Between 2023 and 2033, the citrus fibre market is anticipated to expand gradually at a 5.7% CAGR. The market is expected to grow from its 2023 sales of US$ 120.8 million to a predicted US$ 211.3 million market share by 2033.
Thanks to new fibre enrichment technologies, citrus fibre can now be used in an industrial setting. Customers are also encouraged to utilise citrus fibre because its goods are chemically unmodified. Natural citrus fibre is highly sought after by beverage production companies who desire to use no chemicals.
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Citrus fibre has other benefits outside of its use in medicine, such as better skin and clearer blood. The citrus is processed by vendors using cutting-edge methods, which include heating, milling, blending, and drying. While generating chances for other businesses to employ pure citrus fibre, the sophisticated technique also works to minimise waste. Citrus fibre, whether soluble or insoluble, gives baked goods a clean label and nutritional qualities.
Citrus fibre is widely used in beverage component solutions due to its excellent water-holding capacity and emulsification qualities, which provide a sustainable process and composition and support market expansion.
Key Points
- The US market is the biggest space for the pet care industry and is anticipated to cross a value of US$ 40.8 Mn by 2033. The regional market is expected to thrive at an elevated 5.9% between 2023 and 2033.
- The South Korean market thrives at the highest CAGR of 6% during the forecast period. The market is likely to reach a value of US$ 5.5 Mn by 2033.
- The food grade segment is likely to thrive in the grade category because of the higher consumption of citrus fiber in various food cuisines and packaged items. It is expected to thrive at a CAGR of 4.8% during the forecast period.
- The orange segment thrives the highest in the source type segments, with a CAGR of 5.5% between 2023 and 2033, while it thrived at a lower CAGR of 4.3% during the historical period.
Competitive Landscape
Key competitors focus on delivering the most organic citrus fiber to industrial end users. The wide range of applications pushes vendors to adopt techniques to deliver a better and dimension-specific proportion of citrus fiber solutions. Key players in the market 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.
For instance:
- Herbafoods Ingredients GmbH has extended its product chain by introducing 100% citrus fiber that is textured, stabilized, and emulsified. The product comes with fruit-specific flavour and aroma and moderate water-binding capacity.
- CP Kelco, Inc has introduced its nature-based raw citrus fiber named NUTRAVA, which is clean label-friendly citrus for multi-industrial usage.
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Key Segments
By Grade:
- Food Grade
- Pharmaceutical Grade
- Cosmetic Grade
By Source:
- Orange
- Tangerine/Mandarins
- Grapefruit
- Lemons and Lime
By Application:
- Bakery
- Desserts and Ice-cream
- Sauces & Seasonings
- Meat & Egg Replacement
- Beverages
- Flavorings & Coatings
- Snacks & Meals
- Personal Care
- Pharmaceutical
- Other Application
By Function:
- Water Binder & Fat Replacer
- Thickening Gums
- Gelling Gums
- Others
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