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Global Pectin Market Size and Share Analysis 2023-2028
The pectin market is projected to witness substantial growth over the forecast period, with an expected increase from USD 957.7 million in 2023 to USD 1,261.2 million by 2028, at a compound annual growth rate (CAGR) of 5.66%. Pectin, a structural acidic heteropolysaccharide found in the cell walls of plants, is derived entirely from real fruits and vegetables.
The market growth is primarily attributed to the diverse range of applications for pectin across various industries such as pharmaceuticals, cosmetics, and food and beverages. Traditionally used as a jellying agent in jams and jellies, pectin has expanded its application areas. For instance, GENU Pectin by CP Kelco has gained popularity in the personal care and beauty market as a natural skin feel aid, stabilizer, and pH-balancing ingredient. Additionally, pectin offers a healthier alternative for diet-conscious consumers seeking products with reduced fats and calories. Siggi’s, for example, incorporates fruit-based pectin in its plant-based yogurt, which contains 11g of protein and 180 calories.
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USD 907.3 million in 2021
Source, Application, Type, and Geography
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The increased usage of pectin in fruit juices for improved mouthfeel, acidified dairy applications for protein stabilization, low-calorie jams, and acidified protein drinks has also contributed to market growth. Food and beverage manufacturers are increasingly aware of the multifunctionality of pectin, as it not only reduces cooking time but also enhances texture, color, and shelf life. Furthermore, significant investments in research and development have fueled market growth. For instance, VTT research in Finland has developed a method to convert pectin into aldaric acid, which can then be further converted into monomers for bio-based polyesters and polyamides.
In conclusion, the pectin market is poised for substantial growth due to its wide range of applications and the increasing awareness of its benefits among various industries. As consumers continue to seek healthier and natural alternatives, the demand for pectin is expected to rise, driving market expansion in the coming years.
The market is segmented based on various factors, including Source, Application, Type, and Geography.
Segmentation by Source
Segmentation by Application
Beauty and Personal Care
Food and Beverage – Jam, Jelly, and Preserve, Baked Goods, Dairy Products, Other Foods and Beverages
Segmentation by Type
High Methoxyl Pectin
Low Methoxyl Pectin
Segmentation by Geography
North America – United States, Canada, Mexico, and Rest of North America
Europe – United Kingdom, Germany, France, Italy, Spain, Russia, and Rest of Europe
Asia-Pacific – China, Japan, India, Australia, and Rest of Asia-Pacific
Latin America – Brazil, Argentina, and Rest of Latin America
Middle East and Africa – Saudi Arabia, South Africa, and Rest of Middle East and Africa
Pectin, a hydrocolloid derived from real fruits and vegetables, has gained popularity among consumers due to their preference for plant-based ingredients and clean flavors, as opposed to animal-based gelatin. This consumer inclination towards clean-label ingredients has driven the growth of the pectin market. Manufacturers of pectin are proactively offering clean-label options to meet the demand of processed food manufacturers. For example, DuPont provides pectin for reduced-fruit spreads, jams, and ice creams, which eliminate the need for calcium salts and contribute to cleaner labels. Clean-label ingredients are widely embraced by global consumers as they are perceived to be healthier and more environmentally friendly. Consumers prioritize products that contain natural, recognizable, minimally processed ingredients. According to the International Food Information Council (IFIC), a survey conducted in June 2021 revealed that 64% of US consumers prefer food products made with clean ingredients, and 63% consider food and beverage ingredient lists when making purchasing decisions.
Furthermore, consumers are increasingly aware of the negative effects of artificial and synthetic ingredients and prefer cleaner, organic, and natural alternatives. They seek transparency in food ingredients and associate clean-label products with simplicity, recognizability, and healthiness, free from preservatives and artificial additives. Consequently, there is growing demand for natural preservatives such as pectin, which can serve as thickeners, gelling agents, texturizers, and stabilizers in food processing, lengthening the shelf life of food products and enhancing product preservation during cooking. The rising demand for clean-label ingredients and natural food additives like pectin, coupled with governmental regulations favoring natural additives in food products, are driving the market’s growth.
