As per a research report by Global Market Insights, Inc., global pectin market is estimated to cross $1.8 billion through 2026
Driven by the growing need for plant-based ingredients, global pectin market is projected to observe significant gains over the forthcoming years. Plant-based ingredients are witnessing this upsurge since they offer immense health benefits.
As per a research report by Global Market Insights, Inc., global pectin market is estimated to cross $1.8 billion through 2026.
Highlights of the report
Apart from plant-based ingredients, rising demand for clean label processed and organic food owing to increasing health problems would further outline the market share.
In fact, dietary fibers are set to witness an upsurge in market demand. This growth can be accounted to growing instances of gastrointestinal disease due to unhealthy food habits. Growing personal care expenditure would likely add up to the growth by fostering adoption of dietary fibers in peoples’ diets.
Pectin products help to control blood sugar levels. These products also help to maintain proper bowel health. Owing to these multiple benefits, pectin products are best suited for nutritional needs, which is likely to foster their market share in the coming years.
Along with health concerns, rising applications of the product in confectionery fillings and sweet would possibly augment the market outlook. Additionally, increasing usage of pectin in fruit juices and milk drinks as a stabilizer would add up to the industry expansion. Pectin helps decrease syneresis in marmalades and jams.
The product also enhances the overall gel strength of jams that are low in calories. The usage of pectin provides flavor release and jelly structure to confectionary products. It also helps to stabilize protein drinks which enhances palatability and mouth feel. Above mentioned factors would massively drive pectin market share in coming years.
With respect to the raw material segment, apple has dominated the market outlook in recent years. The product is anticipated to witness similar growth in the forthcoming timeframe. This development is attributed to the use of apple pomace in production. Apple peel is one of the major wastes in preserve manufacturing.
This peel contains about 1.3 percent of pectin. Apple peel yields more pectin in comparison with sugar beet and citrus peels. In addition, it has better gelling characteristics which further makes it a major raw material in the beverage and food market.
With reference to geographical landscape, Asia Pacific pectin market is predicted to observe significant growth through the forthcoming years. Rapidly transforming customer lifestyle is the key factor augmenting the market outlook in the region.
In addition, the increasing demand for consumables that are organic in nature is likely to add up to the growth of the overall market trends. China would possibly lead the market expansion in the region. The country is among the largest producers of pectin. It is also observing mounting demand for health and wellness products due to the increasingly growing middle-class population. Furthermore, rising applications of citrus-based products in the cosmetics sector would further outline the market growth in the region.
All in all, the above-mentioned factors are indicative of a massive range of opportunities for pectin market players. The competitive landscape of pectin industry is inclusive of players like such as TIC Gums, Inc., Cargill, Herbstreith & Fox, Dupont, AEP Colloids, Krishna Pectins Pvt Ltd, and CP Kelco U.S., Inc. among others.