The rising popularity of Nature-Derived Pectin along with the Easy-to-understand Label Availability fuels the Pectin Market, FMI records a CAGR of 5.1% by 2033

NEWARK, DELAWARE, UNITED STATES OF AMERICA, November 17, 2023 /EINPresswire.com/ -- The pectin market is anticipated to thrive at an average CAGR of 5.1% between 2023 and 2033. The market is anticipated to cross a market share of US$ 1.5 billion by 2033 while it holds a revenue of US$ 890.9 million in 2023. 

The changing bakery norms and higher usage of naturally derived dough settings agents are fueling the demand for pectin. Furthermore, the expanding packaged food industry consumes most of the pectin market.

The restoration of the FMCG industry coupled with the higher sales of packaged food items are flourishing the sales of pectin globally. Advanced vendors produce highly organic pectin that is naturally extracted.

New outlets and products producing jams and jellies with flavor twist demand a condensing agent. Pectin works perfectly in these conditions and offers efficient results.

Pectin’s water-binding ability and emulsifying properties work meat products for mutations while thickening with its gel-like properties.
Advanced apple and citrus-based pectin is known to promote gut health, help in weight loss, control blood sugar, aid heart health, and relieve diarrhea and constipation. This fuels the demand for pectin from across the verticals.

The cheaper cost coupled with easy availability makes it suitable for industrial use as an emulsifying agent, expanding the pectin market size.
The higher consumption of pectin is through bakery filling & toppings and hence the growth of bakeries and their chains all over the words is expected to flourish the sales of pectin globally.

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Key Points

The U.S. market holds the biggest pectin market and is anticipated to cross a value of US$ 129.6 million by 2033. The regional market is expected to thrive at an elevated 4.1% between 2023 and 2033.

The Japanese market thrives at the highest CAGR of 6.9% during the forecast period. The market is likely to reach a value of US$ 94.8 million by 2033.

The high methoxyl pectin segment is expected to thrive in the product category because of the wider applications and easy extraction through specific fruits. It is expected to thrive at a CAGR of 5.9% during the forecast period.

The jams & jellies segment thrives the highest in the source-type segments with a CAGR of 5.6% between 2023 and 2033 due to the higher demand for
confectionery products that are naturally derived and organic.

“The findings underscore the escalating demand for pectin across various applications, illuminating its significance in product development and consumer preferences. The study positions pectin as a key ingredient driving innovation and market growth, offering valuable insights for industry stakeholders seeking to navigate the evolving landscape." opines Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competitive Landscape

The key players focus on enhancing the organic content in pectin usage. Also, the sales of industry-specific pectin are likely to expand the pectin market size. Furthermore, the pectin blends in the market are promoting its usage across the verticals, making it the first choice as vendors limit the price and make it accessible. The Key Players in the market are Ingredion Incorporated, Cargill Incorporated, CP Kelco, Tate & Lyle LLC, Koninklijke DSM N.V., Naturex, Lucid Colloids Ltd., DowDupont, Silvateam S.p.A., and Compañía Española de Algas Marinas S.A (CEAMSA)

For instance:

CP Kelco has introduced its new batch of pectin powder that is organically derived and is ready to use as a gelling, thickening, stabilizing, and pH-balancing agent. These GENU pectin are differentiation in two types--High methylester (HM), Low methylester (LM).
Cargill Incorporated adds nature-derived pectin with nutritional benefits for bakery’s fruity items, dairy & non-dairy drinks, fermented dairy, gummies, jellies and jam.

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Major Contributors to the Pectin Market are

Cargill Incorporated
Ingredion Incorporated
CP Kelco
Tate & Lyle LLC
Koninklijke DSM N.V.
Naturex
Lucid Colloids Ltd.
DowDupont
Silvateam S.p.A.
Compañía Española de Algas Marinas S.A (CEAMSA)

Key Segments

Product Type:

High Methoxyl Pectin
Low Methoxyl Pectin
Amidated
Non-amidated

Application:

Bakery Fillings & Toppings
Beverages
Confectionery
Dairy Products & Frozen Desserts
Dietary Supplements
Functional Food
Jams & Jellies
Meat & Poultry Products
Personal Care & Cosmetics
Pharmaceutical

By Region:

North America
Latin America
Europe
Asia Pacific (APAC)
The Middle East & Africa (MEA)

Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives. She has exceptional analytical skills and often brings thought leadership to the table.

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The global pectin powder market is set to relish a market valuation of US$ 429.5 million in 2023, Demand for pectin powder is likely to develop at a CAGR of 4.3% between 2023 and 2033, reaching around US$ 652.1 million by 2033.

In 2022, the global clean label pectin market was estimated to have acquired US$ 118.89 million. Changing consumer preferences towards natural ingredients in their food will aid the market to reach a sum of US$ 221.8 million by 2033, garnering a CAGR of 6% during the forecast period, 2023 to 2033.

Ankush Nikam
FMI
+91 90966 84197
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