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Citrus Pectin Market Analysis

  • Report ID: GMI7232
  • Published Date: Oct 2023
  • Report Format: PDF

Citrus Pectin Market Analysis

Based on source, the market is segmented as oranges, lemon, grapefruit, others. Oranges held a majority market value of USD 691.5 million in 2022. The flexibility of citrus pectin produced from oranges is an important demand driver in the food and beverage sector. Citrus pectin, a natural thickening and gelling ingredient, is widely valued for its ability to improve the texture and consistency of a broad range of goods, including jellies, jams, fruit juices, and dairy products. Its clean-label, non-GMO status also corresponds with rising consumer desire for healthful and natural ingredients, enhancing its demand in the food sector.
 

Citrus Pectin Market Revenue Share, By Grade, (2023)

Based on grade, the market is segmented as high methoxyl (HM) pectin and low methoxyl (LM) pectin. High Methoxyl (HM) Pectin held a dominant market share of around 62.3% in 2022 and is expected to grow at a lucrative pace till 2032. High Methoxyl (HM) Pectin grade is in high demand because to its remarkable gelling qualities, which make it an important component in the food sector, notably in the preparation of jellies, jams, and fruit preserves. The capacity of HM pectin to create strong gels in the presence of high sugar levels and low pH is critical for producing the correct texture and consistency in these products.
 

Based on application, the citrus pectin market is segmented as food & beverages, bakery and confectionery, pharmaceutical, cosmetic and personal care products, dietary supplements, functional food, others. Food & Beverages held a majority market value of USD 352.1 million in 2022. One of the primary demand drivers for citrus pectin in the Food & Beverages industry is its exceptional gelling and thickening properties, making it a valuable ingredient for creating desirable textures and mouthfeel in a wide range of products, including jams, jellies, fruit-based beverages, dairy products, and confectionery. Citrus pectin is a natural alternative to synthetic additives, aligning with the growing consumer preference for clean-label, all-natural ingredients, and it also contributes to product quality and enhances the overall sensory experience, thus driving its demand in the food and beverage sector.
 

Based on distribution channel, the market is segmented as direct sales, distributors and wholesalers, online retail, convenience stores, specialty stores, and others. Distributors and Wholesalers held a majority market value of USD 474.4 Million in 2022. The requirement for effective and comprehensive supply chain distribution drives the use of citrus pectin through distributors and wholesalers. Distributors and wholesalers play an important role in maintaining a consistent and easily available supply of citrus pectin to manufacturers in a variety of sectors. They provide a practical and cost-effective method of obtaining this chemical, facilitating the manufacturing of a wide range of items such as food, medications, and supplements.
 

North America Citrus Pectin Market Revenue, 2021 - 2032 (USD Million)

North America dominated the majority market share and a revenue of USD 462.9 million in 2022. One of the key demand drivers for citrus pectin in North America is the growing customer preference for clean-label, natural, and healthier food, and beverage items. Citrus pectin, obtained from citrus fruit peels, is praised for its natural and plant-based properties as customers grow more health-conscious and seek for goods with minimum chemicals and preservatives. It is used to improve texture, stability, and consistency in a variety of food and beverage goods, including jellies, jams, and dairy products, coinciding with the clean-label trend and generating regional demand.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size for citrus pectin reached USD 1.25 billion in 2023 and is set to reach USD 2.07 billion by 2032, attributed to the rising awareness of citrus pectin's potential health advantages which has surged it need in dietary and nutritional applications.

Citrus pectin industry from the oranges source segment generated USD 691.5 million in revenue in 2022 and is likely to witness high demand owing to the flexibility of citrus pectin produced from oranges in driver in the food and beverage sector.

North America industry for citrus pectin accounted for USD 462.9 million in revenue in 2022 and is estimated to expand at a robust growth rate due to the growing customer preference for clean-label, natural, and healthier food, and beverage items.

Citrus pectin industry includes Cargill, Inc., DuPont de Nemours, Inc., Herbstreith & Fox KG Pektin-Fabriken, CP Kelco, Silvateam S.p.A., B&V srl, Classic Gum Company, Florida Food Products, Inc., Yantai Andre Pectin Co. Ltd., and Fiberstar, Inc., among others.

Citrus Pectin Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 289
  • Countries covered: 19
  • Pages: 180
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