Pectin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Global Pectin Market is segmented by Source (Citrus Fruits, Apple, Suhar Beet, Other Sourced), by Application (Beauty and Personal Care, Food and Beverages, Pharmaceuticals, and Other Applications), By Type (High Methoxyl Pectin and Low Methoxyl Pectin), and by Geography (North America, Europe, South America, Asia Pacific, and Middle East & Africa). The report offers market size and forecasts in value terms in USD million for all above segments.

Pectin Industry Overview

Pectin Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 7.27 %

Major Players

Pectin Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Pectin Market Analysis

The global pectin market is projected to register a CAGR of 7.27% during the period (2022-2027).

The COVID-19 pandemic had a drastic impact on almost all sectors across the globe disrupting supply and demand equilibrium with restrictions on international trade. The increasing infections led to sudden and temporary closures of various food processing, personal care, and bakery producing plants negatively impacting demand for various food additives including pectin. Moreover, the limited supply of raw material for pectin production, with the trade restrictions in the initial phases of the pandemic, coupled with labor shortage impacted the pectin market from the supply side as well. However, with the re-opening of food processing facilities as well as the removal of restriction, demand & supply for pectin are expected to restore to pre-covid levels in coming quarters.

Diverse applications of pectin in industries, such as pharmaceutical, cosmetic, and food and beverage, have contributed to the growth of the market studied. Traditionally, pectin has been used as a jellying agent in jams and jellies. Jams, jellies, and marmalade are the major application areas of pectin. Moreover, with the advancement in technologies, players in the market studied have been developing pectin suitable for various applications. For instance, GENU® Pectin, by CP Kelco has been gaining ground in the personal care and beauty market as a nature-based skin feel aid, stabilizer and pH balancing ingredient.

The increased usage of pectin in fruit juices for improved mouthfeel, in acidified dairy applications for protein stabilization, low-calorie jams, and acidified protein drinks, has been supporting the growth of the market for the last few years. The increasing awareness about the multifunctionality of pectin among food and beverage manufacturers, such as it reduces cooking time, improves texture and color, and increases the shelf life, are among the factors that have been fueling the market of pectin.

Pectin Industry Segments

Pectin is a structural acidic heteropolysaccharide contained in the primary and middle lamella and cell walls of terrestrial plants. Pectin is made from real fruit and all its forms, from dry pectin to liquid pectin to mass-produced commercial pectin are sourced entirely from plants. The market studied is segmented by source, application, type, and geography. By source, the market studied is segmented into Citrus fruits, Apple, Suhar Beet and other sources. By application, the market studied is segmented into beauty and personal care, food and beverages, pharmaceuticals, and other applications. By type, the market studied is segmented into high methoxyl pectin and low methoxyl pectin. Based on geography, the market studied is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasting have been done in value terms USD million.

By Source
Citrus Fruits
Apple
Sugar Beet
Other Sources
By Application
Beauty and Personal Care
Food and Beverage
Jam, Jelly, and Preserve
Baked Goods
Dairy Products
Other Foods and Beverages
Pharmaceuticals
Other Applications
By Type
High Methoxyl Pectin
Low Methoxyl Pectin
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Pectin Market Trends

This section covers the major market trends shaping the Pectin Market according to our research experts:

Growing Demand for Natural and Clean Label Ingredients

Pectin is one of the commonly used food gums. Typically derived from apple and citrus peels, it is also considered among the most label-friendly and versatile gums. Consequently, it is preferred for use in many clean-label formulations, especially in dairy-alternative beverages, including the low-sugar and low-pH variants. Suitable low-pH formulations include jellies, jams, fruit syrups, yogurts, yogurt drinks, and dairy-alternative yogurts. Other applications include more indulgent confectionery chews, gummies, and glazes. Leading citrus pectin players have been focusing on backward integration for business development and expansion of their existing production capabilities and are developing clean label products and the requisite certifications. For instance, In Oct 2019, France-based Algaia and German-based Herbstreith & Fox entered a partnership to boost the development of clean label pectin and alginates for multiple baking applications. These products can be marketed as either single or blended ingredients while tapping into the mounting clean label trend.

