Press release
Citrus Pectin Market Qualitative Analysis Reveals Explosive Growth
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).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.
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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.
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.
Competitive Section:
Company Names
Herbstreith & Fox GmbH
Cargill, Inc.
CP Kelco
Yantai Andre Pectin (DSM)
Silvateam S.p.A
DuPont de Nemours, Inc.
Naturex A.G.
Compañía Española de Algas Marinas S.A. (CEAMSA)
Krishna Pectins Pvt. Ltd.
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