Global High Methoxyl Pectin Market to Witness Robust Growth Driven by Widening Applications and Health-Conscious Trends 2030
The global high methoxyl pectin market, which was valued at USD 1.1 billion in 2021, is expected to experience significant growth at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2027. The expanding application base across various industries, the increasing demand for natural and clean label ingredients, and the potential for fat replacement are among the driving factors propelling the growth of the high methoxyl pectin market.
Diverse Applications Across Industries
High methoxyl pectin (HMP), a water-soluble dietary fiber obtained from citrus fruits, serves as a gelling agent, stabilizer, and thickening agent in various industries. It finds extensive use in the food and beverage sector, particularly in products like jams, jellies, marmalades, fruit ...