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Pectin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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  • 120 Pages
  • October 2021
  • Region: Global
  • Mordor Intelligence
  • ID: 4828187
UP TO OFF until Jun 30th 2023

The global pectin market was valued at USD 887.67 million in 2020 and projected to register a CAGR of 7.27% during the period (2021-2026).

In India, the export of fruits has fallen by about 70% since the lockdown began in late March 2020 due to the COVID-19 pandemic, largely because of high air freight charges. The Indian fruit and vegetable exporters, export their products via flight to ensure the quality and freshness of their products. But with airlines increasing their freight charges by as much as 166% to INR 250/kg, the trade of fruits and vegetables is expected to have a negative impact on the domestic market. The export restrictions have a direct impact on prices of the agricultural commodities including fruits and vegetables, which will automictically have a negative price effect on its processed products such as pectin.

Diverse applications of pectin in industries, such as pharmaceutical, cosmetic, and food and beverage, have contributed in the growth of the market studied. Traditionally, pectin has been used as a jellying agent in jams and jellies. Jams, jellies, and marmalade are the major application areas of pectin. However, with the advancement in technologies, players in the market studied have been developing pectin suitable for various applications. For instance, GENU® Pectin, by CP Kelco has been gaining ground in the personal care and beauty market as a nature-based skin feel aid, stabilizer and pH balancing ingredient.

The increased usage of pectin in fruit juices for improved mouthfeel, in acidified dairy applications for protein stabilization, low-calorie jams, and acidified protein drinks, has been supporting the growth of the market for the last few years. The increasing awareness about the multifunctionality of pectin among food and beverage manufacturers, such as it reduces cooking time, improves texture and color, and increases the shelf life, are among the factors that have been fueling the market of pectin.

Key Market Trends

Growing Demand for Natural and Clean Label Ingredients

Pectin is one of the commonly used food gums. Typically derived from apple and citrus peels, it is also considered among the most label-friendly and versatile gums. Consequently, it is preferred for use in many clean-label formulations, especially in dairy-alternative beverages, including the low-sugar and low-pH variants. Suitable low-pH formulations include jellies, jams, fruit syrups, yogurts, yogurt drinks, and dairy-alternative yogurts. Other applications include more indulgent confectionery chews, gummies, and glazes. Leading citrus pectin players have been focusing on backward integration for business development and expansion of their existing production capabilities and are developing clean label products and the requisite certifications. For instance, France-based Algaia and German-based Herbstreith & Fox entered a partnership to boost the development of clean label pectin and alginates for multiple baking applications. These products can be marketed as either single or blended ingredients while tapping into the mounting clean label trend.

Europe Holds the Major Share in Pectin Market

Europe holds the largest market share in pectin 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. 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.

Competitive Landscape

The global pectin market is consolidated, with international players dominating the market studied such as Dupont Incorporated, Cargill Incorporated, Herbstreith Fox Corporate Group, and Royal DSM among others. The prominent players of the market have been focusing on developing new and innovative products by targeting the new formulations that are specific to an application. Additionally, these companies are focusing on increasing the production capacities of their existing plants while investing in R&D activities. Thus, the market studied is expected to witness numerous product launches during the forecast period.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Value Chain Analysis
5.1 By Source
5.1.1 Citrus Fruits
5.1.2 Other Sources
5.2 By Application
5.2.1 Beauty and Personal Care
5.2.2 Food and Beverage Jam, Jelly, and Preserve Baked Goods Dairy Products Other Foods and Beverages
5.2.3 Pharmaceuticals
5.2.4 Other Applications
5.3 By Type
5.3.1 High Methoxyl Pectin
5.3.2 Low Methoxyl Pectin
5.4 Geography
5.4.1 North America United States Canada Mexico Rest of North America
5.4.2 Europe United Kingdom Germany France Russia Italy Spain Rest of Europe
5.4.3 Asia-Pacific India China Japan Australia Rest of Asia-Pacific
5.4.4 South America Brazil Argentina Rest of South America
5.4.5 Middle East & Africa South Africa Saudi Arabia Rest of Middle East & Africa
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 DuPont de Nemours Inc.
6.3.2 JM Huber Corporation (CP Kelco)
6.3.3 Cargill Incorported
6.3.4 Herbstreith and Fox Corporate Group
6.3.5 Silvateam SpA
6.3.6 Royal DSM
6.3.7 Foodchem International Corporation
6.3.8 Ingredion Incorporated
6.3.9 Lucid Colloids Ltd
6.3.10 Pacific Pectin Inc.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • DuPont de Nemours Inc.
  • JM Huber Corporation (CP Kelco)
  • Cargill Incorported
  • Herbstreith and Fox Corporate Group
  • Silvateam SpA
  • Royal DSM
  • Foodchem International Corporation
  • Ingredion Incorporated
  • Lucid Colloids Ltd
  • Pacific Pectin Inc.