IMARC Group, a leading market research company, has recently released a report titled “Pectin Market Report by Raw Material (Citrus Peel, Apple Peel, and Others), End Use (Jams and Preserves, Drinkable and Spoonable Yoghurt, Bakery and Confectionary, Fruit Beverages, Other Milk Drinks, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the pectin market?
The global pectin market size reached US$ 1,170.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,256.0 Million by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2024-2032.
What is Pectin?
Pectin is a natural complex carbohydrate and soluble dietary fiber found in the cell walls of fruits and vegetables. It plays a crucial role in plant structure and is responsible for giving fruits their texture and firmness. Pectin is widely utilized in the food industry as a gelling agent, thickener, and stabilizer in various products such as jams, jellies, fruit preserves, and baked goods. It interacts with sugars and acids under appropriate conditions to form a gel-like structure, giving these products their desired consistency. Pectin also offers potential health benefits as it can contribute to improved digestion and may help lower cholesterol levels. Its versatile properties make pectin a valuable ingredient in both culinary and nutritional applications.
Pectin Market Trends and Growth Drivers:
The expanding food and beverage industry drives the demand for pectin as it finds extensive application in products such as jams, jellies, fruit-based fillings, dairy products, and beverages which represents one of the key factors influencing the growth of the market across the globe. As consumer preferences shift towards diverse and innovative food experiences, the need for functional ingredients like pectin rises.
Pectin's dietary fiber content and potential health benefits, such as improved digestion and potential cholesterol reduction, align with consumers' growing focus on health and wellness. This drives the demand for products containing pectin as consumers seek out functional foods that offer both taste and health advantages. As more consumers adopt vegan and plant-based diets, pectin's role as a plant-derived ingredient positions it as a valuable alternative to animal-based thickeners and stabilizers, further driving its demand across various applications which is facilitating the growth of the market across the globe.
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Market Segmentation:
The report has categorized the market based on raw materials, end use and region.
Raw Material Insights:
- Citrus Peel
- Apple Peel
- Others
End-Use Insights:
- Jams and Preserves
- Drinkable and Spoonable Yoghurt
- Bakery and Confectionary
- Fruit Beverages
- Other Milk Drinks
- Others
Regional Insights:
- Europe
- Asia
- North America
- Latin America
- Others
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- CP Kelco (J.M. HUBER Group)
- DuPont de Nemours, Inc.
- Cargill Incorporated
- Herbstreith & Fox GmbH & Co. KG
- Naturex SA
- Yantai Andre Pectin Co. Ltd.
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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