Versatility & Label-Friendly Profile Supports Food/Beverage Innovation, Sustainability
Brussels, July 2024 –The International Pectin Producers Association (IPPA), representing more than 85% of the world’s pectin producers, today issued findings from its 2024 market survey, reflecting a slow-down and change of consumption patterns in the food and beverage market worldwide, particularly throughout 2022 and 2023.
According to the survey, growth of the pectin market since 2014 is estimated at ~ 0.5% CAGR (Compound Annual Growth Rate) with an overall market volume on average of 60,000 metric tons.
Global food and beverage launches containing pectin as an ingredient have grown at a CAGR of 6.5% for the period 2020 to 2023, according to Innova Market Insights. Since 2020, Innova Market Insights has reported the launch of over 50,000 new products (globally) that contain pectin as an ingredient.
Sourced primarily from apple pomace and citrus fruit peels coming from fruit juice production, pectin is a natural fruit fibre used in a wide range of consumer products and applications for more than 200 years. In foods and beverages such as yogurts, jams, fruit-flavoured drinks and acidified dairy drinks, pectin serves as a versatile, natural, and highly functional ingredient providing texture and stability.
Because pectin benefits from a positive, recognizable profile among consumers, it is ideally suited for consumer products supporting clean label preferences, circularity, and sustainability, including plant-based, organic, vegan, and vegetarian product formulations.
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