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Citrus pectin market | Coherent Market Insights

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Citrus pectin market | Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. CITRUS PECTIN MARKET ANALYSIS • Citrus Pectin Market Report, by Product Type (High Methoxyl Pectin, and Low Methoxyl Pectin), by Application (Food, Beverages, Pharmaceuticals, and Personal Care & Cosmetics), and by Region (North America, South America, Asia Pacific, Europe, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  3. Definition of Market/Industry: • Citrus pectin is a naturally occurring polysaccharide found in citrus fruits such as oranges, lime, and lemons among others. Citrus pectin can be used as a thickening agent when heated with sugar. These characteristics of citrus pectin are used for manufacturing jams and jellies among others. Moreover, citrus pectin has applications in industries such as food and beverages, pharmaceuticals, and personal care & cosmetics. On the basis of product type, citrus pectin market is segmented into high methoxyl pectin, and low methoxyl pectin.

  4. Statistics: • The citrus pectin market was valued at US$ 547.2 Mn in 2018 and it is expected to reach US$ 965.5 Mn by the end of 2027, exhibiting a CAGR of 6.7% during the forecast period (2019 to 2027).

  5. Drivers: • Increasing demand for citrus pectin in the baking and confectionery industry is expected to drive the market growth during the forecast period. Pectin is used as a sugar replacer or a fat in low calorie foods and bakery jams. The demand for citrus pectin from the confectionery industry is increasing as it is used in jams and jellies to provide a gel-like structure and facilitate the release of good flavor. Citrus pectin is also helpful in enhancing the color, texture, and shelf life of confectionary products.

  6. High-methoxyl and low-methoxyl pectin are both used in the confectionery industry. While substituting low-methoxyl pectin with high-methoxyl pectin, the confectioneries need to use 10% more pectin for achieving a similar level of firmness that can be achieved by use of low-methoxyl pectin. • In bakery products such as cakes and pastries, the gelling characteristics of pectin help in preventing discoloring of fruits, and from drying out.  The U.S. Food and Drug Administration recognized the use of citrus pectin as safe, when it is used as an emulsifier and thickener.

  7. Figure 1. Global Citrus Pectin Market Share (%),By Region, 2018

  8. Market Restraints • Increasing side effects associated with the consumption of citrus pectin are expected to hamper the global citrus pectin market growth. Citrus pectin is obtained from citrus fruits such as orange among others. Although, it is a natural source of pectin, it can have side effects such as gas, bloating, and loose stools among others. Also, people allergic to citrus fruits cannot consume citrus pectin-based products.

  9. Moreover, citrus pectin can reduce the human body’s ability to absorb beta-carotene, which is an important nutrient, and other drugs such as Digoxin (a heart medicine), Tetracycline antibiotics, and Lovastatin (a cholesterol-lowering drug), among others. This is expected to hamper growth of global citrus pectin market during the forecast period.

  10. Market Opportunities • Pharmaceutical applications of citrus pectin are expected to fuel the market growth over the forecast period due to the increasing shifting towards natural and plant-based products for treating various diseases. Citrus pectin finds numerous pharmaceutical applications due to its use as binder, suspension agent, stabilizer, binding agent, and film forming agent.

  11. The pectin is also being disintegrated in various tablet formulations and as a component in topical therapeutic bases. The pharmaceutical industry is also making use of citrus pectin as excipients. In the pharmaceutical industry, citrus pectin is also used extensively for treating gastrointestinal disorders and for reducing blood cholesterol levels. It is also useful in treating various kinds of metal poisoning and cancers.

  12. Market Trends/Key Takeaways • New product developments are expected to propel the global citrus pectin market growth over the forecast period. Moreover, there is an increase in demand for new or innovative products which contain high nutritional content. • For instance, in December 2019, CP Kelco launched ‘Nutrava’ at the Food Ingredients Europe Conference and Exposition in Paris. Nutrava is a citrus fiber, which is a clean-label ingredient and is sustainably sourced and produced. This is expected to help the company expand its product portfolio. Moreover, in June 2018, Fiberstar, a biotechnology company, launched ‘Citri-Fi 150’, a natural fiber for pet food & treats. Citri-Fi 150 is a cost-effective fiber, which is used to improve texture, nutrition, and quality of companion pet food products, and thereby, expand the company’s product portfolio.

  13. Figure 2. Global Citrus Pectin Market Share, By Application, 2018

  14. Competitive Section: • Company Names  • Herbstreith & Fox GmbH • Cargill, Inc. • CP Kelco • Yantai Andre Pectin (DSM) • SilvateamS.p.A • DuPont de Nemours, Inc. • Naturex A.G. • CompañíaEspañola de Algas Marinas S.A. (CEAMSA) • Krishna Pectins Pvt. Ltd.

  15. Recent Developments • SilvateamS.p.A • In September 2019, Silvateam entered a joint venture with JRS Group (a Germany-based manufacturer of organic fibers) to form JRS Silvateam Ingredients Srl. The new company will focus on production and marketing of pectin and texturizing systems. The joint venture will help Silvateam to expand its presence in the global pectin market.

  16. Herbstreith & Fox GmbH • In October 2019, Herbstreith & Fox entered into a partnership with Algaia S.A. (a France-based manufacturer of seaweed extracts). Both companies will work together to offer a combination of alginates and pectin for baking applications. The products will be marketed as single ingredients or as a blend. The partnership will allow Herbstreith & Fox to expand its product portfolio.

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  18. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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