The global citrus pectin market was valued at US$ 547.2 million in 2018, according to 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) published by Coherent Market Insights.
The global citrus pectin market is expected to reach US$ 965.5 Million by 2027, exhibiting a CAGR of 6.7% during the forecast period (2019-2027). The market for citrus pectin is majorly driven by increasing awareness about the use of citrus pectin. The modified citrus pectin is a chemically altered pectin, which can be readily absorbed by the gut. The injection of citrus pectin in the bloodstream is beneficial for human health owing to its biological properties. It can also be consumed as a dietary supplement. The modified citrus pectin is helpful in preventing high cholesterol, spread of cancer, for treating people suffering with metal poisoning, and lowering the risk of heart diseases.
Modified citrus pectin helps in reducing the risk of metastatic cancer by binding to a protein called galectin-3. According to statistics provided by the American Cancer Society in the journal, CA: A Cancer Journal for Clinicians, the number of new cancer cases diagnosed has increased from 1,735,350 in 2018 to 1,762,450 in 2019. The risk of increasing metastatic cancer can be avoided by consumption of modified citrus pectin.
However, increasing demand for citrus fruits is expected to result into a higher price for citrus pectin extracts which might hamper the growth of the global citrus pectin market.
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