Pectin is a carbohydrate found in all fruits and vegetables and is important for plant growth. Industrially, it is extracted from citrus peels or apple pomace, and is used as a gelling agent, thickener, water binder and stabilizer in foods, medicines, etc. IMARC Group’s latest report “Pectin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, finds that the global pectin market has grown at a CAGR of 5.7% during 2014-2019. According to the report, the global demand of pectin is currently being driven by its capability to create customized textures and its natural association with fruit and fruit pulp. The report provides a comprehensive insight into the industry including its market breakup by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of pectin, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.
The report has analysed the global market for pectin on the basis of its end-uses. Pectin has a number of functional qualities which find uses in various industries. Traditionally, pectin has been used as a jellying agent in jams and jellies. These days, however, it is being used as a stabilizing and thickening agent as well. The dairy products segment represents the largest and fastest-growing consumer of pectin as it is used in low-fat dairy products as a texturizer. The other applications of pectin cover bakery products, fine foods, confectionery and spreads. Pectin is also used in the pharmaceutical industry and cosmetic industries in order to boost the viscosity and stability of gels or creams.
The report has analysed the global pectin market on the basis of key regions and finds that Europe represents the largest market for pectin accounting for more than a third of the total global consumption. Europe is followed by Asia, North America and Latin America. Assessing the global imports and exports of pectin, the report finds that the United States is the largest global importer of pectin followed by Germany, Russian Federation, Japan and China. Brazil, on the other hand, is the largest exporter of pectin.
The report has analysed the global competitive landscape of the pectin market. As the pectin manufacturing process is complex and capital intensive, it is dominated by a handful of companies. The report finds that CP Kelco is currently the world’s largest pectin manufacturer accounting for nearly a third of the total global pectin production. CP Kelco was followed by Dansico, Cargill, Herbstreith & Fox Corporate group, Obipektin AG and Yantai Andre Pectin.
The global pectin market size reached 77,611 Tons in 2019.
According to the estimates by IMARC Group, the global pectin market will exhibit moderate growth during the next five years.
As the coronavirus disease (COVID-19) is spreading rapidly, the consumption of functional and nutritious food products has increased across the globe. Consequently, there is a rise in the demand for pectin to manufacture dairy products and fruit beverages.
The utilization of pectin as a gelling, stabilizing and thickening agent in the preparation of bakery and confectionery items represents one of the key factors spurring the market growth.
The growing popularity of natural and organic ingredients in manufactured goods acts as a significant trend in the market.
On the basis of raw materials, the market has been classified into citrus, apple and other peels.
Based on the end-use, the market has been segregated into jams and preserves, drinkable and spoonable yogurt, bakery and confectionery, fruit beverages, other milk drinks, and others.
Region-wise, the market has been segmented into Europe, Asia, North America, Latin America and others.
Leading industry players are CP Kelco U.S., Inc. (J.M. HUBER Group), DuPont de Nemours, Inc., Cargill, Incorporated, Herbstreith & Fox GmbH & Co. KG, Naturex S.A. and Yantai Andre Pectin Co., Ltd.
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