The global citrus pectin market Growth Accelerated by Increasing Applications of Citrus Pectin

 

Citrus pectin is a high-molecular-weight polysaccharide that is primarily extracted from citrus fruits such as oranges, limes, lemons and grapefruits. Citrus pectin is widely used as a gelling agent, thickening agent and stabilizer in various foods and beverages. Some key applications of citrus pectin include use in jams, jellies, fruit fillings, dairy products, bakery products and meat products. It helps in increasing the viscosity and setting properties of food products.

The global citrus pectin market is estimated to be valued at US$ 580.6 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing applications of citrus pectin in various food and beverage applications is a major trend fueling growth of the global citrus pectin market over the forecast period. Citrus pectin is widely used as a gelling agent and stabilizer in jams, jellies, dairy products, bakery, confectionery and beverages due to its ability to prevent crystallization and enhances the viscosity and setting properties of food products. Rise in demand for processed and convenience foods has led to increased applications of citrus pectin as a gelling and thickening agent. Moreover, citrus pectin is considered as a good source for soluble dietary fiber that aids in digestion and blood sugar regulation. Growing health awareness among consumers is further expected to drive the demand for citrus pectin based food products.

Segment Analysis
The global citrus pectin market is segmented into conventional citrus pectin and organic citrus pectin. The conventional citrus pectin segment accounted for the largest market share in 2022. This segment is dominating owing to its widespread adoption in various industries such as food & beverages, pharmaceuticals, and cosmetics.

Key Takeaways
The global citrus pectin market is expected to witness high growth during the forecast period of 2023-2030. The market size is projected to reach US$ 980.2 Mn by 2030, expanding at a CAGR of 6.6%.

Regional analysis
Asia Pacific dominated the global citrus pectin market in 2022 and is expected to maintain its lead during the forecast period. The growth of the region can be attributed to the growing food & beverages industry and increasing health consciousness among consumers.

Key players
Key players operating in the citrus pectin market are Herbstreith & Fox GmbH, Cargill Inc., CP Kelco, DSM Andre Pectin, Silvateam S.p.A, DuPont de Nemoursm Inc., Naturex A.G., and Krishna Pectins Pvt. Ltd. Herbstreith & Fox GmbH holds a prominent share in the market.

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