Top Emerging Trends Of Pectin Market Progress Forecast 2025

Posted by Mrudula Anil Karmarkar on April 20th, 2021

The global pectin market size is expected to reach USD 1.9 billion by 2025, at a registering a CAGR of 7.1% over the forecast period, according to a new report by Grand View Research, Inc. The rising demand for the consumption of the natural & organic product, owing to various health benefits related to it, is expected to surge the demand for pectin globally.

Demand across the organic chemicals sector shall register a slump in growth albeit increasing demand for certain chemicals that find end applications in healthcare and food. Furthermore, China, a major supplier of chemicals to the world, registered a considerable decline in manufacturing in the first quarter of 2020, following the trajectory unfolded by COVID-19's escalation to a pandemic. This has led to an imbalance in supply-demand dynamics, forcing manufacturers and customers alike to renegotiate supply agreements. The report will account for Covid19 as a key market contributor.

Pectin is a soluble fiber which is derived from various fruits such as plums, guavas, quince, strawberries, cherries, apples, carrots, apricots, oranges and citrus peels. Plant extracts are also often employed for the production of pectin. It is usually utilized as a stabilizer in desert fillings, medicines, and sweets. Fruits which have a harder exterior surface contain large amounts of pectin in them. These include gooseberries, pears, guavas, oranges, quince, apples, and plums. Whereas, soft fruits have small amounts of pectin; these include grapes, cherries, and strawberries. Pectin is generally produced as a light brown powder, for commercial use.

Pectin is often used as a thickener, stabilizer, gelling agent, fat replacer, and emulsifier. These qualities of pectin are utilized for various application segments including, food & beverage, pharmaceuticals, bakery, meat products, cosmetics and personal care. Pectin is also added to dairy products owing to its beneficial probiotics properties. Increasing health consciousness among consumers is anticipated to drive the market growth.

Agencies such as Food and Drug Administration (FDA), Environmental Protection Agency (EPA), and Council of Europe (CoE), have issued several directives and regulations governing the entire length of the value chain. These agencies govern the use of pectin for medical, food, commercial, and industrial applications.

Further key Findings from the Study Suggest:

  • The global pectin market is expected to reach 1.9 billion by 2025, growing at an anticipated CAGR of 7.1% from 2016 to 2025
  • The food & beverage application dominated the industry with over 40%of the market share in 2015, owing to its wide usage in confectionery, and carbonated drinks
  • Bakery and dairy application is also a potential market for pectin, owing to the usage of product in fruit preparations for yoghurts and fruit filling for bakery products
  • Europe dominated the market in 2015 and is projected to show the same growth trend over the next nine years
  • Asia Pacific is expected to witness the fastest growth rate with an anticipated CAGR of 7.8% from 2016 to 2025.
  • India and China are expected to show a significant growth trend in Asia Pacific region, owing to changing lifestyle trend and consumer preference for conventional food.
  • In Asia, China is the biggest producer and Japan is the biggest importer of pectin
  • The market is highly fragmented and competitive in nature, which has the presence of giant as well as small-scale companies
  • Key players present in the market are DuPont Nutrition & Health, FMC Corporation, CP Kelco, Cargill, Incorporated, Herbstreith & Fox, Devson Impex Private Limited, Yantai Andre Pectin Co. Ltd., and B&V srl.

Pectin is used for the prevention and control of various diseases including, high cholesterol high blood pressure, & blood sugar, joint pain, colon & prostate cancer, high triglycerides, gastroesophageal reflux disease (GERD) and diabetes. Pectin is also utilized for its probiotics benefits and for weight management. In addition, some people also use pectin to prevent poisoning caused by strontium, and other heavy metals.

Despite various advantages and benefits of pectin, it does have some side-effects. Some of them are when it is consumed combination with insoluble fiber and guar gum (the combination used to lower blood fats and cholesterol), it can cause digestion problems such as gas, diarrhea, and loose stools. However, it is still believed to be a remarkable health supplement for humans.

Pectin is used as a gelling & thickening agent and stabilizer in a broad range of fruit products, such as marmalades, fruit-based preparations for yogurts & desserts and bakery products. It is also used in confectionery such as jam & jellies to give them a gel structure. Major advantages of adding it in food and other products are it reduces cooking time, improves texture & color, and increases the shelf life. It is also widely used in pharmaceuticals industry for wound healing preparations and specialty medical adhesives.

Pectin is considered as safe food substance through various government food agencies. Its usage and composition are regulated under different food additive laws. Under the European Union, pectin and amidated pectin (a modified form of it) both have given an Acceptable daily intake (ADI) by the Scientific Committee for Food. In Japan, the Ministry of Health, Labor, and Welfare have recognized it as safe under the Japan's Specifications and Standards for Food Additives. In the U.S., the Food and Drug Administration (FDA) recognize it as GRAS (generally recognized as safe).

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The market is mature, fragmented, with no outright market leader. Market players are focusing on developing new technologies to achieve product differentiation. The experienced, as well as small-scale regional players, are investing in research & development activities and trying to develop new and better product for the end-user industries to gain market share.

Key players include DuPont Nutrition & Health, FMC Corporation, CP Kelco, Cargill, Incorporated, Herbstreith & Fox, Devson Impex Private Limited, Yantai Andre Pectin Co. Ltd., and B&V srl.

Grand View Research has segmented the pectin market on the basis of function, application:

Pectin Sources Type Outlook (Revenue, USD Million; 2014 - 2025)

  • Thickener
  • Stabilizer
  • Gelling agent
  • Fat replacer
  • Others

Pectin Application Outlook (Revenue, USD Million; 2014 - 2025)

  • Food & Beverage
  • Pharmaceuticals
  • Bakery
  • Dairy Products
  • Others

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

 

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Mrudula Anil Karmarkar

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Mrudula Anil Karmarkar
Joined: July 2nd, 2020
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