The global citrus fiber market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each citrus fiber market player in a comprehensive way. Further, the citrus fiber market report emphasizes the adoption pattern of the citrus fiber across various industries.
The citrus fiber market report highlights the following players:
- Quadra Chemicals
- Herbstreith & Fox
- Lucid Colloids Ltd.
- Silvateam S.p.A.
The citrus fiber market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
A new FactMR study on citrus fiber market finds that the market grew at a healthy 4.3% y-o-y over 2017 to surpass US$ 92 million by the end of 2018. The study underscores how the health & wellness trend and the clean label movement are bolstering the influence of health-conscious consumers on growing adoption of citrus fiber in packaged food products.
“Citrus fiber is gaining popularity as a natural specialty food ingredient, which is commonly used as an emulsifier and water-binding agent in various food products such as bakery, meat & dairy products, beverages, sauces & seasonings, and desserts. As modern consumers are becoming highly scrupulous about ingredients of packaged food products before making a purchase, a burgeoning number of food manufacturers are replacing fats and artificial ingredients with citrus fiber,” says a lead analyst at Fact.MR.
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Bakery Products – The Largest Application Segment in the Citrus Fiber Market
Citrus fiber products find multifold applications in the food & beverage industry, as they benefit various food & beverage products through nutritional improvements and textural enhancements. The Fact.MR study reveals that bakery is the largest application of citrus fiber in the food & beverage industry, as the adoption of citrus fiber in bakery products has increased significantly over the past few years.