PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1551418
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1551418
Global Citrus Fiber Market is valued at approximately USD 451.66 million in 2023 and is anticipated to grow at a steady CAGR of 5.7% over the forecast period 2023-2032. Citrus fiber, derived from the waste byproducts of citrus fruits like orange, lemon, and others, serves as a vital ingredient in the food industry due to its functional properties. High in both soluble and insoluble fiber, citrus fiber offers a plethora of health benefits, such as enhanced digestive health, cholesterol reduction, and blood sugar management. This makes it a preferred ingredient for a variety of food products, including sauces, dressings, baked goods, and meat products, to improve texture, moisture retention, and shelf life. Its ability to absorb and retain water also makes it particularly beneficial in the formulation of low-fat and low-calorie foods.
The global demand for citrus fiber is driven by its significant health benefits and its role in the prevention of serious diseases like cardiovascular diseases, obesity, and type 2 diabetes. With the growing number of diabetes cases globally, there is an increasing preference for citrus fiber-based foods among health-conscious consumers. Furthermore, the rising trend towards natural dietary fibers to prevent various diseases is expected to boost market growth. Citrus fiber's functional benefits in processed food manufacturing, such as enhancing texture and reducing costs, are also contributing to its increasing demand.
The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America holds the largest market share in the citrus fiber market, driven by the high demand for fortified foods and beverages and a growing urban population. The market in regions like Asia-Pacific and the Middle East is also expected to experience substantial growth due to rising consumer awareness and increased investments in health and nutritional supplements. The growing health consciousness among consumers is also supporting the citrus fiber market's profitability.