04-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Pectin Market By Type (HM Pectin and LM Pectin), By Raw Material (Citrus fruits, Apples, Sugar Beet, and Others), By Function (Gelling Agents, Thickeners, Stabilizer, Fat Replacer, and Others), By Application (Food & beverages, Pharmaceutical & Personal Care Products, Industrial Applications), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Pectin Market in 2019 was approximately USD 0.9 Billion. The market is expected to grow at a CAGR of 7% and is anticipated to reach around USD 1.6 Billion by 2026.
Pectin is a carbohydrate compound found in the plant cell wall. It is primarily extracted from citrus fruits such as apples, oranges, berries, and lemons. Pectin has a number of functional properties like gelling, thickening, stabilizing, etc. that helps surge its application in the food & beverage and pharmaceutical industries.
Browse the full “Pectin Market By Type (HM Pectin and LM Pectin), By Raw Material (Citrus fruits, Apples, Sugar Beet, and Others), By Function (Gelling Agents, Thickeners, Stabilizer, Fat Replacer, and Others), By Application (Food & beverages, Pharmaceutical & Personal Care Products, Industrial Applications), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/global-pectin-market-by-type-hm-pectin-and-631
Market Drivers:
The growing consumption of ready-to-eat food products and increasing awareness about the multifunctionality of pectin in various fields is anticipated to propel the growth of the global Pectin market. The rising health concerns and health consciousness are expected to drive the growth of the pectin industry. In addition, the functional properties of pectin such as gelling, thickening, stabilizing, color, and odor help increase its use in the food & beverage industry for making sauces, jams, jellies, bakery, pharmaceuticals, fruit beverages, meat-related products, etc., thereby bolstering the market growth. Pectin’s further use as an additive, as well as to treat diabetes, colon & prostate cancer, and cholesterol, is likely to boom the Pectin market on a global level.
Market Segment Dominance:
- HM pectin category is anticipated to dominate the global Pectin market
HM pectin is estimated to dominate the Pectin market due to factors such as it high degree of methylation. In addition, the strength of HM remains high in the global Pectin market owing to its extensive use for thickening the product.
- Citrus fruits category is estimated to hold the majority of the market share in the Pectin market
Growing demand for citrus fruits in the pharmaceutical & personal care industries is found to have surged in the last few years owing to the active phytochemicals in the citrus fruits that help protect health and also richly provide folic acid, vitamin C, and potassium.
Food & beverages category is expected to account for the largest share in the global Pectin market. The reason behind the dominance is the rising use of natural and organic products for manufacturing jellies, jams,& spreads, and bakery & confectionery. Furthermore, the increasing application of pectin in spreads, sauces,& dressings, and meat products will further agitate the demand for pectin. The mounting use of pectin in the pharmaceutical and personal care product field owing to the advantageous properties of pectin such as to cure diarrheal diseases, gastrointestinal diseases, skin diseases, and others.
Regional Dominance
Europe is expected to dominate the global Pectin market during the forecast period. Market dominance is attributed to the rising demand for pectin in the food & beverages industry. In addition to this, the rising consumption of convenience foods & functional dairy products, jam & jellies, and baked goods are estimated to help surge the growth of the global Pectin market. Furthermore, Asia Pacific is estimated grow at a significant rate owing to the mounting demand for ready-to-eat foods and the changing eating behavior in the region.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 0.9 Billion |
Projected Market Size in 2026 |
USD 1.6 Billion |
CAGR Growth Rate |
7% |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
CP Kelco, DowDupont, Incorporated, Cargill, Ingredion Incorporated, and Koninklijke DSM N.V. |
Key Segment |
By Type, By Raw Material, By Function, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Market Players
Some of the key players in the global Pectin market include CP Kelco, DowDupont, Incorporated, Cargill, Ingredion Incorporated, and Koninklijke DSM N.V.
This report segments the global Pectin market as follows:
Global Pectin Market: Type Segmentation Analysis
Global Pectin Market: Raw material segmentation Analysis
- Citrus Fruits
- Apple
- Sugar Beet
- Others
Global Pectin Market: Function Segmentation Analysis
- Gelling Agents
- Thickener
- Stabilizer
- Fat Replacer
- Others
Global Pectin Market: Application Segmentation Analysis
- Food &Beverages
- Jams, Jellies, and Spreads
- Dairy Products
- Beverages
- Bakery &Confectionery
- Others
- Pharmaceutical &Personal Care Products
- Industrial Applications
Global Pectin Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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