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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Pectin is used as a thickening agent in the preparation of food products such as jams, jellies, and other products to gel and thicken it. Pectin occurs naturally and is mostly found in fruits such as apples and oranges. Pectin is a carbohydrate substance that is present in and around of plant cell walls. They can be classified into high methoxyl pectin and low methoxyl pectin.

The global Pectin market is projected to surpass US$ 1,076.0 million by the end of 2027, in terms of revenue, growing at CAGR of 4.6% during the forecast period (2021 to 2027).

Drivers

The growing demand for hydrocolloids from the food and beverage industry is propelling the market growth of the pectin. It is used as a hydrocolloids ingredient in a food product to provide stability and enhance the viscosity of edible products. The adhesive properties of pectin enable the food product to naturally congeal the constituent of food ingredients. Moreover, increasing consumption of processed food products around the globe is further fueling the market growth of the pectin.

Rising demand for natural ingredients due to growing health-conscious consumers is driving the market growth of pectin. The growing prevalence of chronic diseases such as diabetes, obesity, and cardiac issues has further raised the demand for pectin. Moreover, pectin and its derivatives are rich in vitamin C, pectolytic enzymes, fiber, carotenoids, vitamin B, and other salts. Furthermore, it has a low calorie and fat-free nature of the fruit which makes it ideal for food ingredients. 

Europe region dominated the global Pectin market in 2020, accounting for 39.3% share in terms of volume, followed by North America, and Latin America, respectively. As a result of rising demand for dairy and functional foods, as well as product innovation.

Figure 1. Global Pectin Market, Revenue Share (%), By Region, 2020

Pectin  | Coherent Market Insights

Market Restraints

The high cost of pectin based products due to higher production cost as compared to synthetic vitamin C is restricting the adoption of pectin. This factor limits product usage only to a few demographics such as high class consumer and urban population, thereby hampering the market growth of the pectin.

Strict rules and regulations regarding pectin usage in the food &beverage industry is hindering the market growth. Moreover, the growing need for a quality standard is creating challenges for the manufacturer, thus inhibiting the market growth of the pectin.

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Pectin Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2019: US$ 776.6 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2027
Forecast Period 2021 to 2027 CAGR: 4.6% 2027 Value Projection: US$ 1,076.0 Mn
Geographies covered:
  • North America
  • Europe
  • Asia Pacific
  • Rest of World
Segments covered:
  • By Product Type: High methoxyl pectin, Low methoxyl pectin
  • By  Application: Jams & Jellies, Beverages, Bakery Fillings & Toppings, Dairy Products & Frozen Desserts, Confectionery, Meat & Poultry Products, Dietary Supplements, Functional Food, Pharmaceutical, Personal Care & Cosmetics, Others
Companies covered:

CP Kelco, Cargill, Incorporated, DuPont | Danisco, Herbstreith & Fox, Yantai Andre Pectin Co., Ltd, Naturex group, Silvateam Food Ingredients, CEAMSA ,and  Lucid Colloids Ltd.

Growth Drivers:
  • Increasing demand for hydrocolloids from the food and beverage industry 
  • Increasing demand for natural ingredients due to growing health-conscious consumers around the globe
Restraints & Challenges:
  • The high cost of pectin based products due to higher production cost as compared to synthetic vitamin C
  • Strict rules and regulations regulating the use of pectin in the food and beverage industries

Market Opportunities

Robust growth in gluten-free bakery products is projected to offer potential market opportunities in the near future. Pectin is one of the natural, safe, and ideal alternatives to gluten-based products. Thus, the growing demand for gluten-free products due to the rising prevalence of celiac disease around the globe is driving demand for pectin based food products. Also, increasing consumption of gluten-free bakery products is propelling the market growth of the pectin over the forecast period.

Increasing demand for low-fat food and beverages is expected to serve major growth opportunities over the forecast period. The increasing participation of consumers in sports activities and the growing adoption of a healthy lifestyle is boosting demand for low-fat food &beverages. Also, increasing prevalence of various lifestyle disorders such as obesity and diabetes is again propelling demand for low-fat food and beverages, this in turn fostering the market growth of the pectin. 

Figure 2. Global Pectin Market – Opportunity Analysis

Pectin  | Coherent Market Insights

Market Trends

Ready-to-drink and on-the-go drink products are gaining traction around the globe due to the hectic lifestyle of the consumers. Various manufacturers are introducing hydrocolloid products for ready-to-drink and on-the-go beverages products. For instance, in March 2017, Gellan CP Kelco, launched Kelcogel HM-B gellan gum, hydrocolloid products designed to offer a suspension of cocoa and minerals in ready-to-drink dairy-based beverages.

