Market Overview
Global Pectin Market is expected to register a CAGR of 8.12%, during the forecast period (2019-2024).
- Increasing health concerns and the growing demand for natural and organic ingredients are likely to drive the global pectin market during the forecast period.
- Pectin is used as a gelling agent in a variety of fruit-based products, including jams, jellies, marmalades, fruit preparations for yogurts and desserts, and in fruit filling for bakery products.
- 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, is supporting the market’s growth from last few years.
Scope of the Report
Global Pectin Market is segmented by application as pharmaceuticals, personal care, and food & beverages - beverages, baked goods, baked goods, dairy products, and processed foods; function such as thickening, fat replacers, gelling agents, stabilizers, coating ingredients, and others, Moreover, the study provides an analysis of the pectin market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, Middle East & Africa
Key Market Trends
Rising Demand for Pectin as Gelling Agents
Pectin is used as a gelling & thickening agent and stabilizer in a broad range of fruit products, such as marmalades, fruit-based preparations for yogurts & desserts and bakery products. It is also used in confectionery such as jam & jellies to give them a gel structure. Major advantages of adding it in food and other products are it reduces cooking time, improves texture & color, and increases the shelf life. It is also widely used in pharmaceuticals industry for wound healing preparations and specialty medical adhesives. Moreover, pectin is an vital ingredient for industrial use. Industrial pectin products are extracted from natural plant-based raw materials at low pH using an addition of mineral acid to create controlled acidity.
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.
Competitive Landscape
The global pectin market is highly concentrated with major global players and is expected to remain the same during the forecast period, as the companies are expanding their production units, geographical presence, and product innovations. Some of the major players in the pectin market are B&V srl, Ceamsa, Yantai Andre Pectin Co. Ltd., DuPont Danisco, CP Kelco, Herbstreith & Fox, and FMC Corporation, among others.
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