Sustainable innovation seeks more energy-efficient processes for producing highly demanded products from industrial by-products. This study follows this endeavor. Comparisons were made on two processes for producing pectins from citrus peel as well as the two derived pectin products: a high-intensity pulsed electric field (HIPEF) pretreatment of citrus peel powder followed by a milder acidic extraction (pH 2, heating at 70 °C for 1 h; pectin termed HIPEF-CP), and a conventional direct hot-acid extraction (pH 2, heating at 90 °C for 2 h; pectin termed CP). HIPEF-assisted extraction significantly improved pectin yield (by 8.48%) and production efficiency (by 100.23%) while reducing energy consumption. Both were low-methoxyl pectins with similar branching degrees and contents of rhamnogalacturonan-I (RG-I), protein, phenolic compounds, total alkaloids and vitamin C. Compared with CP, HIPEF-CP contained higher homogalacturonan content, higher galactose content, higher galacturonic acid content, lower arabinose content, lower xylose content, slightly lower degree of methyl esterification, higher linearity, lower side chain size, higher molecular weight, and wider molecular weight distribution. The antioxidant, emulsifying and emulsion-stabilizing abilities of HIPEF-CP were superior to those of CP, though both pectins were satisfactory emulsifiers, exhibiting good antioxidant activities and emulsifying capacities at pectin concentrations not lower than 1.0%. The HIPEF pretreatment of citrus peel made the subsequent acidic pectin extraction feasible under milder conditions, to produce pectin with desired antioxidant and emulsifying capacities.