Fruit Pectin Market Share

Fruit Pectin Market Overview

Fruit pectin market is projected to register a CAGR of 7.23% and reach a value of USD 4300 million by 2030. Pectin is considered a polysaccharides substance that is found naturally in fruits like lemons, cranberries, apples, cape gooseberries, grapes, berries, oranges, and others. Whereas, certain fruits like peaches, apricots, strawberries, blueberries, rhubarb, and peaches have low pectin content. The content of pectin is higher in unripe fruit as compared to ripe fruits. Fruit Pectin Market is beneficial to many end-users for food, beverage, personal care, healthcare, cosmetics, and packaging purposes. The fruits which have more than 65% of galacturonic acid are considered beneficial as food additives.

Doctors recommend fruits with high pectin levels to patients suffering from prostate cancer, cholesterol, blood sugar levels, and diabetes. Pectin helps to absorb extra glucose in a human's body.

A complex process is involved to extract pectin from its source and raw materials. Heating pectin with sugar acts as a thickening agent, gelling agent, and stabilizer for foods. Pectin is used in the preparation of fruit desserts, jams, jellies, yogurts, and other bakery products. An appropriate amount of pectin when used in food preparation improves the color and texture of the food, reduces cooking time, and increases preservation life. Pharmaceuticals industries are making use of pectin for specialty medical adhesives and wound healing purposes. Increasing demand for pectin in several industries has led to an increase in supply from manufacturers estimating a bright future for the Fruit Pectin Market.

Fruit Pectin Market COVID-19 Analysis

The COVID-19 pandemic shook the dynamics of the world. The human race saw a loss of human life to a great extent. No one was prepared for the threat at hand which affected the world socially, politically, and economically. With industries shut and work from home culture increasing to contain the spread of the virus by minimizing social gatherings, many industries saw a downward trend. The organic chemicals sector registered a slump growth due to decreased demand for chemicals in the food, beverage, and healthcare department due to the unknown threats of the virus. Because the virus spread from a flea market in Wuhan, China the chemicals market saw a considerable decline. This was mainly because China is, the world's leading manufacturer of food and beverage chemicals. With an escalation in the cases of COVID-19 virus affected people there occurred an imbalance in the Fruit Pectin Market dynamics of the fruit pectin industry. Seeing the current scenario, the fruit pectin industry is expected to regain its market value owing to an increase in demand for the chemical.

Fruit Pectin Market Dynamics:

Drivers:

• Increased use of food and beverage products in developing and developed countries.


• Changing lifestyle amongst people.


• Increase convenience foods and functional foods as per consumer preferences.


• Availability of high-quality and better-quality of processed food and liquids.


• Increased demand for fruit juices, popsicles, dairy, and other dietary products.


• Increased in the market of fruit jams and jellies which are made from pectin gelling agents.


• Rising interest of investors in the fruit pectin manufacturing industries.


• Expanding beverage and food industry globally.


• Increase in the demand for pectin to preserve poultry and meat.

Challenges:

- Dynamically changing the price of the raw materials involved to extract pectin.

- Healthy substitutes like guar and xanthan.

- Unfavorable climatic conditions.

- Increase in time for pectin extraction.

- Reduced use of lime juice.

Technology Analysis

Pectin is considered a polysaccharides substance that involves a complex process to extract pectin from its source and raw materials. Heating pectin with sugar acts as a thickening agent, gelling agent, and stabilizer for foods. Pectin is used in the preparation of fruit desserts, jams, jellies, yogurts, and other bakery products. Pectin is considered a polysaccharides substance that is found naturally in fruits like lemons, cranberries, apples, cape gooseberries, grapes, berries, oranges, and others. Whereas, certain fruits like peaches, apricots, strawberries, blueberries, rhubarb, and peaches have low pectin content. The content of pectin is higher in unripe fruit as compared to ripe fruits. Fruit pectin is beneficial to many end-users for food, beverage, personal care, healthcare, cosmetics, and packaging purposes. An appropriate amount of pectin when used in food preparation improves the color and texture of the food, reduces cooking time, and increases preservation life. Pharmaceuticals industries are making use of pectin for specialty medical adhesives and wound healing purposes. The fruits which have more than 65% of galacturonic acid are considered beneficial as food additives. Doctors recommend fruits with high pectin levels to patients suffering from prostate cancer, cholesterol, blood sugar levels, and diabetes. Pectin helps to absorb extra glucose in a human's body. Increasing demand for pectin in several industries has led to an increase in supply from manufacturers estimating a bright future for the Fruit Pectin Market.

