Pectin Market Is Anticipated To Record A CAGR Of 8.1% Over The Forecast Period 2018-2027|Industry Size, Share, Production and Consumption

Pectin is a heterogeneous structure of polysaccharides in the fruits and vegetables. The pectin is produced from the waste of apple and citrus peel. The pectin is used as a thickener, stabilizer and an emulsifier. Pectin is also used as gelling agent in food products such as jam and jellies. It is also used in sweets, dairy products, bakery items and others. It is a natural source of protein for human diet and also provide various nutrients and proteins. Pectin is used as dietary fiber and has various health benefits associated with it. Additionally, pectin is widely used in pharmaceuticals and cosmetics industry.

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Market Size and Forecast

The global pectin market is observing vibrant growth on account of increasing demand from confectionary and dairy products, thereby driving the demand for pectin. Additionally, rising food industry coupled with the increasing research and development in the industry is projected to drive pectin market across the globe.

The market segmented into function type and application. The pectin market is highly driven by the thickener segment on the account of high application of pectin in food and beverage industries during the forecast period. The application segment is anticipated to be dominated by the dairy products on the back of high usage of pectin in various food items such as yogurt, desserts, smoothies and others during the forecast period.

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As per Organisation for Economic Co-operation and Development, the global consumption of dairy products increased from 411,173 tonnes in 2015 to tonnes in 2016, 414,687 tonnes in 2017, 426,228 tonnes in 2018 and 435,805 tonnes in 2019. The rise in dairy product consumption is expected to drive

the demand for pectin market by the application in numerous dairy products. Pectin market is anticipated to record a CAGR of 8.1% over the forecast period.

Leading Companies of Global Market

DuPont, B&V srl, Ceamsa, Yantai Andre Pectin Co. Ltd., CP Kelco, Naturex, Silvateam, Tate & Lyle, Herbstreith & Fox and other key players.

Growth Drivers

Rising consumption of dairy product coupled with rising disposable income is expected to boost the pectin market in the developing regions. Additionally, increasing derivatives of dairy products coupled with the rising trend for consuming healthy food is driving the pectin market during the forecast period. Moreover, the rising health awareness has shifted the focus towards consuming dairy products on regular basis. This is expected to drive the pectin market during the forecast period.

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The rising application of emulsifying agent in the cosmetics industry is expected to drive the pectin market during the forecast period. Additionally, it is used as a stabilizer in the cosmetics which is anticipated to propel the demand for pectin during the forecast period. The high demand for cosmetics among the working women population is driving the market growth of pectin in the forthcoming years.

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