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Research Reports

Global Citrus Fiber Market to reach US$ 184.9 Million by 2031

 

Consumption of vital nutrients, which is important for body metabolism and digestion, has bolstered the consumption of citrus fiber since consumer awareness in terms of food safety has increased in recent years. According to a recent report by Future Market Insights (FMI), the citrus fiber market is set to surpass US$ 184.9 Mn in 2031, rising at a healthy CAGR of over 5.2%.

Amid soaring competition, the top five players, comprising CP Kelco, Fiberstar Inc, CEAMSA, Herbafoods Ingredients GmbH, Florida Food Products Inc., and Lemont are expected to account for 41% of citrus fiber market in 2021.

With the rise of the clean label movement, demand for natural foods has skyrocketed, resulting in the addition of citrus fiber in myriad food and beverage products. Meanwhile, in developed markets such as the U.S., conflicting laws have made it illegal to utilize certain substances as food additives due to their harmful nature. Extensive scientific research and studies have elevated the position of citrus fiber as a healthy food additive that can improve the product quality and texture.

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Citrus fiber is often regarded as a neutral-tasting food additive that can extend the shelf life of food products. Under FDA regulations, prohibited food additives including hydrocolloids, phosphates, carrageenan, and others can be successfully replaced by citrus fiber components.

In recent years, the demand for dietary fiber has grown significantly. Citrus fruits have received increasing attention from several dietary fiber manufacturers from fruit source. Citrus fruits such as orange, grapefruit, lemon and tangerines/ mandarins are rich sources of dietary fibers with a well-balanced proportion of soluble and insoluble fibers.

Demand will continues increasing due to various functional benefits of these ingredients, especially when included in bakery products. Their high water holding capacity improves bread freshness and shelf life over time. FMI has estimated bakery sector to account for 19% of the global citrus fiber market over the forecast period.

According to the study, North America will emerge as a highly lucrative market. Demand outlook remains fairly positive for the U.S. market, as consumers are rendered more conscientious about cleaner ingredient list in food and personal care and cosmetic products.

“Paradigm shift in consumer behavior towards healthy, clean label and natural products will drive sales of citrus fiber over the forecast period. Scope for product launches will improve, as consumers exhibiting increasing demand for cleaner ingredient list for their favorite food and beverages items,” said a Future Market Insights analyst.

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Key Takeaways from the Citrus Fiber Market Study

Impact of the COVID-19 Crisis on the Citrus Fiber Market

Considering the declining demand for restaurant-based food and rising online purchase amid COVID-19, the implementation of non-traditional food delivery strategies has accelerated. Despite these shifts in consumer behavior, consumption patterns in some areas have remained relatively stable.

Essential services such as food, health care, finance, infrastructure, and government administration continue to operate. The lockdown restriction and inter- and intra- country supply have affected the sales.

The major citrus fiber manufacturing companies are located in the U.S., Europe, and China which supply their products across the globe. The supply of products has been hindered due to supply chain and trade restrictions.

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Competitive Landscape

Major players in the market are focusing on capacity and geographical expansion strategies in addition to collaborations with local players to bolsters production and distribution operations in untapped markets.  

Some of the leading companies offering citrus fiber are Fiberstar, Inc., CEAMSA, CP Kelco, Inc., Herbafoods Ingredients GmbH, Florida Food Products, Inc., Lemont, Golden Health, FUYAN PHARM (Henan), Inc., Nans Products, and Cifal Herbal Private Ltd., among others.

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