Pectin Market By Function (Thickener, Stabilizer, Emulsifier, Coating), By Applications (Food products, Pharmaceuticals, Animal Feed) By Region (North America, Latin America, Europe, East Asia) - Global Market Insights 2023 to 2033
Analysis of Pectin Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Pectin Market Outlook (2023 to 2033)
Due to its distinct structural and biochemical features, pectin, a plant-based hydrocolloid, is frequently used as an ingredient in numerous culinary products, the pharmaceutical industry, and other uses, including the creation of edible films, plasticizers, paper alternatives, and foams. Since different plants produce it with different functional qualities, the term "pectin" is used to refer to the wide range of polymers that varies in neutral sugar concentration, molecular weight, and chemical structure.
Pectin, a carbohydrate found in plant cell walls, is typically derived from citrus fruits like apples, oranges, berries, and lemons. Heat in an acidic environment can change insoluble into soluble one. When it is dissolved in water under particular proper circumstances, gel is produced.
It is commercially available in a powdered form that is typically white or light brownish in colour and has been known for centuries to have gelling properties. Because of its gelling abilities, it is frequently used to thicken and stabilise foods, especially jams and jellies, transforming their syrupy texture into a spreadable one. They are also included in other fruit-based items such as yoghurt, desserts, drinks, and bakery goods.
Pectin is also widely used in pharmaceutical industries for wound healing preparations and other medical adhesives. In addition to these properties, it is also a rich source of dietary fibre, showing several health benefits such as lowering cholesterol, improving insulin resistance, preventing colour cancer, diabetes control and others.
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What are impelling factors for market growth?
It is used in making foams and plasticizers. apple pomace and Orange peels are major sources of commercial due to their less gelling behaviour from other sources. Nowadays, majority of the consumers look for products that can reduce cooking time and offer a better texture, colour, odour and long shelf life to food products.
It exhibits stabilizing, gelling and thickening properties and due to these diverse properties, it has gained widespread importance in recent years, especially in the food and beverage industry.
The market is witnessing extensive growth, owing to a rise in the demand for gelling agents in food products such as jams and jellies; consequently, there has been an increase in the fruit pectin manufacturing capacity of major players and growth in the applications in poultry and meat related products, bakery products, fruit beverages, pharmaceuticals and others.
It’s often regarded as one of the most acceptable and safest food additives used in many food ingredients. Moreover, it is also advantageous for patients suffering from diabetes, colour and prostate cancer and high cholesterol. Attributing to these factors and functional properties, pectin is considered a vital food additive and hence, the market for it is liable to increase and expand significantly.
Stiff competition and fragmentation prevail in the global market. In this market with a large number of local and regional players, key players have resorted to product innovation, investments, and acquisitions to gain a competitive advantage. Some of the key players operating in the global market include
- CP Kelco
- Cargill Inc.
- Devson Impex Pvt. Ltd.
- Nestlé S.A.
- Danone S.A.
- Kellogg NA Co.
- Yantai Andre Pectin Co. Ltd.
- Danisco A/S
- B&V srl
- Pacific Pectin Inc.
- Silvateam S.p.A
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What are the opportunities ahead of Manufacturers in the market?
The potential for the growth of the market is quite high, owing to its various diversified applications, properties and multi-functionality. Attributing to the busy lifestyles these days, consumer eating habits are changing and consumers are getting more concerned about their physical health and fitness, thus making healthier and easily available food and beverage choices.
This fulfils all these requirements without affecting the flavour and taste along with enhancing the texture of the product as well. Moreover, the market is fragmented and mature and with not many outright market leaders, hence attracting more market opportunities for the participants worldwide. In addition, it is naturally available and easily extractable holding the largest share in the food and beverage industry, further leading to immense growth and opportunities in the market.
Its uses have been expanded beyond the food sector into the pharmaceutical industry. Due to its good physiological characteristics including rheological, gel-forming and texture. They are good sources of antioxidants. Its wound-healing properties make it ideal to be applied to pharmaceuticals.
The European market is followed by North America are two leading regions in this industry. The demand in these regions is high due to growth in end-use applications of the product. the region accounts for the majority of the market share. Brazil is one of the leading producers followed by Mexico and Argentina.
Asia Pacific market is projected potential region for growth in this market due to demand from emerging giant economies such as China and India. Changing lifestyles in these regions are impacting their food preferences in these countries and are anticipated to turn in the favour of manufacturers.
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Competitive landscape highlights only certain players
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By Function :
- Gelling Agent
- Fat Replacer
By Applications :
- Food products
- Bakery & Confectionery
- Meat and Poultry
- Sauces & Dressings
- Dairy Products
- Animal Feed
- Food products
By Regions :
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa
- FAQs -
The use of pectin as a thickening or jellying agent in the production of yoghurt, jam, and jelly.
Asia Pacific is likely to be a region with lucrative opportunities for manufacturers.
The market is segmented on the basis of – Functions, Application and Regions.