Pectin Market by Type (HM Pectin, LM Pectin), Raw Material (Citrus fruits, Apples, Sugar beet), Function, Application (Food & beverages, Pharmaceutical & Personal Care Products, Industrial Applications), and Region - Global Forecast to 2025

The pectin market is projected to grow at a CAGR of 6.5% from 2019 to 2025.
The global pectin market is estimated to be valued at USD 1.0 billion in 2019 and is projected to reach USD 1.5 billion by 2025, recording a CAGR of 6.5%. Factors such as an increase in the consumption of convenience foods, rise in health consciousness among consumers, and multi-functionality of pectins, leading to its widening scope in applications and an increase in the demand for natural pectin is driving the growth of the global pectin industry.
The food & beverages segment projected to be the largest segment in the pectin market during the forecast period.
Pectin increasingly finds use in the food & beverages, pharmaceutical & personal care products, and industrial applications. Pectins are used in various food & beverage applications such as jams, jellies, and spreads; bakery & confectionery; beverages; dairy products; and other applications such as meat & poultry products, sauces & dressing, baby food, and prepared foods. They are used in various dairy products, such as ice cream and milk, where they act as stabilizing, thickening, and gelling agents. Pectins also improve the cooking yield and texture in meat & poultry products. They affect the viscosity of water-based food products and beverages, acting as binding agents. Pectin is used to improve the quality, texture, and stability of baked foods; whereas, in sauces & dressings, it acts as a water binder and stabilizer.
The citrus fruits segment to witness the fastest growth during the forecast period.
By raw material, the pectin market has been segmented into citrus fruit, apple, sugar beet, and others, which include sunflower, pear, guava, quince, plum, and berries. The demand for citrus fruits from the pharmaceutical & personal care industries has drastically increased over the last decade. Citrus fruits form the segment in the pectin market across the globe; they contain active phytochemicals that can protect the health of the consumers, and in addition to this, they also abundantly provide vitamin C, folic acid, and potassium. Sugar beet pectin extracts show a potential role as an emulsifier apart from a gelling agent, due to which it becomes a possible substitute for gum arabic as less quantity is required to activate the oil-water interface.

Europe market is estimated to account for the largest market share due to the high demand from Asia Pacific regions.
In 2019, Europe is estimated to hold the largest market share as the region Factors influencing its market dominance include high demand for functional dairy products, convenience foods, higher per capita consumption of jam & jellies and baked goods, and the presence of prominent players in the region. The Asia Pacific market is projected to grow at the highest CAGR in terms of value during the forecast period, driven by the growing demand for convenience foods, functional dairy products, and baked goods, coupled with the changing lifestyle trends in the region.

Break-up of Primaries
 By Company Type: Tier 1 - 45%, Tier 2 - 33%, and Tier 3 - 22%
 By Designation: C-level - 33%, D-level - 45%, and Others* - 22%
 By Region: North America – 15%, Europe – 29%, Asia Pacific – 44%, Rest of the World (RoW)** – 12%
*Others include sales managers, marketing managers, and product managers.
