Pectin Market

The global Pectin Market is valued at USD 1.2 Billion in 2022 and is projected to reach a value of USD 1.9 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 6.8% between 2023 and 2030.

Premium Insights

Pectin is a hydrocolloid from fruits and vegetables. Under the Food and Drug Administration (FDA) regulation, Pectin qualifies as a GRAS (generally recognized as safe) food substance. This status allows Pectin to be used without limitations. Additionally, the FDA describes Pectin as a dietary fiber that is good for our health. It offers health advantages by lowering blood sugar and blood pressure, maintaining blood cholesterol levels, easing constipation, boosting satiety, and reducing energy intake. One of the most important sources of dietary fiber is this. Although annual global production is at 60,000 tonnes, demand still outweighs supply. In food products like gelatin, locust bean gum, modified food starch, agar, guar gum, and gum Arabic, Pectin is also combined with other thickeners.

Pectin is a kind of polysaccharide found in plant cell walls and has numerous uses in various industries. Pectins are frequently used in the food industry as stabilizers, thickeners, and gelling agents in items like jams, jellies, and fruit fillings. Pectin is traditionally used in jam products because it enhances the flavor of jams, reduces cooking time, provides good flow, enhances taste and color, and lengthens shelf life. The suggested use rate is between 0.2 and 0.3 percent. Pectin is useful for making jellies smooth and creamy, adding flavor, improving mouthfeel, and reducing assimilation. Traditional jams, jellies, and preserves typically contain 0.25 percent to 0.5 percent HM Pectin and have a final pH of 3.0 to 3.5. These products also typically contain 65 percent to 75 percent S.S. Rapid set, medium rapid set, and slow set HM Pectin are available, depending on the amount of soluble solids and the size of the package. Furthermore, Pectin is used in the pharmaceutical industry as a binder in tablets and as a thickener in suspensions. Pectins are also used in the cosmetics industry for their moisturizing and emulsifying qualities, as well as in the textile industry for printing and dyeing fabrics.

Pectin production methods have been revolutionized by technological developments, improving the quality and adaptability of this natural product. To increase yields and shorten manufacturing times, novel extraction methods like enzyme- and microwave-assisted extraction have been developed. In microwave-based technology, waste orange and lime peel are converted into a variety of products that are useful to many different end markets. When recycling materials, the technology uses a sizable microwave oven to remove chemicals from the materials. Normally, the oven operates at 200 degrees or less, which is sufficient to convert waste into useful materials. Additionally, a method for biochemically converting Pectin to aldaric acid, which can then be chemically converted to monomers for bio-based polyesters and polyamides, was developed by VTT research in Finland. These developments have propelled the Pectin market forward, catering to evolving consumer demands and driving growth in the global market.

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Key Takeaways

• Europe has generated more than 40% of revenue share in 2022,
• Asia Pacific and European Regions are expected to expand at the fastest CAGR between 2023 and 2032,
• Food & Beverage application was the major application sector, which accounted for over 45% of the overall market in 2022.

Economic Insights

Sales of modified Pectin, low methoxyl Pectin, high methoxyl Pectin, and amidated Pectin make up the Pectin market. Values in this market are referred to as "factory gate values," which are the prices at which goods are sold directly to consumers or to other businesses (such as downstream manufacturers, wholesalers, distributors, and retailers). At least temporarily, the Russia-Ukraine conflict hampered the chances of a COVID-19 pandemic-related global economic recovery. Economic sanctions against a number of nations, an increase in commodity prices, and disruptions in the supply chain as a result of the conflict between these two nations have caused inflation in the prices of goods and services and had an impact on numerous markets around the world. However, the fluctuating prices of raw materials and the availability of cost-effective alternatives may pose challenges to the growth of the Pectin market.

