The Pectin Global Market Report 2023, provides comprehensive information on the pectin market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global pectin market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pectin market size is expected to reach $1.54 billion in 2027 at a CAGR of 6.3%.
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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 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
Europe was the largest region in the pectin market in 2022.
The table of contents in TBRC’s pectin market report includes:
- Executive Summary
- Pectin Market Characteristics
- Pectin Market Trends And Strategies
- Pectin Market – Macro Economic Scenario
- Pectin Market Size And Growth
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- Africa Pectin Market
- Pectin Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Pectin Market
- Pectin Market Future Outlook and Potential Analysis
- Appendix
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