Oct 18, 2019 (AB Digital via COMTEX) -- Market Analysis
Global Fruit Pectin Market is witnessed to have a massive growth over the coming years. Pectin is a natural polymer and is the most commonly used natural hydrocolloids. It is extracted from the cell wall of fruits and vegetables. Fruit pectin is extracted from the peel of various fruits including citrus peels (lemons, lime and oranges) and apple pomace, among others. They are mainly available in dry and liquid form which is applied in food sector as gelling, thickening and stabilizing agent. It is also extensively used in the production of personal care products and in pharmaceuticals to stabilize the product content.
The consumption of fruit pectin as a source of dietary fiber is increasing which is driving the growth of the market. It is observed to have a substantial growth due to the growing demand for gelling agents in various food products like jellies and jams. Moreover, increasing demand for organic products among the consumers acts as an opportunity for the growth of organic fruit pectin market. Additionally, escalating demand for functional food & beverages among the increasing health conscious population is triggering the growth of fruit pectin market in the food & beverage industry during the forecast period of 2017-2023. The increasing application of fruit pectin in various industries is expected to further propel the sales of fruit pectin during the forecast period.
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The key players are highly focusing in the research & development process to introduce new product and extend their product line. Product launch is the most common development undertaken by the key players to compete in the market. Moreover, the companies are investing in expanding their production capacity to fulfill the increasing demand for fruit pectin among the consumers. Also, the companies are extending their geographical reach through acquisitions, mergers, or partnership.
The key players profiled in Fruit Pectin Market report are CP Kelco U.S., Inc. (U.S.), Cargill, Inc. (U.S.), Nestle SA (Switzerland), Danone SA (Spain), Kellogg Co. (U.S.), Yantai Andre Pectin Co. Ltd. (China), Danisco A/S (U.S.), Pacific Pectin Inc. (U.S.), and Silvateam S.p.A.(Italy) among many others.
Latest Industry Updates
October 2018 CP Kelco has launched GENU Explorer Pectin ND-200 which is a label-friendly food ingredient solution designed for neutral pH dairy desserts.
August 2018 Silvateam has secured a deal with Brenntag North America, part of Brenntag Group to distribute Silvateam’s pectin in the US and Canada.
Feb 2018 DuPont Nutrition & Health has developed and launched GRINDSTED Pectin PRIME 541, a product that will allow food manufacturers to formulate new appealing reduced-sugar fruit spreads recipes faster and without processing hurdles.
Global fruit pectin market has been divided into type, application, and Region
On the Basis of type: Dry, and Liquid
On the Basis of application: Foods & Beverages, Personal Care & Cosmetics, Healthcare, and Others
On the Basis of Region: North America, Europe, Asia Pacific, and Rest of the world
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The global fruit pectin market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among all the region, Europe region is projected to retain its dominance throughout the forecast period of 2018-2023. Germany is projected to hold the major share in the year 2017 and the trend is expected to continue throughout the forecast period of 2018-2023. High consumption of processed food is anticipated to be the significant factor for the rising growth of fruit pectin market in Germany. North America is also estimated to hold a substantial share in the global fruit pectin market in the year of 2017 in which the US is the major contributor. However, Asia Pacific region is expected to witness the highest growth during the forecast period. The growth of the Asia Pacific region is anticipated to be driven by the increasing disposable income of the consumers coupled with the increasing awareness of functional food & beverages.
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