Top Market Trends

1. Increasing Demand for Natural and Organic Ingredients Drives Growth in the Pectin market: There has been a significant demand for natural and organic alternatives all over the world due to the growing consumer awareness of the negative effects of synthetic additives. This pattern is also seen in the Pectin market, where customers are choosing Pectin that comes from organic sources like citrus and apples. Health-conscious consumers looking for products with clean labels are primarily responsible for this shift toward natural ingredients. To meet this expanding demand, producers in the Pectin market are coming up with creative ways to extract Pectin from organic sources.
2. Growing Popularity of Pectin as a Fat Replacer Stimulates Pectin Market Growth: The popularity of Pectin as a fat substitute in various food and beverage products is a result of consumers' growing desire for healthier food options. Pectin has special gelling and stabilizing qualities that improve texture and mouthfeel while also assisting in lowering the amount of fat in food. Pectin demand in the food industry has been significantly influenced by this factor as manufacturers work to create healthier and more low-fat products without sacrificing taste or quality.
3. Technological Progress Improve Pectin Extraction and Processing to Support Market Expansion: Technologies for extraction and processing of Pectin have significantly improved, which has improved Pectin quality and effectiveness. With the introduction of cutting-edge methods like enzymatic extraction and microwave-assisted extraction, traditional methods have been improved. These developments enable a higher yield of Pectin, lower energy use, and better functional property preservation. In addition to helping manufacturers meet the rising demand for Pectin in a number of industries, including food, pharmaceuticals, and cosmetics, the development of such technologies has also helped the Pectin market.

Market Segmentation

The global Pectin market can be segmented based on the following: Source, Type, Function, End-User, and Regions. Based on the Source, the market can be categorized into Citrus fruits, Apples, Berries, Peels and pomace, Sugar beets, and Other Sources. Additionally, by Type, the market can be split into High Methoxyl (HM) Pectin, Low Methoxyl (LM) Pectin, Amidated Pectin, and Other Types. Based on Function, the market can be categorized as Thickener, Stabilizer, Gelling Agent, and Other Functions. Based on End-User, the market can be segmented into Food and Beverages Industry, Pharmaceuticals Industry, Personal care and cosmetics Industry, and Other End-Users. Likewise, based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Based on Source

Citrus Fruits, Particularly Oranges and Lemons, Dominate the Pectin market as they Contain Higher Levels of Pectin Compared to Other Fruits

Citrus fruits, especially oranges, and lemons, are the most popular category in the source segment of the Pectin market. Pectin, which is primarily found in citrus fruit peel, ranges in concentration from 0.5% to 3.5% in citrus fruit. Pectins transform from an insoluble substance (unripe fruit) to a water-soluble substance (ripened fruit) during the ripening process. Citrus fruits are the preferred source for Pectin manufacturers due to their availability and abundance, as well as their relatively low price. Citrus fruits' high Pectin content also ensures a steady supply of Pectin of the highest quality, satisfying the needs of a variety of market end users.

Based on Type

High Methoxyl Pectin is the Type of Pectin Widely Used in the Food Industry due to its Gelling Properties

High methoxyl and low methoxyl Pectin are two distinct types of Pectin based on methyl esterification. More than 50% of the esterified galacturonic acid residues are present in high methoxyl Pectins, whereas less than 50% of the esterified galacturonic acid residues are present in low methoxyl Pectins. High methoxyl Pectin is the dominant type in the Pectin market's type segment. The extensive use of high methoxyl Pectin in the food industry is a result of its superior gelling and stabilizing abilities. For the creation of fruit-based spreads, jams, and jellies, it gels when combined with acidity and sugar. High methoxyl Pectin is the most popular type of Pectin on the market because it is versatile in many applications, provides a consistent texture, and is favored by consumers for its dependable performance.

Based on Function

Gelling Function is Highly Valued by Manufacturers as it Enhances the Texture, Appearance, and Overall Quality of their Products

The Pectin market's dominant category in the function segment is as a gelling agent. As a natural gelling agent, Pectin aids in giving liquid food products a gel-like consistency by thickening and setting them. The food industry highly values its capacity to gel with acidity and sugar to produce smooth spreads, jellies, and confections. For instance, Pectin has the ability to hold water and form gels in the human GI tract, which ultimately results in the binding of ions and bile acids. Pectin's ability to form gel is thought to be a potential cause of its positive health effects, which include improved glucose metabolism, improved gastric emptying, and improved cholesterol and lipid metabolism. The predominant function in the Pectin market is the gelling action of Pectin, which is crucial for maintaining the desired mouthfeel, texture, and appearance of different food products.

