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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Pectin Market Growth
Pectin has gained popularity as an ingredient in nutraceutical drinks, such as smoothies, sugar-free juices, and high-fibre drinks. Pectin's ability to aid in viscosity control and enhance the flavour release and mouthfeel of drinks and smoothies has supported its consumption. It is also used in the production of energy drinks for fitness enthusiasts, owing to its low-calorie content.
The growing awareness regarding the health benefits offered by apple pectin, such as controlling blood sugar levels, improving heart health, and increasing iron absorption, is supporting its consumption. Additionally, the rising demand for yoghurt as a source of protein and calcium is aiding the incorporation of apple pectin in yoghurt to enhance its rheological properties and storage stability.
Additionally, pectin also supports the development of plant-based food products by enhancing their texture, crucial to meet the needs of the rising vegan population.
Pectin Market Report Snapshots
Pectin Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a volume of about 86.46 KMT in 2023.
The market is expected to grow at a CAGR of 3.1% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach approximately 113.80 KMT by 2032.
The key raw materials include citrus peel, apple peel, and others.
The key regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses of pectin include jams and preserves, drinkable and spoonable yoghurt, bakery and confectionery, fruit beverages, other milk drinks, and others.
The factors driving the market growth include an increasing inclination towards clean-label foods, a rising vegan population, and increasing research and development activities.
The key players in the market include CP Kelco U.S. Inc., International Flavors & Fragrances, Inc., Cargill Inc., Herbstreith & Fox GmbH & Co. KG, and Naturex S.A, among others.
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