Global Fruit Pectin Market – Trends & Forecast, 2016-2022
Pectin is a soluble fiber extracted from the cell wall of fruits & vegetables. Fruit pectin is derived from the peel of various fruits, including apple, pears, plums, oranges, and others. It is a natural polymer largely used in pharmaceuticals for the preparation of medicines. Moreover, it is used in personal care products to stabilize the product content. It is extensively used as a gelling, thickening, and stabilizing agent in the food industry.
Rising health awareness among consumers for functional foods is driving the growth of the fruit pectin market. Increasing usage of stabilizing agents in various industries is boosting the growth of the market. Moreover, there is a growing demand for organic products, which has opened doors for fruit pectin in various industries. Moreover, the cosmetic industry is more inclined towards using fruits as natural ingredients, thus, propelling the demand for fruit pectin in personal care products.
The global fruit pectin market is segmented into North America, Europe, Asia Pacific, and Rest of the world. Among these, Europe is expected to dominate the market throughout the forecast period, owing to healthy economic growth and rising consumption of fruit pectin in the region. However, the Asia Pacific region, including countries such as China, India, Japan, and countries in Southeast Asia, is also expected to have a substantial growth during the forecast period from 2017 to 2022. In addition, Asia Pacific has lower labor cost as compared to North America and Europe, which makes it an opportunistic market for fruit pectin manufacturers.
The global fruit pectin market has been segmented on the basis of type into dry fruit pectin and liquid fruit pectin. The dry fruit pectin segment is anticipated to account for the maximum global market share during the forecast period. The global fruit pectin market has been segmented on the basis of application into foods & beverages, personal care & cosmetics, healthcare, and others. Among application, foods & beverages segment is projected to witness the highest growth during the forecast period from 2017 to 2022
The leading market players in the global fruit pectin market primarily are CP Kelco U.S., Inc. (U.S.), Cargill, Inc. (U.S.), Nestle SA (Switzerland), Danone SA (Spain), Kellogg Co. (U.S.), Yantai Andre Pectin Co. Ltd. (China), Danisco A/S (U.S.), Pacific Pectin Inc. (U.S.), and Silvateam S.p.a.(Italy)
• Global fruit pectin manufacturers
• Foods & beverages industry
• Cosmetics industry
• Raw material suppliers
• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters
• Among regions, Europe is witnessed to dominate the fruit pectin market and projected to grow register a CAGR of 8.64%. However, among the Asia Pacific countries, China is expected to grow at a substantial rate during the forecast period.
• Among the application segment of fruit pectin, the food & beverage industry is projected to witness the highest CAGR of 7.15%, during the estimated period
Regional and Country Analysis of Fruit Pectin Market Development and Demand Forecast to 2023 Market:
As per the MRFR analysis, the global fruit pectin market is estimated to reach USD 1,582 million by the end of 2022, at a CAGR of 8.55%, during the forecast period.
The reports also cover country-level analysis:
• Asia Pacific
• Rest of the World