The consumption of pectin in Western Europe is estimated to expand at a modest CAGR of 4.4% through 2033. The sales of pectin in Western Europe are expected to reach a valuation of USD 368.66 million by 2033, up from USD 239.43 million in 2023.
Changing consumer dietary patterns, a growing demand for clean-label and natural ingredients, and a rising shift toward sugar-free and low-sugar products are spurring the uptake of pectin in Western Europe. To tap into the expanding segment for reduced and zero sugar products, players are incorporating Low Methoxyl Pectin (LMP) in new, innovative food products.
Leading players in the region are currently relying on strategies, including expansion and new developments, to enhance their share in the regional industry.
Attributes | Details |
---|---|
Industry Size of Pectin in Western Europe (2023) | USD 239.43 million |
Expected Industry Size of Pectin in Western Europe in 2033 | USD 368.66 million |
Forecast CAGR between 2023 to 2033 | 4.4% |
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Country | Italy |
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Forecast CAGR % (2023 to 2033) | 4.50% |
Italy is predicted to observe growth in sales at a CAGR of 4.5% through 2033. Industry’s growth is led by:
Country | Germany |
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Forecast CAGR % (2023 to 2033) | 4.60% |
Pectin sales in Germany are expected to increase at a CAGR of 4.6% through 2033. Following factors contribute to product sales:
Country | United Kingdom |
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Forecast CAGR % (2023 to 2033) | 4.40% |
Demand for pectin in the United Kingdom is expected to spur at a CAGR of 4.40% through 2033. Leading factors contributed to pectin’s growth are as follows:
Country | France |
---|---|
Forecast CAGR % (2023 to 2033) | 3.90% |
France is poised to witness a consistent demand for pectin, registering a CAGR of 3.90% through 2033. Following factors contribute to increase in industry’s value:
Country | Netherlands |
---|---|
Forecast CAGR % (2023 to 2033) | 3.50% |
Pectin sales in the Netherlands are anticipated to rise at a CAGR of 3.5% through 2033. Mentioned below are the top factors impelling sales of pectin in the Netherlands:
Leading Application | Jams and Jellies |
---|---|
Value Share % (2023) | 20.50% |
Jams and jellies segment gathers an industry share of 20.50% in 2023. Growing demand for pectin in jellies, jams, and other fruit preserves is favoring this segment’s growth. Pectin imparts health benefits and enhances the texture and taste of jams and jellies, thus contributing to its popularity among leading jams and jellies manufacturers. Presently, a prevailing trend of organic products is contributing to the increased sales of superior-quality and organic jams and jellies.
Leading Product Type | Low Methoxyl Pectin |
---|---|
Value Share % (2023) | 51% |
Low methoxyl pectin (LMP) acquires a value share of 51% in 2023. The demand for LMP is rising in fruit spreads, jams and jellies, confectionery, beverages, dairy products, pharmaceutical products, etc., contributing to the growth of this segment. The growing popularity of sugar-free and low-sugar products is intensifying the demand for the product. Additionally, the demand for clean-label and natural ingredients is also displaying an upsurge, thus consolidating the sales of LMP.
Leading manufacturers of pectin in Western Europe are acquiring small companies to consolidate their position in the region. For greater acceptance in the region, players are also localizing their marketing efforts to create interest and awareness about the product as vast proportion of population is still using gelatin, an animal-derived gelling agent. This is projected to create demand, especially among vegan population, in Western Europe. Further, players are introducing many pectin-based products to increase consumer familiarity with this ingredient.
Key Developments Spurring the Sales of Pectin in Western Europe
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Attribute | Details |
---|---|
Estimated Industry Size in 2023 | USD 239.43 million |
Projected Industry Size by 2033 | USD 368.66 million |
Anticipated CAGR between 2023 to 2033 | 4.4% CAGR |
Historical Analysis of Demand for Pectin in Western Europe | 2018 to 2022 |
Demand Forecast for Pectin in Western Europe | 2023 to 2033 |
Report Coverage of Pectin in Western Europe | Industry Size, Industry Trends, Analysis of Key Factors Influencing Pectin Adoption in Western Europe, Insights on Western Europe Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Providers |
Key Companies Profiled for Pectin in Western Europe | DuPont Nutrition and Biosciences; CP Kelco; Herbstreith and Fox; TIC Gums; JRS GmbH; Unipectin; Jakobsen Group; Citruspectin; Nexira; ESI Group; Others |
The anticipated CAGR through 2033 is 4.4%.
Demand for pectin in Western Europe is expected to reach USD 368.66 million by 2033.
Manufacturers are turning to expansion strategy to beat competition in the region.
Low methoxyl pectin is prominently consumed by population of Western Europe.
Jams and jellies take a considerable share of the pectin industry.
Estimated Market Size (2024E) | USD 1,059.2 million |
---|---|
Projected Market Value (2034F) | USD 1,945.8 million |
Value-based CAGR (2024 to 2034) | 6.3% |
Expected Market Value (2023) | USD 124 million |
---|---|
Projected Forecast Value (2033) | USD 221.8 million |
Anticipated Growth Rate (2023 to 2033) | 6% CAGR |
Market Value (2023) | USD 1,011.0 million |
---|---|
Market Expected Value (2033) | USD 1,745.8 million |
Market Projected CAGR (2023 to 2033) | 5.6% |
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