Pectin Market to Reach Valuation of USD 1.9 Billion by 2030 – Growth in the Usage of Pectin in the Food, Biomedical, and Pharmaceutical Industry Drive The Market

In terms of revenue, the Global Pectin Market is expected to reach by 2030, growing at a CAGR of 6.8% from 2023 to 2030.

Market expansion is projected to be fueled by various factors, such as increased knowledge regarding health and a rising desire for convenience food products. One study of 57 adults found that those who consumed 15 grams of Pectin daily saw a reduction in LDL (bad) cholesterol of up to 7% when compared to the control group. Pectin has a wide range of applications in a variety of industries. It is employed as a gelling and thickening agent, as well as a food stabilizer, in the food business. It also aids in the reduction of syneresis in jams and marmalades, as well as the increase of gel strength in low-calorie jams.

Another key factor is its widespread use in pharmaceuticals, particularly in the production of oral medicines and as a tablet-binding agent. Also, it is used to treat constipation and diarrhea, as well as as a demulcent in throat lozenges. In personal care items such as cosmetics, it is used as a thickening and stabilizer.

Furthermore, because Pectin can form gels and has a smooth texture, it is perfect for use in industrial applications like printing and papermaking. Pectin is positioned for continued growth and market expansion as natural and plant-based components become more popular in these industries.

Key Highlights from the Report

. Based on Source, citrus fruits, like oranges, lemons, and grapefruits, are the main category in this market segment. Citrus Pectin is the most accessible and extensively used type since it is readily cultivated and available. Apple and sugar beetroot Pectin are two more sources of Pectin that are becoming more popular due to their distinct qualities and advantages. While sugar beetroot Pectin is a sustainable alternative as it is a byproduct of the sugar industry, apple Pectin is well renowned for its high gel strength and clarity. The final product's desired functionality, price, and sustainability all influence the Pectin source selection.

. Based on Type, in 2022, the market for Pectin was dominated by the high methoxyl Pectin segment, which had a 58.30% market share. The high methoxyl (HM) Pectin market for jams, jellies, and fruit preserves is the largest. These circumstances lead to the use of high methoxyl Pectin. Different sources of Pectin have different levels of esterification, and high methoxyl Pectin contains more than 50 degrees of esterification (DE). They are either "rapid-set" or "slow-set," according to how long it takes them to settle and the weather outdoors. Gel structure and setting time give hints as to the degree of esterification. Compared to less esterified Pectin, high DE Pectin creates more elasticity and gels more quickly. This increases its marketability as a thickening agent for a range of applications.

. Based on Function, the gelling function is a dominant category in this area. Producing jams, jellies, and confectionery products frequently uses Pectin as a gelling agent. The desired texture and consistency of these products are provided by their capacity to form a gel network. Pectin has a gelling function that makes it a popular choice among producers who want to improve the stability and mouthfeel of their food products as it can provide various textures, such as a firm gel or soft gel, to food products making it a dominant category within the Pectin market's function segment.

. Based on End-User, accounting for more than 45% of the market as a whole was the food and beverage industry. It is utilized in fruit applications (such as jams, jellies, and desserts) and confectionery. Over the projected period, a similar trend is anticipated for the Pectin application. Pectin is in high demand in both the pharmaceutical and cosmetic industries. Gels and structured fluids are among the textures it is used to produce. It can also be employed as a water-binding agent and a film-forming agent by utilizing various raw materials and manufacturing processes.

. In terms of Region, Europe is expected to be the dominating region in

for Pectin market during the forecast period. Europe  dominates the Pectin market on the basis of revenue and market share due to the high consumption of jam, jellies, and baked goods in this area. Furthermore, rising demand for functional dairy and convenience foods is likely to drive market expansion in this region. Furthermore, the growing popularity of plant-based and vegan diets, as well as the demand for healthy and functional food products, are propelling the Pectin market in this area.

Market Dynamics

Almost all plants contain Pectin, a high-molecular-weight carbohydrate polymer that contributes to the structure of the cell. The term "Pectin" refers to a number of polymers that differ in terms of their molecular weight, chemical makeup, and neutral sugar content. Additionally, different plant species produce Pectin with various functional characteristics. In reference to Pectin's capacity to form gels, the word "Pectin" derives from the Greek word photos, which means firm and hard. Diverse applications of Pectin in industries such as pharmaceuticals, cosmetics, food, and beverages contribute to the growth of the market studied.

