Citrus Fiber market size is USD 0.428 billion in 2023 and will grow at a CAGR of 5.90% from 2023-2030: Cognitive Market Research
Introduction of the?Citrus Fiber Market
Citrus fiber is obtained as a by-product from the juice industry and is commonly utilized as a water-binding agent, stabilizer, gelling agent, emulsifier, and texturizer. It is also employed to provide stability and a creamy texture to dairy alternative products like plant-based yogurt and cheese. The rising demand for natural ingredients from the cosmetics and personal care industry and rising awareness of health benefits and functional properties are driving its growth.
To extract citrus from fruits more effectively, Kerry, a food company, unveiled a unique non-thermal liquid extraction technique in October 2020. Citrus oils may be replaced by these highly concentrated extracts made using this novel technique.
Key Insights from Citrus Fiber Market Report
The Global Citrus Fiber market size is USD 0.428 billion in 2023 and will grow at a CAGR of 5.90% from 2023 to 2030.
Growing Demand for Natural and Functional Ingredients to Provide Viable Market Output
One key driver propelling the Citrus Fiber market is the increasing consumer preference for natural and functional ingredients in food and beverage products. Citrus fiber, derived from citrus fruits, serves as a versatile and sustainable solution for enhancing texture, stability, and fiber content in various applications. As health-conscious consumers seek clean-label products, the demand for citrus fiber is rising due to its natural origin, clean processing methods, and functional benefits, positioning it as a favored ingredient in the formulation of healthier and more nutritious food items.
NutracavaTM Citrus Fiber is in high demand from customers and has potential for growth. In September 2021, CP Kelco, a leader in nature-based ingredient solutions, announced today that it would invest over $50 million to expand manufacturing capacity.
Another crucial driver fuelling the citrus fiber market is its expanding range of applications across the food and beverage industry. Citrus fiber's unique properties, including its ability to act as a thickening agent, stabilizer, and fat replacer, make it valuable in diverse products such as dairy alternatives, baked goods, sauces, and meat products. The increasing awareness among manufacturers about the benefits of incorporating citrus fiber to improve the texture, mouth feel, and nutritional profile of their offerings is driving its adoption, contributing to the market's growth as a versatile ingredient in various food applications.
Cargill launched a pectin production plant in Brazil in September 2021. The corporation had to pay $150 million for the construction of the facility. The facility is meant to help the company grow its market share in the United States, boost the production of products like citrus fiber pectin, and boost formulation capabilities.
Market Dynamics of the?Citrus Fiber
A significant restraint in the citrus fiber market is the susceptibility to supply chain disruptions and seasonal variability inherent in citrus fruit production. The availability and quality of citrus fiber are closely tied to the citrus fruit harvest, which is subject to environmental factors, such as weather conditions and natural disasters. Seasonal variations can lead to fluctuations in citrus fiber production, impacting its availability and pricing. Moreover, supply chain disruptions, as seen during events like the COVID-19 pandemic, can hinder the seamless sourcing and processing of citrus fiber, posing challenges for manufacturers relying on a stable and consistent supply.
Impact of COVID-19 on the?Citrus Fiber Market
The COVID-19 pandemic significantly impacted the citrus fiber market, causing disruptions throughout the supply chain and altering consumer behavior. The lockdowns and restrictions imposed to curb the virus's spread led to labor shortages, affecting citrus production and processing. Moreover, disruptions in transportation and logistics hindered the distribution of citrus fiber-based products. The closure of restaurants, cafes, and other food service establishments resulted in a shift in consumer preferences towards packaged and shelf-stable goods, impacting the demand for citrus fiber in certain applications. Despite challenges, the pandemic underscored the importance of health and wellness, potentially driving increased interest in citrus fiber as a natural, functional ingredient in various food and beverage products in the post-pandemic era.
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Competitive Landscape of the Citrus Fiber Market
The Citrus Fiber market is characterized by intense competition, with key players vying for market share and innovation to stay ahead. Major companies such as Cargill, DuPont de Nemours, Inc., and Fiberstar, Inc. dominate the market, leveraging their extensive product portfolios and global presence.
