The fruit pectin market is expected to expand at a steady CAGR of 5.6% each year, with an expected value of USD 1,470.5 million in 2032. The major fruit pectin market is Europe.
But during the past ten years, pectin has been more and more in demand everywhere, due to the:
Report Attribute | Key Statistics |
---|---|
Growth Rate (2016 to 2021) | 4.2% CAGR |
Projected Growth Rate (2022 to 2032) | 5.6% CAGR |
Expected Market Value (2022) | USD 942.6 Million |
Anticipated Forecast Value (2032) | USD 1,470.5 Million |
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Fruit pectin demand is at an all-time high, driven by worldwide trends toward sugar reduction, label-friendly formulation, and the ubiquity of dairy drinks with fruit flavors. Customers seek out cutting-edge, novel items that provide the vegan and label-friendly choices they demand. Several industries, including baking, beverages, pharmaceuticals, and food supplements, are seeing an increase in demand for fruit pectin. End-use sectors are substituting some of the conventionally employed materials with more organic and healthful goods. The need for homemade fruit pectin is generated by both businesses and households.
Fruit pectin is now predominantly offered for industrial application due to lifestyle changes. Demand for fruit pectin is high in Europe, as it is still offered to customers as an incorporated part of gelling sugar in various European markets.
Fruit pectin is widely thought to be an incredibly safe food addiction, and several food additive laws govern both its composition and application. Additionally, FAO and WHO-recognized International Codex Alimentarius recognize it.
Pectin is also approved for use in all non-standard foods by the USA Food and Drug Administration (USFDA), which classifies it as GRAS (Generally Recognized as Safe). In terms of the product's commercial potential, the IPPA believes that good quality, organically produced pectin raw ingredients are currently not readily available in significant amounts.
Pectin imports to India have increased during the past few years. India's pectin imports increased from USD 4.84 million in 2012 to USD 8.15 million in 2013, according to the Ministry of Commerce (GoI).
The value of imports in 2014 was USD 10.14 million, continuing the trend. Fruit pectin is imported from several international markets by multinational companies, such as Hindustan Unilever, Nestle, GlaxoSmithKline, Kellogg's, and many more. Imported pectin is also used by all significant producers of dairy products and food products.
The new plant's processes, technology, and controls are intended to deliver the high levels of functionality, application, and ingredient performance that customers want. To guarantee strong product functioning for consumers, firms who invested in new plants have put in place raw material quality controls at the point of entry, as well as in-line controls.
Cargill funded USD 150 million in a new HM (High Methoxyl) pectin plant in Bebedouro, Brazil, which started operations in September 2021, to help supply the demand for fruit pectin. The facility creates goods for the portfolio of high-methoxyl (HM) pectin, which is used in dairy drinks, juice drinks, jams, and confectionery.
Additionally, Cargill has the plan to leverage its high-quality and dependable UnipectineTM offering to establish itself as a substantial and long-lasting leader in the global fruit pectin industry.
Apples, lemons, limes, and oranges contain large quantities of pectin. It has amazing properties that help to prepare healthy and delicious food. Pectin Extraction Citrus peel and apple pomace contain other natural substances, like solid fibers, that are not desired in the jellying processes, so the pectin must be extracted and separated from them.
Extraction is done in hot acidulated water, where pectin dissolves at the right temperature after a certain amount of time. Undesired solids are separated through mechanical and filtration processes until all solids are removed.
When pectin is heated with sugar, it acts as a gelling agent, stabilizer, and thickening agent in foods. Around 90% of the fruit pectin is used in the food & beverage industry followed by healthcare, personal care, cosmetics, and another packaging purpose.
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Enhanced Consumption of Functional Foods to Augment Fruit Pectin Use
Functional foods today play a vital role in disease prevention and health promotion. Contemporary consumers are seeking out customizable foods, beverages, and dietary solutions which help enhance nutritional and personal health goals. According to the USA Census of 2020, with 109 million Americans aged 50 or older, and 48 million aged over 65, lifestyle issues and conditions of aging are anticipated to drive functional food consumption in forthcoming years.
A major part of these functional foods comprises fruits or fruit-derived food products. Recently, pectin and pectin-derived oligosaccharides are being used as important ingredients in functional foods. This also includes fruit pectin. There are various documented instances wherein food-derived pectin has proven highly effective in reducing the incidence of various chronic ailments among the elderly demographics.
