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Report Overview
The global pectin market reached a volume of about 86.46 KMT in 2023. The market is further expected to grow at a CAGR of 3.10% in the forecast period of 2024-2032 to reach approximately 113.80 KMT by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Due to its health benefits, pectin supplements are used to prevent and control high cholesterol, hypertension, diarrhoea, heartburn, cancer, and prediabetes, among others.
- The popularity of pectin is rising owing to consumer demand for nature-derived, easy-to-understand labels.
- Research on sustainably extracting pectin from fruit sources and fruit wastes other than apple and citrus peels will potentially help in reducing waste from the food processing sector.
Pectin Market Share
Based on raw material, citrus peel accounts for a significant share of the market
Pectin produced from citrus peels is known to possess excellent gelling, thickening, water-holding, and encapsulating properties, due to which, it finds applications in food processing and preservation, drug and therapeutic agents, as well as in cosmetics, and personal care products.
Due to growing health concerns, the consumption of supplements is rising. Supplements made of apple peel pectin are a great source of nutrients and offer health benefits, such as good gut health, healthy weight, reduced degeneration of hair and skin cells, aids in managing blood sugar levels, and boosts heart health.
Based on end use, jams and preserves are the major contributors to the pectin market revenue
Pectin is commonly used in marmalades, jams, and jellies as it produces a desirable gelatinous texture when cooked at a high temperature with acid and sugar. With the rising trend of using clean, label friendly ingredients, pectin is finding applications in eliminating the requirement for calcium salts to improve the texture of even low-sugar homemade jellies and jams.
The rising consumption of low-sugar fruit beverages, yoghurts, and other milk drinks amid the growing health consciousness is surging the use of pectin to improve their taste profile and mouthfeel.
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 3.10% 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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124