Citrus Pectin Market: Prime Economies Expected to Deliver Major Growth until 2028

From: Fact.MR
Published: Mon Apr 22 2019

Citrus pectin is a polysaccharide naturally found in the cell walls of the peels of citrus fruits, such as orange, tangerines/mandarins, lemon and lime, and grapefruits. Citrus pectin has unique properties to stabilize water transportation, thereby it is used as a texturizing and gelling agent in a variety of food products.

The Fact.MR study on citrus pectin market is a seamless presentation of unique insights on how the citrus pectin market will grow during 2018-2028 along with the prediction of market growth in terms of market revenue or value (US$ million) and market volume (tons). The citrus pectin market report presents valuable information about the important dynamics of the citrus pectin market to help market players to comprehend current growth parameters as well as future prospects of the citrus pectin market.

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Growing Awareness about the Effectiveness of Modified Citrus Pectin in Palliating Cancer Boosts Demand

Rapidly growing adoption of citrus pectin as an emulsifier and texturizer in the food & beverage industry is encouraging citrus pectin manufacturers to put efforts into modifying its chemical properties. According to recent studies conducted by and presented at renowned research institutes, modified citrus pectin can be effective in sensitizing prostate cancer cells in radiotherapy. A research presented at the American Society of Clinical Oncology (ASCO) Genitourinary Cancer Conference found that modified citrus pectin can slow or completely halt the growth of prostate cancer cells.

In order to bring out the unique medicinal properties of citrus pectin, leading manufacturers are incorporating advanced technologies to derive modified citrus pectin to tap lucrative opportunities in the healthcare sector. Recent discoveries and growing awareness about the effectiveness of modified citrus pectin in controlling growth of new cancer cells in patients is likely to escalate demand for citrus pectin in the upcoming years.

Pharmaceutical Applications of Citrus Pectin Generate Unique Opportunities for Market Players

Food & beverage industry accounts for a significant share in the citrus pectin market, as citrus pectin is one of the most commonly used texturizing ingredients for various food products, such as desserts, jams, jellies, and dairy products. Besides its applications in the F&B space, citrus pectin has been witnessing burgeoning demand in the pharmaceutical industry. Citrus pectin finds numerous pharmaceutical and cosmetic applications due to its gelling properties and rheological behaviors. Thereby, leading manufacturers in the citrus pectin market are developing pharmaceutical-grade citrus pectin products to capitalize on more lucrative growth opportunities in the pharmaceutical industrial sector.

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Top Tier Citrus Pectin Manufacturers Consolidate Their Position with a Significant Market Share

Tier I manufacturers in the citrus pectin market account for around 60% revenue share and, albeit slowly, they are likely to envisage strong growth in the upcoming years. Wide geographical presence and a strong network of distributors enable citrus pectin market leaders to tap lucrative opportunities across various regions. Furthermore, market leaders are reaping benefits of their wide, powerful, end-use specific, and label-friendly product portfolios, which enables them to scale up their position in the citrus pectin market.

Leading stakeholders in the citrus pectin market are acquiring local businesses to get direct access to raw materials, such as citrus fruits, and deliver more economical citrus pectin products with improved profit margins. Top tier citrus pectin manufacturers are also adopting strategies to amplify investments to upgrade their existing citrus pectin production capacities, in order to further expand their global market coverage.

Competitive Landscape

The citrus pectin market report features detailed profiles of key market players to present important aspects of competitive landscape of the citrus pectin market. Insightful information about stakeholders includes key financials, winning strategies, recent company developments, and product portfolio of companies, along with information about new technologies adopted and new product launched by citrus pectin manufacturers in the market.

Citrus pectin manufacturing companies and other stakeholders featured in the citrus pectin market report include Fiberstar, Ceamsa, Herbafood, Florida Food Products, Cargill Inc., Quadra Chemicals, Naturex, Compañía Española de Algas Marinas S.A. (CEAMSA), Herbstreith & Fox, Yantai Andre Pectin Co. Ltd., Lucid Colloids Ltd., DuPont, Silvateam S.p.A., and CP Kelco.

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