Citrus Fiber?Industry News
Top Companies Market Share in Citrus Fiber Industry:
Citrus Fiber Market Analysis
Type Segment Analysis
According to Cognitive Market Research, the dominant category is the food industry. Citrus fiber has gained substantial traction as a key ingredient in the food sector due to its multifunctional properties. It serves as a natural thickening agent, stabilizer, and emulsifier, contributing to improved texture, moisture retention, and shelf life in a variety of food products. Its applications span across bakery items, sauces, dressings, dairy products, and meat alternatives. As consumers increasingly prioritize clean-label and natural ingredients, the demand for citrus fiber in the food industry continues to grow, with manufacturers leveraging its functional benefits to enhance the quality and health profile of a diverse range of food products.
The fastest-growing category in the Citrus Fiber market is the pharmaceutical industry. Citrus fiber's potential as a pharmaceutical excipient, especially in the formulation of oral solid dosage forms, has gained attention. Its binding and disintegrating properties make it a valuable component in pharmaceutical formulations, contributing to the controlled release of active ingredients. The pharmaceutical industry is exploring citrus fiber as a natural and plant-derived alternative to traditional excipients, aligning with the industry's increasing focus on cleaner and more sustainable ingredients. As pharmaceutical manufacturers seek innovative solutions, the adoption of citrus fiber in drug formulations is anticipated to witness rapid growth, marking it as the fastest-expanding category in the market.
Application Segment Analysis:
According to Cognitive Market Research, the dominant category is sauces and seasonings. Citrus fiber plays a crucial role in this segment, offering functionalities such as thickening, stabilizing, and enhancing the texture of sauces and seasonings. As consumers increasingly seek healthier and more natural food options, the demand for clean-label ingredients in sauces and seasonings has risen. Citrus fiber serves as a natural and plant-based solution for achieving the desired texture and viscosity in these products, making it a preferred choice for manufacturers.
The fastest-growing category in the Citrus Fiber market is meat and egg replacement. With the rising trend of plant-based and vegetarian diets, there is a growing demand for innovative ingredients that can replicate the texture and functionality of meat and eggs. Citrus fiber, with its water-binding and emulsifying properties, has found increasing Application in plant-based meat alternatives and egg replacers. It not only enhances the juiciness and mouth feel of plant-based meats but also contributes to the structural integrity of meat analogs. As the demand for plant-based protein surges, the meat and egg replacement category stands out as the fastest-growing Application for citrus fiber, driven by the need for sustainable and functional ingredients in alternative protein products.
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North America?Citrus Fiber?Market dominated?in 2023 and accounted for 40% of the global revenue
According to Cognitive Market Research, the global Citrus Fiber market size was estimated at USD 0.428 Billion, with North America emerging as the largest growing region, contributing to more than 40% of the total global revenue. In 2023, the market size in North America reached USD 0.17 billion, showcasing robust growth. Forecasts project a sustained and substantial expansion, with a CAGR of 5.0% from 2023 to 2030. The Regional analysis underscores North America's pivotal role, emphasizing its influence on the global Citrus Fiber market. Segmentation analysis delves into specific applications, industries, and verticals within the region, revealing unique trends and opportunities that drive the exceptional growth rate.In conclusion, North America stands at the forefront of the Citrus Fiber market's growth, leveraging its consumer-driven food trends and preferences. With a robust growth trajectory, the region is set to maintain its leadership, influencing the global landscape of the Citrus Fiber market by fostering innovation and meeting the evolving demands of health-conscious consumers in the years to come.
According to Cognitive Market Research, the global Citrus Fiber market size was estimated at USD 0.428 Billion, with Asia Pacific emerging as the fastest-growing region, contributing to more than 22% of the total global revenue. In 2023, the market size in Asia Pacific reached USD 0.09 billion, marking a substantial and rapid growth trajectory. Forecasts indicate that this momentum will persist, with a CAGR of 7.5% from 2023 to 2030. The Regional analysis underscores Asia Pacific's pivotal role, emphasizing its influence on the global Citrus Fiber market. Segmentation analysis delves into specific applications, industries, and verticals within the region, revealing unique trends and opportunities that drive the exceptional growth rate. In conclusion, Asia Pacific stands as the epicenter of rapid growth in the Citrus Fiber market, driven by evolving consumer preferences and a growing emphasis on health-conscious choices.
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