What Has Been the Progress and Growth of the Pectin Market in Recent Years?
The pectin market has seen considerable growth due to a variety of factors.
• Over the last few years, the pectin market size has been expanding robustly. It is project to rise from $1.28 billion in 2024 to $1.37 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The expansion in the previous period is due to several factors, including the growth of the fruit processing industry, heightened awareness of health benefits, globalization of the food trade, diversification of pectin uses, and the implementation of government laws and standards.
What Can Be Expected from the Pectin Market?
The Pectin market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the pectin market is predicted to witness robust growth, reaching an estimated value of $1.79 billion in 2029 with a compound annual growth rate (CAGR) of 6.9%.
The upward trajectory during the forecast period is due to the clean label movement, a rise in demand for low-sugar and sugar-free products, increasing popularity of functional foods, growth in the pharmaceutical sector, and more usage in the pet food industry. Key trends during this period include the shift towards biodegradable packaging, advancements in pectin extraction technology, research and innovation in pectin types, focus on sustainable sourcing, and incorporation in nutraceuticals.
What Are the Critical Driver Fuelling The Pectin Market's Growth?
The escalating usage of food and beverages is anticipated to fuel the expansion of the pectin market. The term food and beverage encompasses cooked or processed consumable items intended for human consumption, with pectin frequently being utilized in these items due to its ability to regulate blood sugar levels and maintain gut health. Moreover, an increase in disposable income, urbanization, and changing lifestyles are contributing to an escalation in food and beverage consumption. For example, the National Association of Convenience Stores, a US-based industry group, disclosed that total industry foodservice sales in 2023, constituted 26.9% of in-store sales, a rise from 25.6% in 2022. This includes prepared food, commissary items, and dispensed beverages. Furthermore, there was a 12.2% per store per month increase in prepared food sales in 2023 compared to the prior year, marking it as the top category for in-store sales. Consequently, the growing consumption of food and beverages is expected to stimulate the pectin market.
How Is The Pectin Market segmented?
The pectin market covered in this report is segmented –
1) By Type: HM Pectin, LM Pectin
2) By Function: Thickener, Stabilizer, Gelling Agent, Fat Replacer, Other Functions
3) By Raw Material: Citrus Fruits, Apples, Sugar Beet
4) By Distribution Channel: Direct, Indirect
5) By Application: Food And Beverage, Pharmaceuticals, Bakery, Dairy Products, Other Applications
Subsegments:
1) By HM Pectin (High Methoxyl Pectin): Citrus HM Pectin, Apple HM Pectin
2) By LM Pectin (Low Methoxyl Pectin): Citrus LM Pectin, Apple LM Pectin
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What New Trends Are Influencing The Pectin Market?
Leading businesses in the pectin market are concentrating on the development of enzyme functionality technology to amplify the effectiveness and quality of pectin extraction. This would improve the stability of their products while widening its uses in food, pharmaceuticals, and cosmetics. The term 'enzyme functionality' pertains to the specific biochemical activity of enzymes that enable reactions, thereby boosting processes such as extraction and modification across diverse industries. To illustrate, in September 2024, International Flavors & Fragrances, Inc., a company based in the US, introduced DIAZYME NOLO, a product aimed to enrich the flavor profile and the sensation of mouthfeel in NOLO beers. This cutting-edge solution transforms fermentable maltose into non-fermentable isomalto-oligosaccharides (IMOs), allowing brewers to produce full-bodied drinks that replicate the experience of conventional beers while maintaining low levels of alcohol.
Who Are the Key Players In The Pectin Market?
Major companies operating in the pectin market include:
• CP Kelco
• Cargill Incorporated
• Herbstreith and Fox GmbH
• Naturex Inc.
• Lucid Colloids Ltd
• Silvateam SpA
• Koninklijke DSM N.V.
• Ingredion Incorporated
• International Flavors and Fragrances Inc.
• FMC Corporation
• Yantai Andre Pectin Co. Ltd
• Tate & Lyle LLC
• Ceamsa
• B.&V.SRL
• Haisheng Group
• Pomona's Universal Pectin
• JM Huber Corporation
• Foodchem International Corporation
• Pacific Pectin Inc.
• Jinfeng Pectin
• Yuning Bio-Tec
• Obipektin AG
What Is The Most Dominant Region In The Pectin Market?
Europe was the largest region in the pectin market in 2024. Asia-Pacific is expected to be the fastest-growing region in the pectin market report during the forecast period. The regions covered in the pectin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
