The US citrus pectin market is expanding due to increasing health consciousness, a focus on organic and clean-label ingredients.
NEWARK, Del, Oct. 04, 2023 (GLOBE NEWSWIRE) — The global citrus pectin market is anticipated to reach a valuation of US$ 122,277.4 million in 2023, driven by clean-label and plant-based trends. This trend is expected to create new opportunities for the global market, leading to a projected CAGR of 4.8% between 2023 and 2033. It is estimated to gain a valuation of approximately US$ 191,678.9 million by 2033.
Pectin is mainly used in sweets such as jellies, jams, and marmalade. Industry players have developed pectin suitable for various purposes as technology has evolved. For 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.
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Citrus pectin, when utilized as an ingredient in such products, may be a healthy choice that promotes growth. A growing number of diet-conscious clients are looking for ways to cut fat and calories. Citrus pectin-induced meals are an excellent choice for this demographic. The increasing need for citrus pectin within the baking and confectionery sectors is expected to drive market growth during the forecast period. Pectin is used as a fat or sugar alternative in low-calorie recipes and bakery preserves.
Citrus pectin is in high demand in the confectionery industry because it provides jellies and jams with a gel-like consistency while imparting a pleasant taste to the meals. Citrus pectin can improve confectionary foods’ texture, color, and shelf life.
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.
“The market will see growth during the projected period owing to the rising consumer preferences towards clean-label, plant-based, organic and vegan food products,” says Nandini Roy Choudhury, Client Partner at Future Market Insights. .
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.
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.
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More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global citrus pectin market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the citrus pectin market, the market is segmented on the basis of 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), and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).
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
Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives. She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India. Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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Pectin Market Analysis: The pectin market is anticipated to expand its boundaries at a CAGR of 5.1% during the forecast period. The market holds a share of US$ 890.9 million in 2023 while it is anticipated to cross a value of US$ 1.5 billion by 2033.
Clean Label Pectin Market Size: The global clean label pectin market to reach a sum of US$ 221.8 million by 2033, garnering a CAGR of 6% during the forecast period, 2023 to 2033.
Fruit Pectin Market Share: The fruit pectin market is expected to expand at a steady CAGR of 5.6% each year, with an expected value of US$ 1,470.5 million in 2032.
Pectin Powder Market Value: The global pectin powder market is set to relish a market valuation of US$ 429.5 million in 2023, Demand for pectin powder is likely to develop at a CAGR of 4.3% between 2023 and 2033, reaching around US$ 652.1 million by 2033.
Citrus Flavors Market Sales: Research from Future Market Insights predicts that the global citrus flavors market is projected to expand at a CAGR of 4.9% over the forecast period. By 2033, the market value is anticipated to reach US$ 18.79 billion.
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