Pectin Market Saw Estimated Growth of USD 1.9 Billion by 2034, with a Projected Compound Annual Growth Rate (CAGR) of 5.6%
The global Pectin Market is gearing up for a period of steady growth, with projections suggesting that it will almost double in value by 2034. According to recent reports, the market was valued at USD 1.78 billion in 2024 and is expected to grow from USD 1.91 billion in 2025 to an estimated USD 3.57 billion by 2034, at a compound annual growth rate (CAGR) of 7.2% over this period [1].
The Food and Beverage segment continues to dominate the Pectin Market, accounting for a commanding 76.1% share in 2024. Pectin, a natural substance found in various fruits, plays a crucial role as a stabilizing, thickening, and gelling agent in food products such as jams, jellies, confectioneries, dairy desserts, and more. This dominance is further fueled by the growing demand for natural, plant-based ingredients in fruit-based spreads and low-sugar beverages [1].
Citrus Fruits led the By Source segment of the Pectin Market in 2024, capturing an 87.2% share. High Methoxyl Pectin dominated the By Type segment, holding a 67.4% share in 2024. Gelling Agent accounted for a 37.9% share of the By Function segment in the same year [1].
The Asia Pacific region shows steady growth in the Pectin Market, propelled by an expanding food processing industry and pectin's use as a natural thickening agent in beverages and snacks. Europe, on the other hand, led the market in 2024, securing a 43.9% share and generating USD 0.4 billion in revenue [1].
Notable developments in the market include CEAMSA launching new organic-certified pectins for the European market, catering to the growing demand for natural ingredients. Cargill, Inc. has expanded its pectin portfolio with CitriPure, a high-performance citrus pectin for low-sugar and clean-label applications. CP Kelco USA, Inc. introduced GENU Pectin YM-FP-2100, designed for yogurt drinks and acidified dairy products. DuPont Inc.'s Grindsted Pectin now offers improved texture and stability for plant-based beverages [1].
As the Pectin Market continues to grow, businesses are encouraged to focus on innovation, sustainability, and market expansion. The market's robust growth significantly influences the global economy by fostering job creation, enhancing agricultural value chains, and boosting trade [1].
References: [1] Market Watch. (August 2025). Global Pectin Market to Reach USD 3.57 Billion by 2034 at a CAGR of 7.2%. Retrieved from https://www.marketwatch.com/press-release/global-pectin-market-to-reach-usd-357-billion-by-2034-at-a-cagr-of-72-2025-08-05
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