December 13, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Pectin Market Size By Type (High Methylated Ester Pectin, Low Methylated Ester Pectin, and Amidated Pectin), By Raw Material (Apple, Citrus Fruits, Sugar Beet and others), By Function (Gelling agents, Thickener, Stabilizer, Fat replacer and others), By Application (Food & Beverages (Jams, Dairy, Non-Dairy Beverages, Confectionery, and others), Pharmaceutical, Cosmetics & Personal Care and others) Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026’, the worldwide pectin market is expected to cross USD 1.8 billion by the year 2026.
Surging awareness regarding the health benefits of plant-based ingredients is a major factor driving the pectin market. Pectin is useful for treatment of skin issues and digestive system disorders, hence used extensively in personal care products and cosmetics. Evolving consumer dietary patterns involving rich fibrous food is aiding the market expansion.
Growing occurrences of gastrointestinal disorders and increasing healthcare awareness are encouraging the key industry players to develop innovative and advanced products. Favorable federal reforms which support healthy diet are augmenting the demand for pectin ingredients across the globe.
In terms of raw material type, pectin market is categorized into citrus fruits, apple, and sugar beet, in which apple pomace segment witnessed substantial demand across the globe. Apple peels contain 1.3% pectin, higher than any its counterparts which is fueling the segmental growth.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2361901/
Considering geographical landscape, Asia-Pacific pectin market is estimated to grow significantly over the forecast period, owing to evolving consumer lifestyle and surging need of organic products, especially in China. China is one of the biggest pectin producers in the region. Adding to this, growing middle-class population is fueling the demand for healthy products across the country which in turn is enhancing the regional pectin market growth. Moreover, major companies operating in the pectin market are investing in the Asia-Pacific region. This, in tandem with rising adoption of citrus based products in cosmetic sector is also contributing towards the expansion of Asia-Pacific pectin market.
The prominent companies operating in pectin market are Cargill, CP Kelco U.S. Inc., TIC Gums Inc., Herbstreith & Fox, Dupont, AEP Colloids, and Krishna Pectins Pvt Ltd.
Frequently Asked Questions (FAQ) :