Global Pectin Market Report and Forecast 2023-2028

Global Pectin Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global pectin market size attained a volume of 83.86 KMT in 2022. Aided by increasing applications of pectin across various end use sectors, the market is projected to further grow at a CAGR of 3.1% between 2023 and 2028 to reach a volume of 100.71 KMT by 2028.

Pectin is defined as a polysaccharide which is made up of linear polymers. It is an essential carbohydrate found in various edible items such as pears, apples, and oranges, among others. Pectin is eco-friendly, naturally occurring, and biodegradable, which makes it ideal for various applications. The commercial procurement of pectin involves extraction from peels of citrus fruits such as oranges. Pectin possesses medicinal properties such as the ability to reduce bleeding and can be provided to the human body in various ways such as oral or intravenous. The increasing utilisation of pectin across food and beverage, pharmaceutical, and biotechnological sectors, is driving the global pectin market.

In the food and beverage sector, pectin is used as a thickening agent, gelling agent, and colloidal stabiliser. Hence, the thriving food and beverage sector across the emerging economies, fuelled by growing populations, rising disposable income, and increasing footfall in supermarkets and hypermarkets, is propelling the market growth for pectin. Meanwhile, pectin is also used to manufacture bakery and confectionary products, which are witnessing heightened sales. The increasing accessibility of clean-labelled bakery products through quick grocery delivery services is further supporting the market for pectin.

Pectin is also used to manufacture low-calorie jams, solidify jams, and produce high-quality preservatives. In this regard, the increasing health consciousness among the young working population is generating the demand for low-calorie jams, fruit beverages, and milk drinks, which is in turn propelling the applications of pectin. Meanwhile, the growing research and development activities by the leading food processing companies aimed towards developing jams and milk drinks with innovative flavours are expected to expand the market opportunities.

The medicinal properties of pectin make it widely applicable in the pharmaceutical sector which is witnessing exponential growth globally. Pectin can control cholesterol levels, reduce risk of heart disease, help maintain healthy body weight, and aid in digestion. Growing research and development activities in the pharmaceutical sector are likely to fuel the global pectin market in the forecast period.

Market Segmentation

The market can be divided on the basis of raw material, end use, and major region.

Market Breakup by Raw Material

• Citrus Peel
• Apple Peel
• Others

Market Segmentation by End Use

• Jams and Preserves
• Drinkable and Spoonable Yoghurt
• Bakery and Confectionery
• Fruit Beverages
• Other Milk Drinks
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global pectin market. Some of the major key players explored in the report by Expert Market Research are as follows:

• CP Kelco U.S., Inc.
• DuPont
• Cargill, Incorporated
• Herbstreith & Fox GmbH & Co. KG
• Naturex
• Others

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.