Pectin Price Trend

Pectin Prices June 2023

The price of pectin in the United States for Q2 2023 reached 10730 USD/MT in June. The year-on-year variation in citrus fruit availability is due to variations in production caused by weather conditions and lower the volume of import or export of pectin into the United States, affects the overall market sentiment of its downstream pectin.

The price of pectin in China for Q2 2023 reached 10445 USD/MT in June. In June, China's manufacturing activity contracted aimed for a decrease in export orders in various sectors like the pharmaceutical and food industries. An official survey confirmed weak domestic demand adding further stress to the already fragile economy facing weak global demand.

The price of pectin in Germany for Q2 2023 reached 10275 USD/MT in June. Pectin prices in the German market decreased in June due to a lack of end-user demand. However, buyers were reluctant to make large orders as monsoon season approached and restocking was stopped due to the higher risk of damages. Although import bids increased this week it was still significantly lower than domestic prices in the German spot market.

Pectin Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Pectin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of pectin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of pectin at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of pectin price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing pectin price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Pectin Market Analysis

The global pectin market size reached US$ 1170.8 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 2256 Million, at a projected CAGR of 7.30% during 2023-2032.

• The increasing awareness among consumers regarding the health benefits of pectin such as its role in improving digestive health, controlling blood sugar levels, and lowering cholesterol is driving the demand for pectin in the food and pharmaceutical industries. For instance, in September 2023, Cargill announced to launch of a range of LM conventional (LMC) pectins that deliver a novel texture of fruit-filled food products marketed with organic or conventional claims.
• The widespread adoption of pectin as a gelling agent, thickener, and stabilizer in food products like jams, jellies, yogurts, and confectioneries. The rising demand for natural and organic food products is boosting the use of natural ingredients such as pectin. According to the Pew Research Centre, more than half (55%) of the public says that organic fruits and vegetables are better for one's health than conventionally grown produce.
• According to the 2023 Organic Industry Survey by the Organic Trade Association, organic food sales in the United States in 2022 broke through $60 billion for the first time, hitting another high-level mark for the recycling organic sector. Total organic sales including organic non-food products were a record $ 67.6 billion.
• The growing use of pectin in the pharmaceutical industry for its prebiotic properties and as an ingredient in medical adhesives and wound healing products is contributing to the growth of the market. For instance, in February 2024, Henkel a leading manufacturer of advanced adhesive solutions for the medical industry introduced two next-generation medical grade, cyanoacrylates-based instant adhesives that offer improved safety and performance. The new products are formulated without CMR (Carcinogenic, Mutagenic or Reproductively hazardous) ingredients and are designed to offer increased strength during and after heat cycling.
• The increasing preference for products with fewer and more recognizable ingredients is driving the demand for clean-label ingredients such as pectin which is received as safe and natural.
• The growing innovation in extraction and processing technologies is improving the efficiency and functionality of pectin which is leading to its diversified applications in both existing and new product formulations.

Pectin News

The report covers the latest developments, updates, and trends impacting the global pectin market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in pectin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the pectin price trend.

Latest developments in the pectin industry:

• In October 2022, Cargill, Unitec Foods, and Fuji Nihon Seito Corporation signed a memorandum of understanding (MoU) to strengthen partnerships in innovation and got-to-market for food ingredients solutions in Japan and the Asia Pacific region.
• In March 2022, CP Kelco, a global leader in nature-based ingredient solutions, announced a new portfolio of offerings to support product development in the dynamic, fast-growing market of plant-based meat alternatives. The new range of solutions includes nature-based, cleaner label-friendly ingredient options for formulating plant-based burger and sausage alternatives and helping deliver a meat-like eating experience.

Product Description

Pectin refers to a naturally occurring polysaccharide found in the cell walls of plants, especially abundant in fruits like citrus peels and apples.

Pectin is extensively employed as a gelling agent in the food industry, majorly in the production of jams and jellies, where it aids in thickening and stabilizing the mixture.

It is also used in the manufacture of desserts, and confectionery, and as a fat substitute in baked goods. This soluble fiber has several health benefits, such as improving digestive health and lowering blood sugar levels.

It can also reduce cholesterol levels by preventing the absorption of cholesterol in the gut, making it beneficial for heart health.

Pectin is available in several forms like liquid or powder and varies in terms of its gelling properties depending on the pH and the presence of sugar and calcium.

Regional Coverage

The report provides a detailed analysis of the pectin market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the pectin price trend.

Global Pectin Price

The report offers a holistic view of the global pectin pricing trends in the form of pectin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of pectin but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed pectin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Pectin Price

During the second quarter of 2023, pectin prices in the German market witnessed a decrease in sentiment with a slight increase in May. In April, the depressed market environment of pectin was caused by the local retailers’ high stock levels and decreasing demand. However, as May commenced, the prices of pectin increased at a moderate level due to the large supply holdings of the market suppliers and the moderate demand of end users. Due to seasonal variations, the merchants decided to reduce their stock levels to avoid any losses.

This analysis can be extended to include detailed pectin price information for a comprehensive list of countries.

North America Pectin Price

During the second quarter of 2023, pectin prices showcased A decreasing trend with a moderate increase in the market. Initially, pectin prices improved slightly due to its increased uptake from downstream pharma, food, and cosmetic sectors. Suppliers slightly raised domestic prices due to an increase in the cost of production and exporting countries which improved market activity in addition, given that North America's consumer price index (CPI) in the majority of North America, US measured at 0.1% in June 2023 vs. May, domestic pectin suppliers have enough pectin inventory to satisfy nearby demand until the final weeks of June 2023.

Specific pectin historical data within the United States and Canada can also be provided.

Middle East and Africa Pectin Price

The report explores the pectin pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on pectin prices for countries can also be provided.

Asia Pacific Pectin Price

During the second quarter of 2023, pectin prices across the Asia Pacific region reflect the declining market sentiment. However, as the second quarter started, pectin prices increased across the entire Chinese market. The increase in prices in April was mainly due to the rise in demand from end-use industries like pharmaceuticals, food, and cosmetics. Production rates were also increased to replenish inventories and to meet the rise in inquiries from the global market.

This pectin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Pectin Price

The analysis of pectin prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of pectin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting pectin price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The pectin price charts ensure our clients remain at the forefront of the industry.