Growing investment in the pectin industry by the key manufacturer is projected to contribute to the market growth of pectin. For instance, in May 2017, Cargill to invest $150 million in a new pectin plant. The new plant will produce HM pectin, a versatile texturizing agent extracted from citrus fruits to help meet the growing and global demand for label-friendly pectin’s for fruit preparations, dairy, confectionery, and bakery food applications.

Figure 3. Global Pectin Market, Revenue Share (%), By Product Type, in 2020

Pectin  | Coherent Market Insights

On the basis of product type, high methoxyl pectin dominated the global pectin market in 2020 with around 51.2% of market share in terms of revenue, followed by green low methoxyl pectin, respectively. Due to the increased consumption of jam and jelly throughout the world and their application in a variety of food industries.

Global Pectin Market - Impact of Coronavirus (Covid-19) Pandemic

Due to the extreme V-shaped recovery in most emerging nations, the pectin market is fast surpassing pre-COVID levels, with a strong growth rate expected over the forecast term. To counteract the effects of the Covid-19 epidemic, key market players are implementing new tactics. Companies in the Pectin Market Industry are promoting their contactless production and delivery processes, promoting USP statements, focus on product packaging, and increase the exposure of products on online platforms as critical tactics. Also, pectin makers are attempting to extend their distribution networks as well as grow into new locations where fruit pectin is readily available. Manufacturers are aggressively pursuing different expansion plans, mostly in Asian areas.

Competitive Section

Key players are operating in the global pectin market are CP Kelco, Cargill, Incorporated, DuPont | Danisco, Herbstreith & Fox, Yantai Andre Pectin Co., Ltd, Naturex group, Silvateam Food Ingredients, CEAMSA and Lucid Colloids Ltd.

Few Recent Developments

  • In March 2017, Gellan CP Kelco, launched Kelcogel HM-B gellan gum, hydrocolloid products designed to offer a suspension of cocoa and minerals in ready-to-drink dairy-based beverages.

Pectin is a kind of fiber that is found in both fruits and vegetables. It’s a polysaccharide, which is a linear chain of indigestible carbohydrates, and a soluble fiber. Pectin expands and turn into gel when heated in the presence of liquid, making it an excellent thickening agent for jams and jellies. The pectin market is growing due to rising convenience food consumption, increased health consciousness, and pectin's multifunctionality (leading to a wide range of uses).

Market Dynamics

Pectin has become cost-effective alternative to plastics in food packaging due to rapid technical developments. Due to various recent technological development, pectin polymers are now being utilized as edible coatings or films. These coatings act as natural barriers between food and the environment, limiting the transmission of lipids, gases, moisture, and volatile compounds, consequently increasing demand for the product.

During the forecast period, High methoxyl pectin is expected to dominate the pectin market. The most common form of pectin is High methoxyl pectin, which comes in two varieties: rapid-set and slow-set. Due to the increased level of methylation, the gel strength of High methoxyl pectin remains high. However, any additional rise in the degree of methylation, i.e. more than 70%, results in a drop in its gel strength. High methoxyl pectin’s are extensively used in the manufacture of jams and jellies because they thicken the product.

The price of pectin is expected to rise due to a shortage of raw materials due to the lack of a favorable environment for citrus fruits in various geographic places. This is expected to stifle the pectin market's expansion throughout the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global Pectin market size (US$ Million and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2021 – 2027), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global Pectin market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes CP Kelco, Cargill, Incorporated, DuPont | Danisco, Herbstreith & Fox, Yantai Andre Pectin Co., Ltd, Naturex group, Silvateam Food Ingredients, CEAMSA and Lucid Colloids Ltd.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
  • The global Pectin market report caters to various stakeholders in this industry including investors, suppliers, global Pectin manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Pectin market.

Detailed Segmentation:

