Citrus Based Dietary Fibers Market will surge at 6%+ CAGR from 2018 to 2024

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Europe citrus based dietary fibers market is projected to register lucrative 6% CAGR up to 2024 owing to rising demand for packaged & ready-to-eat foods along with increasing health consciousness.

North America citrus based dietary fibers market accounted over USD 300 million in 2017. Potential processed food products market including acidified milk drinks, fruit beverages, yogurts and confectionery provides lucrative opportunities for the product demand. Surging prevalence of obesity and cardiovascular diseases coupled with soaring diabetes among youth & adults will augment the regional demand.

Global Citrus Based Dietary Fibers Market will hit USD 1.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Strong outlook with versatile applications including bakery, dairy, meat, beverages, food preparations, fruit preserves and other applications are among key factors driving the citrus based dietary fibers market growth. Effective hydrocolloidal properties including high water holding capabilities has enhanced the product scope in food applications.

Shifting focus towards health and fitness coupled with rising nutritious food demand will propel the citrus based dietary fibers market growth. Rising number of disease incidences influencing natural sourced food demand will support industry expansion. Rapid expansion in the functional food industry owing to the vitamins & minerals deficiency in daily diet will propel the industry growth. High nutritional source including flavonoids, carotene, and polyphenols provides a positive outlook for the product demand.

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Pectin market accounted for over USD 850 million in 2017. Rising demand in food applications owing to functional properties including gelling and thickening will create significant opportunities for manufacturers. Increasing usage as a gelling agent in jams and marmalades is further expected to boost the citrus based dietary fibers industry expansion. Potential outlook as a drug carrier for controlled release and to reduce cholesterol levels in the blood will augment the product demand.

Citrus based dietary fibers market from bakery application is anticipated to grow at over 5% during the forecast time-frame. Increasing product adoption in refrigerated bakery products owing to enhanced shelf life and improved quality will supplement the business growth. Expanding usage as fat replacers in cookies, cakes & pastries during manufacturing process will fuel the industry development. High water binding capacity is one of the key properties augmenting the product demand from this segment.

Citrus based dietary fibers market as gelling agents is anticipated to register over 30 kilo tons by 2024. Increasing product usage particularly in confectionery and fruit preserves such as jams and marmalades owing to its gelling property is escalating the business expansion. Rising consumer awareness regarding nutritional content of the product in developing countries including Brazil, Mexico and China will strongly support the industry demand.

Food grade applications accounted for a dominating share in the global citrus based dietary fibers market. Water retention, improved meat quality & texture are among the key factors for increasing usage in meat, fish & savoury application. Favorable government policies towards improving the nutrition content of food including dairy, meat, fruit beverages, confectionery, and fruit preserves will create substantial growth.

Lemons as a source accounted for over 50% of the industry share in 2017, and it is a major source of pectin. Easy raw material availability, cost effectiveness, along with large health benefits such as lowered cholesterol levels and improved gut health are the key factors driving the citrus based dietary fibers market expansion through the source.

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Asia Pacific citrus based dietary fibers market will witness CAGR over 5.5% from 2018 to 2024. Surging consumer spending in the premium health products coupled with the rising demand for numerous nutraceutical variants will proliferate the regional industry growth. Lemons are the dominating sources for the citrus based dietary fibers production. Abundant lemon production mainly in India & China supports the industry demand.

Fiberstar, Ceamsa, CP Kelco, Cargill, Yantai Andre Pectin and Herbstreith & Fox are among major citrus based dietary fibers manufacturers. Global industry share is moderately fragmented with presence of multinational corporations and regional players. The manufacturers are involved in production capacity expansions, new product launches and mergers & acquisitions to gain competitive share. For instance, in December 2015, CP Kelco completed its pectin plant expansion in Brazil and planned for capacity expansions in Europe.

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Name: Arun Hegde
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Organization: Global Market Insights, Inc.

Release ID: 462661

Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.