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The global pectin market reached a volume of 81,802 Tons in 2020.
The expanding food processing sector has increased the usage of pectin as a stabilizing and thickening agent in bakery products, confectionery, fine foods, spreads, etc. This is one of the factors driving the global pectin market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for pectin, thereby limiting the product demand.
Based on the raw material, the global pectin market has been bifurcated into citrus peels, apple peels, and others. Currently, citrus peels hold the majority of the total market share.
Based on end use, the global pectin market can be divided into jams and preserves, drinkable and spoonable yogurt, bakery and confectionery items, fruit beverages, dairy-based drinks, and others. Among these, jam and preserves represent the largest segment.
On a regional level, the market has been classified into the Europe, Asia, North America, Latin America, and others, where Europe currently dominates the global market.
Some of the major players in the global pectin market include CP Kelco, Dansico, Cargill, Herbstreith & Fox Corporate group, Obipektin AG, and Yantai Andre Pectin.
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