Citrus Based Dietary Fibers Market Size

Citrus Based Dietary Fibers Market Size

Global Citrus Based Dietary Fibers Market size was valued at over USD 1.2 billion in 2017 and is anticipated to grow at over 6% in the forecast timespan.

Necessity to enhance nutrition value of food owing to increasing consumer health consciousness will propel the market growth. Shifting trend towards healthy lifestyles along with rising consumer spending on nutritious food will boost the application scope. High bioactive compounds content including flavonoids, carotene, and polyphenols provides a positive outlook for product demand.

Rising demand from food preserves, bakery and dairy applications owing to beneficial functions including improved gelling, thickening, stabilizing, and water binding will drive the global market size. Germany bakery industry was valued over USD 15 billion in 2016. High usage as fat replacers will support product scope among bakery applications. Strong outlook in meat applications for texture enhancement, yield improvement and moisture enhancement will propel product penetration.

Significant health benefits including stress relief, anxiety reduction and improved skin tone has enhanced the industry demand from pharmaceutical and cosmetic applications. Improved heart health, prevention against constipation along with lowered probability of kidney stone occurrence will drive the product demand.

Favourable government regulations towards improving nutrition content in food & beverages will support industry expansion. Technological advancements and innovations in offering combination of soluble and insoluble products are among key factors supporting business growth. Fluctuating citrus peel costs along with uneven geographical distribution of raw material resources are major factors influencing the citrus based dietary fibers price trend. However, high R&D costs for developing new products along with availability of large number of substitutes may hamper the industry growth.