Overview Global Pectin Market 2018: Growth, Demand and Forecast Research Report to 2023
Added: (Wed Dec 19 2018)
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The global pectin market has witnessed a healthy growth over the past few years. This can be accredited to the changing preferences of the health-conscious consumers and numerous applications of pectin in the pharmaceutical, cosmetics and food industries.
Pectin refers to a group of water-soluble carbohydrate substances which are mostly found in ripe fruits. It is obtained by the aqueous extraction from edible plant materials, such as apple pomace and citrus peel. Pectin is mainly used for its gelling property which improves the texture of drinks and gives them a jelly-like consistency. It is a high source of fibre and also treats diabetes, aids weight loss, controls diarrhoea and lowers cholesterol. A new research report by IMARC Group, titled “Pectin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market reached a volume of 69,664 Tons in 2017. The report further anticipates the market to reach a volume 93,891 Tons by 2023, at a projected CAGR of 5% over the forecast period.
Global Pectin Market Drivers/Constraints:
Pectin is extensively used as a gelling agent in a variety of fruit-based products, such as marmalades, jellies, jams, fruit filling for bakery products and fruit preparations for desserts and yogurts. The growing demand for these products is anticipated to drive the growth of the global pectin market.
The usage for pectin in the pharmaceutical and cosmeceutical sectors is gaining traction as it is used in wound healing preparations, specialty medical adhesives and as a natural structure provider for pastes, oils, and creams.
Some of the other factors bolstering the market growth are the increasing demand for natural and organic ingredients, growing health concerns and the changing preference of consumers towards functional foods.
The unavailability of raw materials and fluctuations in the prices of raw materials are the major factors hampering the growth of the market.
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