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Citrus Based Dietary Fibers Market Worth $1.5 Billion by 2024
USAgNet - 08/16/2018

The Citrus Based Dietary Fibers Market report featuring key industry trends across the product, application, grade, function, and regional landscape by Global Market Insights, Inc. says, the global citrus based dietary fibers market revenue is poised to cross $1.5 billion by 2024.

The globally increasing focus on health and fitness and the subsequently rising demand for healthy, nutritious meals will act as major driving forces for citrus based dietary fibers market. The product's water retention and hydrocolloidal properties will increase its penetration in food applications.

The expanding pharmaceutical industry will be a major catalyst for the expansion of citrus based dietary fibers market. The product's anti-allergen characteristics, preventive features against breast cancers, and enhanced fat metabolism will increase its deployment in the pharmaceutical sector.

Citrus based dietary fibers market share from fruit preserves market is anticipated to cross 30 kilo tons by 2024. Rising preference among consumers for processed food driven by rapidly changing lifestyles and a strong demand or high sugar and low sugar jams as well as bakery jams will stimulate the industry growth. As per the report, food grade citrus-based dietary fibers market size was pegged at more than USD 950 million in 2017.

APAC citrus based dietary fibers market will register a CAGR of 5.5% over 2018-2024. The regional growth will be driven by the growing demand for nutraceutical variants and the rising consumer expenditure on premium health products.

The key players profiled in the report are Reinert Gruppe Ingredients, Cargill, Yantai Andre Pectin, Herbstreith & Fox, Triphase Pharmaceuticals, Quadra Chemicals, Fiberstar, CP Kelco, Nans Products, DuPont Dansico, and Ceamsa.

The report also enlists the pivotal challenges for the key shareholders, such as changing agricultural trends and the rising costs of raw material.


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