According to a research report titled ‘Citrus Based Dietary Fibers Market Size By Product (Pectin, Hemicellulose, Cellulose), By Application (, By Function (Water Binders/ Fat Replacers, Thickeners, Gelling Agents), By Grade (Food, Pharmaceutical), By Source (Lemons, Limes, Oranges), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Spain, Netherlands, China, India, Japan, Australia, South Korea, Indonesia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024’, available with MarketStudyReport, global citrus based dietary fibers market is anticipated to accrue sizeable returns by 2024.
 

Rising application in food & beverages as well as pharmaceuticals sector, in consort with numerous functional and nutritional benefits of the product are propelling the growth of global citrus based dietary fibers market.
 

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Moreover, presence of flavonoids, carotene, and polyphenols in citrus fruits along with high nutrition content, in consort with improved economics as a result of the product's cost effectiveness are favoring the industry outlook as well.
 

By product, the marketplace is segmented into pectin, cellulose, and hemicellulose. Of these, pectin segment generated revenues worth USD 850 million in 2017, owing to gelling and thickening properties of the product making it useful for jams and marmalades, in consort with usage as drug carrier for controlled release. The product also helps in reducing cholesterol levels and preventing constipation.
 

Based on function, gelling agents segment of citrus based dietary fibers market is poised to record a consumption of 30 kilotons by the year 2024. This estimation is backed by product usage in confectionary and fruit preserves.
 

On the basis of application, bakery segment is slated to grow at 5% CAGR through 2024, as the citrus based dietary fibers enhance the quality as well as the shelf-life of the bakery products. This fiber ingredient has high water binding capacity and is used as fat replacer in pastries, cakes, and cookies.
 

As per grade, food grade segment is reckoned to capture massive industry share over the forecast period, attributable to water retention property, ability to improve quality & texture of meat, and usage in fish, meat & savory application.
 

By source, citrus based dietary fibers industry share from lemons was 50% in 2017, as it is major source of pectin. Lemons are widely available at cost-effective rate, and have various help benefits.
 

As per the geographical aspect, Europe market is expected to grow at a CAGR of 6% through 2024, on account of surging demand for ready-to-eat and packaged food items, along with improved health cognizance among the regional populace.  
 

The major players in industry are Herbstreith & Fox Inc., Ceamsa, Fiberstar Inc., Cargill Inc., Yantai Andre Pectin Co. Ltd., CP Kelco U.S. Inc., DuPont Dansico, Triphase Pharmaceuticals Pvt Ltd., Nans Products, Reinert Gruppe GmbH & Co. KG, and Quadra Chemicals Ltd.