Pectin Market
Pectin Market Size, Share and Trends Analysis Report, By Type (HM Pectin and LM Pectin), By Source (Citrus Fruits, Apples, and Sugar Beet), By Application (Beauty and Personal Care, Food and Beverages, and Pharmaceuticals), Forecast Period (2022-2028).
Pectin market is expected to grow at a significant CAGR of 6.2% during the forecast period. Pectin is a fiber found in fruits. It is often used as a thickener in cooking and baking and is derived from apple and citrus peels. It is also sometimes used to make medicine. People use pectin for high cholesterol, high triglycerides, heartburn, and many other conditions. It has diverse applications across industries, such as cosmetics, food and beverages, and pharmaceuticals, which have contributed to the growth of the market. The increased demand for pectin in fruit juice is driving the global pectin market as pectin supports the destabilization of juices and improves the texture.
Impact of COVID-19 Pandemic on the Global Pectin Market
COVID-19 pandemic had an extreme impact on almost all sectors across the globe disrupting supply and demand in the business. The pandemic stopped import-export dealings and temporarily stopped the production of various products such as processed foods, cosmetics, personal care, and others which caused a decrease in demand for products used in personal care products, such as pectin. Therefore, trade restrictions and labor shortages impacted the pectin market across the globe.
Segmental Outlook
The global pectin market is segmented based on the type, source, and application. Based on the type, the market is segmented into HM pectin and LM pectin. Based on the source, the market is segmented into citrus fruits, apples, and sugar beet. Based on the source, the market is segmented into beauty and personal care, food and beverages, and pharmaceuticals. Based on type, HM pectin is mostly used as it is used in making jams and jellies for the thickening of the product.
Pectin Finds Significant Application in the Food and Beverages Segment
Based on the application, the food and beverages segment is anticipated to hold a significant share in the market owing to its significant adoption in the food and beverage industry. It is used in the manufacturing of jams, jellies, bakery, confectionery, dressings, yoghurts, and other products. Factors such as improving texture, thickening, and taste of the product are key factors supporting to increase in the demand for pectin, which in turn, is driving the market growth. The rising use of sauces, jams, and spreads also supports the market growth. The companies are launching pectin for fruit beverages, which in turn, is further boosting the market growth. For instance, in December 2020, CP Kelco launched GENU Pectin YM-FP-2100, a clean-label-friendly ingredient that offers a medium-to-high viscosity in the fruited drinking yoghurt and with ease of pumpability at the fruit preparation stage.
Regional Outlook
The global pectin market is segmented based on geography including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East and Africa and Latin America). Europe is projected to lead the pectin market across the globe. According to the Association of Polish Fruit Growers (APFG), Poland is the largest producer of apples in the European Union. These apples are also a very good source of pectin, which, in turn, is supporting the growth of the market. The market can be analyzed for a particular region or country level as per the requirement.
Global Pectin Market Growth, by Region 2022-2028
Asia-Pacific Region to Witness Considerable Share in the Market during the Forecast Period
Asia-Pacific is expected to witness a potential share in the global pectin market during the forecast period. The rising demand for personal care and cosmetics products is leading to increased growth of the market. It may support slowing down the degeneration of skin and hair cells and have anti-ageing effects. Pectin is also used in ointments, pastes, creams, and oil. It is also used in the thickening of hair tonics, shampoos, lotions, and body lotions which in turn, supports the growth of the global pectin market.
Market Players Outlook
The major companies operating in the global pectin market include Cargill, Inc., Koninklijke DSM N.V., CP Kelco U.S., Inc., Ingredion Inc., and International Flavors & Fragrances Inc. The market players are contributing significantly to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2022, Cargill, Inc. acquired a 24.5% share of Salmones Multiexport Foods S.A. which will support the former in the development of the company and its purpose to win over the world's consumers with high-quality, value-added, sustainable products.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pectin market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Pectin Market
• Recovery Scenario of Global Pectin Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Cargill, Inc.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Koninklijke DSM N.V.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. CP Kelco U.S., Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Ingredion Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. International Flavors & Fragrances Inc.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Pectin Market by Type
4.1.1. HM Pectin
4.1.2. LM Pectin
4.2. Global Pectin Market by Source
4.2.1. Citrus Fruit
4.2.2. Apple
4.2.3. Sugar Beet
4.3. Global Pectin Market by Application
4.3.1. Beauty and Personal Care
4.3.2. Food and Beverage
4.3.3. Pharmaceuticals
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. B&V srl
6.2. Compañía Española De Algas Marinas S.A.
6.3. Foodchem International Corp.
6.4. Herbstreith & Fox GmbH & Co. KG
6.5. Krishna Pectins Pvt. Ltd.
6.6. Lucid Colloids Ltd.
6.7. Naturex SA
6.8. Pacific Pectin, Inc.
6.9. Silvateam SpA
6.10. Tate & Lyle PLC
1. GLOBAL PECTIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL HM PECTIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL LM PECTIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PECTIN MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
5. GLOBAL PECTIN BY CITRUS FRUITS MARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PECTIN BY APPLE MARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL PECTIN BY SUGARBEET MARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL PECTIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
9. GLOBAL PECTIN FOR BEAUTY AND PERSONAL CARE MARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL PECTIN FOR FOOD AND BEVERAGES MARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL PECTIN FOR PHARMACEUTICALS MARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL PECTIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN PECTIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN PECTIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN PECTIN MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN PECTIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. EUROPEAN PECTIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN PECTIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN PECTIN MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
20. EUROPEAN PECTIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC PECTIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC PECTIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC PECTIN MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC PECTIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. REST OF THE WORLD PECTIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD PECTIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD PECTIN MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD PECTIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL PECTIN MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL HM PECTIN MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL LM PECTIN MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL PECTIN MARKET SHARE BY SOURCE, 2021 VS 2028 (%)
5. GLOBAL PECTIN BY CITRUS FRUITS MARKET MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL PECTIN BY APPLE MARKET MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL PECTIN BY SUGARBEET MARKET MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL PECTIN MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
9. GLOBAL PECTIN MARKET FOR BEAUTY AND PERSONAL CARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL PECTIN MARKET FOR FOOD AND BEVERAGES MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL PECTIN MARKET FOR PHARMACEUTICALS MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL PECTIN MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. US PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
15. UK PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD PECTIN MARKET SIZE, 2021-2028 ($ MILLION)