Pectin Market - Preferred Food Label Ingredients Among Consumers, in Percentage, Latin  America, 2019

Europe Holds the Major Share in Pectin Market

Europe holds the largest market share in pectin market, followed by North America. The demand in the region is high owing to the presence and growth of end-use application for the product. As per the USDA Foreign Agricultural Service, in 2018/2019, Spain was the leading producer of fresh oranges in the European Union (EU28), with over 3.7 million metric ton of fresh oranges. It produced the largest volume of citrus fruits at over 6.33 million metric ton in Europe (Eurostat). This factor can further escalate the manufacturing of pectin in the country. Consumers in the United Kingdom are reducing their meat consumption and shifting to vegan and plant-based products, thus boosting the demand for plant-based ingredients, such as pectin, which is completely plant-based. Such plant-based trends can support the application of pectin. The increasing potential for the pharmaceutical market in Germany, along with increasing innovations in the pectin market, such as the introduction of MCP (Modified Citrus Pectin), which is adapted for use as a dietary supplement or for pharmaceutical applications. Therefore, innovation in both pectin and pharmaceutical markets are expected to drive the market further.

Pectin Market : Market Share(%), by Region, Global, 2021

Pectin Market Competitor Analysis

The global pectin market is highly competitive, with international players dominating the market studied such as International Flavors & Fragrances, Inc, Cargill Incorporated, Herbstreith Fox Corporate Group, Ingredion Inc, and Royal DSM among others. The prominent players of the market have been focusing on developing new and innovative products by targeting the new formulations that are specific to an application. Additionally, these companies are focusing on increasing the production capacities of their existing plants while investing in R&D activities. Thus, the market studied is expected to witness numerous product launches during the forecast period.

Pectin Market Top Players

  1. Cargill Incorporated

  2. Royal DSM

  3. Herbstreith and Fox Corporate Group

  4. Ingredion Inc.

  5. International Flavors & Fragrances

*Disclaimer: Major Players sorted in no particular order

Pectin Market Concentration

Pectin Market Recent Developments

In 2021, Herbstreith & Fox Corporate Group launched high-quality pectins of citrus and apple pectin for various application areas in Europe. Pectin as a gelling agent in vegan confectionery products, OTC-Gummies, plant extract enriched gummies, sugar-reduced, and sugar-free gummies soft and chewy gummies.

In 2020, CP Kelco launched GENU Pectin YM-FP-2100, a clean-label-friendly ingredient that provides a medium-to-high viscosity in the fruited drinking yogurt and with ease of pumpability at the fruit preparation stage.

In 2020, CP Kelco launched GENU Pectin YM-FP-2100, a clean-label-friendly ingredient that provides a medium-to-high viscosity in the fruited drinking yogurt and with ease of pumpability at the fruit preparation stage.

Pectin Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Source

      1. 5.1.1 Citrus Fruits

      2. 5.1.2 Apple

      3. 5.1.3 Sugar Beet

      4. 5.1.4 Other Sources

    2. 5.2 By Application

      1. 5.2.1 Beauty and Personal Care

      2. 5.2.2 Food and Beverage

        1. 5.2.2.1 Jam, Jelly, and Preserve

        2. 5.2.2.2 Baked Goods

        3. 5.2.2.3 Dairy Products

        4. 5.2.2.4 Other Foods and Beverages

      3. 5.2.3 Pharmaceuticals

      4. 5.2.4 Other Applications

    3. 5.3 By Type

      1. 5.3.1 High Methoxyl Pectin

      2. 5.3.2 Low Methoxyl Pectin

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Spain

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 International Flavors & Fragrances

      2. 6.3.2 JM Huber Corporation (CP Kelco)

      3. 6.3.3 Cargill Incorported

      4. 6.3.4 Herbstreith and Fox Corporate Group

      5. 6.3.5 Silvateam SpA

      6. 6.3.6 Royal DSM

      7. 6.3.7 Foodchem International Corporation

      8. 6.3.8 Ingredion Incorporated

      9. 6.3.9 Lucid Colloids Ltd

      10. 6.3.10 Pacific Pectin Inc.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability
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Pectin Market Research FAQs

The Pectin Market is studied from 2018 - 2028.

The Pectin Market is growing at a CAGR of 7.27% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Europe holds highest share in 2021.

Cargill Incorporated, Royal DSM, Herbstreith and Fox Corporate Group, Ingredion Inc., International Flavors & Fragrances are the major companies operating in Pectin Market.

Pectin Industry Reports

In-depth industry statistics and market share insights of the Pectin sector for 2020, 2021, and 2022. The Pectin research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Pectin report PDF.

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