Citrus Pectin Market Growth Accelerated by Demand from Food and Beverage Industry

 

Citrus pectin is a dietary fiber extracted from the peel of citrus fruits like oranges and lemons. It is widely used in food and beverage processing as a gelling agent and stabilizer. Citrus pectin helps maintain the consistency of jams, jellies and fillings by forming a gel when added to sugar or acid. It is also used in dairy products, bakery goods, pharmaceuticals and cosmetics due to its ability to stabilize emulsions. With increasing health consciousness, citrus pectin has gained popularity as a low-calorie and low-fat alternative to traditional thickeners. The global Citrus Pectin Market is estimated to be valued at US$ 580.6 million in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The demand from the food and beverage industry has been a key growth driver for the citrus pectin market. Pectin is widely used as a stabilizer and thickener in various applications such as meat products, desserts, beverages and dairy. Rising global consumption of processed and convenience food has boosted the demand for additives like citrus pectin. Additionally, citrus pectin is gaining prominence as a dietary fiber. Research linking citrus pectin to health benefits such as blood sugar management and cholesterol reduction is increasing its popularity in functional food and dietary supplements. This has prompted food formulators to enhance pectin content in various products, thereby propelling market revenue growth over the forecast period.

Segment Analysis
The global citrus pectin market is dominated by high-methoxyl pectin segment which holds around 60% share of the total market. High-methoxyl pectin is widely used as a gelling agent and stabilizer in food processing applications such as jelly, jam and confectionery products due to its superior gelling property. The high gelling performance of high-methoxyl pectin makes it a preferred choice for products requiring firm gel formation.

Key Takeaways
The global citrus pectin market is expected to witness high growth over the forecast period of 2023 to 2030. With rising health-consciousness, the demand for natural and clean label ingredients is increasing rapidly. Citrus pectin offers numerous health benefits and fits well with the clean label trend, thereby propelling the market growth.

Regional analysis: Asia Pacific region dominates the global citrus pectin market with around 35% share of the total market. The large food processing industry in China and India drives significant demand for citrus pectin in the region. Strong economic growth, rising disposable income and growing middle class population are increasing the demand for processed food and beverages in Asia Pacific, thereby fueling the regional market for citrus pectin.

Key players operating in the citrus pectin market are CP Kelco, Cargill, Herbstreith & Fox KG, Yantai Andre Pectin Co. Ltd., DuPont, Silvateam S.p.A and Naturex. CP Kelco captures around 20% share of the global citrus pectin market owing to its wide product portfolio and strong global presence. Cargill is another prominent player focusing on new product development and expansion in emerging countries.

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