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Pectin Powder Market to grow at 4.7% CAGR through 2031.
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The pectin powder market is set to grow at a 4.7% CAGR through 2031, driven by demand for organic ingredients and health benefits.
Increasing demand for organic, herbal, and fruit-based ingredients in food and beverages industry has resulted in high demand for pectin powder. According to a study by Future Market Insights (FMI), consumers are likely to get more health conscious especially due to the increasing cases of diabetes, obesity, and cardiac issues. Driven by consumer interest for natural ingredients, the pectin powder market is forecast to surpass US$ 390 Mn by 2021. Pectin powder contains pectin, pectolytic enzymes, carotenoids, fiber, vitamin B, proteins, and other salts in addition to vitamin C.
Consumption of food and beverages containing pectin can help in weight loss, blood sugar control, and aid in heart health. Another advantage of using pectin powder is that it gives edible and drinkable goods more consistency and viscosity. Hydrocolloids’ adhesive properties present in pectin powder allow the food product to naturally congeal its constituent ingredients. Given its impressive nutrient profile, pectin and its derivatives fit right in.
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Key Takeaways from the Pectin powder Market Study
Non-Modified Convenience Ingredient Gaining Traction
As a result of the growing health problem among people around the world, health benefits have become primary motivators for the consumption of any food and beverage items. This is followed by taste and price. As a result, customers are taking precautionary steps when it comes to the products they use. Non-GMO has become a key trend in the food sector. Consumers in North America, Europe, South Asia, and Oceania are searching for labels on products that state they are non-GMO. When shopping for foods and drinks in the United States, 30% of shoppers opt for the Non-GMO label, which is higher than the organic label, which is used by just 28% of shoppers.
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Who is winning?
Some of the leading companies offering pectin powder are E. I. DuPont De Nemours And Company, Cargill, Inc., Naturex S/A, CP Kelco, Herbstreith & Fox Group, Compania Espanola de Algas S.A., Silvateam s.p.a., DSM Andre Pectin Co. Ltd., Lucid Colloids Ltd, and others.
For instance, in 2019, Cargill has launched its latest Unipectine AYD R series for acidified dairy beverages, which took a year to create and is specifically designed to deliver on main sensory buying drivers with no compromise on product stabilization.
Get Valuable Insights into Pectin Powder Market
Future Market Insights, in its new offering, provides an unbiased analysis of the pectin powder market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the pectin powder market based on product type (High Methoxyl Pectin and low Methoxyl Pectin), By Application (Food and Beverages, Dietary Supplements, Pharmaceuticals, Personal Care and Cosmetics, and others) across seven major regions (North America, Latin America, Europe, Japan, Asia Pacific, Oceania, and the Middle East and Africa).
What Is The Impact Of The Demand For Low Fat And Packed Food On Pectin Powder Sales?
Growing health consciousness among consumers is boosting demand for low-fat foods and beverages. Food producers are concentrating on creating new ingredients that have the potential to mitigate and regulate obesity, allowing customers to make healthy food and beverage choices, without sacrificing flavor or taste. Pectin powder for low-fat applications is only available from a few manufacturers. Pectin gives food products a smooth consistency and mouthfeel, which meets the demand for saturated fat whose adequate amount is necessary for healthy diet.
Key Questions Answered in the Report
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The main topic is the growth of the pectin powder market, projected to expand at a 4.7% CAGR through 2031.
Increasing demand for organic ingredients and health benefits are key drivers of the market growth.
The U.S. leads in North America, while China dominates the Asia Pacific market.
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