The citrus fiber market is predicted to be valued at USD 172.7 million in 2024 and is expected to reach USD 248.6 million by 2034, marking a CAGR of 3.7%. The upsurge in product acceptance and usage is the factor accountable for the market growth during the forecast period.
Attributes | Details |
---|---|
Market Value for 2024 | USD 172.7 million |
Projected Market Value for 2034 | USD 248.6 million |
Value-based CAGR of Market for 2024 to 2034 | 3.7% |
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The powder is the top form of citrus fiber. The preferable product type as per the consumer demand is natural citrus fiber.
The powdered citrus fiber is expected to capture an 87.7% CAGR of the market share in 2024. Here are some factors influencing the growth of the market:
Attributes | Details |
---|---|
By Form | Powder |
Market Share (2024) | 87.7% |
The natural citrus fiber segment is anticipated to account for 91.7% of the market share in 2024. Some of the reasons for the progress of natural citric fibers adoption are:
Attributes | Details |
---|---|
Product Type | Natural |
Market Share (2024) | 91.7% |
North America is developing new product lines due to the growing demand for fortified food and beverages in the region, encompassing the United States, Canada, and Mexico. The market is expanding because of changing consumer eating patterns and a focus on a healthier lifestyle. The demand for citrus fiber in North America has driven the expansion of the citrus fiber market.
Industrialists are frequently investing in research and development programs to innovate a wide variety of health and nutritional supplements. The launch of new products has increased the demand for citric fiber in developing regions such as Asia Pacific and the Middle East.
Countries | CAGR (2024 to 2034) |
---|---|
United State | 2.3% |
Germany | 2.3% |
China | 4.3% |
Japan | 5.1% |
India | 5.1% |
North America is a key player in the global citrus fiber market, with the United States projected to grow at a CAGR of 2.3% through 2034.
The citrus fiber market is expected to progress at a CAGR of 4.3% in China through 2034.
The market is expected to progress at a CAGR of 2.3% in Germany throughout the forecast period.
The citrus fiber market is estimated to progress at a CAGR of 5.1% in Japan during the forecast period.
India is also anticipated to observe a profitable growth at a CAGR of 5.1% during the forecast period of 2024 to 2034.
Citrus fiber is gaining popularity in culinary applications due to its functional potential. Market players are taking advantage of this and trying to improve their offerings to further penetrate the market.
As regulatory agencies recognize its safety and benefits, manufacturers are innovating new products with citric fiber, ensuring food safety standards and promoting market growth through regulatory backing and approval.
Fiberstar, Inc. has launched the new organic citric fiber in response to the increasing demand for natural, sustainable, and organic food ingredients, fueling an uptick in demand and supporting growth in consumer health and wellness initiatives.
CP Kelco, a global leader in nature-based ingredient solutions, announces that its NUTRAVA citrus fiber is certified as an upcycled ingredient by the Upcycled Food Association.
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The market size is estimated to be USD 172.7 million in 2024.
The market is expected to increase at a CAGR of 3.7% over the forecast period.
The market is expected to register a CAGR of 4.3% in China from 2024 to 2034.
The Market is forecasted to have reached a size of USD 248.6 million by 2034.
Fiberstar, Inc., CEAMSA, CP Kelco, Inc., Herbafoods Ingredients GmbH, Florida Food Products, Inc., Lemont, Golden Health, FUYAN PHARM (Henan), Inc., Nans Products, Cifal Herbal Private Ltd.
The market is expected to register a CAGR of 5.1% in India from 2024 to 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Grade 5.1. Food Grade 5.2. Pharmaceutical Grade 5.3. Cosmetic Grade 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Source 6.1. Orange 6.2. Tangerine/Mandarins 6.3. Grapefruit 6.4. Lemons and Lime 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Bakery 7.2. Desserts and Ice-cream 7.3. Sauces & Seasonings 7.4. Meat & Egg Replacement 7.5. Beverages 7.6. Flavourings & Coatings 7.7. Snacks & Meals 7.8. Personal Care 7.9. Pharmaceutical 7.10. Other Application 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Function 8.1. Water Binder & Fat Replacer 8.2. Thickening Gums 8.3. Gelling Gums 8.4. Others 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Fiberstar, Inc. 19.2. CEAMSA 19.3. CP Kelco, Inc. 19.4. Herbafoods Ingredients GmbH 19.5. Florida Food Products, Inc. 19.6. Lemont 19.7. Golden Health 19.8. FUYAN PHARM (Henan), Inc. 19.9. Nans Products 19.10. Cifal Herbal Private Ltd. 20. Assumptions & Acronyms Used 21. Research Methodology
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