The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased food and beverage consumption is likely to promote innovation in pectin manufacturing, driving the market during the forecast period.

The global pectin market is expected to grow from $1.12 billion in 2022 to $1.20 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The global pectin market size is expected to reach $1.54 billion in 2027 at a CAGR of 6.3%.

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Global Pectin Market Segments Include:

• By Type: HM Pectin, LM Pectin
• By Function: Thickener, Stabilizer, Gelling agent, Fat replacer, Other Functions
• By Raw Material: Citrus Fruits, Apples, Sugar Beet
• By Distribution Channel: Direct, Indirect
• By Application: Food And Beverage, Pharmaceuticals, Bakery, Dairy Products, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global pectin market in 2021.

Major Market Players in the pectin market include DuPont Nutrition Biosciences ApS, CP Kelco, Cargill Incorporated, Herbstreith and Fox GmbH, Naturex Inc., Lucid Colloids Ltd, Silvateam SpA, Koninklijke DSM N.V., Ingredion Incorporated.

Product innovation is a crucial trend that is gaining traction in the pectin industry. To strengthen their market position, major market players are focusing their efforts on developing novel packaging technologies. For example, in October 2021, CP Kelco US Inc., a US-based firm specialising in natural ingredients, announced the release of a one-of-a-kind product named GENU Pectin YM-SAL 200, an improved stabilising solution with an extended shelf life. It is a clean-label addition that adds viscosity to fruit-drinking yoghurt and functions as a stabiliser with increased stability and shelf life, making it more appropriate for certain uses. The distinctive feature of GENU Pectin is that it is sourced and created sustainably from citrus peels, a byproduct of juice manufacturing.

The Pectin Global Market Report 2023  provides a pectin market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The pectin market forecast analyzes pectin market size, pectin market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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