What is Citrus Pectin Market?
Citrus pectin is a complex water soluble indigestible polysaccharide which is obtained from the peel and pulp of citrus fruit. It is modified by high pH and temperature treatment. It is useful in controlling and treating cancer metastasis. Citrus pectin is also used as a dietary supplement which prevents the spread of cancer, low risk of heart disease and treats heavy metal poisoning. In addition, pectin is used to make medicine for high cholesterol, triglycerides, diabetes and gastro esophageal reflux disease. These wide range of uses is fueling the market growth.
The market study is being classified by Type (High Methoxyl Pectin and Low Methoxyl Pectin), by Application (Jams & Jellies, Beverages, Bakery Fillings & Toppings, Dairy Products & Frozen Desserts, Confectionery, Meat & Poultry, Dietary Supplements, Functional Food, Pharmaceutical, Personal care & Cosmetics and Others) and major geographies with country level break-up.
Dupont (United States), Fiberstar (United States), Ceamsa (Spain), Herbafood (Germany), Florida food products (United States), Cargill Inc. (United States), Quadra chemical (Canada), Naturex (France), Compania Espanola de Algas Marinas S.A (Spain) and Herbstreith & Fox (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Yantai Andre Pectin Co. Ltd (China), Lucid Colloids Ltd (India), Silvateam S.p.A (Italy) and Cp kelco (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Citrus Pectin market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Citrus Pectin market by Type, Application and Region.
On the basis of geography, the market of Citrus Pectin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Usage of Organic Chemicals for the Production of Edible Products
- Wide Range of Application of Citrus Pectin is Fueling the Market
- Growing Usage of Pectin in Food Products Due to Benefits Such as Improved Texture and Increased Shelf Life
- Decreasing demand of organic chemicals due to COVID 19 pandemic. This has led to the imbalance between supply and demand. However, the chemicals that find an application in health care has shown surge in demand.
- Increasing Demand for Natural Food Ingredient among the Consumers
- Rapid Expansion in Food and Beverage Industry
- Side Effects of Citrus Pectin Such as Stomach Cramps, Diarrhea and Gas
Market Leaders and some development strategies
In May 2019, DowDuPont’s specialty products division merged its two-business division's nutrition & health and industrial biosciences, to form DuPont nutrition & biosciences business unit. This merger will accelerate the growth and innovation that will provide healthy, safe, innovative, and sustainable solutions for customers in the industry.
On 17th December 2019, CP Kelco has launched new product line at food ingredient Europe conference. Nutrava citrus fiber, which is a clean label ingredient and produced from citrus peel.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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