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Pectin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The global pectin market is segmented by source (Citrus Fruits, Apple, Sugar Beet, and 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. The report offers market size and forecasts in value terms in USD million for all above segments.

Market Snapshot

Pectin Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 7.27 %

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Market Overview

The global pectin market was valued at USD 887.67 million in 2020 and projected to register a CAGR of 7.27% during the period, 2021-2026.

In India, the export of fruits has fallen by about 70% since the lockdown began in late March 2020, largely because of high air freight charges. The Indian fruit and vegetable exporters, export their products via flight to ensure the quality and freshness of their products. But with airlines increasing their freight charges by as much as 166% to INR 250/kg, the trade of fruits and vegetables is expected to have a negative impact on the domestic market. The export restrictions have a direct impact on prices of the agricultural commodities including fruits and vegetables, which will automictically have a negative price effect on its processed products such as pectin.

Diverse applications of pectin in industries, such as pharmaceutical, cosmetic, and food and beverage, have contributed in 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. However, 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.

Scope of the Report

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, sugar 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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Key Market Trends

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, 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 Market1

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. Brazil is one of the largest producers of pectin, followed by Denmark and Mexico. Argentina is also a key country for growth of citrus fruits. However, there are no major production capability in the nation owing to unfavorable weather patterns and decreasing demand for lime juice. This has resulted in reducing plantation of lime trees. Asia Pacific is a potential market owing to the presences of emerging countries such as Chain and India. Changing lifestyle and food preference in these countries is expected to boost the market in the region.

 

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Competitive Landscape

The global pectin market is consolidated, with international players dominating the market studied such as Dupont Incorporated, Cargill Incorporated, Herbstreith Fox Corporate Group, 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.

Recent Developments

In 2020, Herbstreith and Fox acquired Givaudan SA (Vernier, Switzerland), its pectin business, part of the Naturex portfolio. The expansion increased in the company’s core markets across Europe, North Africa, and Middle East while gaining a stronger foothold in Poland.

In 2017, Cargill introduced vegan pectin range solutions in meat alternative food applications because pectin is a great plant-based stabilizer. The vegan portfolio also has options ideal for shelf-stable fillings and gels used in confections, such as biscuits and pastries.

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

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 Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 DuPont de Nemours Inc.

      2. 6.4.2 JM Huber Corporation (CP Kelco)

      3. 6.4.3 Cargil Incorported

      4. 6.4.4 Herbstreith and Fox Corporate Group

      5. 6.4.5 Silvateam SpA

      6. 6.4.6 KONINKLIJKE DSM NV

      7. 6.4.7 Foodchem International Corporation

      8. 6.4.8 Ingredion Incorporated

      9. 6.4.9 Lucid Colloids Ltd

    5. *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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Frequently Asked Questions

The Global Pectin Market market is studied from 2016 - 2026.

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

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Dupont Incorporated , Cargill Incorporated, Herbstreith and Fox Corporate Group, Royal DSM, Ingredion Incorporated are the major companies operating in Global Pectin Market.

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