North America Pectin Market to Reach US$ 367.1 Million by 2032, Stimulated by Significant Growth in Food and Beverage Sector

July 25, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “North America Pectin Market Report by Raw Material (Citrus Peel, Apple Peel, and Others), End Use (Jams and Preserves, Drinkable and Spoonable Yoghurt, Bakery and Confectionary, Fruit Beverages, Other Milk Drinks, and Others), and Country 2024-2032,” the North America pectin market size reached US$ 250.9 Million in 2023. Pectin refers to a naturally occurring polysaccharide found in the cell walls of plants, particularly in fruits and vegetables. It is a complex carbohydrate that acts as a gelling agent, thickener, and stabilizer in various food products and culinary preparations. It is commonly extracted from citrus fruits, including oranges and lemons, as well as from apples, berries, and other sources. As a soluble fiber, it can aid in digestion, promote bowel regularity, and contribute to overall gut health. It also helps in reducing cholesterol levels and managing blood sugar levels. Due to its versatility and functional properties, pectin has become a widely used ingredient in the food industry, providing texture, stability, and nutritional benefits to a range of products, including jams, jellies, yogurts, fruit fillings, and dietary supplements.

North America Pectin Market Trends:

The increasing consumer preference for natural and clean-label ingredients is driving the North American market. As pectin is derived from fruits and vegetables, it is considered a natural ingredient and aligns well with the clean-label trend. Furthermore, the expanding food and beverage industry plays a crucial role in driving the pectin market as it finds extensive applications in a wide range of food products, including jams, jellies, bakery fillings, dairy products, and confectionery. Moreover, the growing awareness of health benefits associated with pectin consumption has fueled its market growth since pectin is a soluble fiber that can aid in digestion, promote satiety, and contribute to heart health. With the rising prevalence of health-conscious consumers, there has been an increased demand for products that offer nutritional benefits, which has positively impacted the market. Besides, the expanding pharmaceutical and personal care sectors, fuelled by factors such as population growth, increased healthcare expenditure, and rising awareness of personal grooming, have resulted in a higher demand for pectin. Looking forward, the market value is projected to reach US$ 367.1 Million by 2032, expanding at a CAGR of 4.2% during 2024-2032.

Market Summary:

  • Based on the raw material, the market has been segmented into citrus, apple, and other peels.
  • On the basis of the end use, the market has been divided into jams and preserves, drinkable and spoonable yoghurt, bakery and confectionary, fruit beverages, other milk drinks, and others.
  • Region-wise, the market has been segmented into the United States and Canada.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Raw Material, End Use, Country
Countries Covered United States, Canada
Customization Scope 10% Free Customization
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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North America Pectin Market to Reach US$ 367.1 Million by 2032, Stimulated by Significant Growth in Food and Beverage Sector
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