Global Pectin Market Outlook 2031
The global pectin market size was USD 909.09 Million in 2022 and is expected to reach USD 1.48 Billion by 2031 expand at a CAGR of 5.6% during the forecast period, 2023–2031. The growth of the market is attributed to numerous applications in industries such as pharmaceuticals, cosmetics, and food & beverages.
Pectin is a structural acidic heteropolysaccharide found in terrestrial plants' primary and middle lamellae as well as cell wall. Pectin is most commonly used in jellies, jams, and marmalade. Pectin is derived exclusively from plants and comes in a variety of forms ranging from dry pectin to liquid pectin to mass-produced commercial pectin.
Moreover, it is made from citrus and apple peels while it is considered to be one of the most label-friendly and flexible gums. It is favored in many clean-label formulations, particularly dairy-alternative drinks including low-sugar and low-pH varieties. Furthermore, Herbstreith & Fox Corporate Group introduced high-quality citrus and apple pectins for a variety of applications in Europe in 2021.
The COVID-19 pandemic had a negative impact on the market due to the disruption of supply and demand as well as imposing trade restrictions by governments across countries. The rising number of illnesses resulted in the abrupt and temporary closure of a number of food processing, personal care, and bread businesses that resulted in lowering demand for a variety of food additives including pectin.
However, demand and supply for pectin are projected to return to pre-covid levels in the coming quarters when food processing facilities reopen and once the restrictions are completely lifted.
Pectin Market Trends, Drivers, Restraints, and Opportunities
- Growing use of pectin in fruit juices and its growing acidified dairy applications for protein stability, low-calorie jams, and acidified protein beverages are key factors driving the market.
- Increasing awareness of pectin's multifunctionality among different sectors is expected to propel the market in the coming years.
- Restricted availability of raw materials for pectin acts as a major hurdle that can hamper the market growth during the forecast period.
- Trade restrictions in the early stages of the pandemic and labor scarcity are primary challenges that can hinder the market expansion.
- Expansion of the food & beverage industry and entry of several new players putting high investment in the market are expected to create lucrative opportunity for the market growth.
Scope of the Pectin Market Report
The report on the global pectin market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Pectin Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Low Methoxyl Pectin and High Methoxyl Pectin), Applications (Food & Beverages, Beauty & Personal Care, Pharmaceuticals, and Others), and Sources (Apple, Sugar Beet, Citrus Fruits, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Royal DSM; Ingredion Inc.; Flavors & Fragrances, Inc.; Cargill Incorporated; and Herbstreith Fox Corporate Group
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Pectin Market Segment Insights
High methoxyl pectin segment to expand at a considerable CAGR
On the basis of types, the pectin market is bifurcated into low methoxyl pectin and high methoxyl pectin. The high methoxyl pectin segment is projected to expand at a considerable CAGR during the forecast period owing to its extensively employed in the manufacture of jams and jellies because they can thicken the product.
Due to the increased degree of methylation, the gel strength of high methoxyl pectin remains strong; nevertheless, any additional rise in the degree of methylation, i.e., more than 70%, results in a drop in its gel strength. On the other hand, the low methoxyl pectin segment is anticipated to account for a major market share during the forecast period as it forms a gel in the absence of sugar and acid, making jams and jellies with less sugar.
Food & beverages segment to hold a significant share of the market
In terms of applications, the market is divided into food & beverages, beauty & personal care, pharmaceuticals, and others. The food & beverages segment is expected to hold a significant share of the market during the forecast period ascribed to rising demand for natural and organic goods for the preparation of jams, jellies, and spreads, bakery and confectionery, and sauces, spreads, and dressings, as well as meat items.
However, the pharmaceuticals segment accounts for a significant market share due to the increased use of pectin in the treatment of diarrheal disorders and other ailments such as gastrointestinal diseases.
Citrus fruits segment to grow at a high rate during the forecast period
Based on sources, the pectin market is segregated into apple, sugar beet, citrus fruits, and others. The citrus fruits segment is expected to grow at a high rate during the projected period as citrus fruits are high in vitamin C, folic acid, and potassium, and they contain active phytochemicals that can help safeguard your health.
Moreover, the sugar beet segment is expected to be a fast-growing segment during the forecast period. Sugar beet pectin extracts have the ability to operate as an emulsifier as well as a gelling agent, making it a feasible option for gum as it requires less quantity to activate the oil-water interface.
Europe is anticipated to constitute a key market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key share of the market during the projected period owing to the wide demand for fresh fruits, different product existence, and expansion in end-users in the region.
Spain was the biggest producer of fresh oranges in the European Union (EU28) in 2018/2019, according to the USDA Foreign Agricultural Service, with approximately 3.7 million metric tons of fresh oranges. It produced the most citrus fruits in Europe, with around 6.33 million metric tons. However, the market of North America is anticipated to expand at a rapid pace during the forecast period due to the increasing demand of plant-based ingredients.
Segments
The global pectin market has been segmented on the basis of
Types
- Low Methoxyl Pectin
- High Methoxyl Pectin
Applications
- Food & Beverages
- Beauty & Personal Care
- Pharmaceuticals
- Others
Sources
- Apple
- Sugar Beet
- Citrus Fruits
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global pectin market are Royal DSM; Ingredion Inc.; Flavors & Fragrances, Inc.; Cargill Incorporated; and Herbstreith Fox Corporate Group. As technology advances, key players in the market analyzed have been creating pectin that is suited for a variety of applications.
For example, CP Kelco's GENU Pectin has been gaining popularity in the personal care and cosmetics sector as a natural skin feel assist, stabilizer, and pH balancing element. Algaia, located in France, and Herbstreith & Fox, based in Germany, formed a cooperation in October 2019 to accelerate the development of clean label alginates and pectin for a variety of baking applications. These items can be sold as single or blended components, and they can take advantage of the growing clean label trend.
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