Pectin Market Trends – Rising Trend of Convenience Foods Across the Globe
Increasing applications of pectin in various end-use industries such as pharmaceuticals, cosmetic, and food and beverages, rapid advancement in processing technologies, and rising consciousness of health among individuals are some key factors expected to drive Pectin market revenue growth.
Pectin is a fiber most commonly found in fruits and is widely used as an emulsifier, thickener, and stabilizer in cooking and baking. Pectin is a carbohydrate actively found in fruits and is particular rich in the rind of apples and citrus fruits. Pectin can be produced from several fruits or other plant tissues such as beetroots. Commercially, pectin is produced from citrus peels by precipitating pectin from solution with alcohol. Pectin is widely used as viscosifier in beverages and soft drinks and high-ester pectin are used as mouth-feel improver and increasing use of pectin to thicken syrups and maintain consistency of jams and jellies are key factors expected to drive demand for pectin and contribute to market revenue growth over the forecast period. Pectin is used in dairy industry to stabilize milk drinks and yoghurts, in confectionary industry as gelling agents for jams, and in food & beverage industry due to its ability to increase viscosity and bind water.
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Pectin is used in pharmaceutical industry to reduce blood cholesterol levels and gastrointestinal disorders. Pectin is also used to produce edible films, paper substitute, and foams and plasticizers, among others. Pectin is widely used in various end use industries due to its gelling properties and this is expected to further boost revenue growth of the market going ahead. Pectin has been widely used as binding agents in tablets, carrier for drug delivery to gastrointestinal tract, and as a controlled-release matrix in tablet formulations. However, pectin can cause stomach cramps, diarrhea, gas, and heartburn and this can limit its usage in certain applications and hamper revenue growth of the market to a certain extent over the forecast period.
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High Methoxyl (HM) Pectin Segment to Register Significant Revenue Growth:
High methoxyl pectin segment is expected to register significant revenue growth over the forecast period over the forecast period attributable to increasing use of high methoxyl pectin in canning applications, to boost mouthfeel in yogurt and yogurt-based drinks, jams and jellies, and confectionaries, and its ability to form gels quickly during the production of jams and jellies.
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Food and Beverage Application Segment to Dominate Other Application Segments:
Food and beverage application segment is expected to account for significantly large revenue share over the forecast period attributable to increasing use of pectin in confectionary items and bakery products due to its excellent setting properties and stabilizing attributes, growing demand for pectin due to its use as emulsifier, thickener, and gelling agent, and its ability to provide texture and protein stability in a wide range of food applications.
Europe to Lead in Terms of Revenue Share:
Europe is expected to account for a significantly large revenue share in the global market over the forecast period attributable to increasing demand for functional and convenience foods, rising production of citrus fruits in the region, and rapid consumer shift to plant-based and vegan foods. In addition, growing pharmaceutical research, rapid innovations in pectin market, and presence of key players in the region are some other key factors expected to drive market growth.
Major Companies in the Market Include:
- Cargill, Inc.
- CP Kelco
- Tate & Lyle PLC
- Koninklijke DSM N.V.
- Lucid Colloids
- Silvateam S.p.A
- Compania Espanola de Algas Marinas S.A.
- Herbstreith & Fox Corporate Group
- Yantai Andre Pectin Co. Ltd.
- B&V Srl
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For the purpose of this report, Emergen Research has segmented the global pectin market on the basis of product type, raw material type, function, application, and region:
Product Type Outlook (Revenue, USD Million; 2017-2027)
- High-methoxyl (HM) Pectin
- Low-methoxyl (LM) Pectin
Raw Material Type Outlook (Revenue, USD Million; 2017-2027)
- Citrus Fruits
- Sugar Beet
Function Outlook (Revenue, USD Million; 2017-2027)
- Gelling Agents
- Fat Replacers
Application Outlook (Revenue, USD Million; 2017-2027)
- Food & Beverage
- Jams, jellies, and spreads
- Bakery & confectionary
- Sauces and Dressings
- Dairy Products
- Meat & Poultry Products
- Baby Foods
- Prepared Foods
- Industrial Applications
- Personal Care Products
Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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