Pectin Market Report

Pectin Market Analysis By Sources (Thickener, Stabilizer, Gelling Agent, Fat Replacer), By Application (Food & Beverage, Pharmaceuticals, Bakery, Dairy Products), Competitive Landscape, And Segment Forecasts, 2014 - 2025

Published: February 2017  |  85 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-406-2

Industry Insights

The global pectin market size was valued at USD 964.1 million in 2015 and is anticipated to grow at a CAGR of 7.1% over the next nine years. Increasing health concerns and growing usages of healthy & organic raw materials for producing edible products is expected to drive the market in the foreseeable period.

Pectin is a plant-derived soluble fiber compound, found in the plants cell walls. It is mainly extracted from citrus fruits, apples, apricots, cherries, oranges, and carrots. However, the major raw material used for the production of industrial product is apple and dried citrus peel which is available in white and light brown powder commercially.

U.S. pectin market revenue by application, 2014 - 2025 (USD Million)

U.S. pectin market

Pectin is used as a gelling & thickening agent and stabilizer in a broad range of fruit products, such as marmalades, fruit-based preparations for yogurts & desserts and bakery products. It is also used in confectionery such as jam & jellies to give them a gel structure. Major advantages of adding it in food and other products are it reduces cooking time, improves texture & color, and increases the shelf life. It is also widely used in pharmaceuticals industry for wound healing preparations and specialty medical adhesives.

Pectin is considered as safe food substance through various government food agencies. Its usage and composition are regulated under different food additive laws. Under the European Union, pectin and amidated pectin (a modified form of it) both have given an Acceptable daily intake (ADI) by the Scientific Committee for Food. In Japan, the Ministry of Health, Labor, and Welfare have recognized it as safe under the Japan's Specifications and Standards for Food Additives. In the U.S., the Food and Drug Administration (FDA) recognize it as GRAS (generally recognized as safe).

Deriving pectin from its raw materials is a complex process. Companies present in the market are involved in developing new technology for extracting it from its sources. These technologies can help to generate it and other valuable food ingredients for drinks and food processing waste. One such technology is microwave-based technology.

The modified microwave technology breaks waste orange and lime peel into a wide range of products, which are valuable for various end-use industries. The technology utilizes a huge microwave oven to remove chemicals from the materials during recycling. The oven usually works at or below 200 degrees, which is enough to transform the waste into useful substances.

Function Insights

Thickener functional segment accounted for over 35% of the market in 2015. The segment is expected to show the similar growth trend over the forecast period. The wide use of pectin as a thickener in various food products is due to its chemical and physical proprieties. It has the ability to form cross-linked polymer networks that are highly hydrated.

Thickener functional segment market is followed by gelling agent segment. The segment is anticipated to grow at a CAGR of 7.2% from 2016 to 2015. Pectin is also used in cooking which is divided into two categories, high-methoxyl (HM) and low-methoxyl (LM). One requires the presence of sugar and certain amount of acid and the latter requires the presence of calcium to generate the process of gelling.

Application Insights

Food & Beverage application was the major application sector, which accounted for over 40% of the overall market in 2015. It is used in confectionery, fruit applications (such as jams, jellies, and desserts). The pectin application is expected to show the similar trend over the forecast period. The market is expected to grow at a CAGR of 7.5% from 2016 to 2015.

The demand for pectin in pharmaceuticals and cosmetics products is also growing significantly. It is used to create textures from gels to structured fluids. By using different raw materials and manufacturing conditions, it is also used as film-forming and water-binding agents.

Regional Insights

Europe is a mature market, followed by North America. The demand in the region is high owing to the presence and growth of end-use application for the product. The region accounted for over 32% of the global market in 2015.

Brazil is one of the largest producers of pectin, followed by Denmark and Mexico. Argentina is also a key country for growth of citrus fruits. However, there are no major production capability in the nation owing to unfavorable weather patterns and decreasing demand for lime juice. This has resulted in reducing plantation of lime trees. Asia Pacific is a potential market owing to the presences of emerging countries such as Chain and India. Changing lifestyle and food preference in these countries is expected to boost the market in the region.

Regional Market Share, By Revenue (USD Million), 2015

Regional pectin market

Competitive Insights

The market is mature, fragmented, with no outright market leader. Market players are focusing on developing new technologies to achieve product differentiation. The experienced, as well as small-scale regional players, are investing in research & development activities and trying to develop new and better product for the end-user industries to gain market share.

Key players include DuPont Nutrition & Health, FMC Corporation, CP Kelco, Cargill, Incorporated, Herbstreith & Fox, Devson Impex Private Limited, Yantai Andre Pectin Co. Ltd., and B&V srl.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017- 2025

Market representation

Revenue in USD Million and CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America & Middle East & Africa

Country scope

U.S., Canada, Mexico, UK, France, Germany, China, India, Brazil

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments covered in the report

This report forecasts revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2014 to 2025. For the purpose of this report, Grand View Research has segmented the global pectin market on the basis function, application, and region:

  • Function Outlook (Revenue, USD Million, 2014 - 2025)

    • Thickener

    • Stabilizer

    • Gelling agent

    • Fat replacer

    • Others

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Food & Beverage

    • Pharmaceuticals

    • Bakery

    • Dairy products

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • France

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East and Africa

Key questions answered by the report
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