Pectin market is expected to grow at a significant CAGR of 6.2% during the forecast period. Pectin is a fiber found in fruits. It is often used as a thickener in cooking and baking and is derived from apple and citrus peels. It is also sometimes used to make medicine. People use pectin for high cholesterol, high triglycerides, heartburn, and many other conditions. It has diverse applications across industries, such as cosmetics, food and beverages, and pharmaceuticals, which have contributed to the growth of the market. The increased demand for pectin in fruit juice is driving the global pectin market as pectin supports the destabilization of juices and improves the texture.
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COVID-19 pandemic had an extreme impact on almost all sectors across the globe disrupting supply and demand in the business. The pandemic stopped import-export dealings and temporarily stopped the production of various products such as processed foods, cosmetics, personal care, and others which caused a decrease in demand for products used in personal care products, such as pectin. Therefore, trade restrictions and labor shortages impacted the pectin market across the globe.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Pectin Market by Type
- HM Pectin
- LM Pectin
Global Pectin Market by Source
- Citrus Fruit
- Apple
- Sugar Beet
Global Pectin Market by Application
- Beauty and Personal Care
- Food and Beverage
- Pharmaceuticals
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- B&V srl
- Compañía Española De Algas Marinas S.A.
- Foodchem International Corp.
- Herbstreith & Fox GmbH & Co. KG
- Krishna Pectins Pvt. Ltd.
- Lucid Colloids Ltd.
- Naturex SA
- Pacific Pectin, Inc.
- Silvateam SpA
- Tate & Lyle PLC
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pectin market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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