· Rising demand for clean label products among a considerable share of the populace to bring tremendous growth opportunities for the citrus fiber market between 2021 and 2031
· Increasing popularity of citrus products due to their rich vitamin, dietary fiber, and mineral content to bring immense growth prospects for the global market for citrus fiber
ALBANY, N.Y., Aug. 4, 2021 /PRNewswire/ -- Naturally sourced components from citrus fruits are popular among many individuals. One of the most commonly derived components is citrus fiber. Hence, the rising demand will decide the growth structure of the citrus fiber market during the forecast period of 2021-2031.
Citrus fiber is a combination of insoluble and soluble fiber. It is extracted from peel or orange pulp. It acts as a dietary fiber and is rich in antioxidants. Starch digestion, reduced glucose adsorption, etc. are some major benefits imparted by citrus fibers. The advantages associated with citrus fibers will bring significant growth prospects.
Transparency Market Research (TMR) has conducted a comprehensive research on all the aspects related to the growth of the citrus fiber market. The TMR analysts predict the citrus fiber market would expand at a CAGR of 5.7% during the forecast period. The citrus fiber market is projected to be valued over US$ 300 Mn in 2021 and is expected to surpass US$ 500 Mn by 2031.
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Growing disposable income and rising awareness about the importance of maintaining a healthy lifestyle are projected to offer substantial growth prospects to the citrus fiber market. These fibers help in the prevention of digestive ailments, promote good heart health, and enhance the skin tone. Such benefits will serve as good growth generators for the citrus fiber market. The increasing consciousness about consuming plant-based diets is boosting the growth to a considerable extent. The growing popularity of citrus fibers due to its rich vitamins and mineral content will also bring profitable growth.
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Key Findings of Report
Increase in Demand for Clean Label Products to Accelerate Growth of Citrus Fiber Market
The food & beverage industry is abuzz with the term 'clean label'. This term has gained immense popularity over the years. Clean label is not a part of the regulatory framework, but has been widely acknowledged by the food industry and even the food regulatory authorities.
Clean label foods are important, as they increase the nutrients consumed per calorie, and this aspect helps in increasing the health levels to a broader extent. Addition of citrus fibers to clean label foods enables improvement in the taste and texture of the products. Therefore, the extensive demand for clean label foods is boosting the growth of the citrus fiber market.
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Role of Citrus Fiber as Feasible Alternative to Banned Food Ingredients to Drive Exponential Growth
Under the laws of food regulatory authorities of different countries, many food ingredients have been prohibited for use due to their harmful effects on the body. Citrus fibers can easily replace such food ingredients, which include carrageenan, hydrocolloids, phosphates, etc. The utilization of citrus fiber as a replacement to banned or prohibited food ingredients will invite profitable growth.
Surge in Demand for Organic Personal Care, Beauty Products to Offer Growth Opportunities
The awareness levels about the importance of using naturally derived personal care products and cosmetics are increasing rapidly. This aspect is driving the demand for organic beauty products. The harms of chemical-infused cosmetics are immense and hence, to prevent skin damage, many consumers are switching to natural products. As organic cosmetics use citrus ingredients on a large scale, the demand for citrus fibers is increasing.
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Citrus Bioflavonoids Market - Citrus bioflavonoids are naturally occurring compounds. These are the pigment part of any fruit and the reason behind many health benefits of citrus fruit. Due to different properties that a bioflavonoid exhibits, it is considered to be beneficial for heart, brain, reducing the chances of asthma or cancer. This is the main and the most highlighted reason that is anticipated to drive the market for citrus bioflavonoids.
Squash Drinks Market - Consumers are more focused on healthy and nutritional beverages derived especially from natural sources. Consumers are opting for natural beverages (plant or animal-based), as they are more beneficial as compared to other beverages, including carbonated drinks and others. Nutrients from fresh and natural beverages are easily absorbed by the body compared to beverages composed of artificial ingredients. There are multiple health benefits associated with natural beverages, which include no obesity, weight loss, healthy lifestyle, and other natural cures. With increase in awareness among consumers regarding the health benefits of natural beverages, the demand for natural and functional ingredients is expected to increase. The demand for health drinks across the globe is high, which is likely to create growth opportunities for companies in the global squash drinks market. Ever-mounting demand for healthy, flavored beverages with natural constituents is projected to result in significantly high sales of squash drinks over the years. Due to these factors, the squash drinks market is anticipated to exhibit growth at a considerable pace during the forecast period.
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