Citrus Fiber Market: is expected to reach US$ 443.30 Mn. with a CAGR of 5.2% for the period 2022-2029, thanks to increasing its demand in the food & beverage industry.
Citrus Fiber Market Overview:
The purpose of this report is to provide a thorough examination of the Citrus Fiber Market by segments and geographics. The study goes into great detail on the primary factors influencing the Citrus Fiber market's growth. The study also offers a comprehensive analysis of the market's value chain.
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Market Scope:
The "Global Citrus Fiber Market Analysis" is a detailed investigation of the Citrus Fiber market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Citrus Fiber market as well as detailed market segmentation by application, end-use, and geography. The Citrus Fiber market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Citrus Fiber players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Citrus Fiber market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Citrus Fiber market was calculated using the revenue of significant enterprises.
Segmentation:
by Grade
• Food Grade
• Pharmaceutical Grade
• Cosmetic Grade
The citrus fibre market is further divided into food grade, pharmaceutical grade, and cosmetic grade based on the grade segment. With 60% of the market, food grade citrus fibre leads the pack and is predicted to maintain its position during the course of the forecast. thanks to escalating demand from the makers of food and drink. Demand is also being boosted by the widening range of applications in formulations for pet food and animal feed. The use of pharmaceutical-grade citrus fibre as an excipient in a range of drug compositions is also of interest.
by Source
• Orange
• Tangerine/Mandarins
• Grapefruit
• Lemons and Lime
by Application
• Bakery
• Desserts and Ice-cream
• Sauces & Seasonings
• Meat & Egg Replacement
• Beverages
• Flavorings & Coatings
• Snacks & Meals
• Personal Care
• Pharmaceutical
• Other Application
The citrus fibre market is further divided into the following application segments: bakery, desserts and ice cream, sauces & seasonings, meat & egg replacement, beverages, coatings & flavourings, snacks & meals, personal care, pharmaceutical, and other application. The bread industry accounts for roughly 19% of the citrus fibre market from this segment. This citrus fibre has a large amount of water storage capacity, which is advantageous while baking. Citrus fibre binds water securely and absorbs water produced by other components because of its composition and surface area. The baked items retain their moisture for a longer period of time as a result.
by Function
• Water Binder & Fat Replacer
• Thickening Gums
• Gelling Gums
• Others
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Key Players:
The major players covered in the Citrus Fiber market report are
• Fiberstar, Inc.
• CEAMSA
• CP Kelco, Inc.
• Herbafoods Ingredients GmbH
• Florida Food Products, Inc.
• Lemont
• Golden Health
• FUYAN PHARM (Henan), Inc.
• Nans Products
• Cifal Herbal Private Ltd.
• Others
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Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Citrus Fiber Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Citrus Fiber market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Citrus Fiber industry,
Key Questions Answered in the Citrus Fiber Market Report are:
- Which segment grabbed the largest share in the Citrus Fiber market?
- What was the competitive scenario of the Citrus Fiber market in 2021?
- Which are the key factors responsible for the Citrus Fiber market growth?
- Which region held the maximum share in the Citrus Fiber market in 2021?