Research Nester published a report titled “Citrus Fiber Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global citrus fiber market in terms of market segmentation by function, grade, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global citrus fiber market is estimated to occupy a large revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2030, owing to the rising demand for using natural ingredients in a wide range of applications, high need for stable oil-in-water emulsions, and growing demand for gluten free food in developed nations. Apart from these, increasing consciousness regarding health among people is also expected to drive market growth.
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The global citrus fiber market is segmented by function, grade and application. Based on application, the food & beverage segment is anticipated to grab the largest market share during the forecast period on the back of the rising inclination of people towards plant based foods and escalating number of consumers following a vegan diet. Additionally, the personal care segment is projected to witness the highest growth in the future ascribing to the growing awareness about the type of ingredients used in cosmetic products.
Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the change in eating patterns and growing occurrence of chronic diseases in the region. Moreover, the market in Latin America is assessed to grow by a noteworthy rate in the coming years owing to the increasing consumption of citrus fiber based products in the region.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
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Increasing Demand for Natural Ingredients in Several Applications in the Food Industry to Drive Market Growth
Over the last two decades, the incidences of severe chronic disease have witnessed a notable hike. In addition, people all around the world are becoming more conscious about their health and fitness, which is giving rise to the usage of natural ingredient-based food products or supplements. This is considered to be a major factor driving market growth in the future.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
However, lack of awareness regarding benefits of citrus fiber in underdeveloped nations is expected to operate as key restraint to the growth of the global citrus fiber market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global citrus fiber market which includes company profiling of CP Kelco, Inc., Fiberstar, Inc., FUYAN PHARM (Henan), Inc., Nans Products, Cifal Herbal Private Ltd., Herbafoods Ingredients GmbH, Florida Food Products, Inc., UNIPEKTIN Ingredients AG, Cargill, Incorporated, DuPont de Nemours Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global citrus fiber market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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