Global Pectin Market – Industry Trends and Forecast to 2030

Pectin Market Analysis and Size

The global pectin market is expected to grow at a significant rate during the forecast period due to increasing demand for convenience food products and growing awareness regarding health. Pectin has well-diversified applications in numerous industries. It is highly used in food industry as a thickening and gelling agent and as a food stabilizer. Pectin has large number of medicinal characteristics due to which it is used to cure diarrhea and constipation. Pectin is also used as a demulcent in throat lozenges. As a result of all these factors the demand for the pectin increase which enhance the market growth during the forecast period.

Data Bridge Market Research analyses that the pectin market is expected to reach USD 1,866.52 million by 2030, which is USD 1,062.27 million in 2022, registering a CAGR of 7.30% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.     

Pectin Market Scope and Segmentation

Market Definition

Pectin is a heteropolysaccharide which is a structural acid in the middle lamella, contained in the primary lamella and in the cell walls of terrestrial plants. Pectin is prepared from real fruit and all its forms, from liquid pectin to dry pectin to mass-produced commercial pectin which are sourced completely from plants. They are widely utilized as stabilizers, fat replacer and gelling agents, among others.

Global Pectin Market Dynamics

Drivers

• Rising demand for natural ingredients

Pectin is normally used food gums which is derived from citrus peels and apple, it is also considered among the versatile and most natural gums. Accordingly, it is preferred for use in many clean-label formulations, mainly in dairy-alternative beverages, including the low-pH variants and low-sugar. For instance, German-based Herbstreith and Fox and France-based Algaia entered in to partnership to increase the growth of clean label pectin and alginates for numerous baking applications in 2019, these products can be marketed as either blended or single ingredients while tapping into the growing clean label trend.

• Increasing awareness among manufacturers for multi functionality of pectin

The increasing awareness among food and beverage manufacturers regarding the multi-functionality of pectin, such as it increases the shelf life, reduces cooking time, improves texture and color will expected to increase the demand for the pectin. As a result, the market is expected to grow during the forecast period of 2023 to 2030.

Opportunities

• Surging product launches by market players

The surging product launches by major market players will provide numerous growth opportunities within the pectin market. For instance, CP Kelco has introduced GENU Pectin which has been gaining ground in the beauty and personal care market as a stabilizer and pH balancing ingredient for the natural skin.

• Increasing demand of pectin as a safe food product

Pectin is considered a safe food product through numerous government food authorities. Its u composition and sage are regulated under several food additive laws. In the European Union, pectin and amidated pectin both have given an Acceptable daily intake by Scientific Committee for Food. The Ministry of Health, Labor, and Welfare in Japan have recognized that pectin is safe. Moreover, In the U.S., the Food and Drug Administration (FDA) recognize the pectin as GRAS (generally recognized as safe). As a result of this, the demand for the pectin increases which is expected to create lucrative opportunities for the market

Restraints/ Challenges

• Side effects associated  with pectin market

Pectin can reduce the ability of body to absorb beta-carotene which is an important nutrient for human body. Pectin can also interfere with the ability of body to absorb certain drugs such as: Digoxin (a heart medicine) and Lovastatin. As a result of this, the consumption of the pectin decreases which is expected to hamper the market growth.

• Availability of pectin substitute

Large availability of pectin substitute such as citrus peels, cornstarch, gelatin is also one of the major factor which is expected to hamper the growth of the global pectin market during the forecast period of 2023 to 2030.

This pectin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pectin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2021, Herbstreith and Fox Corporate Group introduced high-quality pectins of apple and citrus pectin for numerous application areas in Europe. Pectin as a gelling agent in vegan confectionery products, sugar-reduced, OTC-Gummies, plant extract enriched gummies, and sugar-free gummies.
• In 2020, CP Kelco introduced GENU Pectin YM-FP-2100 which is a clean-label-friendly ingredient. This product offers a medium-to-high viscosity in the fruited drinking yogurt and with simplicity of pumpability at the fruit preparation stage.

Global Pectin Market Scope

The pectin market is segmented on the basis of type, raw materials, function and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• High Methoxyl
• Low Methoxyl

Raw Materials

• Citrus Fruit
• Apple
• Sugar Beet
• Others
• Sunflower
• Pears
• Guava
• Quince
•  Plums
• Berries

 Function

• Thickener
• Stabilizer
• Gelling Agent
• Fat Replacer
• Others

 Application

• James and berries
• Dairy products
• Beverages
• Bakery and Confectionary
• Meat and Poultry Products
• Sauces and Dressing
• Baby Food
• Prepared Food

Pectin Market Regional Analysis/Insights

The pectin market is analyzed and market size insights and trends are provided by country, type, raw materials, function and application as referenced above.

The countries covered in the pectin market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Europe dominates the pectin market in terms of revenue and market share owing to large consumption of jam, jellies and baked goods in this region. Furthermore, high demand for functional dairy and convenience foods products will further expected to boost the market growth in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the increasing demand for functional dairy products, convenience foods, and baked goods in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Pectin Market Share Analysis

The pectin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pectin market.

Some of the major players operating in the pectin market are:

• Krishna Pectins Pvt Ltd, (India)
• CP Kelco U.S., Inc. (U.S.)
• Tate & Lyle (U.K.)
• Cargill Incorporated (U.S)
• DuPont (U.S.)
•  Nikunj Chemicals (India)
• DSM (Netherlands)
• BASF SE (Germany)
• Lonza (Switzerland)
• Glanbia Plc (Ireland)
• ADM (U.S.)
•  Lallemand Inc. (Canada)
•  Adisseo (China)
• NATUREX (France)
• LUCID COLLOIDS LTD. (India)
•  Ingredion (U.S.)
•  Herbstreith & Fox GmbH & Co. KG (Germany)
• NATUREX (France)
• B&V srl (Italy)

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