Pectin Market Set for Rapid Growth And Trend by 2025
Europe is the largest market in the world for pectin, due to its high availability of consumers.
Asia Pacific is the second largest market of pectin in the world, owing to the increasing population and increasing incidence of diseases amongst the population in this region.
North America is the major importer of pectin, whereas Mexico is the largest exporter of pectin. The trade agreement NAFTA makes the U.S. an attractive market for Mexican manufactured pectin.
Latin America and the Middle East, have low consumption of pectin due to the lack of knowledge among people in these regions.
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The demand for pectins in convenience foods, is increasing day by day due to its beneficial properties. Also, the increasing growth of pectins in dietary foods is expected to increase in demand, during forecast period. Nowadays, pectins are majorly being used in treatments of diseases like diabetes, cancer, diarrhea, etc. For this reason pectins are in focus on expanding production. Also, rising demand for medical and cosmetic products, is expected to cause an increasing demand for pectin in the forecast period.
Pectin Market Challenges
Harmful chemicals are used in the preparation of pectin and the government has imposed regulations against its use. The availability of raw materials and many complexities while preparation, are the major challenges experienced by the pectin market.
Some of the key companies dominating the market are CP Kelco, Cargill Inc., Devson Impex Pvt. Ltd., Nestlé S.A., Danone S.A., Unilever, Kellogg NA Co., Yantai Andre Pectin Co. Ltd., Danisco A/S, and B&V srl.
High-methoxyl pectin is used for canning applications. It requires high amounts of sugar to gel and is sensitive to acidity. Low methoxyl pectins have contradicting properties to high methoxyl pectins. Low methoxyl pectins have low sensitivity to acidity and require low amounts of sugar to gel, thus used in low sugar jams.
The pectins are also used in the medical industry, due to its properties of thickening and stabilizing, absorbing moisture, increasing volume, thus being able to increase the shelf-life of products. Owing to its properties, pectins are added to medicines, baked goods, and dairy product.
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Pectin Market Taxonomy
On the basis of product, the pectin market is classified into:High methoxyl pectin, Low methoxyl pectin
On the basis of application, the pectin market is classified into:Food and Beverages, Bakery filling and topping, Confectionary, Dairy Product and Frozen Desserts, Dietary Supplements, Functional Food, Jams and Jellies, Meat and Poultry Products, Healthcare, Cosmetics, Personal care, Pharmaceutical, Weight Management, Other
On the basis of function, the pectin market is classified into:Thickener, Gelling Agents, Fat Replacer, Stabilizer, Texturants Coating, Other Functions
On the basis of sources, the pectin market is classified into:Animals, Chemical manufacturing and processing, Marine, Micro organisms, Plants
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