  • Global Pectin Market, By Product Type:
    • High methoxyl pectin
    • Low methoxyl pectin
  • Global Pectin Market, By Application:
    • Jams & Jellies
    • Beverages
    • Bakery Fillings & Toppings
    • Dairy Products & Frozen Desserts
    • Confectionery
    • Meat & Poultry Products
    • Dietary Supplements
    • Functional Food
    • Pharmaceutical
    • Personal Care & Cosmetics
    • Others (Detergents)
  • Global Pectin Market, By Region:
    • North America
      • By Product Type
        • High methoxyl pectin
        • Low methoxyl pectin
      • By Application:
        • Jams & Jellies
        • Beverages
        • Bakery Fillings & Toppings
        • Dairy Products & Frozen Desserts
        • Confectionery
        • Meat & Poultry Products
        • Dietary Supplements
        • Functional Food
        • Pharmaceutical
        • Personal Care & Cosmetics
        • Others (Detergents)
    • Latin America
      • By Product Type
        • High methoxyl pectin
        • Low methoxyl pectin
      • By Application:
        • Jams & Jellies
        • Beverages
        • Bakery Fillings & Toppings
        • Dairy Products & Frozen Desserts
        • Confectionery
        • Meat & Poultry Products
        • Dietary Supplements
        • Functional Food
        • Pharmaceutical
        • Personal Care & Cosmetics
        • Others (Detergents)
    • Europe
      • By Product Type
        • High methoxyl pectin
        • Low methoxyl pectin
      • By Application:
        • Jams & Jellies
        • Beverages
        • Bakery Fillings & Toppings
        • Dairy Products & Frozen Desserts
        • Confectionery
        • Meat & Poultry Products
        • Dietary Supplements
        • Functional Food
        • Pharmaceutical
        • Personal Care & Cosmetics
        • Others (Detergents)
    • Asia-Pacific
      • By Product Type
        • High methoxyl pectin
        • Low methoxyl pectin
      • By Application:
        • Jams & Jellies
        • Beverages
        • Bakery Fillings & Toppings
        • Dairy Products & Frozen Desserts
        • Confectionery
        • Meat & Poultry Products
        • Dietary Supplements
        • Functional Food
        • Pharmaceutical
        • Personal Care & Cosmetics
        • Others (Detergents)
    • Middle East & Africa
      • By Product Type
        • High methoxyl pectin
        • Low methoxyl pectin
      • By Application:
        • Jams & Jellies
        • Beverages
        • Bakery Fillings & Toppings
        • Dairy Products & Frozen Desserts
        • Confectionery
        • Meat & Poultry Products
        • Dietary Supplements
        • Functional Food
        • Pharmaceutical
        • Personal Care & Cosmetics
        • Others (Detergents)
  • Company Profiles
    • CP Kelco *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Cargill, Incorporated
    • DuPont | Danisco
    • Herbstreith & Fox,
    • Yantai Andre Pectin Co., Ltd.
    • Naturex group,
    • Silvateam Food Ingredients,
    • CEAMSA
    • Lucid Colloids Ltd.  

“*” marked represents similar segmentation in other categories in the respective.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Pectin Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Pectin Market – COVID-19
    • Impact Analysis
  5. Global Pectin Market, By Product Type, 2017 - 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
      • Segment Trends
    • High methoxyl pectin
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
    • Low methoxyl pectin
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
  6. Global Pectin Market, By Application, 2017 - 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
      • Segment Trends
    • Jams & Jellies
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
    • Beverages
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
    • Bakery Fillings & Toppings
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
    • Dairy Products & Frozen Desserts
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
    • Confectionery
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
    • Meat & Poultry Products
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
    • Dietary Supplements
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 – 2027
    • Functional Food
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 – 2027
    • Pharmaceutical
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 – 2027
    • Personal Care & Cosmetics
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 – 2027
    • Others (Detergents)
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 – 2027
  7. Global Pectin Market, By Region, 2017- 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2021 - 2027
    • North America
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Latin America
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Europe
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Middle East & Africa
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • CP Kelco
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Cargill, Incorporated.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • DuPont | Danisco.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Herbstreith & Fox
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Yantai Andre Pectin Co., Ltd
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Naturex group
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Silvateam Food Ingredients
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • CEAMSA. 
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Lucid Colloids Ltd
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 50 market data tables* and 45 figures* on "Global Pectin Market” – global forecast to 2027

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Frequently Asked Questions

The market for global Pectin is forecast to surpass US$ 1,076.0 million by 2027 witnessing a CAGR of 4.6% between 2021 and 2027.
Increasing demand for hydrocolloids from the food and beverage industry and increasing demand for natural ingredients due to growing health-conscious consumers around the globe is fuelling the growth of the market in the region.
The rising popularity of ready-to-drink and on-the-go drink products throughout the world and growing investment in the pectin industry by the key manufacturer is expected to boost market growth over the forecast period.
The high cost of pectin based products due to higher production cost as compared to synthetic vitamin C and strict rules and regulations regulating the use of pectin in the food and beverage sector are hampering market growth during the forecast period.
Major players operating in the market include CP Kelco, Cargill, Incorporated, DuPont | Danisco, Herbstreith & Fox, Yantai Andre Pectin Co., Ltd, Naturex group, Silvateam Food Ingredients, CEAMSA ,and Lucid Colloids Ltd.
The market was valued at US$ 776.6 Million in terms of revenue in 2020.
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