Wednesday, 23 October 2019

New Technology Developments in Citrus Fiber Market to Grow during Forecast year 2018-2028

A new Fact.MR study on citrus fiber market finds that the market grew at a healthy 4.3% y-o-y over 2017 to surpass US$ 92 million by the end of 2018. The study underscores how the health & wellness trend and the clean label movement are bolstering the influence of health-conscious consumers on growing adoption of citrus fiber in packaged food products.

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“Citrus fiber is gaining popularity as a natural specialty food ingredient, which is commonly used as an emulsifier and water-binding agent in various food products such as bakery, meat & dairy products, beverages, sauces & seasonings, and desserts. As modern consumers are becoming highly scrupulous about ingredients of packaged food products before making a purchase, a burgeoning number of food manufacturers are replacing fats and artificial ingredients with citrus fiber,” says a lead analyst at Fact.MR.

The positive growth parameters of the citrus fiber market are mainly attributed to a number of lucrative trends, such as

growing adoption of insoluble dietary fiber in a wide range of food products

citrus fiber manufacturers introducing innovative product portfolios to suit different food applications
favorable regulatory framework by governing organization complementing adoption of citrus fiber to replace artificial food ingredients.

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clean label movement supporting the use of citrus fiber as stabilizer and emulsifier in beverages
citrus fiber market players putting efforts into capturing untapped opportunities in the rapidly-growing pharmaceuticals industry.

Bakery Products – The Largest Application Segment in the Citrus Fiber Market


Citrus fiber products find multifold applications in the food & beverage industry, as they benefit various food & beverage products through nutritional improvements and textural enhancements. The Fact.MR study reveals that bakery is the largest application of citrus fiber in the food & beverage industry, as the adoption of citrus fiber in bakery products has increased significantly over the past few years.

Citrus Fiber Market Leaders Foray into the Pet Food Segment to Strengthen their Position across Industrial Sectors
The Fact.MR study finds that Tier I manufacturers of citrus fiber account for a significant revenue share in the citrus fiber market, making it a moderately consolidated market. With the help of advanced biotechnologies and patented manufacturing procedures, frontrunners in the citrus fiber market continue to consolidate their position in the market. Leading manufacturers in the citrus fiber market are adopting innovative strategies to improve their industry-wide foothold by boosting innovation.

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The Fact.MR study also provides insight on the futuristic outlook of the citrus fiber market. The study opines that the citrus fiber market will continue to grow at a healthy 4.3% value CAGR throughout the forecast period 2018-2028.

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