Sarasota, FL -- (SBWIRE) -- 05/22/2018 -- The global citrus fiber market is expected to witness significant growth over the forecast period on account of increasing demand from food & pharmaceutical industry. Citrus fibers are generally neutral in taste and odor and on mixing this in food products helps to enhance the quality and taste. Generally insoluble dietary fibers are acquired by utilizing citrus peel owing to the occurrence of bioactive components, and other different nutrients. It has abundant nutritional benefits as well as functional properties. They are also known to have significant health advantages for instance fat metabolism, improved digestion, and prevent breast and gastric cancers. Citrus fibers have a range of advantages and they act as a prospective anti-allergen; therefore, the market is gaining demand and popularity globally. The rising demand for natural dietary fibers for avoiding different diseases is the major aspect fueling the demand and popularity of citrus fiber market. With the growing population, the demand for dietary fiber and improving the standard of living is anticipated to aid the market growth within the forecast period

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The food industry segment dominated the citrus fiber market. Citrus fibers are used in various applications since they are neutral in taste, odour, and colour. In addition, the growing popularity of various food producers in adding citrus fiber to various food products, especially meat, enables them in improving the yield and enhances the quality of end products. Moreover, citrus fiber-added food products are gaining traction among market players in producing cost-effective nutritional products.

The pharmaceutical segment is one the leading application segment accounting for most of the global market share and is expected to witness growth within the forecast period. Advanced modern processing systems in pharmaceutical are expected to stimulate citrus fiber demand within the forecast period

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In terms of geography, Asia Pacific was the largest market for citrus fiber in the world in 2016 due to the rising awareness and knowledge among the population with regards to the advantages of citrus fiber. North America accounted for the second largest share followed by Europe. Moreover, the citrus fiber market is expected to witness lucrative growth over the forecast period as a result of increasing awareness & range of health advantages and nutritional aspects in North America & Europe region.

The key players in the report include Ceamsa, Fiberstar, Inc., Quadra Chemicals Ltd., Cargill, Inc., and Florida Food Products.

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