Pectin Market by Glorious Opportunities, Business Growth, Size, And Statistics Forecasts Up To 2032
The pectin market study done by FMI offers deep insights to the reader about the market’s today and forecasted growth. According to FMI, the pectin market is projected to grow with a CAGR of ~7.8% during 2022-2032.
According to a new study by FMI, the pectin
market value is estimated at ~US$ 998.7 Mn in 2022. The growth in
demand for pectin among consumers is primarily driven by its fat- &
cholesterol-free nature and its application as a fat substitute in the bakery
industry. The bakery industry is one of the industries that cover a wide
variety of food products and attract consumers from all age groups. In recent
years, growing health concerns among consumers has compelled bakery industry
operators to offer fat-free products, thereby potentially raising the demand
for pectin.
Moreover, the vegan nature of pectin is likely to work to
advantage of the bakery industry amid the rise of vegan culture across the
globe and notable increase in number of population preferring vegetarian diet.
“Pectin, a plant-based product, has been garnering
significant traction as a viable ingredient in the F&B industry, owing to
its natural and vegan nature. In addition to special property of binding with
the intestinal wall and protecting it from opportunistic microbial invasion
during stress, pectin offers a number of health benefits. Moreover, it is one
of the most easily available and cost-efficient products, making it ideal for
multiple applications in food, beverages, and nutraceutical industries.”
The pectin market is mainly segmented on the basis of
product, application and region:
Based on product, the pectin market is segmented as high
methoxyl pectin, and low methoxyl pectin. Low methoxyl pectin remains the most
preferred product, as it requires low sugar to form gels, unlike high methoxyl
pectin that requires high sugar levels. Although high methoxyl pectin holds
relatively low share in the market, it is expected to increase by 3-4% over the
forecast period.
Noteworthy application of pectin includes various products
such as jams & jellies, beverages, bakery filling & toppings, dairy
products & frozen desserts, confectioneries, meat & poultry products,
dietary supplements, functional foods, pharmaceuticals, personal care &
cosmetics, and others. Among these, owing to wide applications in the bakery
industry, consumption for bakery & toppings as well as jams & jellies
is likely to account for relatively high sales.
Pectin as a Solution to Various Complex Health Problems
Pectin is a solution to various health issues that were previously
unable to cure. For example, niacin is an organic chemical taken by various
consumers to supplement their diet with vitamin B3 and various important
nutrients. But, it is also known to cause skin flushing in the face and upper
body parts, which previously was treated as an allergy.
However, after deep research, it turns out that pectin helps
in curing skin flushing caused by niacin, and skin flushing is not an allergy
but a side effect of consuming more niacin. Similarly, pectin is known to treat
ulcerated mouth and throat by simply applying it in the affected areas.
Moreover, the replacement of chemicals with plant-based products in
pharmaceuticals will continue to favor the growth of the pectin market.
Key Companies Profiled:
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)
Environment-friendly Attributes Accounting for Greater
Gains
With global warming and its disastrous consequences being
constantly in the news, and plastics and other non-biodegradable products being
banned by governments, humans are on the lookout for sustainable alternatives.
Using pectin to make paper and plastic substitute is the most important and
major step that manufacturers have taken towards protecting the earth.
Pectin, owing to its gelling property, can make proper paper
plates and its plant-derived nature makes it safe for the environment as well.
Innovations using pectin can also be seen in its usage to make foams and
plasticizers. As pectin is considered safe, it is most commonly used to make
edible films so that there is no need to remove the covering and food can be
consumed directly.
Pectin Market Segmentation
Function:
- Thickener
- Stabilizer
- Gelling
agent
- Fat
replacer
- Others
Application:
- Food
& Beverage
- Pharmaceuticals
- Bakery
- Dairy
products
- Others
Frequently Asked Questions
- How
much is the Pectin market current worth?
- At
what CAGR is the market expected to grow?
- How
was the performance in the last five years?
- What
are the key trends boosting Pectin sales?
- How
are market players reacting to the new developments in the market?
- Which
are the major countries driving demand for Pectin?
- Who
are the major players in the Pectin market?
Information Source: https://www.futuremarketinsights.com/reports/pectin-market
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