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Global Pectin Market Will Surge to USD 1.6 Billion By 2026
Global Pectin Market
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Pectin is a carbohydrate compound found in the plant cell wall. It is primarily extracted from citrus fruits such as apples, oranges, berries, and lemons. Pectin has a number of functional properties like gelling, thickening, stabilizing, etc. that helps surge its application in the food & beverage and pharmaceutical industries.
Market Drivers:
The growing consumption of ready-to-eat food products and increasing awareness about the multifunctionality of pectin in various fields is anticipated to propel the growth of the global Pectin market. The rising health concerns and health consciousness are expected to drive the growth of the pectin industry. In addition, the functional properties of pectin such as gelling, thickening, stabilizing, color, and odor help increase its use in the food & beverage industry for making sauces, jams, jellies, bakery, pharmaceuticals, fruit beverages, meat-related products, etc., thereby bolstering the market growth. Pectin's further use as an additive, as well as to treat diabetes, colon & prostate cancer, and cholesterol, is likely to boom the Pectin market on a global level.
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Market Segment Dominance:
HM pectin category is anticipated to dominate the global Pectin market
HM pectin is estimated to dominate the Pectin market due to factors such as it high degree of methylation. In addition, the strength of HM remains high in the global Pectin market owing to its extensive use for thickening the product.
Citrus fruits category is estimated to hold the majority of the market share in the Pectin market
Growing demand for citrus fruits in the pharmaceutical & personal care industries is found to have surged in the last few years owing to the active phytochemicals in the citrus fruits that help protect health and also richly provide folic acid, vitamin C, and potassium.
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Food & beverages category is predicted to lead the global Pectin market
Food & beverages category is expected to account for the largest share in the global Pectin market. The reason behind the dominance is the rising use of natural and organic products for manufacturing jellies, jams,& spreads, and bakery & confectionery. Furthermore, the increasing application of pectin in spreads, sauces,& dressings, and meat products will further agitate the demand for pectin. The mounting use of pectin in the pharmaceutical and personal care product field owing to the advantageous properties of pectin such as to cure diarrheal diseases, gastrointestinal diseases, skin diseases, and others.
Regional Dominance
·Europe and the Asia Pacific is fuelling the growth of the global Pectin market
Europe is expected to dominate the global Pectin market during the forecast period. Market dominance is attributed to the rising demand for pectin in the food & beverages industry. In addition to this, the rising consumption of convenience foods & functional dairy products, jam & jellies, and baked goods are estimated to help surge the growth of the global Pectin market. Furthermore, Asia Pacific is estimated grow at a significant rate owing to the mounting demand for ready-to-eat foods and the changing eating behavior in the region.
Market Players
Some of the key players in the global Pectin market include CP Kelco, DowDupont, Incorporated, Cargill, Ingredion Incorporated, and Koninklijke DSM N.V.
This report segments the global Pectin market as follows:
Global Pectin Market: Type Segmentation Analysis
HM Pectin
LM Pectin
Global Pectin Market: Raw material segmentation Analysis
Citrus Fruits
Apple
Sugar Beet
Others
Global Pectin Market: Function Segmentation Analysis
Gelling Agents
Thickener
Stabilizer
Fat Replacer
Others
Global Pectin Market: Application Segmentation Analysis
Food &Beverages
Jams, Jellies, and Spreads
Dairy Products
Beverages
Bakery &Confectionery
Others
Pharmaceutical &Personal Care Products
Industrial Applications
Global Pectin Market: Regional Segmentation Analysis
North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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North America
Europe
China
Japan
Southeast Asia
India
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