The global market for fruit pectin is expected to increase from USD 971.21 Mn in 2017 to more than USD 1,58.560 Mn by the end of 2023. The industrial use of fruit pectin remains concentrated in F&B products despite its growing popularity in pharmaceutical and cosmetics industries. The global supply has continued to grow in recent years owing to the increased application of the product in the F&B industry. Pectin has become a prominent ingredient in processed dessert fillings, drinks, sweets, etc. The product is also used as a stabilizer in various types of fruit juice and milk drink as well as added in food products to increase their fiber content. The consumption of processed food has reached record highs owing to factors such as changing lifestyle and rising preference for convenience food, which is reflecting favorably on the global market for fruit pectin.
Pectin is a natural polymer and constitute a major share in natural hydrocolloids. It is extracted from the cell wall of fruits and vegetables. Fruit pectin is extracted from the peel of various fruits which majorly include citrus peels (lemons, lime and oranges) and apple pomace. They are available in two major forms including dry and liquid. Fruit pectin is used in food sector as gelling, thickening and stabilizing agent. It is also extensively used in the production of personal care products and in pharmaceuticals to stabilize the product content.
Fruit pectin market is witnessing remarkable growth owing to increasing demand for gelling agents in food products such as jellies and jams. Apart from that, growth in the manufacturing capacity of fruit pectin by major key players is supporting food & beverages industry. Furthermore, the growing demand for organic fruit pectin and increasing consumption of fruit pectin as a source of dietary fiber in fruit juices and dairy blends are certain other possible factors to support the growth of fruit pectin market. Growing health awareness among consumers for functional foods is anticipated to be one of the major factors driving the demand for fruit pectin over the forecast period. Additionally, multi-functionality of fruit pectin in different dairy and functional foods is likely to expand their application opportunity in the food industry, promoting in the growth of fruit pectin market. Furthermore, increasing consumer awareness about health & wellness, and their growing interest to adopt natural preservatives such as fruit pectin over the synthetic is also considered to be a key factor driving the growth of the global fruit pectin market.
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Latest Industry Updates:
November 2015 Fiberstar, Inc. has recently launched Citri-Fi® 100 used to provide clean label gelling properties which can replace or extend pectin within fruit prep
August 2015 Cargill Incorporated has come up with an agreement to acquire the pectin operations of FMC – including a production site in Italy
June 2013 CP Kelco has increased the production capacity of fruit pectin in Brazil in order to cater the huge demand of fruit pectin in Latin America region
Leading Key Players Analysis:
Key manufacturers are focusing to enhance its brand name by arranging various promotional activities. The company has participated in various social media promotions, events and interaction with the consumers. The manufacturers have demonstrated their new product offerings in various events & exhibitions to attract the new customers. By this strategy the product of the company will be popular among the consumers which will aid to increase the overall profitability of the company. Moreover, the key players are emphasizing in the research & development process to introduce new product also to extend the product line. Key players are introducing new fruit pectin in different flavored to increase the volume sales and also to increase the overall revenue of the company.
In addition, manufacturers focus on effective packaging design as it has noticeable impact on consumers’ shopping behavior. Packaging plays a significant role in product marketing for any business that makes or sells products and act as selling point for many consumers by delivering a sense of quality and reflect the product’s brand image. The key players profiled in fruit pectin report are Kellogg Co. (U.S.), Cargill, Inc. (U.S.), CP Kelco U.S., Inc. (U.S.), Nestle SA (Switzerland), Danone SA (Spain), Yantai Andre Pectin Co. Ltd. (China), Danisco A/S (U.S.), Pacific Pectin Inc. (U.S.), and Silvateam SpA (Italy) among many others.
Global Fruit Pectin Market has been divided into type, formulation and Region
On the Basis of type: Dry and Liquid
On the Basis of formulation: Foods & Beverages, Personal Care & Cosmetics, Healthcare, and Others
On the Basis of Region: North America, Europe, Asia Pacific, and Rest of the world
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Fruit Pectin Market is segmented into Europe, North America, Asia Pacific and Rest of the World. Among all the region, Europe region is estimated to retain its dominance throughout the forecast period of 2017-2023. Germany is the major country in Europe which is accounting for 34% market proportion in the year of 2017 and the trend is expected to continue throughout the forecast period of 2017-2023. This is attributed to the various factors. High consumption of processed food is anticipated to be the significant factors for the rising growth of fruit pectin market in Germany. North America is estimated to account for the 25% market proportion in the global fruit pectin market in the year of 2017. U.S. is the major country in North America region which is accounting for significant market proportion during the forecast period of 2017-2023. However, Asia Pacific region is projected to witness highest growth during the forecast period. The growth of the Asia Pacific region is anticipated to be driven by the increasing disposable income of the consumers coupled with the increasing consumption of jellies and jams.
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