Citrus Fiber Market to Expand 1.6X by 2030; Rising Demand for Immunity-boosting Food Products amidst COVID-19 Pandemic Aiding Market Growth

The global market for citrus fiber has recently been witnessing the development of natural citrus fibers that can enhance the functionality of tomato-based food products through the replacement of gums and starches in condiments, sauces, and spreads. This opportunity has been timely realized when consumers across the globe are opting food products with improved label declarations achieved by the replacement of gums and starches in meats, baked goods, beverages, and sauces. High adoption of digital marketing and surge in the number of online e-Commerce platforms are also opening up new avenues for the growth of the citrus fiber market. Key players are focusing on capacity and geographical expansion to meet ever-increasing demand for citrus fiber in the food and beverage industry. According to a new Fact.MR study, the citrus fiber market is poised to expand at a value CAGR of 5%, and account for revenue worth US$ 790 Mn by 2030-end.


read more..