Based on End-User

Pectin is Widely Utilized in Food and Beverage Industry Sector as an Essential Ingredient in a Variety of Products

The food and beverage industry dominates the end-user segment of the Pectin market. Pectin is widely used in the food and beverage industry because of its properties which are highly prized. Pectin is widely used in bakery, confectionery, and dairy products as a thickener, stabilizer, emulsifier, and a gelling agent in canned jams and jellies. Most food processors prefer to use it in place of fat or sugar in low-calorie foods. A new market for edible films has recently emerged as a result of rising demand for ready-to-serve foods, freshly cut fruits, and vegetables. Pectin-based edible film formulations are the subject of extensive research because they are recyclable and biodegradable. In addition to acting as a barrier for microorganisms, these films lessen the exchange of moisture, gases, lipids, and volatiles between food and the environment. Because consumers prefer natural and healthy ingredients, the food and beverage industry has a high demand for Pectin, which has led to its dominance as the market's largest end-user.

Based on Region

Europe Dominates the Pectin market, Accounting for a Significant Share of the Global Market

Europe has a long tradition of growing fruit, and there is a sizable market for natural and organic products, which has led to the dominance of Pectin in the region. Pectin and amidated Pectin, a modified form of it, have both been given an Acceptable Daily Intake (ADI) by the Scientific Committee for Food under the European Union. The growing consumer awareness of the health advantages of natural ingredients is one of the factors driving the Pectin market in Europe. With both practical and health advantages, Pectin is frequently used as a gelling agent in jams, jellies, and confectionery products. The demand for Pectin in Europe has been boosted by consumers' growing preference for cleaner-label and healthier food products.

The use of natural ingredients in processed foods is promoted by the strict regulations on food additives that the European Union has imposed. Since Pectin is a natural ingredient, it satisfies legal requirements and is widely used by European manufacturers. This has helped the Pectin market in the area to grow even more. Research indicates that in 2022, Europe held a sizeable 40% share of the world's Pectin market. Due to the rising demand for food products with clean labels and functional ingredients, the region is anticipated to maintain its leadership status in the upcoming years. Among others, Cargill Inc., DuPont, Herbstreith & Fox, and CP Kelco are important players in the European Pectin market. With an expected annual growth rate of around 5%, Europe is expected to maintain its position as the largest region in the Pectin market in the foreseeable future.

Competitive Landscape

Numerous international and regional actors compete fiercely on the global market. Major corporations engage in strategic alliances, mergers & acquisitions, and joint ventures to acquire a market advantage. In addition, manufacturers concentrate on capacity expansions and R&D for new product development to offer consumers products that are on trend. Players in the market under study have been creating Pectin suitable for various applications as a result of technological advancement. As a natural skin feel aid, stabilizer, and pH-balancing ingredient, GENU Pectin by CP Kelco has become more popular in the personal care and beauty market. Accordingly, Pectin as an ingredient in such products can be a healthy replacement, driving growth. An increasing number of diet-conscious consumers are searching for alternatives to reduce fats and calories. For instance, Siggi's sells plant-based yogurt with 180 calories and 11g of protein. It includes coconut milk and fruit-based Pectin.

The key players in the global Pectin market include - Krishna Pectins Pvt. Ltd. (India), CP Kelco U.S. Inc. (U.S.), Tate & Lyle (UK), Cargill Incorporated (U.S.), DuPont (U.S.), Nikunj Chemicals (India), DSM (Netherlands), BASF SE (Germany), Lonza (Switzerland), Glanbia PLC (Ireland), ADM (U.S.), Lallemand Inc. (Canada), Adisseo (China), NATUREX (France), Lucid Colloids Ltd. (India), Ingredion (U.S.), Herbstreith & Fox GmbH & Co. KG (Germany), NATUREX (France), B&V SRL (Italy) among others.

Recent Market Developments

• October 2022: Cargill strengthened its 50-year partnership with Unitec Foods and Fuji Nihon Seito Corporation to promote food ingredient breakthroughs in Japan and the Asia-Pacific. Since 1972, Cargill and Unitec Foods have partnered to expand their Pectin business in the Japanese market. Using the knowledge and resources of the three parties, the new memorandum of understanding will strengthen already-existing commercial ties.
• July 2022: Herbstreith & Fox Corporate Group launched a new Pectin Classic AS 519. It is used in the manufacturing of gummy confectionary. Their functionality is flexible with difficult ingredients like acids or minerals.
• March 2022: CP Kelco, a global nature-based component consulting firm, and food ingredient startup Shiru, Inc., introduced a new partnership to promote the transition to a more sustainable food system by researching and developing succeeding plant-based proteins utilizing precision fermenting technology.

Segmentation of the Global Pectin Market