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Dubai, UAE, May 26, 2021 / PRNewswire /-A report from Future Market Insights, an ESOMAR-certified consulting company Global pectin powder market According to its latest report, by 2021, this number is likely to exceed one million U.S. dollars and grow at an impressive compound annual growth rate.
The growing demand for high methoxy powders in the food and beverage industry is attributed to its texture and gelling properties, which may lead the market forward. In the past, the increase in the consumption of pectin powder in the production of jam and jelly has brought considerable growth to the market.
The rising preference for organic and natural foods has prompted manufacturers to increase the use of pectin powder. Taking into account the nutritional content of pectin, pectin and its derivatives are widely used in the production of jam and jelly. Moreover, advantages such as providing a longer shelf life, being rich in vitamin C, and the ability to improve the consistency and texture of the product are driving the demand for pectin powder.
In addition, strict regulatory policies regarding the use of prohibited food ingredients (such as phosphate and carrageenan) are increasing the use of pectin powder as a safer alternative. In addition, the increasing demand for processed foods with low fat and less preservatives is improving the demand for pectin powder.
Therefore, food manufacturers are increasing the use of pectin in beverages and food due to its organic and natural qualities.With the support of these factors, the global pectin powder market is Compound annual growth rate of 4.7% During the forecast period of 2021 and 2031.
“Manufacturers tend to use pectin powder in the production of non-alcoholic beverages and use it as an unflavored additive to improve the consistency of packaged foods such as jams and jellies. This trend mainly affects the adoption of pectin powder.” FMI analyst
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Important points
- High methoxy pectin powder is expected to maintain 55.5% Market share by 2021
- In terms of end users, the food and beverage industry accounts for 76.8% Market share by value by 2021
- The United States is expected to occupy the largest market share and is expected to grow at a rate of more than 50%. Compound annual growth rate of 3.7% By 2031
- India Promising growth 9.7% compound annual growth rate Benefit from recent supply chain developments in the food and beverage industry
- Increased use of pectin powder in food Brazil As the main ingredient of jam and fruit puree, it is stimulating sales
- Britain and other countries, China, France with Germany It is expected to see a large demand for pectin powder in the food and beverage industry
Competitive landscape
Leading manufacturers rely on new product launches that meet consumer requirements and are vegan, preservative-free and halal food regulatory policies. The reluctance of processed foods forces major players to produce products with natural ingredients, thereby stimulating the production of pectin powder.
Key players also adopt various organic and inorganic strategies, such as targeted collaboration and asset divestiture, to improve the company’s operational efficiency.For example, Givaudan in September 2020 Announced that it has divested its pectin business (part of the Naturex product portfolio) to Herbstreith & Fox Group to strengthen the business of the former company.
CP Kelco, another leading player December 2020, Launched GENU Pectin YM-FP-2100, which is a new pectin product that can improve the viscosity of fruity drinking yogurt and increase the medium to high viscosity.
Some well-known pectin powder manufacturers selected by FMI include:
- EI DuPont De Nemours
- Cargill
- Naturex S / A
- CP Kelco
- Herbstreith & Fox Group
- Compania Espanola de Algas SA
- Silvateam SPA
- DSM Andre Pectin Co., Ltd.
- Lucid Colloid Co., Ltd.
- other
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More insights on the global pectin powder market
Future Market Insights provides an unbiased analysis of the pectin powder market in its latest research, and provides historical demand data (2016-2020) and forecast statistics for the period from 2021 to 2031. The research reveals fascinating insights into the pectin powder market based on the detailed breakdown of the following aspects:
Product Category:
- High Methoxy Pectin
- Low Methoxy Pectin
application:
- food and drinks
- Dietary Supplements
- Medicine
- Personal care and cosmetics
- other
area:
- North America
- Latin America
- Europe
- Japan
- This Asia-Pacific Excluded Japan
- middle East with Africa
Key issues covered in the report
- How will the market for pectin powder expand to 2031?
- Which top companies are leading the global pectin powder market?
- What are the main driving factors and trends that stimulate the sales of pectin powder?
- What will affect the sales of pectin powder market?
- During the entire forecast period, which region will be the most profitable region?
- What is the impact of Covid-19 on the pectin powder market?
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Explore FMI’s extensive coverage in the food and beverage sector
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving customers in more than 150 countries. International Monetary Fund Headquartered in DubaiAnd in the United Kingdom, the United States and India. FMI’s latest Market research report Industry analysis and corporate analysis can help companies feel confident in the fierce competition, clearly respond to challenges and make important decisions. Our customized and joint market research reports provide actionable insights that can drive sustainable growth. The analyst team led by FMI’s experts constantly tracks emerging trends and events in a wide range of industries to ensure that our customers are prepared for the ever-changing needs of consumers.
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