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Pectin market likely to exceed $1.8 billion through 2026, says report
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Tuesday, 23 May, 2023, 12 : 00 PM [IST]
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Our Bureau, Mumbai
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The 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 fibre-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 fibres. Pectin-based products provide various advantages like controlled levels of blood sugar and proper bowel health.
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-standardised 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 stabiliser 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 flavour release to confectionery products. In addition, it also stabilises 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.
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