Citrus Fibre Market Report, Global Share, Trend Analysis Report

Citrus Fibre Market Report by Function (Water Binder and Fat Replacer, Thickening Gums and Gelling Gums), Grade (food and pharmaceuticals), Application (Bakery, Desserts and Ice-Creams, Sauces and Seasonings, Meat and Egg Replacement, Beverages, Flavourings, and Coatings, Snacks and Meals, Personal Care and Pharmaceuticals) - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : fb1819 | Publish Date : Upcoming | Industry : Food_Beverage | Geography : Global

Citrus fibre is a component used as a phosphate replacer, enhance yield and maintain moisture in meat products. Furthermore, it is mixing with food products to enhance the quality and taste. Citrus fibres are widely used in the market and they have been used on a large scale in the food industry due to their beneficial effects on food nutritional properties and consumer’s health. Citrus fibres have a range of advantages and they act as a prospective anti-allergen. They are gaining popularity owing to substantial health benefits such as improved digestion, fat metabolism, and prevent breast, colon, and gastric cancers.

Citrus Fibre Market Outlook

The global market is estimated and forecasted in terms of revenue (USD million) generated by the citrus fibre market. The global citrus fibre market is primarily driven by rising health consciousness and priority of the consumer toward healthy lifestyle. Additionally, growing population and improving the standard of living is anticipated to further boost the market growth within the forecast period. The importance of food fibres has led to the development of a large and potential market for fibre-rich products and ingredients and in recent years.

Citrus Fibre Market Segmental Overview

Global citrus fibre market report is segmented into, functions, applications and geography. 

Citrus Fibre Market by Function 

The global citrus fibre market is segmented into, water binder and fat replacer, thickening gums and gelling gums. The citrus fibres are used in a wide variety of food applications depending on the grade used. It is effective in reducing fat levels and calories in bakery applications without compromising the taste, texture or cost of the finished product. The main functionality of the citrus peel fibres in a meat system is their water binding capacity; this property increases not only the yield but also the quality of the end product. 

Citrus Fibre Market by Grade 

Based on grade the global citrus fibre market is bifurcated into food and pharmaceutical. In 2017, the food grade segment dominated the global citrus fibre market and is estimated to maintain its dominance over the forecast period. Functional properties that citrus fibre can impart to a variety of food products, including meat and bakery products, is a prominent factor leading to the growth of the food grade segment in the global citrus fibre market. 

Citrus Fibre Market by Application 

Based on application, the global citrus fibre market is categorised into, bakery, desserts and ice-creams, sauces and seasonings, meat and egg replacement, beverages, flavourings, and coatings, snacks and meals, personal care, pharmaceuticals and others. The meat industry segment dominated the citrus fibre market. Citrus fibre is used in various applications since they are neutral in taste, odour, and colour. Moreover, the pharmaceutical segment is anticipated to grow at a faster highest CAGR during the forecast period due to increasing demand for form the pharmaceutical industry and technological advancement and use of advanced and modern processing systems in pharmaceutical industry. 

Citrus Fibre Market by Geography 

The global citrus fibre market is studies across key regions such as North America, Europe, Asia Pacific, and Rest of the world. In 2017, Asia Pacific accounted for the largest share in the global citrus fibre market. The largest share of the market is attributed to growing dietary fire industry in developed and developing countries like China & India and rising awareness and knowledge among the population with regards to the advantages of citrus fibre.

Citrus Fibre Market Key Players

Some of the major players operating in the citrus fibre market include Florida Food Products, Fiberstar, Inc., Ceamsa, Cargill, Inc and Quadra Chemicals Ltd. Market players are involved in new product development, product launches and collaboration agreements to exploit maximum revenue potential in global citrus fibre market. this new fibre product from citrus peel presents a neutral pH which expands the application possibilities to a wider range of food applications, where a natural and neutral flavour is important. Fiber star offers a wide variety of citrus fibre products such as Citri-Fi® 100, Citri-Fi® 125, Citri-Fi® 150, Citri-Fi® 200 and Citri-Fi® 300. These products are used for various applications such meat, bakery, dairy, etc.