Pectin Market: Jams and Jellies Application Segment Expected to Gain Significant Revenue Share

Increasing consumer inclination towards maintaining a healthy lifestyle has led to higher consumption of food and food ingredients with potential health benefits. Of late, consumers have become more conscious about their diet.

For instance, a large number of the adult population across the globe is showing greater awareness of the quality, effectiveness and safety of sports drinks, low-fat food and beverages, functional food, and dietary supplements leading to increased consumption. This in turn is anticipated to boost overall growth of the beverages segment in the global pectin market to a certain extent over the forecast period.

In 2016, the beverages segment was estimated to be valued a little more than US$ 80 Mn, which is expected to increase at a CAGR of 4.8% over the forecast period to reach more than US$ 100 Mn by the end of 2021. The segment is expected to be valued a little over US$ 130 Mn by the end of 2026. The beverages segment is anticipated to record absolute $ opportunity of US$ 3.6 Mn in 2017 over 2016 and incremental $ opportunity of US$ 53.6 Mn between 2015 and 2026.

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Increasing demand for packaged and convenience food and beverages is driving the growth of the beverages segment in the global pectin market to a significant extent. Pectin is used as an ingredient in various processed and convenience beverage products such as non-alcoholic drinks and ready-to-drink products.

Demand for such beverages is increasing owing to busy lifestyle and changing eating patterns among consumers in the global market. The impact of these factors is high currently and is expected to remain high for the next few years.

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Expansion of the beverages industry in North America is expected to contribute significantly to the increasing demand for pectin in the North America pectin market. Being a stabiliser, pectin has found wide usage in enhancing the pulp stability in juice based drinks. The beverages segment is expected to account for a revenue share of more than 10% in 2026 in the North America pectin market, registering a CAGR of 3.9% during the forecast period.

The report has profiled leading players in the global pectin market, which include, Cargill Incorporated, DuPont (Danisco), CP Kelco, Herbstreith & Fox, Yantai Andre Pectin Co., Ltd., Silvateam Food Ingredients, Naturex Group, CEAMSA, and Lucid Colloids Ltd.

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This release was published on openPR.