The global Citrus Pectin market is estimated at US$ 116.9 Bn in 2022 and is projected to reach US$ 183.9 Bn by 2032, at a CAGR of 4.6% from 2022 to 2032.
Nowadays, individuals are more likely to seek out health communication that construes unique advantages connected to wellness, ethics, and the environment. People wish their food will possess increasingly many advantages. Of all, consumers will pay more money for food that offers the advantages it says. Therefore, using pectin to create a liquid may provide several potential health benefits.
Citrus pectin has the effect of helping to boost gut health, reduce cholesterol levels, and control blood sugar levels. Pectin helps the development of helpful intestinal bacteria and slows the growth of harmful bacteria, preventing digestive and metabolic disorders. Citrus pectin also has an effect on gut microbiota that could help contribute to a healthy weight. The citrus pectin market is expected to be driven upward by the apparent health benefits of Pectin consumption.
Furthermore, increasing spending capacity of working population has encouraged them to switch to premium brands, which is expected to fuel the Citrus Pectin market growth over the forecast period (2022-2032).
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Key Takeaways from Market Study
- Europe is expected to dominate the global market by accounting for the maximum market value share of about 40% by 2022 end
- Subtle changes in consumers’ preference for convenient “foie gras”-style foods likely factor into the growing demand for hydrocolloids as stabilizers, texturants, binders, thickening agents, and viscosity agents in convenience-food products
- By product type, high methoxyl pectin is expected to account for the maximum market share by 2022 end
- Owing to pectin’s excellent stabilizer functionality, manufacturers are focusing on introducing products with citrus pectin as a ingredients
- Orange is expected to account for a higher market value share than direct channel by 2032 end
“Shift towards Natural Ingredients- Manufacturers Adopting the Plant-based Nature to result in an impressive growth in the Citrus Pectin market in the coming decade,” says a Future Market Insights analyst.
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Competitive Landscape
Key players in the market are stepping up their strategies, such as the launch of new products, geographical expansion, mergers and acquisitions, artificial intelligence and machine learning, and collaboration and partnerships, in order to satisfy the needs and desires of the customer base and serve them accordingly, thus enlarging it.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Citrus Pectin market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
By Product Type, Global Citrus Pectin is segmented as:
- High Methoxyl Pectin
- Low Methoxyl Pectin
By Source, Global Citrus Pectin is segmented as:
- Oranges
- Tangerines/ Mandarins
- Grapefruit
- Lemon and Lime
By Application, Global Citrus Pectin is segmented as:
- Jams & Jellies
- Beverages
- Bakery Fillings & Toppings
- Dairy Products & Frozen Desserts
- Confectionery
- Meat & Poultry
- Dietary Supplements
- Functional Food
- Pharmaceutical
- Personal care & Cosmetics
- Others
By Region, Global Citrus Pectin is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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