by Citrus pectin is a type of soluble fiber extracted from citrus fruits’ peel and pulp. It is widely used as a gelling agent, stabilizer and thickener in foods, beverages and cosmetics. Citrus pectin helps maintain heart health, aids digestion and supports weight management. The global Citrus Pectin Market is estimated to be valued at US$ 580.6 million in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: Usage of citrus pectin as an effective stabilizer and thickening agent in cosmetic and personal care products has increased significantly in recent years. Citrus pectin acts as an emulsifying and suspending agent in creams, lotions and face masks and helps improve skin texture. It hydrates and exfoliates skin and repairs signs of aging. Growing popularity of natural ingredients in cosmetics has propelled demand for citrus pectin from the personal care industry.
SWOT Analysis
Strength: Citrus pectin has various health benefits such as reduces cholesterol levels,Controls blood sugar levels,Promotes digestive health. It is obtained from citrus fruits waste which makes it an eco friendly product.
Weakness: The quality and characteristics of citrus pectin depends heavily on the source of raw materials. Substandard fruits can affect the quality of extracted pectin. Production of citrus pectin requires specific equipment and extraction methodology which requires large investments.
Opportunity: Growing health conscious population worldwide is increasing the demand for naturally sourced food ingredients like citrus pectin. The trend towards clean label and natural food ingredients present opportunities for citrus pectin producers to expand in new application areas.
Threats: Regional overproduction and dumping of low quality citrus pectin can negatively impact established brands. Dependence on climate conditions and crop yield of citrus can affect consistent supply of raw materials.
Key Takeaways
The global Citrus Pectin market is expected to witness high growth at a CAGR of 6.6% during the forecast period of 2023 to 2030. The market size for Citrus Pectin is projected to reach US$ 580.6 million by 2024.
Regional analysis: Asia Pacific region currently dominates the global citrus pectin market due to large citrus cultivation and availability of raw materials for extraction. China is the largest producer as well as consumer of citrus fruits worldwide. Major citrus pectin producing companies are focussing on expanding their distribution and production facilities in China and India to leverage the high growth potential countries.
Key players: Key players operating in the Citrus Pectin market are CP Kelco, DuPont Danisco, Cargill, Herbstreith & Fox, Andre Group, Silvateam, Naturex and Golden Health. CP Kelco and DuPont Danisco jointly hold over 35% of the global market share. These companies are focusing on new product development, partnerships and collaborations with regional and local players to strengthen market presence.
