New investment spurred by citrus peel demands

Due to increasing global demand for citrus fibre, US ingredients company CP Kelco invested US$50 million to upgrade its facility in Brazil. The investment will increase production capacity to approximately 5,000 metric tons of citrus fibre to supply to food, beverage, and consumer product manufacturers. The new production line upgrade will be complete and operational in 2023, with options to incrementally expand capacity in the future based on customer needs.

According to a recent study by Transparency Market Research, the global citrus fibre market will rise to US$160 million by 2031. Europe generated the highest market value share of 31.7% in 2021, valued at $100 million. The growing consumer preference for natural plant-based food ingredients is benefiting the citrus fibre market.
The research firm added there is a growing population suffering from diseases and allergies caused by synthetic ingredients. This development has proved beneficial for naturally derived citrus fibre products to boost health and wellness.