The global pectin market is expected to expand from USD 1,059.2 million in 2024 to USD 1,945.8 million by 2034. The market is projected to surge at 6.3% CAGR from 2024 to 2034.
Attributes | Key Insights |
---|---|
Estimated Global Pectin Market Size (2024E) | USD 1,059.2 million |
Projected Pectin Market Value (2034F) | USD 1,945.8 million |
Value-based CAGR (2024 to 2034) | 6.3% |
Increasing awareness and demand for natural products and plant-based ingredients is driving high demand for Pectin in the industry. Consumer demand for clean-label and natural products is a significant growth factor for the Pectin market. It is derived from fruits and vegetables.
Pectin is a dietary fiber and it helps with digestion and it promotes gut health. The advantages of pectin for health is the key factor for the growing demand for Pectin market.
The pectin market is expected to rise due to the growing middle-class population. The demand for pectin powder is also projected to surge as people's busy lifestyles cause them to consume more functional meals.
The growing emphasis of manufacturers on product innovation and expansion is set to trigger pectin sales. Companies are introducing innovative products for health-conscious customers, including creating pectin blends with other ingredients and developing pectin varieties suitable for specific applications.
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The global pectin sales grew at a CAGR of 4.5% from 2019 to 2023.
The pectin market is predicted to progress at 6.3% CAGR in the next ten years. This is due to the following factors:
The table below shows the estimated growth rates of the leading countries. India and the United Kingdom are set to record high CAGRs of 8.9% and 9.0%, respectively, through 2034.
Countries | Projected CAGR (2034) |
---|---|
United States | 4.8% |
India | 8.9% |
United Kingdom | 9.0% |
The United States pectin industry is poised to exhibit a CAGR of 4.8% during the assessment period. By 2034, the United States market is expected to reach USD 392.6 million. The key factors supporting the market’s growth are:
Pectin demand in the United Kingdom is anticipated to rise at a steady CAGR of 9.0% during the forecast period. By 2034, the United Kingdom is expected to hold a market share of 22.1% in Europe. This is attributable to a combination of factors, including:
China's pectin market is expected to reach a valuation of around USD 189.7 million by 2034. Top factors supporting the market’s expansion in the country include:
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The section below shows the high-methoxyl pectin segment dominating by product type. It is predicted to hold a market share of 78.2% in 2024. Based on end-use applications, the jam segment is anticipated to generate a dominant share through 2024. It is set to hold a share of 11.8% in 2024.
Segment | Market Share (2024) |
---|---|
High-methoxyl Pectin (Product Type) | 78.2% |
Jams (End-use Application) | 11.8% |
Demand for high-methyl pectin is expected to remain high during the assessment period based on product type. With a market share of around 78.5%, the high-methyl pectin segment is projected to reach a valuation of USD 1,485.3 million in 2034.
The jams segment is anticipated to thrive at 4.6% CAGR and reach a market valuation of USD 181.3 million by 2034. Factors pushing growth are:
Leading pectin manufacturers are launching new and innovative products to meet consumer demand. To gain a competitive advantage in the market, leading players are directed toward partnerships, distribution agreements, mergers & acquisitions, collaborations, advertising, and celebrity endorsements.
For instance
The market is set to reach USD 1,059.2 million in 2024.
Demand for pectin is slated to expand at a 6.3% CAGR by 2034.
The market is set to reach USD 1,945.8 million in 2034.
CP Kelco USA, Inc., Cargill, Inc., and DuPont Inc. are the key players.
Europe is expected to have a market share of 36.0% in 2024.