**RoW includes South America and the Middle East & Africa.

Leading players profiled in this report
‧ DowDuPont (US)
‧ Cargill (US)
‧ Ingredion Incorporated (US)
‧ CP Kelco (US)
‧ Koninklijke DSM N.V. (Netherlands)
‧ Tate & Lyle PLC (UK)
‧ Naturex (France)
‧ Lucid Colloids Ltd. (India)
‧ Silvateam S.P.A. (Italy)
‧ Compania Espanola de Algas Marinas (CEAMSA) (Spain)
‧ Herbstreith & Fox Corporate Group (Germany)
‧ Yantai Andre Pectin Co. Ltd (China)
‧ B&V SRL (Italy)

Research Coverage
This report segments the pectin market based on type, raw material, function, application, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the pectin market, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
Reasons to buy this report
‧ To get a comprehensive overview of the pectin market
‧ To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
‧ To gain insights about the major countries/regions, in which the pectin market is flourishing

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 STUDY SCOPE 18
1.4 PERIODIZATION CONSIDERED 19
1.5 CURRENCY CONSIDERED 19
1.6 UNIT CONSIDERED 20
1.7 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 22
2.1.2 PRIMARY DATA 22
2.1.2.1 Breakdown of primary interviews 23
2.2 MARKET SIZE ESTIMATION 23
2.3 DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
2.5 RESEARCH LIMITATIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE OPPORTUNITIES IN THE PECTIN MARKET 32
4.2 PECTIN MARKET, BY REGION, 2019 VS. 2025 32
4.3 PECTIN MARKET, BY RAW MATERIAL, 2019 VS. 2025 33
4.4 PECTIN MARKET, BY TYPE, 2019 VS. 2025 33
4.5 EUROPE: PECTIN MARKET, BY APPLICATION & COUNTRY 34
4.6 PECTIN MARKET SHARE, BY FOOD & BEVERAGE APPLICATION, 2019 VS. 2025 35
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
5.2.1 DRIVERS 38
5.2.1.1 Rise in the consumption of premium food & beverage products 38
5.2.1.2 Multifunctionality of pectins leading to the demand from newer applications 39
5.2.1.3 Growing need for pharmaceuticals 40
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5.2.2 RESTRAINTS 40
5.2.2.1 Stringent regulations and need for quality standards 40
5.2.2.2 Fluctuating prices of pectin and its products 41
5.2.3 OPPORTUNITIES 41
5.2.3.1 Emerging markets illustrating great potential for pectin 41
5.2.3.2 Increase in investments in research & development 42
5.2.4 CHALLENGES 43
5.2.4.1 Development of pectin substitutes 43
5.2.4.2 Unclear labeling leading to ambiguity and uncertainty 43
6 INDUSTRY TRENDS 44
6.1 INTRODUCTION 44
6.2 SUPPLY CHAIN 44
6.3 PORTER’S FIVE FORCES ANALYSIS 45
6.3.1 THREAT OF SUBSTITUTES 46
6.3.2 THREAT OF NEW ENTRANTS 46
6.3.3 BARGAINING POWER OF SUPPLIERS 46
6.3.4 BARGAINING POWER OF BUYERS 47
6.3.5 RIVALRY AMONG EXISTING COMPETITORS 47
6.4 PATENT LIST 48
7 PECTIN MARKET: REGULATIONS 50
7.1 INTRODUCTION 50
7.2 CODEX ALIMENTARIUS 51
7.3 NORTH AMERICA 52
7.3.1 US FOOD AND DRUG ADMINISTRATION (21CFR 184.1588) 52
7.3.2 CANADA 53
7.4 EUROPEAN COMMISSION 56
7.5 ASIA PACIFIC 57
7.5.1 INDIA 57
7.5.2 JAPAN 58
7.5.3 MALAYSIA 58
7.6 ROW 58
8 PECTIN MARKET, BY FUNCTION 59
8.1 INTRODUCTION 59
8.2 THICKENER 59
8.2.1 AS A THICKENING AGENT, PECTIN FINDS APPLICATION IN CONFECTIONERY PRODUCTS, DAIRY PRODUCTS, JAMS & JELLIES, AND SAUCES & DRESSINGS 59
8.3 STABILIZER 60
