The citrus pulp market is anticipated to be worth US$ 180.97 million in 2023 and US$ 287.2 million by 2033. Citrus pulp demand is anticipated to maintain a constant CAGR of 5.9%.
The demand for natural and healthy ingredients is increasing as consumers become more health conscious. Citrus pulp feed is a natural and organic ingredient that contains high levels of fiber, making it a popular choice for health-conscious consumers. In addition, it is low in fat and calories, which makes it an attractive ingredient for weight management products. As the demand for natural and healthy ingredients continues to rise, the citrus pulp market is expected to grow.
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Sustainability is becoming a key concern for companies and consumers alike. Citrus pulp feed is a sustainable ingredient that can be used in a variety of applications, including animal feed, food and beverage products, and packaging. It is a by-product of the citrus juice industry, which helps to reduce waste and promote sustainability. As companies and consumers become more conscious of sustainability, the demand for citrus pulp is expected to increase.
Demand for Citrus Fiber Is Growing as Many People Try to Buy Products Free from Harmful Ingredients.
Since scientists have discovered citrus fibers’ health benefits, manufacturers have been adding them to several products to boost sales of citrus pulp. Citrus fiber is used in a wide variety of foods and beverages, including to fruit juices and yoghurts, salad dressings, condiments, sauces, baked goods, meats, and soups. Researchers have found that citrus fiber has numerous health benefits, including the prevention of cancer, improvement of heart health, digestion, stress relief, and skin tone.
Polyphenols, vitamin C, and flavonoids are just few of the bioactive compounds found in citrus fiber that contribute to its health benefits. As clean-label foods and drinks become the norm, consumers are looking to our clients for cutting-edge solutions to meet their needs. Companies that sell citrus fiber tout not only its health advantages, but also its potential to replace eggs and oil, clean label, and its contribution to sustainability by making productive use of post-processed citrus that would otherwise be thrown away.
The rising demand for naturally derived cosmetics is prompting several players in the citrus fiber market to emphasize their continued investment in ingredient innovation for broad cosmetic and personal care applications. Furthermore, the rising interest in natural remedies is driving up demand for citrus ingredients in all sorts of cosmetics. Citrus fibers, which are essential for enhancing the body’s metabolism and digestion, have been seeing a rise in popularity as consumers become more concerned about the safety of the food they eat. Citrus fiber’s inclusion in a wide variety of products across sectors reflects the growing clean label movement’s emphasis on the importance of using ingredients with few or no artificial ingredients.
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Key Takeaways:
- The availability and demand for citrus pulp around the year, owing to the presence of several citrus fruit juice production facilities, is aiding the long-term prospects of the industry.
- Europe market holds a predominant position, accounting for over 30% of the global market share, driven by demand from consumers in the United Kingdom, Germany, and France.
- The demand for orange-based citrus pulp is expected to account for a significant market share through the end of the forecast period.
- The market is facing challenges related to contaminants and counterfeit products, and fluctuations in yield due to environmental factors.
- The demand for citrus pulp in the bakery products segment is estimated to remain the prominent in the near future, driven by growing applications in confitures and fresh fruit pastries.
- Citrus pulp feed is used in various end-use applications, including bakery, sauces and seasonings, meat and egg replacement, personal care, and pharmaceutical offerings, among others.
- The growing demand for convenience foods is expected to bolster fast growth in the snacks and meals segment.
Competitive Landscape:
The citrus pulp market is highly competitive and fragmented, with several key players vying for market share. Some of the leading companies in the market include:
- Fiberstar, Inc.
- Cargill, Inc.
- Commodity Specialists Company
- Agrifiber Products, Inc.
- DuPont de Nemours, Inc.
- Ingredion, Inc.
- Tereos Group
- CP Kelco U.S., Inc.
- Florida Food Products, LLC
- Ceamsa
The market is characterized by intense rivalry among players, with strategies such as product innovation, mergers and acquisitions, and strategic partnerships being employed to gain a competitive edge. Moreover, market players are focusing to expand their production capacities to cater to the growing demand for citrus pulp from various end-use industries.
The market is also witnessing the entry of new players, which is further intensifying the competition. This is expected to drive innovation and result in the development of new and advanced products in the market. Overall, the competitive landscape of the citrus pulp market is expected to remain highly dynamic and competitive in the coming years.
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Key Segments
Nature:
- Organic
- Conventional
Source:
- Oranges
- Tangerines/Mandarins
- Grapefruit
- Lemon and Lime
End Use:
- Bakery
- Desserts and Ice-Creams
- Sauces and Seasonings
- Meat and Egg Replacement
- Beverages, Flavorings, and Coatings
- Snacks and Meals
- Personal Care
- Pharmaceuticals
- Others
Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Departmental Stores
- Specialty Stores
- Pharmacy/Drug Stores
- Others
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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