1. Executive Summary 1.1. Global Market Outlook 1.2. Segmental Share Analysis 1.3. Dynamics Snapshot 1.4. Wheel of Fortune 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends By Region 3.5. Forecast Factors - Relevance & Impact 3.6. Regulations and Policies 4. Global Market - Pricing Analysis 4.1. Price Point Assessment by Region 4.1.1. Manufacturer Level Pricing 4.1.2. Distributor Level Pricing 4.2. Price Point Assessment By Product Type 4.3. Price Forecast till 2034 5. Value Chain Analysis 5.1. Operating margins at each node of supply chain 5.2. List of Active Market Participants 6. Global Market Size in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 7.1. Introduction / Key Findings 7.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Product Type, 2019 to 2023 7.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Product Type, 2024 to 2034 7.3.1. High-methoxyl Pectin 7.3.2. Low-methoxyl Pectin 7.3.2.1. Amidated (LMA) 7.3.2.2. Non Amidated (LMC) 7.4. Market Attractiveness Analysis By Product Type 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use Application 8.1. Introduction / Key Findings 8.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By End-use Application, 2019 to 2023 8.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By End-use Application, 2024 to 2034 8.3.1. Fermented Plant-based Products 8.3.2. Fermented Dairy Products, including Yoghurt 8.3.3. Jams 8.3.4. Jellies 8.3.5. Chews 8.3.6. Fruit Spreads 8.3.7. Sugar Confectionary 8.3.8. Fruit Roll Ups 8.3.9. Fruit Preparations 8.3.10. Bakery Fillings 8.3.11. Glazes 8.3.12. Sauces 8.3.13. Toppings 8.3.14. Ripples 8.3.15. Compotes 8.3.16. Juices 8.3.17. Reduced-sugar Beverages 8.4. Market Attractiveness Analysis By End-use Application 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Source 9.1. Introduction / Key Findings 9.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Source, 2019 to 2023 9.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Source, 2024 to 2034 9.3.1. Citrus Fruits 9.3.1.1. Oranges 9.3.1.2. Tangerines/Mandarins 9.3.1.3. Grapefruit 9.3.1.4. Lemon and Lime 9.3.2. Pears 9.3.3. Apples 9.3.4. Plums 9.3.5. Banana 9.3.6. Others(Peach, Berries) 9.4. Market Attractiveness Analysis By Source 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. Introduction 10.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Region, 2019 to 2023 10.3. Current Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia 10.3.6. Oceania 10.3.7. Middle East and Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 11.3.1. By Country 11.3.1.1. United States 11.3.1.2. Canada 11.3.2. By Product Type 11.3.3. By End-use Application 11.3.4. By Source 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Product Type 11.4.3. By End-use Application 11.4.4. By Source 11.5. Key takeaways 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Country 12.3.1.1. Brazil 12.3.1.2. Mexico 12.3.1.3. Argentina 12.3.1.4. Rest of Latin America 12.3.2. By Product Type 12.3.3. By End-use Application 12.3.4. By Source 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Product Type 12.4.3. By End-use Application 12.4.4. By Source 12.5. Key takeaways 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. United Kingdom 13.3.1.3. France 13.3.1.4. Italy 13.3.1.5. Spain 13.3.1.6. BENELUX 13.3.1.7. Nordic 13.3.1.8. Russia 13.3.1.9. Poland 13.3.1.10. Rest of Europe 13.3.2. By Product Type 13.3.3. By End-use Application 13.3.4. By Source 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Product Type 13.4.3. By End-use Application 13.4.4. By Source 13.5. Key takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. China 14.3.1.2. Japan 14.3.1.3. South Korea 14.3.2. By Product Type 14.3.3. By End-use Application 14.3.4. By Source 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Product Type 14.4.3. By End-use Application 14.4.4. By Source 14.5. Key takeaways 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. India 15.3.1.2. Thailand 15.3.1.3. Malaysia 15.3.1.4. Indonesia 15.3.1.5. Vietnam 15.3.1.6. Philippines 15.3.1.7. Singapore 15.3.1.8. Rest of South Asia 15.3.2. By Product Type 15.3.3. By End-use Application 15.3.4. By Source 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Product Type 15.4.3. By End-use Application 15.4.4. By Source 15.5. Key takeaways 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. Australia 16.3.1.2. New Zealand 16.3.2. By Product Type 16.3.3. By End-use Application 16.3.4. By Source 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Product Type 16.4.3. By End-use Application 16.4.4. By Source 16.5. Key takeaways 17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 17.