Apple fibre is natural co-product which is sourced from apple pomace. It is made by extracting juice from the apple by the process of pressing and the remaining solid i.e. the pomace is dried and grounded into powder of uniform particle size.
Apple Fibre Market Size and Growth Rate:
The Apple fibre market was valued at $2,869.66 million in 2018 and is anticipated to reach $3,907.54 million by 2023, registering a CAGR of about 6.37%.
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Apple Fibre Market Growth Drivers and Restraints:
Apple fibre can also be used as a fat replacer and finds its application in processed meat products and sausages. It is a good bulking agent and fruit extender and is used to replace or supplement more expensive fruit ingredients. Owing to the recent interest of consumer towards clean label products, many manufacturers are moving to cleaner apple fibre extractions to cater to the increasing demand. Additionally, attributed to increasing demand of gluten-free and natural food products, as a result of rising health awareness all across the globe has resulted in an increase in demand of gluten free ingredients that are minimally processed, which is anticipated to drive the growth of global apple fibre market over the forecast period.
Geographical Overview of Apple Fibre Market:
Asia Pacific is also anticipated to exhibit considerable growth rate due to increasing life standards of middle class which is enabling consumers to opt for healthier and more natural food products.
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Key Players of Apple Fibre Market:
Some of the leading market players of Apple Fibre Market are Herbafood, Marshall Ingredients, Kiril Mischeff, RETTENMAIER INDIA PVT. LTD., Batory Foods and CFF GmbH & Co. KG
Apple Fibre Market Segmentation:
Apple Fibre Market Analysis – By Type:
- Soluble Dietary Fibers
- Insoluble Dietary Fibers
Apple Fibre Market Analysis – By Application:
- Bakery Products
- Beverages Applications
- Convenience Food Products
- Desserts and Ice-Creams
- Meat and Egg Replacement
- Personal Care
- Pharmaceuticals
Apple Fibre Market Analysis – By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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