Baking, Confectionery Industries, and Premium Food and Drinks has Increasing Demand in Citrus Pectin Market
In addition, the market is anticipated to experience growth due to the rising need for citrus pectin in the baking and confectionery industries. Pectin serves as a substitute for sugar or fat in low-calorie foods and bakery jams. The confectionery industry's need for citrus pectin is growing due to its role in baking or pastry filling preparations. The utilization of citrus pectin in functional foods is on the rise because of its possible health advantages. It could function as a cholesterol-reducing agent, and initial studies indicate that it may affect the health of the gut. According to the Australian Bureau of Statistics, over 2.1 million individuals self-reported having high cholesterol.
Increasing Dominance of Citrus Pectin in Cosmetics and Personal Care Products on the Market
For example, ‘GENU pHresh’ is the pectin derived from citrus peel that is obtained from renewable natural sources and is a key ingredient in cosmetic products manufactured by CP Kelco U.S., Inc. which manufactures products like lotions and creams, shaving products, sun care, hair care, and deodorant products that offer a soothing effect on the skin. Apart from that, advances in technology for extracting and purifying citrus pectin are making it possible to create high-quality citrus pectin with enhanced functionality and performance. In addition, the growing trend towards natural and clean-label ingredients further drives the application of citrus pectin in the cosmetic industry.
Recent Trends in the Citrus Pectin Industry:
- Growing awareness of citrus pectin's potential health benefits.
- Citrus pectin is a versatile ingredient in jams, jellies, and other food applications.
- Consumers have increased interest in natural and organic ingredients.
- Increased adoption for cosmetics as manufacturers offers citrus pectin as a clean-label texturizer
- Advancement in technology for extracting and purifying citrus pectin
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Side Effects, Consumer Preference, and Fluctuations in Prices Create a major Challenge for Citrus Pectin
The production of citrus fruit relies on pectin; therefore, fluctuations in raw material prices during different seasons can lead to increased expenses. Moreover, because pectin is expensive, consumers and end-user industries are turning to hydrocolloids. The increased accessibility of gelatin, which offers greater nutritional advantages, is predicted to hinder market expansion. Pectin substitutes that offer similar or improved nutritional benefits at competitive prices provide a financially feasible alternative for end-user sectors while hampering market expansion.
Growth for the Citrus Pectin Market is being fuelled by Mergers, New Product Launches, and Acquisitions
Furthermore, in March 2022, CP Kelco U.S., Inc., an established nature-based ingredient solutions company, and food ingredient startup Shiru, Inc. introduced a new collaboration to boost the path to a sustainable food system by discovering and developing next-generation plant-based proteins with precision fermentation technology.
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Dominance of JN.1 Variant and Strict Regulatory Framework Drives the Demand for Citrus Pectin
Meanwhile, the Asia-Pacific region is projected to experience the most rapid growth in the global citrus pectin market throughout the predicted time frame. According to the National Health Commission, the use of pectin in China is regulated by Regulation GB 2760-2024, which states that there are no set maximum levels for pectin usage in foods and that it can be used without limitations. Therefore, it defines the approved varieties of food additives, their permissible uses in various food groups, and establishes the highest allowable levels of utilization. This guarantees the safety of food and protects consumers. This regulatory framework further strengthens the demand for citrus pectin.
The need for pectin is expected to increase because pectin is used as a natural texturizer in creams, oils, and ointments. Because of the influence of luxurious lifestyles and a strong interest in fashion in the primary and secondary cities of China, women are paying more attention to the effectiveness of skincare products. This has increased the need for pectin, which serves as a skin-friendly thickener and stabilizer in skincare by helping to stabilize suspensions, emulsions, and foams.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Citrus Pectin Market Research Report Covers In-depth Analysis on:
- Citrus pectin market detailed segments and segment-wise market breakdown
- Citrus pectin market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in citrus pectin industry)
- Current, historical and forthcoming 10 years market valuation in terms of citrus pectin market size (US$ Mn), volume (grams), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Citrus pectin market demand analysis
- Citrus pectin market pricing analysis over forecast period (by key segment and by region)
- Citrus pectin market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in citrus pectin market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in citrus pectin market
- Citrus pectin market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on citrus pectin market forecast by countries
- Mergers and acquisitions in citrus pectin market
- Essential information to enhance market position
- Robust research methodology