Pectin Market is valued at USD 1121.89 Billion in 2019 and expected to reach USD 1579.66 Billion by 2026 with the CAGR of 6.04% over the forecast period.
Pectin is a unique fiber found in fruits and vegetables and is a type of starch, called heteropolysaccharide, which occurs naturally in the cell walls of fruits and vegetables and gives it a structure. Pectin is a component in natural and commercial jelly production, like jelly and jam, so if there is no pectin, jelly and jam will not gel. Certain fruits, such as apples and quince, as well as the peel, seeds and citrus membranes are naturally rich in pectin. Commercial pectin is usually made from citrus peel which is sold as a dry, liquid powder and is expensive. Pectin fiber is not only a regulator, it is also a beneficial fiber for the human body, which is soluble in water and helps lower cholesterol and improves digestive health. Pectin can increase the viscosity and volume of stool and can naturally relieve constipation and diarrhea. Pectin is used in the food industry as a gelling agent (for jams and jellies), or as a stabilizer (for confectionery, juices and milk drinks), mainly extracted from apple pulp or citrus peels, and sold as a white to light brown powder. It can also be used as a source of fillings, medicine, laxatives, throat lozenges, candy, fruit juice, milk drinks, and dietary fiber.
Global Pectin market is segmented on the basis of type, function, application and by region. Based on type, the market is segmented into high methoxyl (HM), low methoxyl (LM). Based on function, the market is segmented into thickener, stabilizer, gelling agent, fat replacer, others. Based on the applications, the market is segmented into food & beverage, bakery, cosmetics, dairy products, pharmaceutical.
The regions covered in this Pectin market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Pectin market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key players of the Pectin market are,
DuPont Nutrition & Health
Herbstreith & Fox
Devson Impex Private Limited
Yantai Andre Pectin Co. Ltd.
Pectin Market Dynamics-
The increase in consumption of dairy products and increase in disposable income will stimulate the growth of global pectin market. In addition, awareness has shifted attention to frequent consumption of dairy products and the tendency to consume healthy foods is increasing, which has boosted the development of the pectin market. As per National Dairy Development Board (NDDB), the demand for milk products is likely to reach around 180 million tonnes by 2022. Pectin is a fruity product derived from all plant cell walls and is free of fat, cholesterol and contains 36% fiber. The demand for plant based products is expected to increase during the forecast period, which will have a positive impact on the growth of the pectin market. However, the shortage of raw materials due to the lack of good climatic conditions for citrus fruits in various geographical regions should increase the price of pectin. This is expected to hinder the growth of the pectin market during the forecast period. There are considerable opportunities in usage of Pectin in the pharmaceutical industry and cosmetic industries so as to improve the viscosity and stability of gels or creams.
Asia pacific is expected to Witness the Fastest Growth in the Global Pectin Market
Europe has been the market leader so far and is expected to remain dominant in future as well in the Global Pectin market due to rising food and beverage consumption. There has also been increase in the adoption of healthy food habits in this region. As per a report published by fooddrink Europe, 13.8% of the total expenditure is spent on food and beverage products in Europe, while it was largest manufacturing sector in EU with a turnover of around €1109 billion. Also, the large excessive application of pectin in many end-use application industries is expected to fuel the market growth of the pectin. The Asia Pacific region is expected to become the fastest growing market over the forecast period. Emerging countries such as India and China are witnessing high consumption of food and beverages, change in lifestyle as well as food preferences coupled with increasing consumption of dairy products is expected to boost the market in the Asia Pacific region. According to Food and Agriculture Organization (FAO), the consumption of dairy products in India is expected to grow by 2.3% per year, reaching 108kg per capita in year 2028.
Key Benefits for Global Pectin Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Pectin Market Segmentation:–
By type:- High methoxyl (HM), Low methoxyl (LM),
By function:- Thickener, Stabilizer, Gelling Agent, Fat Replacer, Others
By Application:- Food & Beverage, Bakery, Cosmetics, Dairy Products, Pharmaceutical
Regional & Country Analysis
North AmReerica, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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