The global citrus fiber market is anticipated to grow at a value CAGR of 5% during 2020-2030. The key factor complementing the market growth is due to the progressions in the food sector. However, the COVID-19 pandemic has impacted the citrus fiber market significantly because of latency in the end-use sector among limitations on human mobilization.
“With the rising demand for food products containing vitamin C, the citrus fiber market trends will remain to be favorable for substantial growth, as a consequence of increasing health awareness pertaining to food consumption, worldwide.” says the Fact.MR analyst.
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Citrus Fiber Market – Key Takeaways
Citrus Fiber Market – Driving Factors
Citrus Fiber Market – Constraints
Anticipated Market Impact by COVID-19 Outbreak
With restrictions and lockdowns imposed all over the world to avert the spread of COVID-19, the need for citrus fiber from end-use sectors has taken a hit. Conversely, partial uplift of the lockdown, as well as immunity-boosting food products are higher in demand, auguring well for the development of the worldwide citrus fiber market.
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Companies identified in the citrus fiber market include Fiberstar, Inc., Ceamsa, Quadra Chemicals Ltd., Florida Food Products, and Cargill, Inc. Companies are focused on geographical and capacity expansion to meet heightening citrus fiber demand in the food & beverage sector. For instance,
Fiberstar Inc. launched a naturally-extracted citrus fiber Citri-Fi 125 from the orange juicing procedure, applicable for enhancing tomato-based food products by substituting gums and starch in spreads, condiments, and sauces.
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More on the Report
The FACT.MR’s market research report provides in-depth insights into the citrus fiber market. The market is scrutinized on the basis of grade (pharmaceutical, food and others) source,( lemon & limes, grapefruit, tangerines/mandarins, and oranges), application (bakery, desserts& ice cream, sauces & seasonings, meat & egg replacement, beverages, flavoring & coatings, snacks & meals, personal care, pharmaceuticals and other applications), and function (water binders & fat replacers, thickening gums, and gelling gums) across seven major regions (North America, Europe, East Asia, South Asia, Oceania, Latin America, and Middle East & Africa (MEA).
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