According to the latest report by IMARC Group, titled “Pectin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 990 Million in 2021. Looking forward, IMARC Group expects the global pectin market to reach US$ 1588.5 Million by 2027, exhibiting at a CAGR of 8.7% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Pectin, with the molecular formula C6H10O7, is a structural heteropolysaccharide that is mostly found in ripe fruits. It is available in the form of solid powder, white to light brown in color, which is soluble in pure water and insoluble in alcohol and inorganic solvents. Commercially, pectin is obtained by aqueous extraction from edible plant materials, such as apple pomace and citrus peel. It is a high source of fiber and is known to lower cholesterol levels and control diarrhea among children.
Global Pectin Market Trends:
Pectin is widely used as a gelling, stabilizing and thickening agent in a variety of fruit-based products, such as marmalades, jellies, jams, fruit filling for bakery products and fruit preparations for desserts and yogurts. Along with this, the usage of pectin has increased in wound healing preparations, specialty medical adhesives and as a natural structure provider for pastes, oils, and creams. Owing to this, there has been a rise in the demand for pectin in the pharmaceutical and cosmeceutical sectors, wherein it is utilized to boost the viscosity and stability of gels or creams. Moreover, researchers are focusing on developing numerous methods for improving the efficiency of the pectin extraction process. Some of the other factors bolstering the market growth are the increasing demand for natural and organic ingredients, growing health concerns and the changing preferences of consumers toward functional foods.
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Market Segmentation:
Raw Material Insights:
Citrus peel, apple peel and other fruit and vegetable residues are the major raw materials used in the production of pectin. Currently, citrus peels are the most popular raw material used for pectin production as they contain around 20-30% of pectin.
End-Use Insights:
Based on end-use, the report finds that jams and preserves currently represent the largest end-use segment of pectin as it preserves their fresh flavor and maintains their natural color. It is followed by drinkable and spoonable yoghurt, bakery and confectionery, fruit beverages and other milk drinks.
Regional Insights:
On a geographical front, Europe is the leading market for pectin on account of its high demand in the food and beverages industry. Other major regions are Asia, North America and Latin America.
Competitive Landscape:
The market is highly concentrated with the presence of a handful of players due to high capital investment. Some of the leading players operating in the market are:
- CP Kelco
- DuPont (NYSE:DD)
- Cargill
- Herbstreith & Fox
- Naturex
- Yantai Andre Pectin
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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