Pectin Market revenue to hit $1.8 billion by 2026: Global Market Insights, Inc.

The pectin market value is set to achieve over 7.5% CAGR up to 2026, due to rapid demand for pectin owing to its high dietary fiber content to enhance product demand across food & beverage industry.

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Selbyville, Delaware, Nov. 15, 2019 (GLOBE NEWSWIRE) --

Global Pectin Market share is projected to surpass USD 1.8 billion by 2026, according to a new research report by Global Market Insights, Inc. Increasing demand for plant-based ingredients owing to their immense health benefits will augment the industry expansion.

Promulgating demand for organic and clean label processed foods due to arising health concerns will spur overall market growth. Consumers have also started keeping note of dietary recommendations owing to rapid shift towards preventative healthcare and lifestyle. Rising incidence of gastrointestinal diseases owing to unhealthy diet and surging personal care spending will prompt the demand for dietary fibers. Pectin products are better suited for nutritional needs since it provides multiple benefits such as proper bowel health and controlled blood sugar levels.  

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Increasing penetration in confectionery fillings and sweet and as stabilizer in milk drinks and fruit juices will supplement the market growth. Pectin reduces syneresis in jams and marmalades and enhances the gel strength of low-calorie jams. Product provides a jelly structure and flavor release to confectionary products and stabilize protein drinks which improves mouth feel and palatability.

Some major findings of the pectin market outlook report include:

  • The demand for pectin market is increasing across the globe due to changing dietary patterns and consumer preference for rich fibrous food which aids in digestive health
  • The product is widely used as an ingredient in cosmetics and personal care products for skin treatment and digestive system disorders
  • Stringent regulations and strict labelling demand in the non-standardized food products will drive the global pectin industry demand.
  • Some of the key players in the industry are CP Kelco U.S., Inc., Cargill, TIC Gums, Inc., Dupont, Herbstreith & Fox, Krishna Pectins Pvt Ltd, AEP Colloids,
  • New product development, company collaborations, capacity additions and expansion of existing manufacturing facilities are few strategies adopted by the manufacturers.

Browse key industry insights spread across 260 pages with 355 market data tables and 25 figures & charts from the report, “Pectin Market Outlook By Type (High Methylated Ester Pectin, Low Methylated Ester Pectin, and Amidated Pectin), By Raw Material (Apple, Citrus Fruits, Sugar Beet and others), By Function (Gelling agents, Thickener, Stabilizer, Fat replacer and others), By Application (Food & Beverages (Jams, Dairy, Non-Dairy Beverages, Confectionery, and others), Pharmaceutical, Cosmetics & Personal Care and others), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Turkey, China, India, Japan, South Korea, Australia, Brazil, Argentina, Saudi Arabia, South Africa, UAE), Growth Potential, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:

Apple pomace has gained significant demand as one of key source in production. Apple peel, the major waste in preserve manufacturing contains nearly 1.3% pectin. The extract yields high pectin levels when compared to citrus peels and sugar beet. Also, better gelling properties makes it a key raw material in food and beverage industry.

Growth in the Asia Pacific pectin market is primarily due to changing consumer lifestyle and rising demand for organic consumables. China is one of the biggest producers of pectin and is witnessing flourishing demand for health and wellness products owing to emerging middle class population. Growing adoption of citrus based ingredients amongst cosmetics sector is anticipated to support the regional growth.

Manufacturers in pectin industry are in process of improving their distribution network and expanding in regions with easy fruit pectin availability. Manufacturers are focusing on expansion strategies with investments primarily in Asian regions. Further key players are investing in research and development to develop citrus fruit alternatives to cater to widening product demand.

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Citrus Based Dietary Fibers Market Trends 2024: Fruit preserves market is projected to surpass 30 kilo tons by 2024. Inclination towards processed food among consumers due to changing lifestyles will support the industry demand. Strong outlook in bakery jams, high sugar as well as low sugar jams will propel the citrus based dietary fibers industry size. Fiberstar, Ceamsa, CP Kelco, Cargill, Yantai Andre Pectin and Herbstreith & Fox are among major citrus based dietary fibers manufacturers.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.