The global citrus pulp fibre market value is anticipated to reach a market value of US$ 322.5 million by 2033, expanding with a CAGR of 6.8%. Sales of the fibre pulp are likely to account for a notable part of the demand in the global food processing market in 2023.
FMI predicts that this is due to the prevalent trend of increased consumer preference for plant-based products. Since citrus pulp fibre is a product of citrus fruit processing, it is natural and sustainable, which makes it more appealing for consumers as well as manufacturers who prefer sustainable ingredients in their products. Citrus pulp fibre has a wide range of applications including bakery, beverages, confectionary, etc. The expansion of these industries drives this industry to expand as well.
The seasonal availability of citrus fruit causes price fluctuations and supply uncertainties, which can turn out to be a challenge for suppliers and manufacturers. While citrus fibre has its benefits, it is not the only competitor in the market. It has to face competition from markets such as oat fibre, wheat bran, and cellulose based fibres. This causes an intensely competitive field for the product.
FMI points out that the expanding functional food and dietary supplements industry prefers citrus pulp fibre for its texture stability, nutritional content and its suitability for use in other products. This results in expansion of the citrus pulp market as well.
Key Takeaways
- According to FMI, the United States market is expanding at a CAGR of 20.4%, due to the increasing veganism movement in 2022.
- The German market is anticipated to be growing at a CAGR of 6.8% in the year 2022.
- The Japanese market is showing promise of growing to a CAGR of 6% in the same year.
- FMI observed that the market of Australia grew at a CAGR of 2.1% in 2022.
- The Chinese market expanded at a CAGR of 10.8% in 2022, due to consumer awareness towards sustainable products.
- India showed a CAGR of 6.9% in 2022, as the effect of the combined causes of sustainability and a growing consumer preference for plant-based items.
- The United Kingdom market inflated at a CAGR of 4.5% in 2022, based on research done by FMI. This lower CAGR is due to price and availability fluctuations.
Competitive Landscape
Key players in the citrus pulp fiber market are focusing on providing certified, high-quality citrus pulp fiber to their customers. Manufacturers are also heavily investing in research and development for various citrus pulp fiber applications. Furthermore, sales of citrus pulp fiber have increased in the personal care, animal feed, and pharmaceutical segments as people become more aware of its various uses and health benefits. Manufacturers now can increase their market share by offering segment-specific citrus pulp fiber.
- CP Kelco plans to increase its LMA pectin production capacity at its Lille Skensved, Denmark facility by 15% by incorporating advanced technology to extract pectin from a new generation of raw material.
- Cargill, Incorporated has come up with CitriPure Citrus Fibres, which are label friendly, offer a nutritional boost, and are obtained without any chemical modification, along with excellent texture enhancement. They are consistently tested and on-trend prototypes are continually created.
- CP Kelco, UNITED STATES., Inc. has NUTRAVA Citrus Fiber, which supports dietary fiber intake and is made from sustainably sourced peels, which is a byproduct of the juice industry. It has also released KELCOSENS Citrus Fibre, which is created from upcycled citrus peels, and helps stabilise emulsifier-free skincare products.
Drive Your Growth Strategy Purchase the Report for Key Insights:
Citrus Pulp Fiber Market by Category
By Nature:
- Organic
- Conventional
By Grade:
- Food
- Pharma
By Source:
- Oranges
- Tangerines/ Mandarins
- Grapefruit
- Lemon
- Lime
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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