The citrus pectin market size was projected to be worth US$ 116,900.0 million in 2022. By the end of 2023, the market is likely to reach a valuation of US$ 122,277.4 million. The global market for citrus pectin is likely to garner a 4.8% CAGR and reach a market worth US$ 191,678.9 million by 2033.
Pectin is mostly used in sweets such as jellies, jams, and marmalade. Industry players have developed pectin that is suitable for a variety of purposes as technology has evolved. As an example, GENU Pectin by CP Kelco is gaining prominence in the personal care and cosmetics industries as an organic skin feel stabilizer, assist, and pH-balancing component.
Key Market Trends and Highlights
- Growing demand for clean-label ingredients: The demand for citrus pectin for various food and beverage applications is increasing as citrus fruits are a natural and clean-label component.
- Expanding plant-based and vegan trends: Citrus pectin is recognized for its ability to add texture to plant-based replacements for things like dairy-free sweets, yogurt, and meat.
- Rising demand for functional foods: Manufacturers are looking at prospects for developing functional food items that uses citrus pectin’s advantages for good health. It is a natural source of dietary fiber and contributes in digestive wellness.
Check The Sample Report Available In PDF Format:
https://www.futuremarketinsights.com/reports/sample/rep-gb-11039
Key Takeaways from the Market Study
- Historically, the citrus pectin market increased at a CAGR of 4% from 2018 to 2022.
- The United States is expected to take over 23.7% of the citrus pectin market in 2023.
- China is expected to control 12.1% of the global citrus pectin market by 2023.
- By 2023, Japan’s citrus pectin market will account for 4.5% of the worldwide market.
- The citrus pectin market in France is expected to grow by 5.3% by 2023.
- The citrus pectin market in the United Kingdom is predicted to grow to 5.8% by 2023.
- High-methoxyl pectin accounts for more than half of the worldwide citrus pectin market.
- The grapefruit category is expected to grow at an 8.4% CAGR during the next ten years to come.
Competitive Landscape
Prominent players in the citrus pectin market are:
- Fiber Star
- Cargill, Inc.
- DuPont
- Ceamsa
- Naturex, SA
- CP Kelco
- Yantai Andre Pactin Co. Ltd.
- Herbstreith & Fox KG Pektin-Fabriken
- Herbafood Ingredients GmbH
- Silvateam S.pa.
- Florida Food Products, Inc.
- Lucid Colloids Ltd.
Drive Your Growth Strategy: Purchase the Report for Key Insights: https://www.futuremarketinsights.com/checkout/11039
Product Portfolio
- Under the GENU® brand, CP Kelco sells a number of pectin products, particularly citrus pectin. These pectins are found in a variety of food and beverage applications, such as dairy products, fruit spreads, and bread goods.
- CitriTex® citrus pectin products from Cargill are developed for gelling as well as thickening uses in the food and beverage industries. It is well-known for its gelling qualities and is utilized in jellies, jams, and fruit preparations.
- Citrus pectin products from DuPont’s GRINDSTED® pectin line are appropriate for a variety of culinary applications. These pectins are used to gel and stabilize goods like fruit spreads, dairy treats, and confectionery products.
Segmentation Analysis of the Citrus Pectin Market
By Product Type:
- High Methoxyl Pectin
- Low Methoxyl Pectin
By Source:
- Oranges
- Tangerines/Mandarins
- Grapefruit
- Lemon and Lime
By Application:
- Jams & Jellies
- Beverages
- Bakery Fillings & Toppings
- Dairy Products & Frozen Desserts
- Confectionery
- Meat & Poultry
- Dietary Supplements
- Functional Food
- Pharmaceutical
- Personal Care & Cosmetics
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube