Global Citrus Pectin Market is estimated to be valued at US$ 580.6 Million in 2021, according to the Global Citrus Pectin Market Report, by Product Type (High Methoxyl Pectin and Low Methoxyl Pectin), by Application (Food, Beverages, Pharmaceuticals, and Personal Care & Cosmetics), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
Global citrus pectin market was valued at US$ 580.6 Million in 2021and is expected to register a CAGR of 6.6% over the forecast period (2022–2030). The Europe region is expected to dominate market over the forecast period and is projected to be the largest and fastest-growing region.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/citrus-pectin-market-3442
Browse 50 market data tables* and 40 figures* on "Global Citrus Pectin Market” - Forecast to 2030.
Key Trends and Analysis of the Global Citrus Pectin Market:
- New product developments are expected to propel the global citrus pectin market growth over the forecast period. Moreover, there is an increase in demand for new or innovative products which contain high nutritional content.
- For instance, in December 2019, CP Kelco, Manufacturer of gellan gum, carrageenan & refined locust bean gum launched ‘Nutrava’ at the Food Ingredients Europe Conference and Exposition in Paris. Nutrava is a citrus fiber, which is a clean-label ingredient and is sustainably sourced and produced. This is expected to help the company expand its product portfolio. Moreover, in June 2018, Fiberstar, a biotechnology company, launched ‘Citri-Fi 150’, a natural fiber for pet food & treats. Citri-Fi 150 is a cost-effective fiber, which is used to improve texture, nutrition, and quality of companion pet food products, and thereby, expand the company’s product portfolio
Key Takeaways of the Global Citrus Pectin Market:
- Among application, food segment dominated the global citrus pectin market in 2021. Food segment was followed by beverages, pharmaceuticals, and personal care & cosmetics segment in terms of revenue share, respectively.
- Among region, Europe dominated the global citrus pectin market in 2021, followed by Asia Pacific and North America, respectively.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global citrus pectin market.