As technology advances, players in the market surveyed have also developed Pectin suitable for various uses. For example, CP Kelco's GENU Pectin has become a brand in the personal care markets as it is a naturally derived skin feel, stabilizer, and pH-balancing ingredient. As more nutritionally conscious consumers seek alternatives that reduce fat and calories, Pectin as an ingredient in such products offers a healthy alternative and potential growth engine. For example, Siggi's offers plant-based yogurt with 11g of protein and 180 calories. Contains fruit-based Pectin and coconut milk. Pectin is widely used in the food and beverage industry as a gelling and thickening agent. Pectin extracted from citrus fruits such as oranges and lemons is popular in Europe and North America, while Pectin extracted from apples is more popular in Asia. The dairy industry prefers low methoxyl Pectins, while the bakery industry prefers high methoxyl Pectins. The demand for Pectin is also driven by increasing demand for natural and organic raw materials, health benefits, and a shift towards plant-based diets.

The Pectin market is a fiercely competitive business with several factors limiting its potential for growth, such as the high cost of Pectin production, which poses a substantial obstacle to market growth. Fruits, which are prone to seasonal and geographic fluctuations, are used to extract Pectin, making the production process difficult and expensive. Additionally, the supply of substitutes like agar-agar, xanthan gum, and carrageenan limits the need for Pectin-based goods. The market for synthetic Pectin products is also hampered by strict government laws and standards on the use of Pectin in food formulations as well as shifting consumer preferences towards natural and organic ingredients.

The Pectin market is expected to witness significant growth in the coming years, driven by major trends such as increasing demand for clean-label food ingredients and plant-based alternatives. Rising concern about the health and environmental impact of the products they consume and demand for natural and organic ingredients is skyrocketing. In addition, the popularity of healthy foods, such as fruit-based snacks, smoothies, and jams, is contributing to the market growth. Additionally, the increasing prevalence of chronic diseases and the keep a healthy lifestyle are creating further growth opportunities for Pectin market players to bring innovative products with additional functionalities into the market.

Europe dominated the overall Pectin market in 2022, Europe Pectin Market is estimated to be the most dominant region during the forecast period. Due to the existence and expansion of the product's end-use applications, there is a significant demand for the product in the area. The expansion of this market is a result of the expanding applications for hydrocolloids, such as controlling the thickening and gelling properties of watery meals. To enhance Pectin extraction techniques, European nations—particularly those like Germany and France—have made significant investments in research and development. Recent research has concentrated on maximizing the extraction processes, increasing yield, and enhancing the extracted Pectin's quality. As a result, there are now Pectin products of the highest quality on the market, establishing Europe as a top producer.

The Global Pectin Market is Segmented as follows

• Type
  • HM
  • LM
  • Amidated Pectin
  • Other Types
• Source
  • Citrus Fruits
  • Apple
  • Berries
  • Peels and Pomace
  • Sugar Beets
  • Other Sources
• Application
  • Food & Beverages
  • Pharmaceutical & Poultry Products, Sauces & Dressing, Baby Food & Prepared Foods
  • Function
  • Gelling Agents
  • Thickener
  • Stabilizer
  • Gelling Agent
  • Other Applications
• End-User
  • Food and Beverages
  • Pharmaceuticals
  • Personal Care Cosmetics
  • Others
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

A list of the Key Players of the Global Pectin Market is

Krishna Pectins Pvt. Ltd. (India), CP Kelco U.S. Inc. (U.S.), Tate & Lyle (UK), Cargill Incorporated (U.S.), DuPont (U.S.), Nikunj Chemicals (India), DSM (Netherlands), BASF SE (Germany), Lonza (Switzerland), Glanbia PLC (Ireland), ADM (U.S.), Lallemand Inc. (Canada), Adisseo (China), NATUREX (France), Lucid Colloids Ltd. (India), Ingredion (U.S.), Herbstreith & Fox GmbH & Co. KG (Germany), NATUREX (France), B&V SRL (Italy)

The Global Pectin Market Scope can be Tabulated below