The increasing consumption of convenience food, rise in health consciousness, and multifunctionality of pectin drive the growth of the pectin industry.
The HM pectin segment is projected to dominate the pectin market during the forecast period. HM pectin is the most common type of pectin and is labeled as either rapid-set or slow-set. The gel strength of HM pectin remains high due to the increase in the degree of methylation; however, any further increase in the degree of methylation, i.e., more than 70%, leads to a decrease in its gel strength.
The citrus fruits segment is projected to dominate the pectin market during the forecast period. The demand for citrus fruits from the pharmaceutical & personal care industries has drastically increased over the last decade. Citrus fruits contain active phytochemicals that can protect health, 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 viable substitute for gum Arabic, as less quantity is required to activate the oil-water interface.
The food & beverages segment dominates the pectin market due to the high demand for the use of natural and organic products for producing jams, jellies and spreads, bakery & confectionery and increasing applications in sauces, spreads, & dressings, and meat products. The demand for pectin also remains high in the pharmaceutical and personal care product sectors due to the increasing application of pectin to treat diarrheal diseases and various other diseases such as gastrointestinal diseases.
The increasing demand for pectin in Europe and Asia Pacific is driving the growth of the pectin market.The European and Asia Pacific countries are witnessing increasing demand for pectin mainly in the food & beverages industries. Europe accounted for the largest share of the global pectin market due to the high demand for convenience foods & functional dairy products and increasing consumption of jam & jellies and baked goods.
Key players in this market include DowDupont (US), Cargill, Incorporated (US), Ingredion Incorporated (US), CP Kelco (US) and Koninklijke DSM N.V. (Netherlands).
Key Questions Addressed by the Report
· What are the new application areas for the pectin market that companies are exploring?
· Who are some of the key players operating in the pectin market and how intense is the competition?
· What kind of competitors and stakeholders would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
· How are the current R&D activities and M&A’s in the pectin market projected to create a disrupting environment in the coming years?
· What will be the level of impact of new product launches on the revenues of stakeholders, due to the benefits offered by pectin market, such as increasing revenue, environmental regulatory compliance, and sustainable profits for the suppliers?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1. Rise in the Consumption of Premium Food & Beverage Products
3.1.2. Multi-Functionality of Pectins Leading to Demand From Newer Applications
3.1.3. Growing Need for Pharmaceuticals
3.2.1. Stringent Regulations and Need for Quality Standards
3.2.2. Fluctuating Prices of Pectin and Its Products
3.2.3. Development of Pectin Substitutes
3.2.4. Unclear Labeling Leading to Ambiguity and Uncertainty
3.3.1. Emerging Markets Illustrating Great Potential for Pectin
3.3.2. Increase in Investments in Research & Development
4. Executive Summary
5. Pectin Market, By Function
5.3. Gelling Agent
5.4. Fat Replacer
6. Pectin Market, By Raw Material
6.1. Citrus Fruit
6.3. Sugar Beet
7. Pectin Market, By Type
7.1. HM Pectin
7.2. LM Pectin
8. Pectin Market, By Application
8.1. Food and beverages
8.1.1. Jams, jellies, and spreads
8.1.2. Bakery and confectionery
8.1.4. Dairy products
8.1.5. Other food and beverages
8.2. Pharmaceuticals and personal care products
8.3. Industrial applications
9. Pectin Market, By Region
9.1. North America
9.2.6. Rest of Europe
9.3. Asia Pacific
9.3.4. Australia & New Zealand
9.3.5. Rest of Asia Pacific
9.4. Rest of the World
9.4.1. South America
9.4.2. The Middle East & Africa
10. Company Profiles
10.2. Cargill, Incorporated
10.3. Ingredion Incorporated
10.4. CP Kelco
10.5. Koninklijke DSM N.V.
10.6. Tate & Lyle Plc
10.8. Lucid Colloids Ltd
10.9. Silvateam S.P.A
10.10. Compañía Española De Algas Marinas S.A (CEAMSA)
10.11. Herbstreith & Fox Corporate Group
10.12. Yantai Andre Pectin Co. Ltd.
10.13. B&V SRL
10.14. Krishna Pectins Pvt. Ltd.
10.15. Pacific Pectin Inc.
11. Conclusion and Recommendations
12.2. Related Reports