Global Citrus Fibre Market: Food Grade to Witness Substantial Uptake
ALBANY, New York, September 14, 2017 /PRNewswire/ --
The rising awareness among consumers about the vast functional benefits of dietary Fibre due to their beneficial psychological effects is a key factor driving the consumption of citrus Fibre world over. The consumption of citrus Fibres among other various other dietary Fibres is gaining prominence as these contain several bioactive compounds. A recently published report by Transparency Market Research has revealed that the global citrus Fibre market is projected to expand at a CAGR of 4.6% during the forecast period of 2017 and 2022.
Factors Catalyzing Growth of Worldwide Citrus Fibre Market
As consumers become more aware of the health benefits of citrus Fibres in combating diseases, these find wide applications in the processed food segment. The addition of citrus Fibres, notably those that are insoluble, to a variety of food items improves their technical and functional properties markedly, while imparting a neutral and natural taste and flavor. The growing willingness of consumers to pay a higher price for citrus Fibre added-food products is attributed to various nutritional benefits these possess, such as reducing fat content. In addition, since citrus Fibres are derived from non-allergen sources, they are likely to witness significant demand among a wider population.
The inclusion of citrus Fibres in food grades is boosted by the stability of these Fibres across a range of pH and temperatures. In addition, their addition improves the texture of final food products and with less formulation cost. Such factors bode well for the citrus Fibre market.
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Applications in Food Sector to Grow at Leading Rate
The vast functional properties that citrus Fibre can impart to a variety of food products, including meat and bakery products, is a primary factor accounting for the major share hold by the food grade citrus Fibre, among other grades. Among all grades, the food grade citrus Fibre segment is projected to rise at a CAGR of 4.6% from 2017 to 2022, and is anticipated to witness the leading growth of US$ 9.9 Mn year-over-year over the forecast period. The food grade is predicted to hold a significant share of 64.5% by 2017 end. The segment is predicted to reach a valuation of US$ 246.3 Mn in 2022, accounting for a market share of 64.4% in the same year.
Recent advances in processing technology have led to the production of citrus Fibres that are easy to store and transport, keeping their functional properties intact. This is a key factor likely to boost the application of citrus Fibres in several end-use industries. The widespread demand for citrus Fibres in these applications areas is attributed to their amazing functional properties, notably water binding or retaining capacity and versatility.
Geographically, the Asia Pacific Excluding Japan (APEJ) market is anticipated to expand at CAGR of 5.1% from 2017 to 2022 and will be worth US$ 99 Mn by the end of 2022. A prominent regional market for citrus Fibre is Europe, which is predicted to account for a global share of 23.4% by 2017 end, in terms of revenue. The regional market is anticipated to lose some of its global share, estimated at 56 BPS, by the end of 2022 from 2017.
Get more information from Research Report Press Release: http://www.transparencymarketresearch.com/pressrelease/citrus-fibre-market.htm
Market Players
Some of the prominent players operating in the global citrus Fibre market include Ceamsa, Fibrestar, Inc., Quadra Chemicals Ltd., Cargill, Inc., and Florida Food Products.
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SOURCE Transparency Market Research
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