Citrus Pulp Fiber Market

Citrus Pulp Fiber Market Size, Share, Growth (2023-2028)

Citrus Pulp Fiber Market was at USD $0.17 million in 2023 and is anticipated to reach an extent of USD $0.23 billion in 2028, recording a CAGR of 6.70% .

Citrus Pulp Fiber Market Overview:

Citrus pulp fiber is extracted from citrus pulps by various extraction methods, and it is not only functional but organic. Also, by contributing to the soluble and insoluble fiber content, citrus pulp fibers provide stabilizing, thickening, water retention, and gelling capabilities and are used in place of eggs, starch and oils in many foods. This characteristic leads to its increasing use of various food products and characterizes the lucrative growth of the food market. Also, a favorable regulatory framework for government agencies to replace artificial food ingredients is cumulative with the acceptance of citrus fibers by food manufacturers.

Recent Developments in the Citrus Pulp Fiber Industry

1. Cargill Inc. signed an agreement to acquire the animal feed business of Southern States Cooperative, Inc., based in Richmond, a move that will help the company better serve its customers in the eastern United States. This acquisition is an important part of Cargill Feed and Nutrition's growth strategy and its commitment to the US feed industry, strengthening its distribution and marketing capabilities in key regions of the Southeast, Central Atlantic, and the Northeastern United States.

2. Fiberstar, Inc., a maker of value-added food ingredients, recently started a student innovation contest for identifying new applications of citrus fiber. The firm’s prominent brand, Citri-Fi, is a citrus fiber that is extracted as a by-product of orange juice production, which is manufactured with the aid of a patented process with technology licensed from the University of Minnesota.

Citrus Pulp Fiber Market Drivers and Restraints:

Consumers are becoming cautious about raw materials and sources of raw materials as they prefer natural, plant, organic, and chemical-free food products to maintain their health, which supports the market demand for citrus pulp fiber.

The beverage industry is experiencing an increase in demand for citrus flavors and the use of citrus ingredients. The main citrus flavors (orange, lemon, and lime) have been used for many years, are commonly known in many food and beverage categories, and are in many ways considered essential for the categories in which they are used. The orange is by far the most common citrus flavor profile and its uses and appeal are known the world over, from its consumption as fresh fruit to its use as a flavoring agent in beverages, confectionery, and more food products. Vitamin C in juices is an additional health benefit that is accepted by people and increases the popularity of citrus fruits.

Citrus pulp is increasingly used in meat products. For example, its properties help conserve water and fat to make juicy meatballs and sausages. Citrus pulp also helps prevent moisture by stuffing meat into steamed buns or in small batches. Due to its emulsifying and water-retention properties, the citrus pulp is a key ingredient used in baked goods. Hydrocolloids have a wide variety of functional properties in foods, including thickeners, gelling agents, emulsifiers, stabilizers, binders, etc. All these benefits play a crucial role in promoting the expansion in the global citrus pulp fiber market. Citrus Pulp Fiber MarketThe worldwide market for citrus pulp fiber is segmented based on its function into an aqueous binder and fat substitute, gelling agents, and thickening agents. On the basis of quality, the citrus pulp fiber market is segmented into food grade, pharmaceutical grade, etc. Also, on the basis of the application, the market has been segmented into bakeries, sauces and condiments, snacks and meals, pharmaceuticals, meat and egg substitutes, desserts and ice cream, beverages, flavors, and coatings, personal care, and others.

REPORT COVERAGE:

Impact of covid-19 on Citrus Pulp Fiber Market

The Coronavirus pandemic has changed the diet calculation of people around the world to improve their immunity and disease resistivity. This changing preference is acting positively for the citrus fruits as they are known to boost immunity, which is supporting the growth of the citrus pulp fiber market. The industry is likely to expand in the coming years with the introduction of new products based on consumer taste preferences and increasing investments by leading companies.

Citrus Pulp Fiber Market Regional Analysis:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

North America Citrus Pulp Fiber holds a prominent share with applications in the end-users like bakery & confectionery, meat and fish, instant mixes, margarine and spreads, soups & sauces, etc., as a stabilizer, emulsifier, and softener. Growing consumer health awareness is supporting the demand for dietary fiber, fueling the growth of the Citrus Pulp Fiber market. Especially in North America, the consumption of processed food products is high. Consumers' eating habits are changing and they demand healthy and natural food products. Adding Citrus Pulp Fiber to processed food products increases their nutritional value. This is driving the Citrus Pulp Fiber market in North America. The Asia Pacific region is estimated to record a significant growth rate in this market in the projection period due to the increasing consumer awareness related to the health benefits of citrus ingredients.

Citrus Pulp Fiber Market Key Players:

1. DuPont

2. Lucid Colloids Ltd

3. Fiberstar

4. Herbstreit & Fox

5. Naturex

6. Quadra Chemicals

7. Cargill, Inc.

8. Florida Food Product

9. Herbafood