Pectins are defined as a group of widely distributed plant cell wall polysaccharides that contain galacturonic acid linked at both the 1 and 4 positions. The wide use of pectin as an ingredient which imparts rheological and textural properties to various food products and the development of applications beyond the food industry have brought about its increase in production and influenced research towards alternative sources and improving the overall isolation process of pectic polysaccharides. In this context, this paper aims to give a complete perspective on the current state of pectin research by mainly focusing on recent research on the extraction of pectin from other feasible sources, on the post-extraction stages of pectin recovery from plant materials (purification and fractionation), and, finally, on the advancements in the study of the physical, chemical, rheological, and functional properties of pectin.