clean label pectin market expected to rise from $118.89 million in 2022 to $221.8 million by 2033, driven by consumer preference for natural ingredients. Derived from various fruits, particularly citrus, it meets the demand for organic, healthy sources in food production, enhancing industrial goods like powdered apples and dried citrus peel.
In 2022, it was predicted that the clean label pectin market would bring in US$ 118.89 million. Due to changing consumer preferences for using natural ingredients in food, the market will expand at a CAGR of 6% from 2023 to 2033 and reach a value of US$ 221.8 Million.
Plants develop a material called pectin, which is a soluble fibre found in plant cell walls. It is mostly extracted from citrus fruits, cherries, apricots, apples, oranges, and carrots. In the near future, the industry is anticipated to expand due to growing health concerns and the increasing use of organic, healthy raw resources to produce consumable goods. Industrial goods are primarily made from powdered apples and dried citrus peel, which are available in white and light brown hues.
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As more food and beverage makers learn about pectin’s many benefits, including its ability to extend shelf life, shorten cooking times, and improve texture and colour, the market for clean-label pectin is anticipated to grow. Consumers prefer natural flavours and plant-based ingredients like pectin generated from fruit over gelatin made from animals, which is why the sector is expanding. Suppliers of pectin are attempting to provide processed food manufacturers with clean-label components.
Pectin is regarded as a safe food product by several federal food agencies. Its chemical composition and usage are governed by several food additive laws. The Scientific Committee for Food has authorized pectin and amidated pectin as acceptable daily intakes in the European Union.
Key Takeaways:
- The global clean label pectin market is expected to be valued at US$ 124 Million by 2023
- From 2018 to 2022, the market demand expanded at a CAGR of 2.2%
- The United States market for clean label pectin is projected to account for about 20.3% of the global market share.
- China to experience a 6.5% CAGR and India with a 7.7% CAGR from 2023 to 2033.
- By product type, the high methoxyl pectin was estimated to acquire a 54.4% share in 2022.
- By source, the pectin sourced from oranges occupied a market share of 60.6%.
“The market for clean label pectin is expected to grow considerably over the forecasted period because of the growing popularity of convenience meals and growing awareness of health issues.” suggests an analyst at FMI.
Competitive Landscape:
Prominent players in the clean-label pectin market are:
- Herbstreith & Fox Group
- B&V SRL
- Naturex S/A
- Compania Espanola de Algas Marinas S.A
- Cargill Inc.
- Kraft Heinz
- CP Kelco
- E.I DuPont De Nemours and Company
- DSM Andre Pectin company limited
- Lucid Colloids Ltd.
- Silvateam s.p.s
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Some key developments:
- In March 2022, CP Kelco presented a new set of solutions to aid the advancement of research in the rapidly increasing area of plant-based meat substitutes.
- Utilizing cutting-edge techniques, plant-based burger and sausage replacements can resemble eating animal meat. For the purpose of creating plant-based burger as well as sausage substitutes and aiding in the delivery of a meat-like eating experience, the new range of solutions comprises ingredient possibilities that are derived from nature and are cleaner label friendly.
More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global clean label pectin market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the clean label pectin market, the market is segmented on the basis of clean label pectin by product (high methoxyl, low methoxyl), source (citrus food, apple, pear, plum, banana, others), application (plant-based products, dairy products, jams, others) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
Key Segments:
By Product Type:
- High Methoxyl
- Low Methoxyl
By Source:
- Citrus Food
- Apple
- Pear
- Plum
- Banana
- Others
By Application:
- Plant-Based Products
- Dairy Products
- Jams
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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