Growing Demand for Plant-Based Ingredients to Foster Pectin Market Growth by 2026

Selbyville, Delaware, United States, November 19 2020 (Wiredrelease) Global Market Insights, Inc –:Pectin market is set to experience a remunerative period of growth over the forthcoming time frame owing to the growing demand for plant-based ingredients attributing to their numerous health benefits. The growth could also be seen rising globally owing to changing consumer preference for fiber-rich food along with changes in dietary habits.

Furthermore, due to various health concerns among people the demand for clean labelled and organic products has increased, further leading to market growth. Customers have now started to take note of their dietary suggestions attributable to a major shift in their lifestyle and healthcare.

Factors such as growing cases of gastrointestinal diseases due to unhealthy diet habits and expanding personal care spending will further incite the interest for the dietary fibers. Pectin-based products provide various advantages like controlled levels of blood sugar and proper bowel health.

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Pectin is also used as an ingredient in cosmetics as well as personal care products for digestive system disorders and for skin treatment, thereby leading to the product demand. Strict labelling demand and stringent regulations in the non-standardized food products will also push the market demand for pectin.

According to a research report by Global Market Insights Inc., pectin market is likely to exceed $1.8 billion through 2026.

Expanding diffusion in sweet and confectionary fillings, as stabilizer in fruit juices as well as milk beverages would further lead to market growth. Pectin reduces the syneresis of gel in marmalades and jams and thereby improves the strength of the gel in low-calorie based jams.

It provides a jelly structure and flavor release to confectionary products. In addition, it also stabilizes protein drinks that improves mouth feel and palatability.

With respect to raw material, apple pomace has gained remarkable demand as being one of the primary sources of production. Apple peel, being the major waste in manufacturing of preserve, contains about 1.3% pectin. The extract produces high level of pectin as compared to sugar beet and citrus peels. Likewise, the better properties of gelling also make it a main source of raw material in food and beverage sector.

The pectin market in APAC region is growing mainly because of the growing demand for organic consumables as well as change in consumer lifestyle. China, being the largest producers of pectin, is observing a rising demand for health and wellness products due to a growing middle class population. Furthermore, adoption of citrus based ingredients in cosmetics sector is further expected to support the growth of the region.

Meanwhile, manufacturers in pectin market are trying to enhance their distribution network along with expanding in different regions where fruit pectin is easily accessible. Manufacturers are actively engaged in various strategies to expand with investments mainly in Asian regions. Moreover, prominent players are also investing in R&D activities so as to develop alternatives for citrus fruit in an effort to meet broadening demand for products.

All in all, the growing demand for plant-based ingredients and changes in dietary patterns are likely to offer a varied range of growth opportunities for pectin market players. The competitive landscape of pectin market includes companies like AEP Colloids, Cargill, Herbstreith & Fox, CP Kelco U.S., Inc., TIC Gums, Inc., Krishna Pectins Pvt Ltd, and Dupont among others.

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source https://wiredrelease.com/press-release/growing-demand-for-plant-based-ingredients-to-foster-pectin-market-growth-by-2026-2020-11-18