Pectin (a polysaccharide) is a naturally occurring substance found in berries, apples and other fruits. It is a powder white to light brown in colour. Pectin, when added to water, has a tendency to hydrate very rapidly and thus forms gel. This property enables its usage as a stabilizing, thickening and gelling agent in the food industry. Pectin also offers certain health benefits. It is used to fight high cholesterol and triglycerides levels, prevent colon and prostate cancer, and combat diabetes and gastroesophageal reflux disease. A recently released report by IMARC Group titled “Pectin Market – Industry Trends, Prices, Manufacturing Process, Applications, Raw Materials, Manufacturers, Regional Breakup and Mass Balance” extensively discusses the global pectin market. The report finds that the global pectin market reached a volume of 97,487 Tons in 2015, exhibiting at a CAGR of 6% during 2008-2015. This market is further expected to reach a volume of 136,599 Tons by 2021, growing at a CAGR of 5.7% during 2016-2021.
According to the report, the global pectin market has witnessed a strong growth over the past several years in both emerging as well as mature markets. As pectin is a natural product, it is gaining prominence among the health conscious consumers. Moreover, it’s capability to create customized textures and its natural association with fruits and fruit pulp have led to an expansion in its applications in the recent years.
Pectin finds applications in various products like low sugar jams and fruit juices, diet carbonated beverages - where formulators are removing sugar for its caloric content. Furthermore, pectin is used in jams or jellies to impart a gel-like texture and in yogurts to create a soft and partly thixotropic gel texture. Besides applications in the food and beverage industry, pectin is now being used in the pharmaceutical and cosmetic sectors as well. In the pharmaceutical sector, it is used for the controlled release of drugs, treating allergic conditions; as an anti-diarrheal agent, etc. It also finds applications in ostomy devices and wound dressings, skin and hair-care products, and colour cosmetics.
The report has analysed and segmented the market on the basis of raw material sources and end-use industries. The report finds that citrus peel currently represents the most popular raw material for pectin production followed by apple peel and other fruit and vegetable residues. Based on end-use industries, dairy products currently represent the fastest growing and largest consumers of pectin. Dairy products are followed by jams and preserves, other milk drinks and fruit beverages.
Geography-wise, Europe represents the largest market for pectin accounting for nearly 40% of the total global consumption. Europe is followed by Asia, North America and Latin America. The report has further analysed the competitive landscape covering the key players operating in the global pectin market. CP Kelco is currently the world’s largest pectin manufacturer accounting for more than one-third of the global pectin production. CP Kelco is followed by Dansico, Cargill, Herbstreith & Fox Corporate group, Naturex and Yantai Andre Pectin.
The report gives a detailed roadmap for starting a pectin manufacturing plant. The study, done by one of the leading research and advisory firms, covers all the requisite aspects of the global pectin market. This ranges from a comprehensive view of the market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the pectin industry in any manner.
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