Global High Methoxyl Pectin Market – Industry Trends and Forecast to 2029

Global High Methoxyl Pectin Market, By Type (Extra Rapid Set, Rapid Set, Medium Rapid Set, Slow Set, Extra Slow Set), Application (Food Industry, Pharmaceuticals) – Industry Trends and Forecast to 2029.

High Methoxyl Pectin Market Analysis and Size

The increased consumption of jelly and jam has increased market demand for high methoxyl pectin. High Methoxyl Pectin is found in a variety of functional foods all over the world. It is primarily used to add thickness to jam and jelly. Furthermore, the market is driven by the use of high methoxyl pectin in various foods.

Data Bridge Market Research analyses that the high methoxyl pectin market was valued at USD 1.15 billion in 2021 and is expected to reach the value of USD 1.99 billion by 2029, at a CAGR of 7.10% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

High Methoxyl Pectin Market Scope and Segmentation

Market Definition

HMP (High Methoxyl Pectin) is a water-soluble dietary fibre derived from citrus fruits. It is primarily used in the food and beverage industries as a gelling agent, stabilizer, and thickener. HMP is used in jams, jellies, marmalades, fruit juices, fillings, and desserts. Furthermore, it is used in the pharmaceutical industry as a disintegrant and suspending agent, as well as a binder in tablets and capsules.

High Methoxyl Pectin Market Dynamics

Drivers

• A global shift towards adoption of functional foods

Functional foods provide additional health benefits in addition to basic nutrition. They are gaining popularity among consumers due to their ability to improve overall well-being. High methoxyl pectin is widely used in functional food products, which contributes significantly to its market growth prospects.

• Growing research and development activities to improve nutritional and multifunctional profile

The overall food and beverage industry's macro trend of clean label ingredients is driving the demand for natural/organic ingredients, presenting a tremendous opportunity for the high methoxyl pectin market to grow. Investing heavily in research and development to improve the nutritional and multifunctional profile of food items with numerous health benefits, which is propelling the global high methoxyl pectin market growth.

Opportunity

Leading manufacturers are incorporating advanced technologies to derive modified methoxyl pectin to tap lucrative opportunities in the healthcare sector in order to bring out the unique medicinal properties of citrus pectin. Recent discoveries and increased awareness of the effectiveness of modified citrus pectin in controlling the growth of new cancer cells in patients are expected to drive up demand for citrus pectin in the coming years.

Restraints

The industry is vulnerable due to climatic and environmental factors, resource scarcity, and periodic governing regulatory changes. Other significant challenges include infrastructure, seasonal fluctuations in raw material availability, and a lack of knowledge resulting in technological barriers in developing regions. It is a major impediment to the growth of the market for high methoxyl pectin. Furthermore, an insufficient supply chain in developing economies is limiting the market's growth.

This high methoxyl 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 high methoxyl 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.

COVID-19 Impact on High Methoxyl Pectin Market

The COVID-19 pandemic had a significant impact on almost all sectors around the world, disrupting supply and demand equilibrium and imposing trade restrictions. The rising number of infections caused the sudden and temporary closure of several food processing, personal care, and bakery manufacturing plants, negatively impacting demand for various food additives such as pectin. Furthermore, the limited supply of raw materials for pectin production, combined with trade restrictions in the early stages of the pandemic, impacted the pectin market from the supply side as well. However, with the re-opening of food processing facilities and the removal of restrictions, pectin demand and supply are expected to return to pre-covid levels in the coming quarters.

Recent Development

• Herbstreith & Fox Corporate Group will launch high-quality citrus and apple pectins for various application areas in Europe in 2021. Pectin is used as a gelling agent in vegan confectionery products such as OTC-Gummies, plant extract-enriched gummies, sugar-reduced and sugar-free gummies, soft and chewy gummies.
• CP Kelco introduced GENU Pectin YM-FP-2100 in 2020, a clean-label ingredient that provides a medium-to-high viscosity in fruited drinking yoghurt and ease of pumpability during the fruit preparation stage.

Global High Methoxyl Pectin Market Scope

The high methoxyl pectin market is segmented on the basis of type and application. The growth amongst these segments will help you analyse 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

• Extra Rapid Set
• Rapid Set
• Medium Rapid Set
• Slow Set
• Extra Slow Set

Application

• Food industry
• Pharmaceuticals

High Methoxyl Pectin Market Regional Analysis/Insights

The high methoxyl pectin market is analysed and market size insights and trends are provided by country type, and application as referenced above.

The countries covered in the high methoxyl pectin market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe is dominating the methoxyl pectin market wheras, Asia-Pacific region is expected to be one of the fastest-growing regions during the forecast period, owing to rising consumption in China and India as a result of rapid industrialization, as well as a thriving food processing industry in these countries.

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 High Methoxyl Pectin Market Share Analysis

The high methoxyl 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 high methoxyl pectin market.

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

• DSM (Netherlands)
• BASF SE (Germany)
• Lonza Group (Switzerland)
• Glanbia Plc (Ireland)
• ADM (U.S.)
• Farbest Brands (U.S.)
• SternVitamin GmbH & Co. KG (Germany)
• Adisseo (France)
• BTSA Biotechnologias Aplicadas S.L. (Spain)
• Rabar Pty Ltd (Australia)
• Novus International (U.S.)
• Kerry Group plc (Ireland)
• Chr. Hansen Holding A/S (Denmark)
• Lallemand Inc. (Canada)
• Lesaffre (France)
• AB Mauri (U.K.)
• Laffort (France)
• Alltech, (U.S.)
• Imperial yeast (U.S.)
• DCL Food Distributors (U.K.)
• Agrano GmbH & Co. K.G. (Germany)
• UNIFERM GmbH & Co. K.G. (Germany)