8.3.1 PECTIN ACTS AS A STABILIZER IN VARIOUS FOOD & BEVERAGE APPLICATIONS SUCH AS DAIRY PRODUCTS, BEVERAGES, AND DESSERTS 60
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8.4 GELLING AGENT 60
8.4.1 INCREASING APPLICATION OF JAMS, JELLIES, CONFECTIONERY PRODUCTS, AND BAKERY PRODUCTS IS A KEY FACTOR PROJECTED TO DRIVE THE MARKET GROWTH 60
8.5 FAT REPLACER 61
8.5.1 DUE TO THE INCREASING HEALTH AWARENESS, CONSUMERS PREFER SPENDING ON LOW-FAT PRODUCTS FOR THEIR ROUTINE DIET 61
8.6 OTHERS 61
8.6.1 INCREASING INNOVATION IN EDIBLE FILMS AND PACKAGING IS PROJECTED TO DRIVE THE MARKET FOR PECTIN 61
9 PECTIN MARKET, BY RAW MATERIAL 62
9.1 INTRODUCTION 63
9.2 CITRUS FRUIT 66
9.2.1 RISE IN THE PRODUCTION OF CITRUS FRUITS PRESENTING OPPORTUNITIES FOR PECTIN MANUFACTURERS 66
9.3 APPLE 68
9.3.1 RISE IN THE PRODUCTION OF APPLE POMACE EXPECTED TO BOOST THE DEMAND FOR PECTIN IN ASIAN COUNTRIES 68
9.4 SUGAR BEET 70
9.4.1 RISE IN THE PRODUCTION OF SUGAR BEET IN THE EUROPEAN REGION BOOSTING THE PECTIN MARKET 70
9.5 OTHERS 72
9.5.1 RISE IN THE PRODUCTION OF SUNFLOWER IN UKRAINE AND RUSSIA BOOSTING THE DEMAND FOR PECTIN 72
10 PECTIN MARKET, BY TYPE 74
10.1 INTRODUCTION 75
10.2 HM PECTIN 79
10.2.1 HIGH DEGREE OF METHYLATION, UP TO NEARLY 70%, INCREASES THE GEL STRENGTH OF JAMS AND JELLIES 79
10.3 LM PECTIN 81
10.3.1 CALCIUM IS A KEY INGREDIENT USED IN THE FORMATION OF GELS 81
11 PECTIN MARKET, BY APPLICATION 83
11.1 INTRODUCTION 84
11.2 FOOD & BEVERAGES 87
11.2.1 JAMS, JELLIES & SPREADS 89
11.2.1.1 The rise in demand for jams, jellies, and spreads in European countries is driving the pectin market 89
11.2.2 BAKERY & CONFECTIONERY PRODUCTS 90
11.2.2.1 The use of pectin enhances the color, texture, and shelf-life of bakery & confectionery products 90
11.2.3 BEVERAGES 91
11.2.3.1 Growth in demand for natural & organic ingredients and functional foods is the driving factor for the beverages segment 91
11.2.4 DAIRY PRODUCTS 92
11.2.4.1 Technical advancements in the manufacturing of pectin products are driving the dairy products segment 92
11.2.5 OTHER FOOD & BEVERAGES 93
11.2.5.1 Increase in consumer awareness regarding health and wellness is a driving factor for pectin 93
11.3 PHARMACEUTICALS & PERSONAL CARE PRODUCTS 94
11.3.1 THE RISE IN DEMAND FROM THE PHARMACEUTICAL INDUSTRY WILL BOOST THE DEMAND FOR PECTIN 94
11.4 INDUSTRIAL APPLICATIONS 96
11.4.1 GROWTH IN LIVESTOCK AND FEED CONSUMPTION IS EXPECTED TO DRIVE THE DEMAND FOR PECTIN 96
12 PECTIN MARKET, BY REGION 98
12.1 INTRODUCTION 99
12.2 NORTH AMERICA 101
12.2.1 US 106
12.2.1.1 Favorable price support systems and increasing preference for natural and clean label products among consumers in the country are projected to drive the growth of the pectin market in the US 106
12.2.2 CANADA 107
12.2.2.1 High domestic demand for healthy and organic food is projected to drive the demand for pectins in the food & beverage industry 107
12.2.3 MEXICO 107
12.2.3.1 Increasing preference for healthy diets and busy lifestyles of consumers have driven the demand for pectins in the production of convenience food products 107
12.3 EUROPE 108
12.3.1 GERMANY 114
12.3.1.1 The rise in demand from the food & beverage industry is expected to drive the pectin market, owing to its multifunctionality 114
12.3.2 UK 114
