IMARC Group has recently released a new research study 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: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
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. The increasing product application across the thriving F&B industry due to its favorable physical and chemical characteristics, the rising demand for ready-to-eat (RTE) and packaged food products, and the growing demand for natural and clean labeled products due to escalating consumer concerns about the adverse health effect of synthetic additives represent some of the key factors driving the market.
Global Pectin Market Trends:
The increasing consumer inclination towards plant-based and vegan diets, boosting the demand for pectin in plant-based yogurts, desserts, and meat alternatives, is creating a positive outlook for the market growth. Additionally, the increasing application of pectin's functional properties in nutraceuticals and biomedical applications, such as its prebiotic effects, cholesterol-lowering potential, and anti-cancer properties, are bolstering the market growth. Moreover, the widespread exploration of alternative and sustainable sources of pectin to reduce reliance on traditional citrus and apple sources and utilize agricultural by-products, thereby supporting waste reduction and promoting circular economy principles, is acting as a growth-inducing factor.
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Factors Affecting the Growth of the Pectin Industry:
- Increasing Product Demand in Food and Beverage (F&B) Industry:
The escalating demand for pectin within the food and beverage (F&B) sector is one of the major factors bolstering the market growth. Moreover, the increasing product utilization as a gelling agent, thickener, and stabilizer in a variety of food products, such as jams, jellies, and dairy products, is creating a positive outlook for the market growth. Besides this, the rising consumer preference for natural ingredients over synthetic additives, boosting the application of pectin in various food products, is acting as a growth-inducing factor. Furthermore, the ongoing trend of health-consciousness, prompting consumers to adopt products that offer nutritional benefits, including reduced sugar and enhanced fiber content, is driving the market growth.
- Growing Awareness About Pectin’s Health and Nutritional Benefits:
The heightened recognition of pectin due to its rich dietary fiber content, is a major factor positively impacting the market growth. Moreover, the growing product association with various health benefits, including improved digestive health, lowered cholesterol levels, and regulated blood sugar levels, is creating a positive outlook for the market growth. Additionally, the ongoing research and development (R&D) activities aimed at exploring novel health benefits of pectin and expanding its applications in the nutraceutical sector are contributing to the market growth. In addition to this, the expanding body of scientific research that highlights the product’s potential anticancer properties and its role in immunity boosting is amplifying the market growth.
- Rapid Technological Advancements and Innovation:
The widespread adoption of advanced technologies, which allow for the extraction of high-quality pectin from a variety of sources, including citrus peels and apple pomace, is creating a positive outlook for the market growth. Moreover, rapid innovations in the modification of pectin structure and its formulation that enable the development of customized pectin products, such as tailored gelling properties and controlled delivery systems in pharmaceuticals, are contributing to the market growth. Additionally, the continuous exploration of new sources and the development of eco-friendly extraction methods that align with sustainability trends and the circular economy concept are opening growth avenues for the market. Furthermore, the widespread integration of nanotechnology in pectin modification, leading to the development of nano-pectin delivery systems for targeted drug delivery, is fueling the market growth.
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Key Companies:
- CP Kelco (J.M. HUBER Group)
- DuPont de Nemours, Inc.
- Cargill Incorporated
- Herbstreith & Fox GmbH & Co. KG
- Naturex SA
- Yantai Andre Pectin Co. Ltd.
Pectin Market Report Segmentation:
By Raw Material:
- Citrus Peel
- Apple Peel
- Others
Citrus peel accounted for the largest market share due to its abundant availability, high pectin content, and favorable gelling properties.
By End Use:
- Jams and Preserves
- Drinkable and Spoonable Yoghurt
- Bakery and Confectionary
- Fruit Beverages
- Other Milk Drinks
- Others
Jams and preserves represented the largest segment as pectin is essential for achieving the desired texture and consistency in the products, coupled with its alignment with the rising consumer preferences for natural and clean-label ingredients.
Regional Insights:
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Europe's dominance in the pectin market is attributed to its long-standing tradition of pectin usage in food industries, imposition of stringent food quality regulations that promote natural ingredients, and high consumer awareness regarding the health benefits of pectin.
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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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