The
worldwide citrus fibers market is projected to expand at an
impressive pace from 2017 to 2022. The vast nutritional benefits and
functional properties possessed by citrus fibers is a key factor
propelling their demand among end-consumers. The rising awareness
about the benefits of dietary fiber in preventing breast cancer and
improving bowel movements is a key factor boosting the consumption of
citrus fiber-added food products.
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Among
other food grades, the food grade citrus fiber is projected to rise
at the leading annual growth, in terms of revenue, over the forecast
period. Regionally, the Asia Pacific Excluding Japan (APEJ) market
for citrus fiber is projected to rise at the leading CAGR of 5.1%
during the forecast period.
The
opportunities in the global citrus fiber market is predicted to be
worth US$ 382.3 Mn by the end of the forecast period. The market is
estimated to rise at a CAGR of 4.6% from 2017 to 2022.
Nutritional
Benefits of Naturally-Sourced Dietary Fiber Boost Uptake
The
intensifying need for naturally sourced dietary fiber for preventing
various diseases is a key factor boosting the demand for citrus
fiber. The insoluble dietary fibers obtained using citrus peel is
witnessing extensive demand due to the presence of bioactive
compounds, notably flavonoids, carotene, and polyphenols.
Citrus-fiber added food products are increasingly being consumed
owing to the preference of consumers toward consuming foods that are
nutritionally enhanced with the addition of all-natural fiber.
Sourced from non-allergen ingredients, their demand is attributed to
their substantial health-benefits in digestion and in preventing
breast, colon, and gastric cancers.
Vast
Functional Properties Coupled with Neutral Taste and Odor Bolster
Demand
Citrus
fiber is gaining popularity among processed food manufacturers on
account of several functional benefits they impact to the final
products. Citrus
fibers are neutral in taste, flavor, and odor and their
addition improves the texture and taste of final products. In many
cases, the addition of citrus fiber to foods such as meat and cheese
is cost effective, possible by reducing the formulation cost with the
replacement of costly ingredients with citrus fibers. In addition,
they substantially enhance the nutritional benefits by improving the
fat metabolism, and in many cases reduce the fat content.
Furthermore, the citrus fiber-added processed food are easier to
cook.
Functional
Clean Label Boost Demand among Natural Takers
The
demand for natural food ingredients in processed food products in
recent years has also boosted the demand for citrus fiber. An
increasing number of producers prefer to include citrus fibers in
various food items as it enables them to go for a clean label,
without being concerned about the E-number.
Food
Grade Projected to be Leading Segment
The
vast functional properties that citrus fiber can impart to a variety
of food products, including meat and bakery products, is a primary
factor accounting for the major share hold by the food grade citrus
fiber, among other grades. The market is anticipated to account for a
market share of 64.4% by 2022 end.
The
major regional markets for citrus fibers are North America, Latin
America, Europe, Japan, Asia Pacific Excluding Japan (APEJ) and MEA.
Of these, the APEJ market is anticipated to expand at CAGR of 5.1%
from 2017 to 2022 and will be worth US$ 99 Mn by the end of 2022.
Meanwhile,
the Middle East and Africa (MEA) citrus fiber market is forecast to
create an opportunity of US$ 3.3 Mn between 2017 and 2022.
Competitive
Tracking
Key
players operating in the global citrus fiber market include Ceamsa,
Fiberstar, Inc., Quadra Chemicals Ltd., Cargill, Inc., and Florida
Food Products. Leading players are developing cost-effective
formulations for citrus fiber-added food products. In addition, they
are spending on research and development on processing technologies
to consolidate their presence in major regions.
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