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. GCC Countries 17.3.1.2. Turkiye 17.3.1.3. Egypt 17.3.1.4. South Africa 17.3.1.5. Rest of Middle East and Africa 17.3.2. By Product Type 17.3.3. By End-use Application 17.3.4. By Source 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Product Type 17.4.3. By End-use Application 17.4.4. By Source 17.5. Key takeaways 18. Country-level Market Analysis, 2024 18.1. United States Market Analysis 18.1.1. By Product Type 18.1.2. By End-use Application 18.1.3. By Source 18.2. Canada Market Analysis 18.2.1. By Product Type 18.2.2. By End-use Application 18.2.3. By Source 18.3. Brazil Market Analysis 18.3.1. By Product Type 18.3.2. By End-use Application 18.3.3. By Source 18.4. Mexico Market Analysis 18.4.1. By Product Type 18.4.2. By End-use Application 18.4.3. By Source 18.5. Argentina Market Analysis 18.5.1. By Product Type 18.5.2. By End-use Application 18.5.3. By Source 18.6. Germany Market Analysis 18.6.1. By Product Type 18.6.2. By End-use Application 18.6.3. By Source 18.7. United Kingdom Market Analysis 18.7.1. By Product Type 18.7.2. By End-use Application 18.7.3. By Source 18.8. France Market Analysis 18.8.1. By Product Type 18.8.2. By End-use Application 18.8.3. By Source 18.9. Italy Market Analysis 18.9.1. By Product Type 18.9.2. By End-use Application 18.9.3. By Source 18.10. Spain Market Analysis 18.10.1. By Product Type 18.10.2. By End-use Application 18.10.3. By Source 18.11. BENELUX Market Analysis 18.11.1. By Product Type 18.11.2. By End-use Application 18.11.3. By Source 18.12. Nordic Market Analysis 18.12.1. By Product Type 18.12.2. By End-use Application 18.12.3. By Source 18.13. Russia Region Market Analysis 18.13.1. By Product Type 18.13.2. By End-use Application 18.13.3. By Source 18.14. Poland Market Analysis 18.14.1. By Product Type 18.14.2. By End-use Application 18.14.3. By Source 18.15. China Market Analysis 18.15.1. By Product Type 18.15.2. By End-use Application 18.15.3. By Source 18.16. Japan Market Analysis 18.16.1. By Product Type 18.16.2. By End-use Application 18.16.3. By Source 18.17. South Korea Market Analysis 18.17.1. By Product Type 18.17.2. By End-use Application 18.17.3. By Source 18.18. India Market Analysis 18.18.1. By Product Type 18.18.2. By End-use Application 18.18.3. By Source 18.19. Thailand Market Analysis 18.19.1. By Product Type 18.19.2. By End-use Application 18.19.3. By Source 18.20. Malaysia Market Analysis 18.20.1. By Product Type 18.20.2. By End-use Application 18.20.3. By Source 18.21. Indonesia Market Analysis 18.21.1. By Product Type 18.21.2. By End-use Application 18.21.3. By Source 18.22. Vietnam Market Analysis 18.22.1. By Product Type 18.22.2. By End-use Application 18.22.3. By Source 18.23. Philippines Market Analysis 18.23.1. By Product Type 18.23.2. By End-use Application 18.23.3. By Source 18.24. Singapore Market Analysis 18.24.1. By Product Type 18.24.2. By End-use Application 18.24.3. By Source 18.25. Australia Market Analysis 18.25.1. By Product Type 18.25.2. By End-use Application 18.25.3. By Source 18.26. New Zealand Market Analysis 18.26.1. By Product Type 18.26.2. By End-use Application 18.26.3. By Source 18.27. GCC Countries Market Analysis 18.27.1. By Product Type 18.27.2. By End-use Application 18.27.3. By Source 18.28. Turkiye Market Analysis 18.28.1. By Product Type 18.28.2. By End-use Application 18.28.3. By Source 18.29. Egypt Market Analysis 18.29.1. By Product Type 18.29.2. By End-use Application 18.29.3. By Source 18.30. South Africa Market Analysis 18.30.1. By Product Type 18.30.2. By End-use Application 18.30.3. By Source 19. Market Structure Analysis 19.1. Global Market Competition - a Dashboard View 19.2. Industry Structure Analysis 19.2.1. % tier 1 market players 19.2.2. % tier 2 market players 19.2.3. % tier 3 market players 19.3. Global Market Company Share Analysis 19.3.1. For Tier 1 Market Players, 2023 19.3.2. Company Market Share Analysis of Top 5 Players, By Region 19.4. Key Participants Market Presence (Intensity Mapping) by Region 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. CP Kelco USA, Inc. 20.3.1.1. Product Portfolio 20.3.1.2. Product Claim 20.3.1.3. Revenue by Market Segments (Product/Channel/Region) 20.3.1.4. Sales Footprint 20.3.1.5. Strategy Overview 20.3.1.5.1. Marketing Strategy 20.3.1.5.2. Product Strategy 20.3.1.5.3. Channel Strategy 20.3.1.6. SWOT Analysis 20.3.2. Cargill, Inc. 20.3.3. DuPont Inc. 20.3.4. Herbstreith & Fox 20.3.5. Yantai Andre Co., Ltd. 20.3.6. Naturex Group 20.3.7. Silvateam Food Ingredients 20.3.8. CEAMSA 20.3.9. Lucid Colloids Ltd 20.3.10. Quadra Chemicals 20.3.11. Others (on additional request) 21. Assumptions and Acronyms 22. Research Methodology
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