CITRUS PECTIN MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 to 2031)

The market is expected to grow due to rising middle-class income and a growing population. Urbanization and recent developments in the supply chain both had a big impact on the market. Due to people busy lifestyles, there will likely be a rise in the consumption of functional foods, which will raise the need for citrus pectin.

Market Dynamics

Global citrus pectin market is expected to exhibit a CAGR of 6.6% over the forecast period, owing to increasing awareness about the use of modified citrus pectin. Modified citrus pectin is a chemically altered pectin which can be readily absorbed by the gut. Moreover, modified citrus pectin is helpful in preventing high cholesterol, spread of cancer, for treating people suffering with metal poisoning, and for lowering the risk of heart diseases. However, the various side effects of consuming citrus pectin such as gas, and bloating among others are expected to hamper the growth of the global citrus pectin market during the forecast period.

Among product type, low methoxyl pectin is expected to gain a significant market share during the forecast period owing to increasing demand for products such as sugar free juices, and jellies. This demand is owed to rising awareness about health & fitness, globally.

Among regions, Europe is expected to gain significant market share during the forecast period owing to increasing use of citrus pectin in pharmaceutical applications. For instance, in September 2020, Herbstreith & Fox (H&F Group), Neuenbürg, Germany based a producer of pectin, acquired Givaudan SA (Vernier, Switzerland) manufacturers and sells fragrances and flavors Acquiring Givaudan’s pectin business will help Herbstreith & Fox (H&F Group) to further expand in their markets across Europe, North Africa and the Middle East.

Key features of the study:

• This report provides an in-depth analysis of global citrus pectin market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global citrus pectin market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Herbstreith & Fox GmbH, Cargill Inc., CP Kelco, DSM Andre Pectin, Silvateam S.p.A, DuPont de Nemoursm Inc., Naturex A.G., Compañía Española de Algas Marinas S.A. (CEAMSA), and Krishna Pectins Pvt. Ltd
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global citrus pectin market report caters to various stakeholders in this industry including investors, suppliers, citrus pectin service providers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global citrus pectin market

Detailed Segmentation:

• Global Citrus Pectin Market, By Product Type:
  • High Methoxyl Pectin
  • Low Methoxyl Pectin
• Global Citrus Pectin Market, By Application:
  • Food
  • Beverage
  • Pharmaceuticals
  • Personal Care & Cosmetics
•  Global Citrus Pectin Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • Herbstreith & Fox GmbH
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Cargill Inc
  • CP Kelco
  • DSM Andre Pectin
  • Silvateam S.p.A
  • DuPont de Nemoursm Inc.
  • Naturex A.G.
  • Compañía Española de Algas Marinas S.A. (CEAMSA)
  • Krishna Pectins Pvt. Ltd

“*” marked represents similar segmentation in other categories in the respective section