Pectin Market Growth Accelerates: Strategic Forecast Predicts $1.78 Billion by 2029

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What Will the Pectin Industry Market Size Be by 2025?
In recent years, the pectin market has seen robust growth. The market, which was at $1.28 billion in 2024, is projected to grow to $1.37 billion in 2025, marking a compound annual growth rate (CAGR) of 7.0%. This significant growth during the historic period can be credited to several factors, which include the growth of fruit processing industry, increased awareness about health benefits, the globalization of food trade, the expansion of varied pectin applications, as well as the implementation of government regulations and standards.

What's the Long-Term Growth Forecast for the Pectin Market Size Through 2029?
Over the next few years, the pectin market is predicted to experience robust growth, reaching a worth of $1.79 billion in 2029, registering a compound annual growth rate (CAGR) of 6.9%. This growth during the forecast period is linked to factors such as the clean label movement, a surge in the need for low-sugar and sugar-free goods, an escalating demand for functional foods, pharmaceutical industry expansion, and increased utilisation in the pet food industry. Significant trends in the forecast period include trends towards biodegradable packaging, advancements in extraction technology, research and development into diverse types of pectin, sources that are ecologically sustainable, and applications in the nutraceuticals sector.

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What Are the Key Growth Drivers Fueling the Pectin Market Expansion?
The growth of the pectin market is anticipated to be fuelled by the rising consumption of food and beverages. Food and beverages, which encompass cooked or processed edibles for human intake, often incorporate pectin because of its ability to regulate blood sugar levels and maintain digestive health. The increasing food and beverage intake can be attributed to growing disposable incomes, growing urban populations, and shifting lifestyles. To exemplify, the National Association of Convenience Stores, based in the US, reported in 2023 that the total industry foodservice sales, comprising of prepared food, commissary products, and dispensed drinks, made up 26.9% of in-store sales, a rise from 25.6% in 2022. Furthermore, the sales of prepared food went up by 12.2% per store per month in 2023, compared to the year before, placing it as the top category for in-store sales. Hence, the surge in food and beverage consumption is expected to significantly contribute to the expansion of the pectin market.

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What Are the Key Trends Driving Pectin Market Growth?
Key players in the pectin industry are concentrating their efforts on the creation of enzyme functionality technology. They aim to upgrade pectin extraction, bolster product durability, and widen their scope to food, pharmaceutical, and cosmetic sectors. Enzyme functionality pertains to the distinct biochemical reactions catalysed by enzymes, which enhance procedures like extraction and modification across multiple sectors. An excellent example would be the launch of DIAZYME NOLO by International Flavors & Fragrances, Inc., a US-based firm in September 2024. This pioneer product offers an enhanced flavor and mouthfeel for NOLO beers by transferring fermentable maltose into non-fermentable isomalto-oligosaccharides (IMOs). As a result, brewers can craft heavy-bodied beverages that echo the traditional beer experience while maintaining low alcohol content.

How Is the Pectin Market Segmented?
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

Subsegments:
1) By HM Pectin (High Methoxyl Pectin): Citrus HM Pectin, Apple HM Pectin
2) By LM Pectin (Low Methoxyl Pectin): Citrus LM Pectin, Apple LM Pectin

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Which Companies Are Leading the Charge in Pectin Market Innovation?
Major companies operating in the pectin market include 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, Ceamsa, B.&V.SRL, Haisheng Group, Pomona's Universal Pectin, JM Huber Corporation, Foodchem International Corporation, Pacific Pectin Inc., Jinfeng Pectin, Yuning Bio-Tec, Obipektin AG

Which Regions Are Leading the Global Pectin Market in Revenue?
Europe was the largest region in the pectin market in 2024. Asia-Pacific is expected to be the fastest-growing region in the pectin market report during the forecast period. The regions covered in the pectin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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