The fruit pectin market is supposed to extend at a consistent CAGR of 5.6% every year, with a normal worth of US$ 1,470.5 million out of 2032. The significant fruit pectin market is Europe. Be that as it may, during the beyond a decade, pectin has been increasingly more popular all over.
Pectin is a naturally occurring polysaccharides substance found in apples, lemons, oranges, berries and other fruits. Mostly, unripe fruits have more pectin compared to ripe fruits. When pectin is heated with sugar, it acts as a gelling agent, stabilizer and thickening agent in foods. Around 90% of the fruit pectin is used in the food & beverage industry followed by healthcare, personal care, cosmetics, and other packaging purpose.
Fruits that contain high pectin includes blackberries, apples, cape gooseberries, cranberries, and grapes. Moreover, fruits that have low pectin are blueberries, apricots, peaches, pears, rhubarb, and strawberries. Fruit pectin is used as a food additive with more than 65% of galacturonic acid content in it.
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Additionally, it can extract more than 80% of esterification compared to 75% by citrus pectin. Fruit pectin is useful for patients suffering from high cholesterol, prostate cancer, and diabetes. Fruit pectin helps in maintaining lower blood sugar levels as fruit pectin delays the absorption of glucose in the body.
Fruit Pectin Market: Drivers and Restraints
Fruit Pectin market are witnessing maximum growth owing to rising demand for gelling agents in foods such as jellies and jams, increasing in fruit pectin manufacturing capacity by major players, expanding food & beverages industry, growing applications of fruit pectin in meat & poultry related products, bakery and many more.
Moreover, organic and inorganic growth by key players, rising consumption of fruit pectin as a source of dietary fiber such as fruit juices and milk drinks are some other factors expected to flourish the Fruit Pectin market.
However, substitute products to fruit pectin such as xanthan & guar, unfavorable climate patterns, decreasing consumption of lime juice, scarcity in the supply of important raw material such as citrus peel lead to increase in the lead time in manufacturing fruit pectin, rising in the price of fruit pectin along with processing cost, and occurrence of devastated a citrus greening disease may hamper the growth of fruit pectin market in near future.
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Fruit Pectin Market: Overview
Oranges are the major source of fruit pectin sourced from Brazil followed by apple pectin produced mainly in Europe. Apple pectin is a good alternative to citrus pectin.
The increase in the application of fruit pectin in sweets, medicines, fillings, and toppings is expected to expand the fruit pectin market revenue growth in near future.
Based on application, dairy & frozen product is the fastest growing segment in fruit pectin market during the forecast period owing to rising fruit pectin applications as thickener and stabilizer in yogurts, drinks, and ice creams. Based on the end user, food & beverages industry is expected to witness significant growth in fruit pectin market in the near future owing to increase in the consumption of functional food products and rising scope of fruit pectin in various applications.
Fruit Pectin Market: Region-wise Outlook
Depending on the geographic region, fruit pectin market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and the Middle East & Africa. North America dominates the fruit pectin market followed by Europe, Asia-Pacific and Japan owing to the presence of larger producer of fruit pectin, high consumption of processed food, advanced technology, high disposable income, rising demand for diet carbonated drinks and sugar-free products in these regions.
Asia Pacific, Middle East, and Africa hold huge potential and show substantial growth in terms of rising demand for functional foods, growing health awareness among the population, rising demand for low fat and calorie food products, and new product development in these regions.
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Fruit Pectin Market: Key Players
Some players of fruit pectin marketare CP Kelco, Cargill Inc., Devson Impex Pvt. Ltd., Nestlé S.A., Danone S.A., Unilever, Kellogg NA Co., Yantai Andre Pectin Co. Ltd., Danisco A/S, and B&V srl.
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It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material and applications.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina)
- Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
- Eastern Europe (Russia, Poland)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
Explore FMI’s Other Extensive Reports of Food & Beverage:
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Citrus Pectin Market Size : The global Citrus Pectin market is estimated at US$ 116.9 Bn in 2022 and is projected to reach US$ 183.9 Bn by 2032, at a CAGR of 4.6% from 2022 to 2032.
Pectin Market Forecast : The pectin market is valued at nearly US$ 921 Mn in 2021. The market is likely to grow at a CAGR of 7.8% through 2032 with a projection value of US$ 1.6 Bn.
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The post North America is the largest region for Fruit Pectin Market and the ongoing trend is expected to run across the forecast period of 2022-32. Get insights from FMI appeared first on Future Market Insights.
