The citrus pectin market is expected to reach US$ 183.9 billion by 2032, at a CAGR of 4.6% from 2022 to 2032, from an estimated US$ 116.9 billion in 2022.
Citrus pectin demand is rising quickly as a result of the developing food and pharmaceutical industries. The demand for citrus pectin is being fueled by consumers’ increased attention on healthy, natural, and fruit-based products as a result of the rising prevalence of diabetes, obesity, and cardiac problems around the world.
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Key Takeaways from the Citrus Pectin Market Study
- Advent of newer technologies and increased attention to clean label product development will enable growth in citrus pectin market. In addition, leading manufacturers are now focusing on strengthening their distribution and supply base in order to ensure that products are easily available to their target customers. This is expected to bode well for the market in the coming years.
- Among product type segments, the High Methoxyl Pectin is currently leading the market. The segment is witnessing high demand in food and pharmaceutical industry since high methoxyl pectin acts as an emulsifier and has texturizing and stabilizing properties.
- The key players are operating in this citrus pectin market are focusing to expand their presence globally through acquisition and collaboration with domestic and regional players.
- Key players are also focusing on expanding their global footprint by launching new products related to citrus pectin. In addition, Tier -1 players are investing in research and development activities and continuously monitoring their product offering in order to offer an excellent quality of product.
“Citrus Pectin market is gaining strength from increasing applications in diverse industries such as food and pharmaceutical industries. Increasing usage of hydrocolloids in food and beverages industry is fuelling the demand for citrus pectin. Moreover, developing clean label citrus pectin products is a major focus of market players. This is expected to create growth opportunities for the market in the near future” says an FMI analyst.
Owing to their natural pectin content, citrus pectin enables formation of gels in high-brix, high-acid applications such as preparations for spreads, bakery and yogurt. Using citrus pectin as an alternative to pure pectin is cost-effective and offers a cleaner label. Different grind sizes of citrus pectin are available in the market which helps the formulator in selecting a pulpy or fine texture based on the target application requirements. In addition, citrus pectin enable syneresis control in cultured dairy products.
Along with the provision of increased yields, citrus pectin enables manufacturers to make the most of fat and water in the gel system. Hydration and dispersion are key to citrus pectin’s functionality. For most of the applications, citrus pectin is dispersed with dry ingredients, followed by adding liquids later. Manufacturers are observing such functionalities as opportunities for extending their product lines.
During process of meat extension, the imperative need of retaining added water while maintaining its edibility and texture has fuelled the demand for citrus pectin. The structural perviousness of which aids in texturizing and binding water in meat processing systems. Moreover, citrus pectin is also capable for improving the quality of mechanically deboned meat (MDM). The manufactures operating in citrus pectin market are also focusing to invest in diversification of portfolio of citrus pectin, in order to meet multiple end uses like pet food.
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Who is Winning
Some of the market players profiled in the report are Fiberstar, Ceamsa, Herbafood, Florida Food Products, Cargill Inc., Quadra Chemicals, Naturex, Compañía Española de Algas Marinas S.A. (CEAMSA), Herbstreith & Fox, Yantai Andre Pectin Co. Ltd., Lucid Colloids Ltd., DuPont, Silvateam S.p.A., and CP Kelco.Several leading market players are acquiring smaller businesses to expand their footprint and product portfolio. Besides this, acquisition often allows them to gain competitive advantage.
- In 2018, Fiberstar launched new product Citri-Fi 150 to cater to pet food and strengthen its product portfolio.
- In 2018, Cargill Inc. invested US$ 150 million for construction of an HM pectin production in South America.
- In 2019, CP Kelco has increased its regional penetration through collaboration with Azelis. Also, the company doing capacity expansion in Wulian China to support its growth in Asia Pacifica region.
Product Type
- High Methoxyl Pectin
- Low Methoxyl Pectin
Source
- Oranges
- Tangerines/ Mandarins
- Grapefruit
- Lemon and Lime
Application
- Jams & Jellies
- Beverages
- Bakery Fillings & Toppings
- Dairy Products & Frozen Desserts
- Confectionery
- Meat & Poultry
- Dietary Supplements
- Functional Food
- Pharmaceutical
- Personal care & Cosmetics
- Others
Region
- North America
- Latin America
- Europe
- APEJ
- Japan
- MEA
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Frequently Asked Questions
- How big is the Citrus Pectin market?
- At what rate is the global Citrus Pectin market expected to grow?
- What are the key strategic adopted by Citrus Pectin market players?
- How much share does the top companies in the Citrus Pectin market hold?
- Which are the major countries driving demand for Citrus Pectin?
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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