Pectin Industry Overview
| Study Period: | 2018 - 2028 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | Europe |
| CAGR: | 7.27 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 |
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| Beauty and Personal Care | ||||||
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| Pharmaceuticals | ||||||
| Other Applications |
| By Type | |
| High Methoxyl Pectin | |
| Low Methoxyl Pectin |
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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.
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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.
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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
Cargill Incorporated
Royal DSM
Herbstreith and Fox Corporate Group
Ingredion Inc.
International Flavors & Fragrances
*Disclaimer: Major Players sorted in no particular order
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. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Source
5.1.1 Citrus Fruits
5.1.2 Apple
5.1.3 Sugar Beet
5.1.4 Other Sources
5.2 By Application
5.2.1 Beauty and Personal Care
5.2.2 Food and Beverage
5.2.2.1 Jam, Jelly, and Preserve
5.2.2.2 Baked Goods
5.2.2.3 Dairy Products
5.2.2.4 Other Foods and Beverages
5.2.3 Pharmaceuticals
5.2.4 Other Applications
5.3 By Type
5.3.1 High Methoxyl Pectin
5.3.2 Low Methoxyl Pectin
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Italy
5.4.2.6 Spain
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East & Africa
5.4.5.1 South Africa
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 International Flavors & Fragrances
6.3.2 JM Huber Corporation (CP Kelco)
6.3.3 Cargill Incorported
6.3.4 Herbstreith and Fox Corporate Group
6.3.5 Silvateam SpA
6.3.6 Royal DSM
6.3.7 Foodchem International Corporation
6.3.8 Ingredion Incorporated
6.3.9 Lucid Colloids Ltd
6.3.10 Pacific Pectin Inc.
*List Not Exhaustive7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Pectin Market Research FAQs
What is the study period of this market?
The Pectin Market is studied from 2018 - 2028.
What is the growth rate of Pectin Market?
The Pectin Market is growing at a CAGR of 7.27% over the next 5 years.
Which region has highest growth rate in Pectin Market?
Asia Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Pectin Market?
Europe holds highest share in 2021.
Who are the key players in Pectin Market?
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.
