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Pectin is a polysaccharides substance which is a naturally found in apples, lemons, oranges, berries and other fruits. Compared to ripe fruits generally unripe fruits have more pectin. In foods it acts as a gelling agent, stabilizer agent when heated with sugar. Pectin is majorly extracted from citrus fruits which is commercially produced as brown powder. It has a varied range of application in the food industry such as meat & poultry products, bakery, beverages, confectionary, dairy products and sausage & dressings followed by personal care, cosmetics, healthcare and etc. Additionally, it is beneficial for patients suffering from prostate cancer, high cholesterol and diabetes. Furthermore, lower blood sugar level is maintained by fruit pectin which delays the adsorption of glucose in the body. The most commonly used pectin is of the rapid setting type. Pectin manufacturers usually offer rapid-set pectins standardized to a viscosity instead of gelling properties, so as to guarantee a consistent performance in a beverage application.
The pectin market is driven by various factor such as increasing demand for gelling agents in foods, changing lifestyle, rising preference for convenience food and growing applications of fruit pectin in meat & poultry related products. In addition, the industry has been gaining demand for low-fat and low-calorie food products from consumers resulting in more demand for pectin from food manufacturers. However, availability of substitutes such as xanthan gum, gelatin, carrageenan, alginates and agar can hamper the market growth due to low costs incurred in developing them. Though, owing to the high demand from various industries and shortage of these products is creating an opportunity for the pectin market.
The pectin market is segmented by application, function and geography.
On the basis of application the pectin market is segmented into bakery and confectionary, dairy & frozen products, beverages, nutritional and health products, pharmaceutical and other applications. Among these, dairy & frozen segment dominate the pectin market owing to rising fruit pectin applications as stabilizer and thickener in ice creams, yogurts and drinks.
The pectin market can be segmented on the basis of function such as, gelling, thickening, stabilizing, fat replacer, coating and others. The thickener functional segment accounted for the largest share in 2018. Due to its chemical and physical proprieties. It has the ability to form cross-linked polymer networks that are highly hydrated. However, the gelling segment is expected to grow rapidly during the forecast period.
By geography, the pectin market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and Rest of the World (RoW). Among these, Europe region dominated the pectin market in 2018. Due to the presence and growth of end-use application for the product. Whereas, Asia Pacific is expected to witness the fastest growth rate during the forecast period.
The key players of Pectin market are, CP Kelco, Cargill Inc, CEAMSA, Danisco Ingredients (DuPont), Herbstreith & Fox KG Pektin-Fabriken, Naturex, Silvateam S.p.a., Yantai Andre Pectin Co. Ltd., and B&V srl. The major players in the industry invest significantly in R&D in order to develop their product portfolio with superior product properties to meet the growing industry demand. For example, in August 2018, Cargill has the intention to invest $150 million to construct an HM pectin production facility in South America. HM pectin is a versatile, citrus fruit-based texturizer used for jams, beverages/juices, acid dairy drinks and confectionery.
The pectin market is segmented by application, function and geography. On the basis of application the pectin market is segmented into bakery and confectionary, dairy & frozen products, beverages, nutritional and health products, pharmaceutical and other applications. Among these, dairy & frozen segment dominate the pectin market owing to rising fruit pectin applications as stabilizer and thickener in ice creams, yogurts and drinks.
The pectin market can be segmented on the basis of function such as, gelling, thickening, stabilizing, fat replacer, coating and others. The thickener functional segment accounted for the largest share in 2018. Due to its chemical and physical proprieties. It has the ability to form cross-linked polymer networks that are highly hydrated.
By geography, the pectin market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and Rest of the World (RoW). Europe region dominated the pectin market in 2018. Due to the presence and growth of end-use application for the product.
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