Citrus Based Dietary Fibers Market to Perceive Exponential Growth at CAGR 6% by 2024

Citrus Based Dietary Fibers Market is estimated to surpass USD 1.5 billion by 2024. 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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Expanding food & beverage segments including bakery items, dairy products, fruit beverages accompanied by necessity to increase the nutrition content of the products will fuel the citrus based dietary fibers market revenue. Presence of flavonoids, carotene, and polyphenols in citrus based dietary products is expected to flourish the market development. Improved economics owing to cost effectiveness of the product is amid the key factors positively influencing the industry expansion.

Citrus based dietary fibers market from bakery application is anticipated to grow at over 5% during the forecasted timeframe. 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.

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.

Europe citrus based dietary fibers market is estimated to witness CAGR at over 6% up to 2024.  Rising demand for packaged & ready-to-eat foods along with increasing health consciousness will boost the industry growth through food applications. Europe is among the leading bakery market globally. The German bakery accounts for the largest share in the European industry and was valued over USD 15 billion in 2016.

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North America market revenue is expected to surpass USD 500 million till 2024. Favourable government norms related to food standards coupled with significant benefits as food additive will support the business growth. Increasing product usage in canned meat, fish & savoury accompanied by necessity to improve nutritious value in bakery applications will augment the industry demand.  The American Heart Association recommends, daily dietary fiber intake to be 25g – 30g. Rising demand from nut-based milk application will open new opportunities for product scope.

Global citrus based dietary fibers market share is moderately fragmented owing to the presence of large number of global manufacturers and regional players. The key industry players include Herbstreith & Fox, Fiberstar, Ceamsa, Cargill, Danisco, DuPont, Yantai Andre Pectin, and CP Kelco. Product innovation to improve the application scope is among the key strategies adopted by manufacturers. For instance, Fiberstar launched Citri-Fi 125 in 2017 for tomato-based foods including sauces, condiments, and spreads to replace gums.

Related Report:

Global Dietary Fibers Market By Product, By Source, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025 @ https://www.marketwatch.com/press-release/dietary-fibers-market-value-to-hit-105-billion-by-2025-global-market-insights-inc-2019-02-18

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