Citrus Pectin market size, share, sales, growth, revenue, type, application & forecast to 2027

Citrus pectin is a naturally occurring polysaccharide found in citrus fruits such as oranges, lime, and lemons among others. Citrus pectin can be used as a thickening agent when heated with sugar. These characteristics of citrus pectin are used for manufacturing jams and jellies among others. Moreover, citrus pectin has applications in industries such as food and beverages, pharmaceuticals, and personal care & cosmetics. On the basis of product type, citrus pectin market is segmented into high methoxyl pectin, and low methoxyl pectin.

The citrus pectin market was valued at US$ 547.2 Mn in 2018 and it is expected to reach US$ 965.5 Mn by the end of 2027, exhibiting a CAGR of 6.7% during the forecast period (2019 to 2027).

Increasing demand for citrus pectin in the baking and confectionery industry is expected to drive the market growth during the forecast period. Pectin is used as a sugar replacer or a fat in low calorie foods and bakery jams. The demand for citrus pectin from the confectionery industry is increasing as it is used in jams and jellies to provide a gel-like structure and facilitate the release of good flavor. Citrus pectin is also helpful in enhancing the color, texture, and shelf life of confectionary products.

Top Key Players in Citrus Pectin  market: Herbstreith & Fox GmbH, Cargill, Inc., CP Kelco, Yantai Andre Pectin (DSM), Silvateam S.p.A., DuPont de Nemours, Inc., Naturex A.G., Compañía Española de Algas Marinas S.A. (CEAMSA) and Krishna Pectins Pvt. Ltd.

Regional Analysis For Citrus Pectin  Market:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Citrus Pectin market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

• North America [U.S., Canada, Mexico]
• Europe [Germany, UK, France, Italy, Rest of Europe]
• Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
• South America [Brazil, Argentina, Rest of Latin America]
• Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]

For instance, in December 2019, CP Kelco launched ‘Nutrava’ at the Food Ingredients Europe Conference and Exposition in Paris. Nutrava may be a citrus fiber, which may be a clean-label ingredient and is sustainably sourced and produced. this is often expected to assist the corporate expand its product portfolio. Moreover, in June 2018, Fiberstar, a biotechnology company, launched ‘Citri-Fi 150’, a natural fibre for pet food & treats. Citri-Fi 150 may be a cost-effective fiber, which is employed to enhance texture, nutrition, and quality of companion pet food products, and thereby, expand the company’s product portfolio.

Pharmaceutical applications of citrus pectin are expected to fuel the market growth over the forecast period due to the increasing shifting towards natural and plant-based products for treating various diseases. Citrus pectin finds numerous pharmaceutical applications due to its use as binder, suspension agent, stabilizer, binding agent, and film forming agent.

The pectin is also being disintegrated in various tablet formulations and as a component in topical therapeutic bases. The pharmaceutical industry is also making use of citrus pectin as excipients. In the pharmaceutical industry, citrus pectin is also used extensively for treating gastrointestinal disorders and for reducing blood cholesterol levels. It is also useful in treating various kinds of metal poisoning and cancers.

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