February 24, 2022 10:34 ET | Source: Facts & Factors Facts & Factors
Tokyo, Japan, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Citrus Fiber Market - By Type (Tangerine Fiber, Grapefruit Fiber, Orange Fiber, And Others), By Application (Dairy, Ice-Cream, Meat Product, Fruit Juice, And Others), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecast 2021–2028” in its research database.
“According to the latest research study, the demand of global Citrus Fiber Market size & share was valued at around USD 315 Million in 2020 and is estimated to reach a worth of roughly USD 445 Million by 2028, at a compound annual growth rate (CAGR) of about 4.2% during the forecast period 2021 to 2028.”
This is a professional and very detailed report about the main and secondary drivers of the citrus fiber market, as well as production, market share, leading segments, and geographic analysis (such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.)
What is Citrus Fiber? How big is the Citrus Fiber Market?
Citrus fiber is a natural dietary fiber. It can be defined as a group of substances such as hemicellulose, cellulose, and pectin. It is naturally found in different citrus fruits, such as l oranges, lemons and lime, grapefruits, and tangerine citrus fiber offers much functionality that uses many food applications. Citrus fiber has neutral in taste and flavor and also has digestible carbohydrates and low fat through the low-calorie content. Fiber is important to digestion, cholesterol maintenance, regularity, blood sugar regulation, and more. It has been connected to durability and decreasing the risk of cancer. Men should consume daily 30-38 grams of fiber and women should consume 21-25 grams of fiber.
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Manufacturers in the global citrus fiber market are focused on improving their digital presence in order to reach out to customers. Having a digital presence is crucial for reaching out to a global market and customer service at a lower cost when compared to other traditional marketing tactics. As a result, manufacturers are increasing their online presence on digital platforms.
Some of the key players in the global citrus fiber market are as follows;
Key questions answered in this report:
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Global Citrus Fiber Market: Growth Factors
The global increase in awareness among consumers for specific products is projected to fuel the expansion of the citrus fiber market. It has been popular for many years, and individuals with a healthy lifestyle, such as athletes, are the key users. Citrus fiber prices are high in contrast to other fiber products due to high production costs and high initial investments. This can have an impact on consumer adoption in the early stages, but new firms entering the market might improve competition and, as a result, buyer power in the long run.
The processed food products industry has grown significantly in recent years, owing to a number of underlying market dynamics. Consumer preferences have also shifted significantly in recent years. Consumer demand for bakery & confectionery items, meat products, and meat replacements is increasing, which is rising the demand for citrus fiber in the packaged food business dramatically. The expanding popularity of consuming convenient snacks originated in industrialized nations and is fast extending to the Asia Pacific emerging economies. Snacking on the fly has driven the market for frozen and ready-to-eat foods dramatically. During the projected period, rising demand is anticipated to get a favorable impact on the global citrus fiber market.
Citrus fiber has strong market demand. Its demand has been boosted by increased consumer awareness of nutritional labeling and a preference for less processed foods. Increased changes in lifestyle and acceptance of new diets such as organic, keto, and vegan, have positively impacted the citrus fiber market and are likely to benefit significantly during the projection period as well. Also, high-level investments and unique product lines for plant-based functional products are predicted to boost demand for citrus fiber.
Global Citrus Fiber Market: Report Scope
The global citrus fiber market can be segmented into type, application, and region.
On the basis of type, the citrus fiber market is segmented as tangerine fiber, grapefruit fiber, orange fiber, and others. Among these, the grapefruit fiber segment is anticipated to account for a major share in the global market. Grapefruit is bitter and tasty with essential pleasantness, grapefruit has a lusciousness that rivals that of the ever-popular orange and sparkles with numerous health-promoting benefits as same. Grapefruit is a special basis of vitamin c, vitamin c benefits to providing a system. Vitamin C-rich foods like grapefruit may benefit to decrease cold symptoms. These are the factors responsible for the growth of the orange fiber market over the forecast period.
On the basis of application, the citrus fiber market is segmented as dairy, ice cream, meat products, fruit juice, and others. Fruit juice such as orange, apple juice, grapefruit, lemon juice, pomegranate juice is growing consideration from researchers owing to their significant helpful effect.
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North America is one of the major regions in the global citrus fiber market, and it will remain a very appealing market throughout the projected period. The United States will account for more than 89.1 percent of the North American market by 2031. Personal care and cosmetics items are popular among American consumers. They are also expressing concern about the detrimental consequences of chemicals and synthetic compounds used in personal care and cosmetics items. This will increase the use of citrus fiber in the personal care and cosmetics sectors in the United States, thereby driving the regional market growth.
In Germany, the increased need for fat alternatives will be a major growth driver. Citrus fibers are used to replace approximately 45 percent of the fat or oil in baked products while maintaining product quality and taste. Growing demand for healthy bakery goods with fat replacements in Germany is boosting the country's citrus fiber market forward.
Browse the full report for more information “Citrus Fiber Market - By Type (Tangerine Fiber, Grapefruit Fiber, Orange Fiber, And Others), By Application (Dairy, Ice-Cream, Meat Product, Fruit Juice, And Others), And By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecast 2021–2028" at https://www.fnfresearch.com/citrus-fiber-market
Key Insights from Primary Research:
This report segments the citrus fiber market as follows:
Global Citrus Fiber Market: By Type Segmentation Analysis
Global Citrus Fiber Market: By Application Segmentation Analysis
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Synthetic Fiber Market: https://www.fnfresearch.com/synthetic-fiber-market-report
Optical Fiber Preform Market: https://www.fnfresearch.com/optical-fiber-preform-market
Recycled Carbon Fiber Market: https://www.fnfresearch.com/global-recycled-carbon-fiber-market-by-type-milled-627
Fiber Optic Connectors Market: https://www.fnfresearch.com/fiber-optic-connectors-market-product-sc-standard-connectors-552
Nanofiber Production Market: https://www.fnfresearch.com/nanofiber-production-market-by-type-melt-blown-machine
Glass Fiber Market: https://www.fnfresearch.com/glass-fiber-market-by-type-single-end-roving-546
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