Transparency Market Research
Pectin Market - Global IndustryAnalysis, Size, Share, Growth, Trends
and Forecast, 2013 - 2019
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Pectin is a structural heteropolysaccharide which is usually found in the primary cell wall of terrestrial plants. It is commerciallymanufactured as a brown powder, majorly extracted from citrus fruits. Pectin is primarily used as a gelling agent in foodproducts such as jellies and jams. It is also consumed in sweets, medicines and fillings, as well as a stabilizer in milk drink andfruit juices, and as a primary source of dietary fiber. Pectin belongs to the group of food hydrocolloids which form viscous gels orliquids when dispersed in water. Pectin has a wide range of application scope in the food industry such as beverages, meat &poultry products, bakery, confectionary, sausage and dressings, and dairy products among others.
The global market for pectin has been witnessing significant growth on account of rising demand for food products fromdeveloped as well as developing economies. The industry has been mature in developed regions such Europe, followed by NorthAmerica. However, the industry for pectin is anticipated to grow rapidly in emerging economies such as China and India owingto change in lifestyle of the individuals as well as changing consumer preferences for convenience foods. Moreover, economicdevelopment in China has resulted in increasing purchase power of consumers, leading to increasing demand for high-qualityprocessed foods.
Although the industry for pectin is rapidly growing driven by rising demand for processed and convenience foods, growingpreference towards functional foods from various health conscious consumers have also played a key role in the growth of themarket. In addition, the industry has been witnessing demand for low-calorie and low-fat food products from consumersresulting in more demand for pectin from food manufacturers. Based on these factors, pectin is considered as an essential foodadditive due to which the market is liable to increase significantly.
Dairy & frozen product accounted for largest application segment in the overall pectin market owing to their wide consumptionas stabilizers in ice-creams, yogurts etc. Leading large-scale companies such as Yantai Andre Pectin Co. Ltd. are implementingvarious strategies such as new product launches and expansions in order to increase their productivity and widen their globalreach.
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Growing health awareness among consumers for functional foods is expected to be one of the major factors driving the demandfor pectin over the forecast period. Moreover, multi-functionality of pectin in various dairy and functional foods is expected tobroaden their application scope in the food industry, further leading to the growth of the market. However, unavailability of rawmaterials to pectin as well as fluctuations in the prices of these raw materials is expected to hamper the growth of the market.Cost of raw materials for manufacturing pectin, which includes citrus peel and apple pomace have increased due to risenprocessing costs and prices of citrus fruits. Pricing and supply of these fruits are significantly affected by the weather conditionswith a citrus disease known as greening affecting the industry performance. Focus in research and development (R&D)
activities leading to product innovation is expected to provide new opportunities for the growth of the market. In addition,emerging regions such as Asia Pacific hold immense potential for the overall hydrocolloid market on account of risingconsumption of convenience foods.
B&V srl, Cargill Inc., Ceamsa, CP Kelko, Danisco A/S, and Yantai Andre Pectin Co. Ltd. are some of the leading manufacturers ofpectin present in the industry.
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