With a stern focus over the citrus pectin market, Fact.MR has published a new study titled “Citrus Pectin Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029”. This assessment primarily discusses the development of prominent players, together with different factors influencing the citrus pectin market. It has been observed that fluctuations affecting the market such as weakening production of citrus fruits, regional regulations and preferences merged with socio-economic changes are indeed impacting the global citrus pectin sector.
According to research findings, the citrus pectin market is estimated to experience more than 4% CAGR in the coming years. Due to transforming economic and environmental factors, it is anticipated to ensure steady growth during the stated forecast period. Interestingly, the top tier manufacturers active in the citrus pectin market account more than 50% share in the overall market, thereby, showcasing a positive route for stakeholders and new entrants.
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Creation of Clean Label Citrus Pectin Products Set to Become Manufacturers’ Favorite
With the growing count of health-aware consumers and rising consciousness for ‘clean labels’ concerned to food purchasing, the demand for clean label citrus pectin is anticipated to flourish rapidly in the near future. Vegan and organic oriented consumers from the global space are prompting the trend amongst citrus pectin manufacturers to systematically reinforce their product portfolio associated to organic ingredients and texturizers, including citrus pectin.
Popularity of Modified Citrus Pectin as a Comforting Cure for Cancer Drives Global Demand
Growing adoption of citrus pectin as a texturizer and emulsifier in the food & beverages industry is inspiring citrus pectin manufacturers to place additional efforts in altering its chemical properties. Based on recent studies conducted at distinguished research institutes, improved citrus pectin can prove operative in sensitizing prostate cancer cells during radiotherapy. Therefore, with a purpose of explore distinctive medicinal properties of citrus pectin, famous manufacturers are integrating advanced technologies to develop modified citrus pectin for tapping lucrative opportunities across the healthcare industry. These recent sightings and budding awareness related to the effectiveness of modified citrus pectin in regulating growth of new cancer cells is expected to push demand for citrus pectin in the coming years.
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Citrus Pectin and Its Pharmaceutical Applications Set to Favor Market Players
While discoursing citrus pectin market, food & beverages industry acquires a significant share, since citrus pectin is tagged as a commonly preferred texturizing ingredients related to diverse food products, such as jams, jellies, desserts and dairy. However, apart from its applications in the food & beverages arena, citrus pectin has been observing burgeoning demand from the pharmaceutical industry. It is known to find several pharmaceutical and cosmetic applications as a result of its gelling properties together with rheological behaviors. Some of the leading manufacturers are therefore developing pharmaceutical-grade citrus pectin products, aiming to capitalize further rewarding growth prospects in the overall pharmaceutical industrial space.
The final section of the report talks about the major players operating in the global citrus pectin market. Some of the presently active manufacturers mentioned in the report are Herbafood, Florida Food Products, Cargill, Inc, Compañía Española de Algas Marinas S.A. (CEAMSA), Fiberstar, Naturex and Quadra Chemicals. The listed players are examined on the basis of company overview, SWOT analysis and global presence.
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