Market Size of Pectin Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.01 Billion |
| Market Size (2029) | USD 1.33 Billion |
| CAGR (2024 - 2029) | 5.66 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Pectin Market Analysis
The Pectin Market size is estimated at USD 1.01 billion in 2024, and is expected to reach USD 1.33 billion by 2029, growing at a CAGR of 5.66% during the forecast period (2024-2029).
Diverse applications of pectin in industries, such as pharmaceutical, cosmetic, and food and beverage, have contributed to the growth of the market studied. Traditionally, pectin has been used as a jellying agent in jams and jellies. Jams, jellies, and marmalade are the major application areas of pectin. Also, with technological advancement, players in the market studied have been developing pectin suitable for various applications. For instance, GENU Pectin, by CP Kelco has been gaining ground in the personal care and beauty market as a nature-based skin feel aid, stabilizer, and pH-balancing ingredient. In line with this, a growing number of diet-conscious consumers seeking alternatives to reduce fats and calories, pectin as an ingredient in such products can be a healthy replacement, driving growth. For instance, Siggi's offers plant-based yogurt containing 11g of protein and 180 calories. It incorporates fruit-based pectin along with coconut milk.
Additionally, the increased usage of pectin in fruit juices for improved mouthfeel, in acidified dairy applications for protein stabilization, low-calorie jams, and acidified protein drinks, has been supporting the growth of the market for the last few years. The increasing awareness about the multifunctionality of pectin among food and beverage manufacturers, such as it reduces cooking time, improves texture and color, and increases the shelf life, are among the factors that have been fueling the market of pectin. Moreover, extensive research and development investments in the market under study have also contributed to market growth. For instance, VTT research in Finland established an approach for biochemically converting pectin to aldaric acid, which can then be chemically converted to monomers for bio-based polyesters and polyamides.
