Pectin Market: Global Segments, Top Key Players, Size And Recent Trends By Forecast To 2034
The pectin market is expected to expand from US$ 1,059.2 million in 2024 to US$ 1,945.8 million by 2034. The market is projected to surge at 6.3% CAGR from 2024 to 2034.
- 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.
Information Source: https://www.futuremarketinsights.com/reports/pectin-market
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 48.1% between 2024 and 2034.
- 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 2034.
- 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 2024 and 2034 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.” 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.
Major Contributors of 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)
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