The
global citrus fibre market demonstrates a highly competitive business
landscape, finds a new research study by Transparency Market research
(TMR). The key players in this market, such as Cargill Inc., Ceamsa,
Quadra Chemicals Ltd., Fiberstar Inc., and Florida Food Products, are
working actively for the development of cost-efficient formulations
for citrus fibre-added food products. Over the coming years, these
players are projected to increase their expenditure on research and
development activities on processing technologies in order to
strengthen their presence in various regional markets, reports the
research study.
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According
to the research report, the opportunity in the global market for
citrus fibre is estimated to expand at a CAGR of 4.60% during the
period from 2017 to 2025 and reach a valuation of US$ 382.3 mn by the
end of the period of the forecast. The demand for food grade citrus
fibre is comparatively greater and the trend will continue throughout
the forecast period. The bakery, desserts and ice-creams, sauces and
seasonings, meat and egg replacement, beverages, flavorings and
coatings, snacks and meals, pharmaceuticals, and the personal care
industries have surfaced as the prominent application areas for
citrus fibre across the world. Geographically, Asia Pacific has been
dominating the worldwide market for citrus fibre and is projected to
retain its position throughout the forecast period.
“The
increasing requirement for naturally sourced dietary fibre for the
prevention of a number of diseases is the main factor that has been
boosting the global citrus
fibre market,” says the author of this study. The insoluble
dietary fibers gained through citrus peel is observing an extensive
demand, thanks to the presence of various bioactive compounds,
noticeably carotene, flavonoids, and polyphenols. The citrus-fiber
added food products are being consumed more and more due to the
rising preference of consumers toward including food products that
are nutritionally enhanced with all-natural fiber to their regular
diet. Obtained from non-allergen ingredients, citrus fibre enjoys
such high demand due to their significant health benefits in
digestion and avoiding several types of cancer, including colon,
breast, and gastric cancers, reports the study.
Overall
the worldwide market for citrus fibre looks thriving. However, the
high cost associated with citrus fibre-added food products may limit
their demand in the years to come, states the research report.
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