The latest report by IMARC Group, titled “Pectin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017- 2022”, finds that the global pectin market reached a volume of around 103 Thousand Tons in 2016, exhibiting a CAGR of 6% during 2009-2016. Pectin is a heteropolysaccharide found naturally in all fruits and vegetables. It is extracted from the peels of orange, apple, sweet lime and lemon under specific temperature, pH and time period. Pectin is a light brown coloured powder which forms a gel when mixed with water. It is used as a thickener, gelling agent, water binder and stabilizer in the food and beverage industry.
Highlights of the global pectin market:
- Diverse applications of pectin in the food and beverage industry remains the major driver for the market growth.
- In terms of raw material, citrus peel dominates the total production.
- Europe holds around a third of the total share, representing the largest market.
To view the report summary and Table of Contents, click on: http://www.imarcgroup.com/pectin-technical-material-market-report
One of the major driver for the pectin market is its usage as a thickener or jellying agent in the production of yoghurt, jam and jelly. It is also used in low-fat dairy products, bakery products, confectioneries and spreads. Moreover, the flourishing cosmetic industry helps in boosting the demand for pectin as it is used in the production of make-up foundation, personal care products and hair products. Apart from this, pectin is also used in the pharmaceutical sector as it provides certain health benefits. It is known to fight cholesterol, prostate cancer, diabetes and gastroesophageal reflux disease. Due to its diverse applications in these industries, the demand for pectin is further expected to reach a volume of around 144 Thousand Tons by 2022, growing at a CAGR of 5.7% during 2017-2022.
On the basis of raw material, citrus peel dominates the total production of pectin, followed by apple peel and other fruit and vegetable residues. On the basis of region, Europe represents the largest market, accounting for around one-third of the global share. It is followed by Asia, North America, Latin America and others. On the basis of application, jams and preserves represent the largest market for pectin, accounting for a third of the total consumption, followed by drinkable and spoonable yoghurt, bakery and confectionary, fruit beverages, and other milk drinks. Some of the key players operating in the market are CP Kelco, DuPont, Cargill, Herbstreith & Fox Corporate group, Yantai Andre Pectin and Naturex.
Request a free sample copy of the report: http://www.imarcgroup.com/request?type=report&id=644&flag=B
The report has examined the global pectin market on the basis of:
- Citrus Peel
- Apple Peel
- Jams and Preserves
- Drinkable and Spoonable Yoghurt
- Bakery and Confectionary
- Fruit Beverages
- Other Milk Drinks
- North America
- Latin America
- CP Kelco
- Herbstreith & Fox Corporate group
- Yantai Andre Pectin
Browse related reports:
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.
Company Name: IMARC Group
Contact Person: Anand Ranjan
Country: United States