Pectin Powder Market | One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2027

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 In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for pectin powder. The report tracks the global sales of pectin powder in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and pectin powder in particular.

Pectin belongs to the group of hydrocolloids derived from citrus fruits and apples that is used as a gelling agent in food and a variety of other purposes. Pectin powder is widely used in the production of jams and jellies. Besides this, its consumption has been associated with a number of health benefits, including joint pain relief, arthritis treatment, inflammation treatment, digestive aid, and so on. Pectin powder is a polysaccharide carbohydrate found in and around the cell wall.

Gum hydrocolloids, like pectin powder, xanthan gum, guar gum, gellan gum, gelatin and others find application in different functional foods as they help to improve stability and provide viscosity to food and beverages.  Hydrocolloids is used to convert food products into their semi solid food components due to their adhesive nature. Use of gum hydrocolloids in processed food is expected to result in rise of pectin powder globally.

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Increasing interest in organic, herbal, and fruit-based goods, resulting from rising cases of diabetes, obesity, and cardiac issues will fuel the demand for pectin powder. The advent of ‘superfruits,’ a concept that refers to highly nutritious fruits, exemplifies this. More 25,000 super fruit-derived products are available in the market today. Given the pectin’s impressive nutrient profile, pectin and its derivatives fit right in. Pectin powder contains pectin, pectolytic enzymes, carotenoids, fiber, vitamin B, proteins, and other salts in addition to vitamin C. From a market standpoint, the fruit’s low calorie and fat-free nature make it appealing.

Pectin-based goods are comparatively more expensive due to their exotic and export-dependent nature. When compared to synthetic vitamin C, the high price is due to higher production costs. This further limits their appeal to a selective group of people, such as those who live in cities and earn a lot of money. This is a restraining factor which reduces the demand of pectin powder.

“Manufacturers are tilting towards the use of pectin powder in the production of non-alcoholic beverages and as a flavorless additive to improve the consistency of packaged food such as jams & jellies, a trend which is majorly influencing the pectin powder adoption,” says the FMI analyst

Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-13141

Key Takeaways

  • High methoxyl pectin powder is expected to hold over 55.5% market share through 2021
  • In terms of end-user, food & beverage industry is accounted for 76.8% of market share in terms of value through 2021
  • The U.S. is expected to hold the largest market share and is slated to increase at over 3.7% CAGR through 2031
  • India is poised to register excellent growth of 9.7% CAGR on the back of recent supply chain developments within food & beverage industry
  • Increased usage of pectin powder in Brazil as a key ingredient in jams & fruits spread is spurring the sales
  • Countries such as U.K., China, France and Germany are expected to witness high demand of pectin powder from food & beverage industry

Competitive Landscape

Leading manufacturers are relying on new product launches that matches the consumer requirement and regulatory policies for vegan, preservatives-free and halal food. Reluctance for processed foods have compelled the key players to manufacture products with natural ingredients, spurring the manufacturing of pectin powder.

Key players are also adopting various organic & inorganic strategies such as targeted collaboration and divestiture of assets to improve the operational efficiency of the company. For example, Givaudan in September 2020 announced that it has divested its pectin business, a part of the Naturex portfolio, to Herbstreith & Fox Group, to strengthen the former company’s business.

Another leading player CP Kelco, in December 2020, launched GENU Pectin YM-FP-2100, a new pectin product to improve and add medium-to-high viscosity in the fruited drinking yogurt.

Some of the prominent pectin powder manufacturers profiled by FMI 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 SPA
  • DSM Andre Pectin Co. Ltd.
  • Lucid Colloids Ltd.
  • Others

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