The report covers various factors affecting the Pectin market. FMI provides in-depth insights into the market. It presents the study in a coherent chapter-wise format, interspersed with data and relevant infographics. The report adopts an analytical approach to help our clients get better understanding about the market. Our expert market research analysts in the food & beverage industry domain carries out an extensive primary and secondary research with the help of digital intelligence for optimized decision making.
FMI, in its latest Pectin market report, offers the bird’s eye view on the historical and upcoming growth in terms of production, consumption, volume, and value. The report is classified on the basis of key segments, sub-segments, according to the major regions and offers an in-depth analysis on competitive landscape. The report offers a comprehensive, discussing in details upcoming trends, opportunities and challenges that will aid the expansion of the Pectin market.
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COVID-19 Impact Analysis on Pectin Market
The recent outbreak of the COVID-19 has significantly impacted the food and beverage industry. Since the pandemic and various lockdown restrictions, hotel industries had to take shelter within e-commerce industry to provide online delivery services and food to consumers. Manufacturers have adapted the new normal of ‘take-away’ food and groceries to maintain their financial revenue in the crucial times. With the relaxation in lockdown, the food and beverages industry is expected to witness a moderate growth through 2021 and beyond. FMI provides a detailed chapter on the impact of Covid-19 on the global Pectin market. This allows the established and emerging economies to understand the economic market scenario during the pandemic and benefits them in making profound business decisions through the cost-effective solutions.
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Pectin Market – Key Research Findings
- The global pectin market value in 2019 is estimated at ~US$ 820 Mn.
- The pectin market is anticipated to grow at a CAGR of ~6% during the forecast period of 2019-2029.
- Low methoxyl pectin remains highly preferred product for various application in F&B industry, accounting for relatively high share as compared to high methoxyl pectin.
- The growth in demand for low methoxyl pectin can be primarily attributed to its low requirement of sugar to form gels, and wide applications in the food industry.
- Western Europe is projected to account for ~28% of the revenue share in the pectin industry by the end of 2029.
- Western Europe is projected to be the most opportunistic region for manufacturers and distributors, owing to increasing demand for pectin in various end-use industries.
- Noteworthy applications of pectin in beverages industry, bakery filling & toppings, dairy products & frozen desserts, confectionaries, meat & poultry products, dietary supplements, functional foods, pharmaceuticals, personal care & cosmetics, jams & jellies, and others make it an essential product. Its usage in such multiple fields is estimated to increase market value during the forecasted period.
Important Questions Answered in the Pectin Market Report
• Which end user is expected to create lucrative growth opportunities for the global Pectin market?
• How is the Pectin market likely to evolve in the upcoming years?
• What are the upcoming trends and opportunities likely to prevail the Pectin market in the future?
• What innovative strategies are adopted by Pectin market players to stay ahead of the pack?
• Which region is expected to be the most lucrative region for the Pectin market?
• What are the restraints affecting the growth of the global Pectin market?
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Market Taxonomy
Product
- High methoxyl pectin
- Low methoxly pectin
- Amidated
- Non-amidated
Application
- Jams & Jellies
- Beverages
- Bakery Filling & Toppings
- Dairy Product & Frozen Desserts
- Confectionary
- Meat & Poultry Products
- Dietary Supplements
- Functional Food
- Pharmaceuticals
- Personal Care & Cosmetics
- Others