Citrus Fiber Market - Forecast(2024 - 2030)

Report Code: FBR 69693 Report Format: PDF + Excel

Citrus Fiber Market Overview

Citrus Fiber Market size is estimated to reach $427.6 million by 2027, growing at a CAGR of 5.4% during the forecast period 2022-2027. Citrus fibers can be delineated as a blend of fibers that may be soluble or insoluble in nature and are derived from the pulp of citrus fruits like lime, mandarins, grapefruit, orange, lemon, and many others. Owing to their antioxidant-rich nature, citrus fibers are used as dietary fibers worldwide. Also, citrus fibers are home to vitamin C, polyphenols, flavonoids, and other bioactive compounds. These flavorless and tasteless fibers play a significant role in the food and beverage industry to extend aroma to foods. Citrus fibers extend several health benefits such as a lower risk of cancer and coronary heart disease, weight loss, and prevent diabetes and gastrointestinal infections, and improved skin tone. Busy lifestyles, augmenting health consciousness among consumers, broadening demand for confectionery and RTE beverages, growing veganism, improving disposable income levels in developing countries, and urbanization are the factor set to drive the growth of the Citrus Fiber Market for the period 2022-2027.

Report Coverage

The report: “Citrus Fiber Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Citrus Fiber Market.

By Type: Tangerines/Mandarins, Lemon, Orange, Lime, Grapefruit, and Others.
By Applications: Personal care, Animal feed, Meat replacement, Confectionery and Bakery, Seasonings and Sauces, Beverages, and Others.
By Function: Thickener, Fat replacer, Water binder, Gelling agent, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).

Key Takeaways

  • Geographically, the North American Citrus Fiber Market accounted for the highest revenue share in 2021. The growth is owing to high living standards, comfortable disposable incomes because of affluent economies, and health attentiveness among people.
  • Mounting merger and acquisition activities, widescale usage in confectionery and bakery items, surging demand for dietary fibers, broadening disposable incomes, rising living standards of people in developing countries, a spike in the prevalence of life-threatening complications such as heart attack, cancer, diabetes, and growing old-age population are said to be pre-eminent drivers leading the growth of Citrus Fiber Market. Overwhelming inflation rates in the wake of fueling crude oil prices, intensifying unemployment, and environmental catastrophes are said to reduce the market growth.
  • Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Citrus Fiber Market report.

Citrus Fiber Market Share, By Region (%) in 2021


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Citrus Fiber Market Segment Analysis-By Type

The Citrus Fiber Market based on the type can be further segmented into Tangerines/Mandarins, Lemon, Orange, Lime, Grapefruit, and Others. The orange segment held the largest share in 2021. Orange is well-known for its vitamin C and rich soluble fiber nature which plays a substantial role when it comes to dropping cholesterol levels. The high amount of vitamin C in this citrus fruit promotes collagen production which is an essential protein for skin health. In addition to that, orange has drawn an immense attention following among consumers because of its low caloric nature, ample varieties, and tangy flavor benefits. Oranges are of utmost usefulness in reducing the risk of developing cancer and maintaining stable blood pressure. Nevertheless, grapefruit is estimated to be the fastest-growing segment with a CAGR of 6.5% over the forecast period 2022-2027. Even though the orange is the most desired but moderate consumption of grapefruit could prove to be quite a health-friendly choice as the citrus fruit grapefruit contains the highest number of antioxidants that inhibit tumor cells. Moreover, it promotes weight loss and overhauls prostate cell DNA.

Citrus Fiber Market Segment Analysis-By Application

The Citrus Fiber Market based on the application can be further segmented into Personal care, Animal feed, Meat replacement, Confectionery and Bakery, Seasonings and Sauces, Beverages, and Others. The confectionery and bakery segment held the largest share in 2021. In baker confections, citrus fibers act as a water binding agent and uphold the freshness of products over time by binding a large amount of water and oil and not releasing it over time. Citrus fibers are commonly taken into account as moisture management tools or emulsifiers to bring value to food products. Furthermore, the food and beverage segment is estimated to be the fastest-growing with a CAGR of 6.2% over the forecast period 2022-2027. This growth is owing to the rising popularity of sweets, desserts, and other confectionery items such as chocolate worldwide. In addition to that, the growing demand for nutrients rich health options like bread has fueled the market.

Citrus Fiber Market Segment Analysis-By Geography

The Citrus Fiber Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held the largest share with 35% of the overall market in 2021. The growth in this segment is owing to the factors such as high health awareness among people, quality lifestyles, widescale obesity, and augmenting demand for food and beverages which are fortified. Also, the majority of the population in North American countries lives in urban centers and enjoys high disposable incomes which is another crucial factor aiding the market in the said region. However, Asia-Pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to the gigantic population, rising middle-class, the proliferating geriatric population in Japan and China, growing demand for confectionery and bakery items as disposable income levels are on the rise, and rapid migration of people from rural areas to metropolitan cities in search of employment are the factors propelling the market growth.

