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Pectin Market Size

  • Report ID: GMI4416
  • Published Date: Aug 2024
  • Report Format: PDF

Pectin Market Size

Pectin Market size was valued at USD 1.31 billion in 2023 and is expected to grow at 6.9% CAGR from 2024 to 2032. The rising demand for organic and herbal cosmetic products among the younger population, combined with the multifunctional benefits of pectin, is set to create significant growth opportunities for the global industry. Pectin, a naturally occurring polysaccharide found in plant cell walls, serves as an intercellular adhesive, binding plant cells together. In industrial applications, pectin is extracted from plant-based raw materials, such as apple pomace and citrus fruits.  

 

Market is witnessing significant growth, driven by rising demand for natural and clean-label ingredients in the food and beverage sector. Pectin, a versatile polysaccharide used primarily as a gelling agent, stabilizer, and thickener, is seeing increased application across jams, jellies, dairy products, and confectioneries. The shift towards healthier and organic food options is propelling market expansion, with consumers favoring pectin over synthetic additives.
 

Additionally, innovations in extraction technologies and a growing focus on plant-based ingredients are contributing to market dynamics. The market is also benefiting from the rise in veganism and demand for gluten-free products, further boosting pectin’s popularity. Key players are investing in research and development to enhance product functionality and cater to evolving consumer preferences. Overall, the pectin market is positioned for steady growth, driven by these evolving trends and consumer demands. 
 

The growing consumption of premium food and beverage products is significantly driving the demand for pectin, a natural gelling agent. As consumers increasingly seek high-quality and artisanal foods, the need for ingredients that enhance texture and stability becomes crucial. Pectin, which is widely used in bakery and confectionery applications, plays a vital role in achieving desirable textures and consistency in premium products. Its ability to gel, thicken, and stabilize makes it ideal for high-end jams, jellies, and baked goods, meeting the rising demand for gourmet and convenience foods.
 

Additionally, the surge in functional dairy products and other convenience foods, which prioritize health benefits and extended shelf life, further propels the need for pectin. This natural ingredient helps improve product quality and longevity, aligning with consumer trends towards both premium and functional food options.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size of pectin reached USD 1.31 billion in 2023 and will grow at 6.9 % CAGR from 2024 to 2032, due to rising demand for organic and herbal cosmetic products among the younger population

High methylated ester pectin segment will capture USD 1.52 billion by 2032, influenced by factors, such as acid type, concentration, and the content of soluble solids

Europe market is projected to achieve USD 927.6 million by 2032, driven by a youthful population's increasing consumption of cosmetic products and a rising demand for organic and herbal offerings.

Cargill, Dupont, Krishna Pectins Pvt Ltd, AEP Colloids, Silvateam S.p.a, CP Kelco U.S., Inc, and TIC Gums, Inc. (Ingredion).

Pectin Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 172
  • Countries covered: 21
  • Pages: 200
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