Global Pectin Market Increasing Demand and Advancements to Drive Growth

Explore the Report Ocean publication titled ‘Pectin Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032’

Analysis and Growth Projection for the Global Pectin Market:

Global Pectin Market is valued approximately USD 1.44 billion in 2021and is anticipated to grow with a healthy growth rate of more than 7.10% over the forecast period 2022-2029. Pectin is a plant-derived soluble fiber compound, found in the plants cell walls. It is mainly extracted from citrus fruits, apples, apricots, cherries, oranges, and carrots.

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However, the major raw material used to produce industrial product is apple and dried citrus peel. The Pectin market is expanding because of factors such as rising consumption of premium food & beverage products and rising prevalence of multi-functionality of pectin.

Pectin is used as a gelling & thickening agent and stabilizer in a broad range of fruit products, such as marmalades, fruit-based preparations for yogurts & desserts, and bakery products. Its prevalence has progressively increased during the last few decades. According to the Statista, Total revenue in the Food & Drink segment is projected to reach USD 0.74 billion in 2022 and expected to show an annual growth rate of 7.95% in between 2022 to 2026, resulting in a projected market volume of USD 1.05 billion by 2026. Another important component driving space rising prevalence of multi-functionality of pectin. The U.S. supply of caloric sweeteners for use in the national food and beverage industry amounted to approximately 21.15 million short tons in 2021.Moreover based on the U.S. Census data and Simmons National Consumer Survey (NHCS), 294.26 million Americans used jams, jellies and preserves in 2020. This figure is projected to increase to 302.18 million in 2024. However, the high cost of Pectin stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Pectin Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the high owing to the presence and growth of end-use applications for the product. According to the CDC, Brazil is one of the largest producers of pectin, followed by Denmark and Mexico. Furthermore, North America is expected to grow with a highest CAGR during the forecast period, owing to factors such as the growing presence of key market players in the market space.

Major market players included in this report are:

Cargill Incorporated
Ingredion Incorporated
CP Kelco
Tate & Lyle LLC
Koninklijke DSM N.V.
Naturex
Lucid Colloids Ltd.
DowDupont
Silvateam S.p.A.
Compania Espanola de Algas Marinas S.A

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Recent Developments in the Market:

In 2019, DowDuPont’s specialty products division combined its two-business division’s nutrition & health and industrial biosciences, to form DuPont nutrition & biosciences business unit. Both the business divisions are known for their innovations and strong scientific approach. This merger would accelerate the growth and innovation that would provide healthy, safe, innovative, and sustainable solutions for customers across the industries.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

Product Type
High Methoxyl
Low Methoxyl

Application Type
Bakery Fillings & Toppings
Beverages
Confectionery
Dairy Products & Frozen Desserts
Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE (Rest of Europe)
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC (Rest of Asia Pacific)
• Latin America
  • Brazil
  • Mexico
• Rest of the World

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Highlighting Key Aspects in Pectin Market Report:

Business Overview: In-depth exploration of the company’s operations and business divisions.

Corporate Strategy: Concise summary of the company’s strategic approach to business.

SWOT Analysis: Comprehensive examination of the company’s strengths, weaknesses, opportunities, and threats.

Company History: Chronological account of significant events shaping the company’s trajectory.

Key Products and Services: Catalog of prominent products, services, and brand offerings by the company.

Competitive Landscape: Identification of major competitors in the industry.

Strategic Locations and Subsidiaries: Inventory and contact details of pivotal locations and subsidiaries.

Financial Performance Analysis: Comprehensive financial ratios from the company’s annual financial statements, spanning the last five years.

Why Invest in This Report?

– Accelerate your decision-making process with rapid and time-critical insights.

– Uncover pivotal growth and investment prospects within the Pectin market.

– Make informed decisions supported by robust historical and forecast data for the Pectin market.

– Strategically position yourself to harness the industry’s maximum growth potential.

– Pinpoint crucial partners and avenues for business development.

– Gain a comprehensive understanding of your competitors’ business landscape, strategies, and future prospects.

Frequently Asked Questions:

➟ What primarily fuels the expansion of the Pectin market?

➟ What factors impede the market’s progress?

➟ Who stands out as the pivotal players in the market?

➟ Which geographical area commands the largest market share?

➟ What recent developments characterize the trends in the Pectin market?

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