Citrus Fiber Market to Expand

Ernie NeffMarket

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The global citrus fiber market is expected to surpass $500 million by 2031, growing at a 6% annual rate, according to a recent report by market research firm Fact.MR.

The firm reported that the citrus fiber market was about $300 million in 2020. It stated that as the COVID-19 pandemic unfolded, consumer eating habits switched to natural alternatives; that significantly heightened prospects for citrus fibers.

Citrus fibers are used in personal care products, as water binders and fat replacers, and as additives in processed foods. Fact.MR reported that the United States will account for almost 90% of North American citrus fiber sales, and that Brazil will lead the Latin market for citrus fibers. China and India will yield “lucrative growth opportunities for citrus fibers” in the foreseeable future, it added.

Industry growth for pectin foods has increased significantly in recent years. Shelf-life in breads has been increasingly paying attention to citrus peels, according to the report. Pectin is produced by juice extraction from citrus. The manufacturers use the pectin as a gelling agent in jellies and jams.

Rising demand for natural ingredients and clean labels is spurring citrus fiber applications across the food, beverage and cosmetics industries, Fact.MR reported. It added that niche feed and pet food applications are also expected to boost citrus fiber growth in the coming decade.

Citrus fiber has mainly been used as a food additive in food and beverages, animal feed, pharmaceuticals and cosmetic applications. Emerging economies in India, China, Indonesia, Germany and Brazil are experiencing lucrative growth in the food, pharmaceutical and cosmetics industries, the report stated. It added that major players in the market are focusing on capacity and geographical expansion strategies in addition to collaborations with local players to bolster production and distribution operations in untapped markets.

Source: Fact.MR

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