Over 70% of Pectin Powder Sold Concentrates in the Food and Beverages Sector: FMI
Increasing demand for organic, herbal, and fruit-based ingredients in food and beverages industry has resulted in high demand for pectin powder. According to a study by Future Market Insights (FMI), consumers are likely to get more health conscious especially due to the increasing cases of diabetes, obesity, and cardiac issues. Driven by consumer interest for natural ingredients, the pectin powder market is forecast to surpass US$ 390 Mn by 2021. Pectin powder contains pectin, pectolytic enzymes, carotenoids, fiber, vitamin B, proteins, and other salts in addition to vitamin C.
Pectin Powder Market
A recent market study published by Future Market Insights on the pectin powder market offe...
Consumption of food and beverages containing pectin can help in weight loss, blood sugar control, and aid in heart health. Another advantage of using pectin powder is that it gives edible and drinkable goods more consistency and viscosity. Hydrocolloids' adhesive properties present in pectin powder allow the food product to naturally congeal its constituent ingredients. Given its impressive nutrient profile, pectin and its derivatives fit right in.
Key Takeaways from the Pectin powder Market Study
- Pectin powder market is expected to rise at a CAGR of nearly 5% between 2021 and 2031
- Rising focus on health and wellness to curb the incidence of diabetes will push sales in the U.S., which will account for over 90% of the demand registered in North America
- Increasing application of pectin powder as a gelling agent in the food sector will drive sales in the U.K.
- High demand for jams and jellies make Germany and France key markets for pectin powder within Europe
- China leads Asia Pacific pectin powder market in terms of revenue. By the end of 2021, it is expected to account for over 40% sales in the region
“Consumer inclination towards natural ingredients in response to the rising lifestyle diseases such as diabetes and obesity has been the key factor facilitating growth in the pectin powder market. Steered by consumer interest in healthy food, several key manufacturers are likely to focus on emerging economies to capitalize on existing opportunities” said a lead analyst at FMI
Non-Modified Convenience Ingredient Gaining Traction
As a result of the growing health problem among people around the world, health benefits have become primary motivators for the consumption of any food and beverage items. This is followed by taste and price. As a result, customers are taking precautionary steps when it comes to the products they use. Non-GMO has become a key trend in the food sector. Consumers in North America, Europe, South Asia, and Oceania are searching for labels on products that state they are non-GMO. When shopping for foods and drinks in the United States, 30% of shoppers opt for the Non-GMO label, which is higher than the organic label, which is used by just 28% of shoppers.
Who is winning?
Some of the leading companies offering pectin powder 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 s.p.a., DSM Andre Pectin Co. Ltd., Lucid Colloids Ltd, and others.
For instance, in 2019, Cargill has launched its latest Unipectine AYD R series for acidified dairy beverages, which took a year to create and is specifically designed to deliver on main sensory buying drivers with no compromise on product stabilization.
Get Valuable Insights into Pectin Powder Market
Future Market Insights, in its new offering, provides an unbiased analysis of the pectin powder market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the pectin powder market based on product type (High Methoxyl Pectin and low Methoxyl Pectin), By Application (Food and Beverages, Dietary Supplements, Pharmaceuticals, Personal Care and Cosmetics, and others) across seven major regions (North America, Latin America, Europe, Japan, Asia Pacific, Oceania, and the Middle East and Africa).
About Food Market Division at FMI
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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