The pectin global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Pectin Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The pectin market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to fruit processing industry growth, rising awareness of health benefits, globalization of food trade, diversification of pectin applications, government regulations and standards..
The pectin market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to clean label movement, increased demand for low-sugar and sugar-free products, growing demand for functional foods, expansion of pharmaceutical industry, increased application in pet food industry.. Major trends in the forecast period include biodegradable packaging trends, technological advancements in extraction, research and development in pectin varieties, sustainable sourcing, adoption in nutraceuticals..
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Scope Of Pectin Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pectin Market Overview
Market Drivers –
The increasing consumption of food and beverages is expected to propel the growth of the pectin market going forward. Food and beverage refer to cooked or processed edible substances that are used for human consumption, and pectin is often included in foods and beverages as it helps to prevent spikes in blood sugar levels and manage digestive health. Additionally, food and beverage consumption are also increasing due to rising disposable incomes, urbanization, and changing lifestyles. For instance, in 2021, according to the Food and Drink Federation (FDF), a UK-based organization for food and beverage manufacturers, the food and drink industry contributed $37.3 billion (£30 billion) to the UK economy, which is 4.2% higher than the previous year and has a turnover of more than $139.27 billion (£112 billion) and accounts for 20% of total UK manufacturing. Therefore, the increasing consumption of food and beverages will drive the pectin market.
Market Trends —
Product innovation is a key trend gaining popularity in the pectin market. Major market players are concentrating their efforts on creating innovative packaging technologies to strengthen their position in the market. For instance, in October 2021, CP Kelco US Inc., a US-based company in nature-based ingredients announced the launch of a unique product called GENU Pectin YM-SAL 200, an improved stabilizing solution for a long shelf-life. It is a clean-label additive that gives fruit-drinking yogurt some viscosity and acts as a stabilizer with improved stability and shelf life, making it more suitable for certain applications. The unique characteristic of GENU Pectin is that it is sustainably obtained and manufactured from citrus peels, a byproduct of juice processing.
The pectin market covered in this report is segmented –
1) By Type: HM Pectin, LM Pectin
2) By Function: Thickener, Stabilizer, Gelling agent, Fat replacer, Other Functions
3) By Raw Material: Citrus Fruits, Apples, Sugar Beet
4) By Distribution Channel: Direct, Indirect
5) By Application: Food And Beverage, Pharmaceuticals, Bakery, Dairy Products, Other Applications
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Regional Insights —
Europe was the largest region in the pectin market in 2023. Asia-Pacific is expected to be the fastest-growing region in the pectin market report during the forecast period. The regions covered in the pectin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies —
Major companies operating in the pectin market report are 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, International Flavors and Fragrances Inc., FMC Corporation, Yantai Andre Pectin Co. Ltd, Tate & Lyle LLC, Danisco A/S, Ceamsa, B.&V.SRL, Diagnostic and Statistical( DSM), Haisheng Group, Kraft Heinz, Pomona’s Universal Pectin, JM Huber Corporation, Foodchem International Corporation, Pacific Pectin Inc., Jinfeng Pectin, Yuning Bio-Tec, Nestle S.A., PepsiCo Inc., The Coca-Cola Company, Kellogg Company, Obipektin AG .
Table of Contents
1. Executive Summary
2. Pectin Market Report Structure
3. Pectin Market Trends And Strategies
4. Pectin Market — Macro Economic Scenario
5. Pectin Market Size And Growth
…..
27. Pectin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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