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