The global Sugar Beet Pectin market is expected to witness a market value of US$ 82.4 Million in 2023 and is expected to accumulate a market value of US$ 122.0 Million by registering a CAGR of 4.0% in the forecast period 2023 to 2033. The Sugar Beet Pectin market registered a CAGR of 2.6% in the historical period 2018 to 2022. Factors such as the increasing demand for clean label and natural food ingredients, as well as the rising health concerns among consumers, are expected to boost the market growth over the analysis period.
As per Future Market Insights - market research and competitive intelligence provider, the global market value for Sugar Beet Pectin has been flourished. The demand for Sugar Beet Pectin is growing rapidly due to the increasing demand for natural and organic food ingredients: As consumers become more health-conscious and aware of the impact of synthetic ingredients on their health, there is a growing demand for natural and organic food ingredients.
Furthermore, as the demand for functional foods continues to grow, the demand for sugar beet pectin is also expected to increase. The functional foods are foods that have health-promoting or disease-preventing properties beyond their basic nutritional value. Sugar beet pectin is a dietary fiber that has been shown to have several health benefits, including reducing cholesterol levels and improving gut health.
Increasing adoption of sugar beet pectin in the pharmaceutical industry: Sugar beet pectin has several pharmaceutical applications, including as a binder, disintegrant, and coating agent. Hence, the increasing adoption of sugar beet pectin in the pharmaceutical industry is a major factor that is anticipated to boost the market growth in the near future.
Additionally, as more research is conducted on the health benefits of sugar beet pectin, there is a growing awareness about its potential uses in the food and pharmaceutical industries. This growing awareness of the health benefits of Sugar Beet Pectin is a major factor that is likely to stimulate the market growth in the near future.
Besides, with the growing trend towards veganism and plant-based diets, there is an increasing demand for ingredients that are derived from plant sources. Sugar beet pectin is a vegan ingredient that can be used in a wide range of food products such as jams, jellies, and desserts. This trend is expected to drive the growth of the sugar beet pectin market as manufacturers look for natural, vegan alternatives to traditional ingredients.
On the regional end, the Sugar Beet Pectin market in North America is expected to account for the maximum share during the analysis period. Factors such as the increasing demand for clean label and natural food ingredients, rising health concerns among consumers, and the growing popularity of vegan and plant-based diets in the region, are anticipated to escalate the regional market growth.
On the other hand, the Sugar Beet Pectin Market in Europe is witnessing significant growth in recent years. The regional market growth is driven by factors such as the increasing prevalence of chronic diseases, and the rising adoption of plant-based diets. The growing demand for sugar beet pectin as a gelling agent in the food and beverage industry in the region, is also expected to drive the adoption of Sugar Beet Pectin in Europe.
Recent developments in the technology, mergers and acquisitions, and partnerships within the companies involved in the designing of Sugar Beet Pectin are expected to create lucrative opportunities for the market growth over the analysis period. For instance,
In January 2021, Herbstreith & Fox KG (Germany), one of the leading manufacturers of pectin, launched a new product line of organic pectin sourced from sugar beets. The new product line is expected to meet the growing demand for organic and natural ingredients in the food industry.
In September 2020, DuPont Nutrition & Biosciences (US), a leading player in the sugar beet pectin market, announced the launch of a new pectin product line, GRINDSTED Pectin Prime 541, which is specifically designed for low sugar fruit spreads. The new product line is expected to offer improved texture, stability, and mouthfeel to low sugar fruit spreads.
In July 2020, CP Kelco (US), a leading producer of specialty hydrocolloids, including sugar beet pectin, announced the expansion of its pectin production facility in Denmark. The expansion is expected to increase the company's production capacity of pectin and other hydrocolloids to meet the growing demand from the food and beverage industry.
Data Points
Key Statistics
Expected Market Value in 2023
US$ 82.4 Million
Projected Market Value in 2033
US$ 122.0 Million
Growth Rate (2023 to 2033)
4.0% CAGR
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Sugar Beet Pectin Market Overview
The global sales of sugar beet pectin are expected to witness lucrative growth over the forecast period. The main application of sugar beet pectin in the food industry is as an emulsifier. Pectin is a poor emulsifier in general, however sugar beet pectin contains protein, which is assumed to be the explanation for its emulsifying properties.
Demand for Sugar Beet Pectin in Food Industry
Sugar beet pectin is made from the waste produced in the manufacturing of sugar from sugar beet. Sugar beet pectin is mostly used as an emulsifier in food preparations.
Manufacturers providing sugar beet pectin at low cost compared to other pectin’s produced from citrus, apple due to raw material is already dried and doesn’t depend on stationary and cost of raw material is low compared to other raw materials.
By adding sugar beet pectin’s into food or drug products, improved properties, including physicochemical, and nutritional properties are obtained.
Sugar beet pectin has a reduced water binding capacity and swells less, making it easier to use as a soluble fiber supplement or in yogurt, drinks, and sauces. Sugar beet pectin is very suitable for use in dishwasher detergents and bio plastics, due to the characteristics of the raw material of sugar beet.
Find your sweet spots for generating winning opportunities in this market.
The USA and Canada Sugar Beet Pectin Market
The global sales of sugar beet pectin are expected to witness lucrative growth over the forecast period. The main application of sugar beet pectin in the food industry is as an emulsifier. Pectin is a poor emulsifier in general, however sugar beet pectin contains protein, which is assumed to be the explanation for its emulsifying properties.
Europe Demand Outlook for Sugar Beet Pectin Market
Europe is one of the key markets for sugar beet pectin worldwide. Europe's sugar beet pectin market is to notice a witness growth rate during the assessment period 2021 to 2031. In Europe pectin is mainly extracted from sugar beet due to sugar beet is the second largest area of root crops in this region. In Europe, sugar beet pectin is used in jams and jellies, and bakery products widely.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
Who are the Key Manufacturers of Sugar Beet Pectin?
Some key manufacturers functioning in business in sugar beet pectin market
Dupont Incorporated
Cargill Incorporated
Royal DSM
Herbstreith and Fox Corporate Group
Ingredion Incorporated
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Sugar Beet Pectin Market: Market Segmentation
Based on Application:
Food & Beverages
Dairy Products
Jams and Jellies
Beverages
Bakery & Confectionery
Pharmaceuticals
Personal Care Products
Industrial Applications
Others
Based on Function:
Emulsifier
Stabilizer
Fat replacer
Others
Based on Function:
Low Methoxyl Sugar Beet Pectin
High Methoxyl Sugar Beet Pectin
Based on Process:
Hot Air-Drying
Vacuum-Drying
Freeze-Drying
Spray-Drying
Based on the Region:
North America
USA and Canada
Latin America
Mexico, Brazil, Peru, Chile, and others
Western Europe
Germany, the United Kingdom., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
Eastern Europe
Poland and Russia
Asia Pacific
China, India, Japan, ASEAN, Australia, and New Zealand
