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Carrot Fiber Market Trends

  • Report ID: GMI11222
  • Published Date: Sep 2024
  • Report Format: PDF

Carrot Fiber Market Trends

Historically confined to the food and beverage realm, carrot fiber's applications are now branching out. In the cosmetics sector, its antioxidant properties are being harnessed, while the pharmaceutical industry values its fiber content for dietary supplements. This diversification signals a burgeoning trend, amplifying the carrot fiber market's scope and growth trajectory.
 

Modern advancements in extraction and processing are democratizing access to carrot fiber, making it both affordable and widely available. Innovative techniques, emphasizing yield enhancement and quality improvement, are enabling manufacturers to tailor carrot fiber properties for specific uses. This trend, propelled by the dual demands of cost-effectiveness and premium quality, shows no signs of waning.
 

The global pivot towards plant-centric diets is casting a spotlight on the carrot fiber market. With a rising number of consumers adopting vegetarian and vegan lifestyles, there's an escalating appetite for plant-derived ingredients that match or surpass the nutritional benefits of their animal-based counterparts. Carrot fiber, being inherently plant-based, is emerging as a favored choice for manufacturers targeting this expanding demographic.
 

Technological strides in carrot fiber extraction and processing have been notable over the last decade. Earlier techniques often produced inconsistent quality, limiting the product's versatility. However, modern advancements have not only enhanced consistency but also elevated carrot fiber's appeal to food manufacturers.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of carrot fiber reached USD 250.2 million in 2023 and is set to exhibit a 6.4% CAGR during 2024-2032, led by changing consumer preferences, technological innovations, and evolving industry standards.

The conventional carrot fiber segment attained USD 172.4 million in 2023, driven by its affordability and widespread use in processed foods for enhancing texture, moisture retention, and fiber content without altering taste.

North America market was worth USD 87.7 million in 2023 and will experience a 7% CAGR through 2032, propelled by rising health-consciousness and demand for functional, clean-label foods.

VanRijsingenGreen, Vinayak Corporation, KAGOME Australia Pty Ltd, Xi'an Sost Biotech Co.,Ltd, Arat Company, Richfield Food, Pektos AG, BATA FOOD, Vinayak Corporation, and Bolthouse Farms.

Carrot Fiber Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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