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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Better skin and clearer blood are other merits of citrus fiber, along with its application in pharmaceuticals. Vendors process the citrus with advanced technologies that involve mixing, milling, heating, and drying. The advanced procedure also works in the direction of limiting the waste to the minimum while creating opportunities for other industries to use pure citrus fiber. From soluble to insoluble, citrus fiber provides clean label ad nutritive properties to baked goods.
The major application of citrus fiber in creating beverage ingredient solutions as it provides high water-holding capacity and emulsification properties to deliver a sustainable process and composition also helps the market growth.
The global citrus fibre market is on a steady growth trajectory, expected to achieve a Compound Annual Growth Rate (CAGR) of 5.7% between 2023 and 2033. The market, valued at US$ 120.8 million in 2023, is projected to reach a substantial market share of US$ 211.3 million by 2033. Enhanced fibre enrichment technologies and the chemical-free nature of citrus fibre contribute to its increased adoption in various industries, particularly by beverage producers.
Citrus fibre, now deployable in an industrial setting, stands out for being chemically unmodified, making it a preferred choice for beverage manufacturers aiming for chemical-free products. Apart from its application in the food and beverage industry, citrus fibre offers health benefits, contributing to better skin and clearer blood. Its use in pharmaceuticals is also noteworthy, with advanced processing technologies ensuring minimal waste and creating opportunities for other industries.
Key Points:
- The US market is the largest space for the pet care industry and is expected to surpass a value of US$ 40.8 million by 2033, growing at a robust CAGR of 5.9% from 2023 to 2033.
- The South Korean market is thriving at the highest CAGR of 6% during the forecast period, likely to reach a value of US$ 5.5 million by 2033.
- The food grade segment is anticipated to thrive, with a CAGR of 4.8% during the forecast period, driven by higher consumption of citrus fibre in various food cuisines and packaged items.
- The orange segment leads in source type segments, boasting a CAGR of 5.5% between 2023 and 2033, showing significant growth compared to the historical period
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 are focused on delivering organic citrus fibre to industrial end-users, adopting techniques to provide dimension-specific proportions of citrus fibre solutions. Major players include 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 extended its product chain with the introduction of 100% citrus fibre that is textured, stabilized, and emulsified, featuring fruit-specific flavor and aroma along with moderate water-binding capacity.
- CP Kelco, Inc introduced its nature-based raw citrus fibre named NUTRAVA, a clean label-friendly citrus for multi-industrial usage.
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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