Cibi e Bevande
Citrus Fiber Market to Grow by 1.7x through 2031 with Water Binder & Fat Replacer
NEW YORK , Aug. 17, 2021 /PRNewswire/ -- Growing demand for natural, plant-derived ingredients in food and personal care products is a chief growth driver in the global citrus fibers market. As per the study, citrus fiber market is poised to grow at approximately 6% CAGR, reaching US$ 500 Mn during the forecast period.
Increasing demand for glutton-free and vegan products in the food and beverage industry is propelling sales of citrus fibers. Negative health impacts observed due to increasing consumption of processed food are encouraging consumers to shift towards plant-based ingredients, further creating growth prospects in the citrus fibers market.
Besides this, clean ingredient lists in food and meat products are gaining significance among customers. Citrus fibers are effective alternatives to sodium triphosphate, which is boosting their inclusion in processed meat products.
Additionally, citrus fibers possess high fat-binding capacity and are beneficial for stabilizing emulsions. Owing to these factors, applications of citrus fibers in bakeries and confectionary are gaining traction, translating into a favorable growth trend in the near future.
Along with the food and beverage industry, citrus fibers are increasingly gaining significance in skincare and personal care products. These ingredients are rich in vitamin C, which is beneficial for improving skin tone, reducing dark spots, and target hyperpigmentation. The aforementioned factors are bolstering the adoption of orange and lemon citrus fibers in skincare products, resulting in increased sales of the same.
As per Fact.MR, with the increasing demand from food & beverage and personal care industries in the U.S., citrus fiber sales are anticipated to increase through 2031. Moreover, rising demand for vegan and plant-based products in the country will continue fostering sales of citrus fiber in the upcoming years.
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Leading companies in the citrus fiber market are focusing on research and development to expand their product portfolios in the market to fulfill the growing consumers' demand. For instance, in June 2021 , CP Kelco, a global leader in nature-based ingredients, announced the launch of a new global innovation center to facilitate ingredient research for better products in food, beverage, personal care, and home care.
Fact MR provides an unbiased analysis of the citrus fiber market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global citrus fiber market with a detailed segmentation on the basis of:
Fat Replacer Market - As obesity rates rise around the world, consumers are turning to low-fat or fat-free foods and beverages. Protein-based, carbohydrate-based, and lipid-based fat substitutes are increasingly used by food and beverage manufacturers. A combination of reduced-fat products and fat replacers is also offered by food product manufacturers because fat replacers alone cannot meet essential attributes. The majority of fat replacer on the market are reformulated food ingredients.
Flavour Enhancers Market - Compared to liquid flavour enhancers, the power form is expected to grow at a faster rate. Powdered flavour enhancers are expected to generate significant revenue by the end of 2026. It's easier to use flavour enhancers in powder form than liquid form. As a result, flavour enhancers in powdered form are used extensively in bakery products. Flavor enhancers are increasingly being used in powder form, thanks to technological advances that make dosing easier.
Clean Label Food Ingredient Market - Products with clean label food ingredients have become increasingly popular in recent years, and this trend is expected to continue in the near future. Clean label food ingredients is another strategy being used by manufacturers to attract consumers. The high consumption of processed foods and the rapidly expanding food industry are also driving the clean label food ingredient market.
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