The global pectin market reached a value of US$ 990 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1588.5 Million by 2027, exhibiting a CAGR of 8.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Pectin is a plant-based soluble fiber compound commercially produced in the form of white and light brown powder. It is a polysaccharide starch extracted from the cell walls of fruits and vegetables, such as apples, sugar beet, apricots, oranges and carrots. It is also used as a gelling agent to thicken the consistency of jams, marmalades and jellies and is added to fruit juices and milk-based beverages as a stabilizer. It aids in reducing the cooking time, improving texture and color and increasing the shelf life of the product. It is also used in the manufacturing of pharmaceutical products for wound healing preparations and specialty medical adhesives. Regular consumption of pectin can aid in reducing cholesterol levels, heartburn and diabetes and gastroesophageal reflux disease (GERD). Pectin Market Trends:
Significant growth in the food and beverage industries across the globe is one of the key factors creating a positive outlook for the market. Pectin is widely used in ready-to-eat (RTE), packaged and convenience food products due to shifting consumer dietary preferences and hectic schedules. In comparison to gelatin, pectin is vegan and easily soluble in cold water. In line with this, the increasing health consciousness among the masses is providing a thrust to the market growth. Pectin is a rich source of phytochemicals, folic acid and potassium and is widely added to medicines and cosmetic products. It is used for improving structural stability in pastes, ointments, oils and creams and as a thickener in hair tonics, body lotions, shampoos and conditioners. Moreover, the increasing adoption of high methoxyl (HM) pectin as a natural stabilizer and a gelling agent is providing a thrust to the market growth. Other factors, including the increasing expenditure capacities of the consumers, along with rising demand for natural and clean label ingredients, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pectin market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on raw material and end use.
Breakup by Raw Material: Citrus Peel
At present, citrus peel represent the most widely used raw material for pectin production.
Breakup by End Use:
Jams and Preserves
Drinkable and Spoonable Yoghurt
Bakery and Confectionary
Other Milk Drinks
Among these, jams and preserves currently account for the largest market share at the global level.
Breakup by Region:
On a regional basis, Europe exhibits a clear dominance in the market, holding the majority of the total market share.
The competitive landscape of the industry has also been examined, along with the profiles of the key players. Some of these players include CP Kelco (J.M. HUBER Group), DuPont de Nemours, Inc., Cargill Incorporated, Herbstreith & Fox GmbH & Co. KG, Naturex SA and Yantai Andre Pectin Co. Ltd. Key Questions Answered in this Report
1. What was the size of the global pectin market in 2021?
2. What are the key factors driving the global pectin market?
3. What has been the impact of COVID-19 on the global pectin market?
4. What is the breakup of the global pectin market based on the raw material?
5. What is the breakup of the global pectin market based on the end use?
6. What are the key regions in the global pectin market?
7. Who are the key companies/players in global pectin market?