Throughout the projected period, rising demand for citrus pectin in the baking and confectionery industries is anticipated to propel market expansion. Low calorie foods and bakery jams employ pectin as a fat or a sugar substitute. Citrus pectin, which gives jams and jellies a gel-like structure and aids in the flavour release, is becoming more and more in demand from the confectionery business. The colour, texture, and shelf life of confectionery products can all be improved using citrus pectin. The primary force behind market expansion is the rise in the consumption of upscale foods and beverages on a global scale. The market is anticipated to grow as a consequence of increased pectin usage in juice for better mouth feel, acidified dairy applications for constrained jams, oxidised protein drinks, protein stability, and higher awareness of the different uses of pectin among food and beverage makers.
Coherent Market Insights says that Revenue for the global Citrus Pectin Market was estimated at US$ 580.6 Million in 2021, with a CAGR of 6.6% over the anticipated period (2022 to 2030).
Market Leaders in the Citrus Pectin Industry:
1. Herbstreith & Fox GmbH
The company was started in 1934 and corporate headquarters are located in the European Union (EU). The business specialises in the variety of apple and citrus pectins, offering personalised technical support and creative solutions to enable customers to use it in dairy and confectionery products. Givaudan sold its pectin business to Herbstreith & Fox in 2020. In 2021 H&F In ice cream sauces, pectin helps maintain storage stability.
2. Cargill Inc.
Cargill was established in 1865 and has its headquarters in Minnetonka, Minnesota. Animal nutrition, biofuels, meat and poultry, food, and industrial products are all offered by Cargill, Inc. in addition to producing grains and oilseeds, serving as a resource for farmers, offering risk management strategies, and producing grains and oilseeds. In November 2022, Cargill announced plans to purchase Owensboro Grain Company. In order to enhance manufacturing capacity in Ecuador's shrimp feed industry by October 2022, Cargill has formed a joint venture.
3. CP Kelco,
Atlanta, Georgia serves as the home of CP Kelco, which was established in 1929. Worldwide producers of food, drinks, and consumer goods have access to CP Kelco's selection of natural ingredientsThey manufacture refined locust bean gum, gellan gum, xanthan gum, diutan gum, and microparticulated pectin.. In March 2022, CP Kelco introduced new ingredient options for plant-based meat substitutes.
4. Silvateam S.p.A,
It was established in 1854, and San Michele Mondovi, Italy, serves as the location of its headquarters. Produced primarily for the leather sector, Silvateam S.p.A. produces speciality chemicals and tannins. The firm was divided into three primary divisions: leather, food ingredients, and animal nutrition.
5. DuPont de Nemoursm Inc.
The business was established in 1802 and has its headquarters in Wilmington, Delaware. Construction materials, adhesives, electronics, fabrics, fibres, home and garden, medical devices, resins, printing, and consumer goods are just a few of the many things that DuPont de Nemours, Inc. offers. DuPont declared its participation in Apple's Supplier Clean Energy Program in April 2022. In June 2022, DuPont stated that the previously announced sale of its Biomaterials business unit had been completed.
6. Naturex A.G.,
The business was established in 1992 and has its headquarters in Avignon, France. A company called Naturex specialises in botanicals and creates and distributes plant extracts for the food industry to use as a flavour, colouring, or preservative. Turmipure Gold®, a highly bioavailable natural turmeric extract from Naturex, was awarded the GRAS (Generally Recognized as Safe) classification in January 2020.
7. Compañía Española de Algas Marinas S.A. (CEAMSA)
The company, which has its headquarters in O Porrio, Spain, was founded in 1966. Food preparation is done by Compania Espanola de Algas Marinas SA. The company sells goods in the bakery, confectionery, meat, seafood, and dessert categories, among others.
8. Krishna Pectins Pvt. Ltd
The business was established in 1994 and has its headquarters in JALGAON Jalgaon MH. Krishna Pectins is a leading manufacturer of pectin that specialises in production, research, and development. In order to produce any form of pectin, Krishna Pectins is a global pioneer in making sunflower pectin more and more versatile.
Definition: Citrus pectin is a modified, more palatable type of pectin. It is extracted chemically from the peels, seeds, and pulp of citrus fruits. In general, pectin is a gel-forming polymer found in plant cell walls, particularly those of apple and citrus fruits.
