Pectin Market Growth Report 2024-2033: Research, Size, Demand, Analysis, and Insights

The pectin market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to fruit processing industry growth, rising awareness of health benefits, globalization of food trade, diversification of pectin applications, government regulations and standards..

The pectin market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to clean label movement, increased demand for low-sugar and sugar-free products, growing demand for functional foods, expansion of pharmaceutical industry, increased application in pet food industry.. Major trends in the forecast period include biodegradable packaging trends, technological advancements in extraction, research and development in pectin varieties, sustainable sourcing, adoption in nutraceuticals..

Market Overview -
Pectin refers to a soluble fiber that can be extracted from the cell walls of fruits by boiling and then cooling with an acid, such as lemon juice or citric acid. It is commonly used as a gelling agent in food products, particularly in the production of jams, jellies, and other fruit preserves.

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Rising Food And Beverage Consumption Propelling Growth In The Pectin Market
The increasing consumption of food and beverages is expected to propel the growth of the pectin market going forward. Food and beverage refer to cooked or processed edible substances that are used for human consumption, and pectin is often included in foods and beverages as it helps to prevent spikes in blood sugar levels and manage digestive health. Additionally, food and beverage consumption are also increasing due to rising disposable incomes, urbanization, and changing lifestyles. For instance, in 2021, according to the Food and Drink Federation (FDF), a UK-based organization for food and beverage manufacturers, the food and drink industry contributed $37.3 billion (£30 billion) to the UK economy, which is 4.2% higher than the previous year and has a turnover of more than $139.27 billion (£112 billion) and accounts for 20% of total UK manufacturing. Therefore, the increasing consumption of food and beverages will drive the pectin market.

Competitive Landscape -
Major companies operating in the pectin market report are DuPont Nutrition Biosciences ApS, CP Kelco, Cargill Incorporated, Herbstreith and Fox GmbH, Naturex Inc., Lucid Colloids Ltd, Silvateam SpA, Koninklijke DSM N.V., Ingredion Incorporated, International Flavors and Fragrances Inc., FMC Corporation, Yantai Andre Pectin Co. Ltd, Tate & Lyle LLC, Danisco A/S, Ceamsa, B.&V.SRL, Diagnostic and Statistical( DSM), Haisheng Group, Kraft Heinz, Pomona's Universal Pectin, JM Huber Corporation, Foodchem International Corporation, Pacific Pectin Inc., Jinfeng Pectin, Yuning Bio-Tec, Nestle S.A., PepsiCo Inc., The Coca-Cola Company, Kellogg Company, Obipektin AG .

Innovative Product Offerings Driving Growth In The Pectin Market
Product innovation is a key trend gaining popularity in the pectin market. Major market players are concentrating their efforts on creating innovative packaging technologies to strengthen their position in the market. For instance, in October 2021, CP Kelco US Inc., a US-based company in nature-based ingredients announced the launch of a unique product called GENU Pectin YM-SAL 200, an improved stabilizing solution for a long shelf-life. It is a clean-label additive that gives fruit-drinking yogurt some viscosity and acts as a stabilizer with improved stability and shelf life, making it more suitable for certain applications. The unique characteristic of GENU Pectin is that it is sustainably obtained and manufactured from citrus peels, a byproduct of juice processing.

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Key Segments -

The pectin market covered in this report is segmented -
1) By Type: HM Pectin, LM Pectin
2) By Function: Thickener, Stabilizer, Gelling agent, Fat replacer, Other Functions
3) By Raw Material: Citrus Fruits, Apples, Sugar Beet
4) By Distribution Channel: Direct, Indirect
5) By Application: Food And Beverage, Pharmaceuticals, Bakery, Dairy Products, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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