Increasing demand for organic, herbal, and fruit-based ingredients in food and beverages industry has resulted in high demand for pectin powder. According to a study by Future Market Insights (FMI), consumers are likely to get more health conscious especially due to the increasing cases of diabetes, obesity, and cardiac issues. Driven by consumer interest for natural ingredients, the pectin powder market is forecast to surpass US$ 390 Mn by 2021. Pectin powder contains pectin, pectolytic enzymes, carotenoids, fiber, vitamin B, proteins, and other salts in addition to vitamin C.
Consumption of food and beverages containing pectin can help in weight loss, blood sugar control, and aid in heart health. Another advantage of using pectin powder is that it gives edible and drinkable goods more consistency and viscosity. Hydrocolloids’ adhesive properties present in pectin powder allow the food product to naturally congeal its constituent ingredients. Given its impressive nutrient profile, pectin and its derivatives fit right in.
These properties of pectin powder and the growing attention of food manufacturers can result in increased demand in the global market. FMI expects the global pectin powder market to grow at 4.7% CAGR through 2031.
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Key Takeaways from the Pectin powder Market Study
- Pectin powder market is expected to rise at a CAGR of nearly 5% between 2021 and 2031
- Rising focus on health and wellness to curb the incidence of diabetes will push sales in the U.S., which will account for over 90% of the demand registered in North America
- Increasing application of pectin powder as a gelling agent in the food sector will drive sales in the U.K.
- High demand for jams and jellies make Germany and France key markets for pectin powder within Europe
- China leads Asia Pacific pectin powder market in terms of revenue. By the end of 2021, it is expected to account for over 40% sales in the region
Non-Modified Convenience Ingredient Gaining Traction
As a result of the growing health problem among people around the world, health benefits have become primary motivators for the consumption of any food and beverage items. This is followed by taste and price. As a result, customers are taking precautionary steps when it comes to the products they use. Non-GMO has become a key trend in the food sector. Consumers in North America, Europe, South Asia, and Oceania are searching for labels on products that state they are non-GMO. When shopping for foods and drinks in the United States, 30% of shoppers opt for the Non-GMO label, which is higher than the organic label, which is used by just 28% of shoppers.
Who is winning?
Some of the leading companies offering pectin powder are E. I. DuPont De Nemours And Company, Cargill, Inc., Naturex S/A, CP Kelco, Herbstreith & Fox Group, Compania Espanola de Algas S.A., Silvateam s.p.a., DSM Andre Pectin Co. Ltd., Lucid Colloids Ltd, and others.
For instance, in 2019, Cargill has launched its latest Unipectine AYD R series for acidified dairy beverages, which took a year to create and is specifically designed to deliver on main sensory buying drivers with no compromise on product stabilization.
Pectin powder – Market segmentation
On the basis of Product Type:
- High methoxyl pectin
- Low methoxyl pectin
On the basis of Application:
- Food and beverage
- Dietary supplements
- Pharmaceuticals
- Personal care and cosmetics
- Others
On the basis of Region:
- North America
- Latin America
- Europe
- Japan
- The Asia Pacific excluding Japan
- Middle East and Africa
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Key Questions Answered in the Report
- What are the key factors driving the pectin powder market?
Increasing usage of hydrocolloids in the food and beverages industry, increasing demand for natural ingredients, growing awareness regarding the benefits of pectin, rising demand for low fat food and beverages and increasing demand for packaged foods and beverages products are some of the key factors enabling growth in pectin powder market.
- What is the key application of pectin powder?
Pectin powder is mostly used in the food and beverage industry. It is expected to account for 76.8 % of the overall pectin powder market in terms of value in the year 2021.
- What are the key factors restraining pectin powder market?
Technical difficulties in procuring raw materials and processing end product, impact of price, and threat of substitutes are some of the key challenges witnessed in the pectin powder market.
- Which is the most lucrative market for pectin powder?
Currently, Europe holds the largest market share. It accounts for 38.5 % of the global market and is likely to remain dominant from 2021 to 2031.
- Which are some of the leading companies offering pectin powder?
Some of the leading companies offering pectin powder are E. I. DuPont De Nemours And Company, Cargill, Inc., Naturex S/A, CP Kelco, Herbstreith & Fox Group, Compania Espanola de Algas S.A., Silvateam s.p.a., DSM Andre Pectin Co. Ltd., Lucid Colloids Ltd, and others.
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About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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