Global Pectin Market to Reach US$ 1,704 Million by 2028, Catalyzed by Diverse Applications

The latest report by IMARC Group, titled “Pectin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the global pectin market size reached US$ 1,080 Million in 2022. Pectin, with the molecular formula C₆H₁₀O₇, is a structural heteropolysaccharide that is mostly found in ripe fruits. It is available in the form of solid powder, white to light brown in color, which is soluble in pure water and insoluble in alcohol and inorganic solvents. Commercially, pectin is obtained by aqueous extraction from edible plant materials, such as apple pomace and citrus peel. It is a high source of fiber and is known to lower cholesterol levels and control diarrhea among children.

Global Pectin Market Trends:

Pectin is widely used as a gelling, stabilizing and thickening agent in a variety of fruit-based products, such as marmalades, jellies, jams, fruit filling for bakery products and fruit preparations for desserts and yogurts. Along with this, the usage of pectin has increased in wound healing preparations, specialty medical adhesives and as a natural structure provider for pastes, oils, and creams. Owing to this, there has been a rise in the demand for pectin in the pharmaceutical and cosmeceutical sectors, wherein it is utilized to boost the viscosity and stability of gels or creams. Moreover, researchers are focusing on developing numerous methods for improving the efficiency of the pectin extraction process. Some of the other factors bolstering the market growth are the increasing demand for natural and organic ingredients, growing health concerns and the changing preferences of consumers toward functional foods. Looking forward, the market value is projected to reach US$ 1,704 Million by 2028, expanding at a CAGR of 8.4% during 2023-2028.

Summary:

• Based on the raw material, the market has been segmented into citrus, apple and other peels. At present, citrus peel are the most popular raw material used for pectin production, as they contain around 20-30% of pectin.
• On the basis of the end use, the report finds that jams and preserves currently represent the largest end use segment of pectin, as it preserves their fresh flavor and maintains their natural color. Other major segments are drinkable and spoonable yogurt, bakery and confectionery items, fruit beverages and other milk drinks.
• Region-wise, Europe exhibits a clear dominance in the market. Other major regions include North America, Asia and Latin America.
• The competitive landscape of the market has been examined with some of the key players being CP Kelco U.S., Inc., Cargill, Incorporated, DuPont de Nemours, Inc., Herbstreith & Fox GmbH & Co. KG, Yantai Andre Pectin Co., Ltd. and Naturex S.A.

Report Scope:

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