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Citrus Based Dietary Fibers Market Size

Report ID: GMI2819
Published Date: Oct 2024
Report Format: PDF

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Citrus Based Dietary Fibers Market Size

The global citrus based dietary fibers market size was valued at USD 1.6 billion in 2023 and is estimated to grow at a CAGR of over 6.2% from 2024 to 2032. The increasing consumer focus on health and nutrition is driving market growth for food products with enhanced nutritional value. As consumers shift towards healthier lifestyles and increase their spending on nutritious foods, the demand for products rich in bioactive compounds such as flavonoids, carotene, and polyphenols is expected to rise.

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The global market is experiencing growth due to the rising demand from food preserves, bakery, and dairy applications. This demand is driven by the product's beneficial functions, including improved gelling, thickening, stabilizing, and water binding properties. In 2022, the German bakery industry was valued at over USD 18 billion. The product's use as a fat replacer is expected to support its application in bakery products. Additionally, the product's ability to enhance texture, improve yield, and increase moisture retention is likely to drive its adoption in meat applications.

Citrus Based Dietary Fibers Market Report Attributes
Report Attribute	Details
Base Year:	2023
Citrus Based Dietary Fibers Market Size in 2023:	USD 1.6 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.2%
2032 Value Projection:	USD 2.7 Billion
Historical Data for:	2021 - 2023
No. of Pages:	200
Tables, Charts & Figures:	172
Segments covered:	Product, Application, Function, Grade, Source, and Region
Growth Drivers:	Increasing health awareness and demand for functional foods. Rising prevalence of dietary-related diseases. Growth of the plant-based food trend.
Pitfalls & Challenges:	Fluctuating raw material availability and pricing. Limited consumer awareness about citrus-based dietary fibers.

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Government regulations promoting improved nutritional content in food and beverages are expected to support the expansion of the citrus-based dietary fiber market. Technological advancements and innovations in combining soluble and insoluble products are key factors contributing to market growth. The price trend of citrus-based dietary fibers is significantly influenced by fluctuating citrus peel costs and the uneven geographical distribution of raw material resources. However, high research and development costs for new product development and the availability of numerous substitutes may impede industry growth.

Additionally, the growth of the plant-based food trend has opened new opportunities for citrus-based dietary fibers. As more consumers seek plant-derived ingredients, these fibers fit well within the broader shift towards healthier, sustainable eating habits. This alignment with market trends positions citrus-based dietary fibers as a valuable ingredient in various food products, enhancing their commercial viability.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size of citrus-based dietary fibers reached USD 1.6 billion in 2023 and is set to grow at a CAGR of over 6.2% from 2024 to 2032, driven by increasing consumer focus on health and nutrition.

The pectin product segment is expected to grow at a CAGR of 6.4% until 2032, led by its enhanced thickening, stabilizing, and gelling properties.

The fruit preserves application segment held a 31% market share in 2023, amounting to USD 519.1 million, and is projected to grow at a 6.4% CAGR through 2032, due to the increasing use of citrus fibers to boost dietary fiber content.

The U.S. market is projected to achieve USD 786.9 million by 2032, with a CAGR of 5.9% during 2024 to 2032, supported by favorable government regulations and the benefits of carrageenan as a food additive.

Major players in the industry include Cargill, Ceamsa, CP Kelco, DuPont Danisco, Fiberstar, Herbstreith & Fox, Nans Products, Quadra Chemicals, Reinert Gruppe Ingredients, Triphase Pharmaceuticals, and Yantai Andre Pectin.