12.3.2.1 Due to the busy lifestyles of consumers, the demand for convenience and ready-to-eat foods is increasing in the country 114
12.3.3 FRANCE 114
12.3.3.1 The rise in health awareness among consumers is driving the pectin market 114
12.3.4 SPAIN 115
12.3.4.1 The rise in awareness about the use of natural ingredients in personal care products will boost the demand for fruits as natural ingredients in the country 115
12.3.5 RUSSIA 115
12.3.5.1 Growth in consumption of apple juice in Russia will drive fruit juice production, which will indirectly boost the pectin market 115
12.3.6 REST OF EUROPE 115
12.3.6.1 The increased use of pectins in food & beverage applications is propelling the market growth 115
12.4 ASIA PACIFIC 116
12.4.1 CHINA 121
12.4.1.1 Changing lifestyles of consumers and the increasing preference for convenience & processed food to contribute to the market growth 121
12.4.2 INDIA 122
12.4.2.1 High demand for plant-based ingredients in the country is driving the market for pectin 122
12.4.3 JAPAN 122
12.4.3.1 The demand for pectins produced in the country remains high due to its increasing import prices 122
12.4.4 AUSTRALIA & NEW ZEALAND 123
12.4.4.1 The demand for plant-based products is increasing in the cosmetics industry, which contributes to the market growth 123
12.4.5 REST OF ASIA PACIFIC 123
12.4.5.1 The use of pectins offered at lower prices to support the production of citrus fruits in South Korea 123
12.5 REST OF THE WORLD (ROW) 123
12.5.1 SOUTH AMERICA 127
12.5.1.1 The per capita income in South America has been increasing, due to which the demand for pectin in food processing applications in this region is growing 127
12.5.2 MIDDLE EAST & AFRICA 128
12.5.2.1 The increase in regional economic cooperation and the intra-African trade are key drivers for the growth of the African food processing industry 128
13 COMPETITIVE LANDSCAPE 129
13.1 OVERVIEW 129
13.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET) 131
13.2.1 TERMINOLOGY/NOMENCLATURE 131
13.2.1.1 Visionary leaders 131
13.2.1.2 Innovators 131
13.2.1.3 Dynamic differentiators 131
13.2.1.4 Emerging companies 131
13.3 STRENGTH OF PRODUCT PORTFOLIO 133
13.4 BUSINESS STRATEGY EXCELLENCE 134
13.5 RANKING OF KEY PLAYERS, 2018 135
13.6 COMPETITIVE SCENARIO 135
13.6.1 NEW PRODUCT LAUNCHES 136
13.6.2 EXPANSIONS & INVESTMENTS 136
13.6.3 MERGERS & ACQUISITIONS 137
13.6.4 AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS 138
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14 COMPANY PROFILES 139
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
14.1 DOWDUPONT 139
14.2 CARGILL, INCORPORATED 144
14.3 INGREDION INCORPORATED 147
14.4 CP KELCO 150
14.5 KONINKLIJKE DSM N.V. 154
14.6 TATE & LYLE PLC 157
14.7 NATUREX 158
14.8 LUCID COLLOIDS LTD 160
14.9 SILVATEAM S.P.A 161
14.10 COMPANIA ESPANOLA DE ALGAS MARINAS S.A (CEAMSA) 163
14.11 HERBSTREITH & FOX CORPORATE GROUP 165
14.12 YANTAI ANDRE PECTIN CO. LTD. 167
14.13 B&V SRL 169
14.14 KRISHNA PECTINS PVT. LTD. 170
14.15 PACIFIC PECTIN INC. 171
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
15 APPENDIX 172
15.1 DISCUSSION GUIDE 172
15.2 AVAILABLE CUSTOMIZATIONS 177
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 178
15.4 RELATED REPORTS 180
15.5 AUTHOR DETAILS 181