Citrus Fiber Market Drivers

Staggering escalation in health illnesses is anticipated to boost market demand.

The incidences of gastrointestinal infections have experienced a steep rise following the covid-19 outbreak. According to a study conducted on SARS-CoV-2 patients, nearly 11.4 percent were found to have GI complications. Additionally, diabetes has emerged as a severe headache as it affects the daily lifestyles of patients. According to International Diabetes Federation, nearly 537 million grownups aging between 20 and 78 years had diabetes in 2021 and by the year 2030, the figure is projected to touch 643 million. These all are diagnosed cases; the study reveals that a major chunk of cases remains undiagnosed. Even though the doctors don’t know the exact cause behind this disease but several studies have linked it directly to obesity and sedentary habits. A report claimed that around 36 percent of US adults are reeling under the weight of problems posed by their overweight. Nevertheless, rapid modernization in developing countries is likely to worsen the situation.

Swift migrations, changing tastes and preferences, and a hike in disposable income levels are expected to boost market demand.

The rural area may be a perfect destination for idyll and hassle-free lives but owing to lack of industrialization they don’t provide adequate platforms or opportunities to earn a living. Consequently, migration has emerged as a major phenomenon. For instance, India’s urban population was recorded at around 481 million (34.9 percent of the total population) in 2021 and the figure is projected to reach 814 million by 2050. Similarly, overall 64 percent of the African population is anticipated to turn urban by 2050; whereas, the total urban population of the world is said to reach the 6.3 billion mark. With growing urbanization, employment rates are growing. Similarly, as people are getting plenty of opportunities to make a living, the disposable income levels in developing nations are improving.

Citrus Fiber Market Challenges

Worsening inflation, unemployment, and environmental disasters are anticipated to hamper market growth.

The final products (in this case fiber citrus) have nothing to do with environmental calamities but their primary ingredient, fruit, their yield is totally dependent on climate. Sheer deforestation, augmented intensity and frequency of cyclones, global warming, plunging organic content in the soil, and lessening fertility are likely to pose challenges in foreseeable future. Shifting seasons, floods because of enlarging precipitation, and melting of glaciers are the outputs of rising global temperatures. For instance, last year in March the temperature in Antarctica was hovering at around -45 degrees Celsius; however, the temperature has gone up by 38 degrees as scientists at Concordia Research Station on March 18 recorded a temperature of -11.5 degrees Celsius. This is the sort of calamity Antarctica is battling. Moreover, growing inflation rates and unemployment are likely to hamper the steady growth of the aforementioned market.

Citrus Fiber Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. Citrus Fiber market top 10 companies include-

  1. Carlina Ingredients
  2. DuPont de Nemours Inc.
  3. Cargill Inc.
  4. Citrus Extracts LLC.
  5. Herbafood Ingredients GmbH
  6. Edge Ingredients
  7. CP Kelco Inc.
  8. Fiberstar Inc.
  9. Naturex SA
  10. Royal DSM

Recent Developments/Product Launches:

  • On October 19, 2021, Heerlen, Netherlands-based multinational company “Koninklijke DSM”, also known as “Royal DSM” announced the successful acquisition of Wisconsin, United States-based food products supplier “First Choice Ingredients.” A payment of $453 million was paid by DSM in order to bring the acquisition to a close.
  • On September 23, 2021, River Falls, Wisconsin-based Fiberstar Inc (a biotechnology company renowned for its citrus fiber “Citri-Fi”) announced that the company has reached a partnership with US-based wholesale distributors “Gillco Ingredients” and “Accurate Ingredients.” The move is aimed at expanding the market in the US through deep penetration.
  • On September 10, 2021, CP Kelco (a Georgia, United States-based known for its hydrocolloid services/citrus fibers) announced an investment worth $50 million to build 2nd citrus fiber production facility in Matao, Brazil-based. The investment is solely aimed at expanding citrus fibers' production capacity to curtail the soaring demand for dietary fibers.

Relevant Links:

Citrus Flavours Market-Forecast (2021-2026)

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Organic Food & Beverages Market – Forecast (2022 - 2027)

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Food Flavors Market - Forecast(2022 - 2027)

