The global Pectin market stood at approximately 100 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 6% during the forecast period until 2034.
Pectin, a naturally occurring polysaccharide found in the cell walls of plants, is renowned for its versatile industrial applications. In the food industry, pectin serves as a vital gelling agent, thickener, and stabilizer, prominently featured in the production of jams, jellies, fruit preserves, and confectionery products. Its ability to form stable gels and impart desirable textures enhances the sensory appeal and shelf stability of these food items. Beyond food, pectin plays a crucial role in the pharmaceutical sector, where it acts as a binding agent in tablet and capsule formulations, ensuring uniform drug distribution and controlled release. Moreover, in the cosmetic industry, pectin finds utility as a thickening agent and stabilizer in skincare products, contributing to their texture, viscosity, and stability. Its adhesive properties make it invaluable in textile sizing and finishing, facilitating better dye and pigment application on fabrics.
The pectin market is witnessing robust growth driven by several key factors. Firstly, in the food and beverage industry, there's a burgeoning demand for natural ingredients, pushing manufacturers to incorporate pectin due to its versatile functionalities as a gelling agent, stabilizer, and thickener, particularly in products like jams, jellies, dairy items, and fruit-based beverages. Concurrently, the escalating health consciousness among consumers is propelling the adoption of pectin, sourced from fruits like citrus peel and apple pomace, as a natural and healthy ingredient, aligning with the clean label trend. Moreover, the pharmaceutical sector is increasingly utilizing pectin in oral dosage forms like tablets and capsules, leveraging its binding properties for controlled-release medications. Technological advancements in extraction methods are enhancing the efficiency and yield of pectin production, making it more economically feasible for manufacturers. The rise of functional foods and dietary supplements fortified with pectin due to its dietary fiber content and potential health benefits is further boosting its demand. The global Pectin market is likely to reach approximately 187 thousand tonnes in 2034.
Europe currently holds the largest share in the global pectin market and is poised for healthy growth in the coming years. This dominance can be attributed to several factors, including the region's well-established food and beverage industry, which extensively utilizes pectin as a key ingredient in various products such as jams, jellies, and dairy items. Additionally, increasing consumer demand for natural and clean label ingredients aligns with the perception of pectin as a natural and healthy additive, further driving its adoption in European markets. Moreover, the region's strong emphasis on research and development, coupled with technological advancements in extraction methods, contributes to the growth of the pectin market. Furthermore, Europe's robust pharmaceutical and personal care industries also contribute to the demand for pectin in applications such as oral dosage forms and cosmetics.
Based on the end-use industry, the global Pectin market is divided into Food & Beverages, Pharmaceuticals & Supplements, Personal Care & Cosmetics, and Others. Among these industries, Food & Beverages is the dominating segment and held about 65% of the global Pectin market in 2023.
Major players in the Global Pectin market are DuPont de Nemours Inc, JM Huber Corporation, CP Kelco (part of JM Huber Corporation), Cargill Inc, Herbstreith and Fox Corporate Group, Silvateam SpA, KONINKLIJKE DSM NV, Foodchem International Corporation, Ingredion Incorporated, Lucid Colloids Ltd, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Pectin which covers production, demand and supply of Pectin market in the globe.
• To analyse and forecast the market size of Pectin
• To classify and forecast Global Pectin market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Pectin market in the globe.
To extract data for Global Pectin market, primary research surveys were conducted with Pectin manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Pectin market over the coming years.
ChemAnalyst calculated Pectin demand across the globe by analyzing the volume of Pectin consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Pectin manufacturers and other stakeholders
• Organizations, forums and alliances related to Pectin distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Pectin manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Pectin market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
100 thousand tonnes
Market size Volume in 2034
187 thousand tonnes
Growth Rate
CAGR of 6% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverages, Pharmaceuticals & Supplements, Personal Care & Cosmetics, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Pectin in terms of volume in 2023?
Ans:
The global market size of Pectin has reached approximately 100 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Pectin?
Ans:
Food & Beverages industry is the leading end-user industry of Pectin globally.
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