Study Objectives:

The study objectives of the global fruit pectin market are:

- Historical and current market trends.

- A detailed study on market dynamics, market volume, market share, forecast, CAGR, revenue, and market value.

- A brief note on segmentation of the fruit pectin industry.

- Regional analysis and market share analysis.

- Factors influencing the market growth and challenges faced by the market.

Segment Overview:

By Form:

The global fruit pectin market is segmented by form as liquid pectin and dry pectin.

By Type:

The fruit pectin market is segmented by type as Low Methylated Ester Pectin, High Methylated Ester Pectin, and Amidated Pectin.

By Application:

The fruit pectin market is segmented by application as foods, beverages, cosmetics, Personal care, Bakery Toppings and Fillings, Pharmaceuticals, Dairy and Frozen Products, other Food Supplements, and Others.

By Function:

The fruit pectin market is segmented by function as Fat Replacer, Gelling Agent, Coating, Thickener, Stabilizer, Detoxification, and Others.

Based on end-user:

The fruit pectin market is segmented by end-user as Personal Care, Food and Beverage industry, Healthcare Industry, Cosmetics Industry, Pharmaceuticals, and Others.

Regional Analysis

The fruit pectin market is segmented by region as North America (U.S., Mexico, Canada), Europe (Germany, Italy, Spain, The U.K., France, and the Rest of Europe), Asia Pacific (China, Australia, India, Japan, New Zealand, and Rest of Asia Pacific), Latin America, Argentina, Brazil, Africa, The Middle East, and Rest of the World.

- Europe is considered the market-dominant accounting for 35% of the global pectin fruit market. An increase in demand for food and beverage chemicals in the European region has made it the market leader.

- North America holds the second global position of the fruit pectin industry with Brazil followed by Mexico and Denmark leading the way to the top. The rising interest of the pharmaceutical industry in pectin due to the health benefits, specialty medical adhesives, and wound healing purposes has increased the market value in the American region.

- China is the world's dominant producer, manufacture, and supplier of chemicals rising the market value of the Asia-Pacific region to more than 54% during the forecast period.

Competitive Landscape:

The Competitive Landscape of the fruit pectin industry is studied, analyzed, and cumulated by industrial experts by analyzing historical and current market trends. The report draws a competitive edge derived by quantitative and qualitative data gathered using primary and secondary research highlighting major stakeholders, joint ventures, strategic alliances, Top-down approaches, bottom-up approaches, multi-modal surveys, multi-lingual surveys, value chain analysis of the market, comprehending conclusions, new ventures, and novel opportunities.

The Intended Audience of the fruit pectin industry is Food and beverage industry, Raw material suppliers, Retailers, wholesalers, importers, exporters, traders, Global fruit pectin manufacturers, the Cosmetics industry, End users, and E-commerce companies.

The key market players of the Fruit Pectin Market are CP Kelco U.S. Inc. (U.S.), Yantai Andre Pectin Co. Ltd. (China), Obipektin AG (Switzerland), Pacific Pectin Inc. (U.S.), Herbstreith & Fox (Germany), Krishna Pectins Pvt Ltd (India), Cargill Inc. (U.S.), DowDuPont Inc. (U.S.), Ceamsa (Spanish Company of Algas Marinas SA) (Spain), and Silvateam S.P.A (Italy).

Recent Developments:

Cp Kelco has a fruit pectin manufacturing unit in Lille Skensved, Denmark. In November 2021, the company expanded this unit by 15% to enhance the pectin supply of LM i.e. low methyl ester, which is used as gelling agents for jellies, jams, fruit segments for preparation, and drinking yogurts.

Report Overview:

The global fruit pectin market report covers the following points:

- A detailed study on market dynamics, market volume, market share, forecast, CAGR, revenue, and market value.

- Impact of COVID-19 pandemic on the industry.

- Historical and current market trends

- A brief note of the market's segments and sub-segments.

- Regional analysis and market share analysis.

- Factors influencing the market growth and challenges faced by the market.

- Analyze key market players, competitive landscape, recent developments, and future business projections.

- Industry experts’ analysis and knowledge play a vital role in the market growth strategies.