The most common type of fruit pectin is apple derived. Approximately 15-20% of apple pulp comprises of this important functional ingredient. Some key benefits of apple-based pectin include the maintenance of the gut microbiome, promoting weight loss, regulating blood sugar levels, and maintaining a healthy heart. Adults who consume 5-20 grams of apple pectin with orange juice experience a feeling of fullness, reducing excessive food intake and achieving weight loss.
No market is devoid of challenges and the global fruit pectin market is no exception. One of the primary factors restraining market growth is the increased use of substitutes like Xanthan and guar.
Increasing prices of fruit pectin along with processing costs, and the occurrence of devastating a citrus greening disease may hamper the growth of the fruit pectin market in near future.
North America was the largest market for the fruit pectin market and the trend is expected to continue into the forecast period owing to the high production of fruit pectin in the region. With the high consumption of processed food, advanced technology, high disposable income, and rising demand for diet carbonated drinks and sugar-free products in North America demand for fruit pectin are anticipated to rise in the region. The rapidly growing food and beverage sector and the growing popularity of vegetarian food among the population further drive the growth of the fruit pectin market.
Increased consumption of foods and food items with possible health advantages has stemmed from consumers' desire to live a better lifestyle. Consumers are more aware of their dietary habits. All these factors boost the growth of the market in the region. Europe accounts for a total 32.7% share of the global fruit pectin market.
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the fruit pectin market, due to the increasing demand for fruit pectin in the cosmetic and personal care industry Europe’s fruit pectin market accounts for 27.4%share of the total global fruit pectin market.
The increasing trend of natural, organic, and environment-friendly products drives the fruit pectin market in the region. Also, growing application areas of hydrocolloids, such as controlling the thickening and gelling properties of aqueous foods, as well as the natural property of hydrocolloids, are driving market development boost the demand for fruit pectin in the region.
The Asia Pacific will continue to account for a leading share of the global fruit pectin market due to the rising demand for personal care products in the Asia Pacific. The ever-increasing market for natural personal care items and cosmetics is expected to result in record-breaking sales of the ingredients used in these products.
Over the assessment period, revenue from sales of personal care items and ingredients is expected to rise significantly in countries such as India, China, Southeast Asia, and Japan.
Maple biotech PVT ltd, Mirtillo, Zio Chemical, and DSM Andre Pectin are some of the startup companies operating in the fruit pectin market.
Some of the key participants present in the global fruit pectin market include 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. among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as CP Kelco, Cargill Inc., Devson Impex Pvt. Ltd., and Nestlé S.A., account for a considerable market size, several regional-level players are also operating across key growth regions.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 5.6% from 2022 to 2032 |
Expected Market Value (2022) | USD 942.6 Million |
Anticipated Forecast Value (2032) | USD 1,470.5 Million |
Base Year for Estimation | 2021 |
Historical Data | 2016 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million, and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Form, Application, Function, End User, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
Key Countries Profiled | United States of America, Canada, Mexico, Brazil, Argentina, Germany, Italy, United Kingdom, Spain, France, Nordic, Rest of Western Europe, Russia, Poland, China, India, ASIAN, Australia &New Zealand, Japan, GCC Countries, South Africa, Northern Africa |
Key Companies Profiled | 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. |
Customization | Available Upon Request |
FMI projects the global fruit pectin market to expand at a 5.6% value CAGR by 2032
North America is expected to be the most opportunistic with a 32.7% share of the total fruit pectin market
CP Kelco, Cargill Inc., Devson Impex Pvt. Ltd., and Nestlé S.A are some prominent fruit pectin market manufacturers.
1. Executive Summary | Fruit Pectin Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 5.1. Dry 5.2. Liquid 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Bakery Toppings and Fillings 6.2. Beverages 6.3. Food Supplements 6.4. Dairy & Frozen Products 6.5. Pharmaceuticals 6.6. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Function 7.1. Thickener 7.2. Fat Replacer 7.3. Stabilizer 7.4. Gelling Agent 7.5. Detoxification 7.6. Coating 7.7. Others 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 8.1. Foods & Beverages Industry 8.2. Personal Care & Cosmetics Industry 8.3. Healthcare Industry 8.4. Others 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. Middle East and Africa 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. CP Kelco 17.2. Cargill Inc. 17.3. Devson Impex Pvt. Ltd 17.4. Nestlé S.A 17.5. Danone S.A. 17.6. Unilever 17.7. Kellogg NA Co 17.8. Yantai Andre Pectin Co. Ltd 17.9. Danisco A/S 17.10. B&V srl 18. Assumptions & Acronyms Used 19. Research Methodology
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