In terms of geographical distribution, Europe holds the largest market share in the pectin market, followed by North America. The demand in these regions is driven by the presence of diverse end-use applications for pectin. The increasing use of hydrocolloids, including pectin, for thickening and gelling properties in food products has contributed to market growth. Additionally, the growing vegan population in these regions has also influenced the market. For instance, customers in the United Kingdom are reducing their meat consumption and adopting vegan and plant-based diets, which has increased the demand for plant-based compounds like pectin. A survey conducted by The Vegan Society in May 2021 revealed that one in four Britons had reduced their consumption of animal products since the COVID-19 outbreak began. Furthermore, 20% of respondents reported a reduction in meat consumption, while 12% indicated a decrease in dairy and egg consumption. Consequently, consumers are seeking naturally derived or vegan options, which further fuels the market growth of pectin.
Similarly, the pectin market has experienced growth in the Russian food industry due to its diverse applications and properties. Pectin is utilized as thickeners, stabilizers, film and gel formers, and overall, to maintain or enhance food quality. This has resulted in the market’s expansion within Russia’s food industry. The pharmaceutical market in Germany also presents potential for pectin due to its versatility and the introduction of Modified Citrus Pectin (MCP), which has been adapted for dietary supplements and pharmaceutical applications. Innovation in both the pectin and pharmaceutical markets in the region is expected to further drive the market’s growth.
The global pectin market exhibits a high level of competition, primarily led by renowned international players such as International Flavors & Fragrances, Inc., Cargill Incorporated, Herbstreith Fox Corporate Group, Ingredion Inc., and Royal DSM, among others. These prominent market players have placed considerable emphasis on the development of novel and innovative products, specifically tailored to meet the requirements of various applications. Moreover, these companies are keen on expanding the production capacities of their existing facilities while heavily investing in research and development endeavors. Consequently, the market is poised to witness a significant number of product launches throughout the forecast period.
Key companies profiled in this report include International Flavors & Fragrances, JM Huber Corporation (CP Kelco), Cargill Incorported, Herbstreith and Fox Corporate Group, Silvateam SpA, Royal DSM, Foodchem International Corporation, Ingredion Incorporated, Lucid Colloids Ltd, Pacific Pectin Inc., Givaudan, B&V srl.
Recent Industry Developments
Cargill, in October 2022, has further bolstered its longstanding partnership of 50 years with Unitec Foods and Fuji Nihon Seito Corporation to drive advancements in food ingredients in Japan and the Asia-Pacific region. Since 1972, Cargill and Unitec Foods have collaborated to expand their pectin business within the Japanese market. Leveraging the collective knowledge and resources of all three entities, the newly established memorandum of understanding will reinforce their existing commercial ties.
Herbstreith & Fox Corporate Group, in July 2022, introduced a new product called Pectin Classic AS 519, specifically designed for the production of gummy confectionery. This innovative pectin offers remarkable adaptability when working with challenging ingredients such as acids or minerals.
In March 2022, CP Kelco partnered with Shiru to introduce a new line of ingredients. Among them is a pectin-based juiciness enhancer that caters to the growing demand for plant-based meat substitutes, offering improved texture and flavor.
Key Questions Answered
What is the study period for the Pectin Market?
The study period for the Pectin Market is from 2018 to 2028.
What is the growth rate of the Pectin Market?
The Pectin Market is experiencing a compound annual growth rate (CAGR) of 5.66% over the next five years.
What is the size of the Pectin Market?
The Pectin Market is projected to reach USD 957.7 million in 2023 and is expected to grow at a CAGR of 5.66% to reach USD 1,261.2 million by 2028.
Which region has the highest growth rate in the Pectin Market?
Asia Pacific is witnessing the highest CAGR from 2018 to 2028 in the Pectin Market.
Which region has the largest share in the Pectin Market?
Europe holds the highest market share in 2022 in the Pectin Market.
Who are the key players in the Pectin Market?
The major companies operating in the Pectin Market include Cargill Incorporated, Royal DSM, Herbstreith and Fox Corporate Group, Ingredion Inc., and International Flavors & Fragrances.