts, by End Use Industry, 2022 to 2033
8.2.1. Distribution channel_ Direct
8.2.2. Distribution channel_ Indirect
9. Global Citrus Fiber Market Analysis and Forecast, by Region
9.1. Global Citrus Fiber Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
9.2. Global Citrus Fiber Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East and Africa
9.2.5. Latin America
10. North America CITRUS FIBER Market: Estimates & Forecast Trend Analysis
10.1. North America Citrus Fiber Market Assessments & Key Findings
10.2. North America Citrus Fiber Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. North America Citrus Fiber Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
10.3.1. By Function
10.3.2. By Application
10.3.3. By End Use Industry
10.3.4. By Distribution channel
10.3.5. By Major Country
10.3.5.1. The U.S.
10.3.5.2. Canada
11. Europe Citrus Fiber Market: Estimates & Forecast Trend Analysis
11.1. Europe Citrus Fiber Market Assessments & Key Findings
11.2. Europe Citrus Fiber Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Europe Citrus Fiber Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
11.3.1. By Function
11.3.2. By Application
11.3.3. By End Use Industry
11.3.4. By Distribution channel
11.3.5. By Major Country
11.3.5.1. Germany
11.3.5.2. The U.K.
11.3.5.3. France
11.3.5.4. Italy
11.3.5.5. Spain
11.3.5.6. Rest of Europe (includes all other European countries)
12. Asia Pacific Citrus Fiber Market: Estimates & Forecast Trend Analysis
12.1. Asia Pacific Citrus Fiber Market Assessments & Key Findings
12.2. Asia Pacific Citrus Fiber Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Asia Pacific Citrus Fiber Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.3.1. By Function
12.3.2. By Application
12.3.3. By End Use Industry
12.3.4. By Distribution channel
12.3.5. By Major Country
12.3.5.1. China
12.3.5.2. Japan
12.3.5.3. India
12.3.5.4. ASEAN
12.3.5.5. South Korea
12.3.5.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
13. Middle East & Africa Citrus Fiber Market: Estimates & Forecast Trend Analysis
13.1. Middle East & Africa Citrus Fiber Market Assessments & Key Findings
13.2. Middle East & Africa Citrus Fiber Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Middle East & Africa Citrus Fiber Market Size Estimates and Forecast (Us$ Million) (2022 To 2033)
13.3.1. By Function
13.3.2. By Application
13.3.3. By End Use Industry
13.3.4. By Distribution channel
13.3.5. By Major Country
13.3.5.1. GCC
13.3.5.2. South Africa
13.3.5.3. Egypt
13.3.5.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
14. Latin America Citrus Fiber Market: Estimates & Forecast Trend Analysis
14.1. Latin America Market Assessments & Key Findings
14.2. Latin America Citrus Fiber Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Latin America Citrus Fiber Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
14.3.1. By Function
14.3.2. By Application
14.3.3. By End Use Industry
14.3.4. By Distribution channel
14.3.5. By Major Country
14.3.5.1. Brazil
14.3.5.2. Mexico
14.3.5.3. Rest of Latin America (includes all other Latin America countries)
15. Competitive Landscape
15.1. Citrus Fiber Market Revenue Share Analysis (%), by Major Players (2021)
15.2. Citrus Fiber Market Competition Matrix, by Leading Players
15.3. Citrus Fiber List of Emerging, Prominent and Leading Players
15.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
16. Company Profiles
16.1. DuPont De Nemours Inc.
16.1.1. Company Overview & Insights
16.1.2. Financial Performance
16.1.3. Product / Service Portfolio
16.1.4. Geographical Footprint & Share
16.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
16.2. Edge Ingredients
16.3. FGF Trapani
16.4. AMC GROUP
16.5. CARGILL INC
16.6. Carolina Ingredients
16.7. CEAMSA
16.8. FIBERSTAR INC
16.9. FLORIDA FOOD PRODUCTS
16.10. Herbafoods
16.11. Citrus Extracts
16.12. CP KELCO
16.13. Ingredients Nature
16.14. JRS Silvateam
16.15. LUCID COLLIDS LTD
16.16. Nans Products
16.17. NATUREX SA
16.18. QUADRA CHEMICALS LTD
16.19. YANTAI ANDRE PACTIN CO.
16.20. Golden Health
16.21. Others
17. Assumptions and Research Methodology
17.1. Data Mining
17.2. Secondary Research
17.3. Primary Research
17.4. Subject Matter Expert Advice
17.5. Quality Check
17.6. Final Review
17.7. Data Triangulation
17.8. Bottom-Up Approach
17.9. Top Down Approach
17.10. Research Flow
17.11. Key Insights from Industry Experts
17.12. Data Sources
17.13. Assumptions
17.14. Limitations
18. Conclusions and Recommendations
18.1. Key Research Findings and Conclusion
18.2. Key Insights & Recommendations from Analysts