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Citrus Pectin Market | Herbstreith & Fox GmbH, Cargill, Inc., CP Kelco, Yantai Andre Pectin (DSM)

08-05-2021 01:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Citrus Pectin Market

Citrus Pectin Market

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.

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).

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Detailed Segmentation:

Global Citrus Pectin Market, By Product Type:
High Methoxyl Pectin
Low Methoxyl Pectin

Global Citrus Pectin Market, By Application:
Food
Beverages
Pharmaceuticals
Personal Care & Cosmetics

Furthermore, to cater to increasing demand from pharmaceuticals and food applications in Asia Pacific, manufacturers are starting new plants. For instance, Anhui Jinfeng Pectin Co., Ltd started a new 1,000 tons pectin plant in early 2016. The plant mainly extracts pectin from lemon, apple, and orange peels to manufacture high methyl ester and low methyl ester pectin for pharmaceutical as well as food applications.

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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.

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.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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