Pectin Market Report 2024: Size, Share, Growth, Trends, Forecast 2033

"The new report published by The Business Research Company, titled ""Pectin Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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 .

Contents of the report:
1. Executive Summary
2. Pectin Market Report Structure
3. Pectin Market Trends And Strategies
4. Pectin Market - Macro Economic Scenario
5. Pectin Market Size And Growth
…..
27. Pectin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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