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1. Citrus Fiber Market Overview
    1.1 Definitions and Scope
2. Citrus Fiber Market - Executive Summary
3. Citrus Fiber Market– Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis-Global
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Citrus Fiber Market– Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Citrus Fiber Market– Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index-Global
    5.3 Case Studies of Successful Ventures
6. Citrus Fiber Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
    6.3.1 Bargaining power of suppliers
    6.3.2 Bargaining powers of customers
    6.3.3 Threat of new entrants
    6.3.4 Rivalry among existing players
    6.3.5 Threat of substitutes
7. Citrus Fiber Market– By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Citrus Fiber Market – By Type (Market Size –$Million/$Billion) 
    8.1 Tangerines/Mandarins
    8.2 Lemon
    8.3 Orange
    8.4 Lime
    8.5 Grapefruit
    8.6 Others
9. Citrus Fiber Market – By Applications (Market Size –$Million/$Billion) 
    9.1 Personal care
    9.2 Animal feed
    9.3 Meat replacement
    9.4 Confectionery and Bakery
    9.5 Seasonings and Sauces
    9.6 Beverages
    9.7 Others
10. Citrus Fiber Market – By Function (Market Size –$Million/$Billion) 
    10.1 Thickener
    10.2 Fat replacer
    10.3 Water binder
    10.4 Gelling agent
    10.5 Others
11. Citrus Fiber Market- By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico 
    11.2 Europe
        11.2.1 Germany
        11.2.2 France
        11.2.3 UK
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific 
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 Rest of South America
11.5 Rest of World
    11.5.1 Middle East
    11.5.2 Africa
12. Citrus Fiber Market- Market Entropy
    12.1 New product launches
    12.2 M&A's, collaborations, JVs and partnerships
13. Citrus Fiber Market– Industry Competition Landscape (Premium)
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key Companies
        13.1.3 Market Share by Countries – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Citrus Fiber Market– Key Company List by Country Premium (Premium)
15. Citrus Fiber Market- Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies*"

LIST OF TABLES

1.Global Citrus Fibre Market Analysis and Forecast By Grade Market 2023-2030 ($M)
2.Global Citrus Fibre Market Analysis and Forecast By Function Market 2023-2030 ($M)
3.Global Citrus Fibre Market Analysis and Forecast By Grade Market 2023-2030 (Volume/Units)
4.Global Citrus Fibre Market Analysis and Forecast By Function Market 2023-2030 (Volume/Units)
5.North America Citrus Fibre Market Analysis and Forecast By Grade Market 2023-2030 ($M)
6.North America Citrus Fibre Market Analysis and Forecast By Function Market 2023-2030 ($M)
7.South America Citrus Fibre Market Analysis and Forecast By Grade Market 2023-2030 ($M)
8.South America Citrus Fibre Market Analysis and Forecast By Function Market 2023-2030 ($M)
9.Europe Citrus Fibre Market Analysis and Forecast By Grade Market 2023-2030 ($M)
10.Europe Citrus Fibre Market Analysis and Forecast By Function Market 2023-2030 ($M)
11.APAC Citrus Fibre Market Analysis and Forecast By Grade Market 2023-2030 ($M)
12.APAC Citrus Fibre Market Analysis and Forecast By Function Market 2023-2030 ($M)
13.MENA Citrus Fibre Market Analysis and Forecast By Grade Market 2023-2030 ($M)
14.MENA Citrus Fibre Market Analysis and Forecast By Function Market 2023-2030 ($M)

LIST OF FIGURES

1.US Citrus Fibre Market Revenue, 2023-2030 ($M)
2.Canada Citrus Fibre Market Revenue, 2023-2030 ($M)
3.Mexico Citrus Fibre Market Revenue, 2023-2030 ($M)
4.Brazil Citrus Fibre Market Revenue, 2023-2030 ($M)
5.Argentina Citrus Fibre Market Revenue, 2023-2030 ($M)
6.Peru Citrus Fibre Market Revenue, 2023-2030 ($M)
7.Colombia Citrus Fibre Market Revenue, 2023-2030 ($M)
8.Chile Citrus Fibre Market Revenue, 2023-2030 ($M)
9.Rest of South America Citrus Fibre Market Revenue, 2023-2030 ($M)
10.UK Citrus Fibre Market Revenue, 2023-2030 ($M)
11.Germany Citrus Fibre Market Revenue, 2023-2030 ($M)
12.France Citrus Fibre Market Revenue, 2023-2030 ($M)
13.Italy Citrus Fibre Market Revenue, 2023-2030 ($M)
14.Spain Citrus Fibre Market Revenue, 2023-2030 ($M)
15.Rest of Europe Citrus Fibre Market Revenue, 2023-2030 ($M)
16.China Citrus Fibre Market Revenue, 2023-2030 ($M)
17.India Citrus Fibre Market Revenue, 2023-2030 ($M)
18.Japan Citrus Fibre Market Revenue, 2023-2030 ($M)
19.South Korea Citrus Fibre Market Revenue, 2023-2030 ($M)
20.South Africa Citrus Fibre Market Revenue, 2023-2030 ($M)
21.North America Citrus Fibre By Application
22.South America Citrus Fibre By Application
23.Europe Citrus Fibre By Application
24.APAC Citrus Fibre By Application
25.MENA Citrus Fibre By Application
26.Fiberstar, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Ceamsa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Quadra Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Florida Food Products, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Cargill Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)