Pectin Industry Analysis in Korea

An In-depth Look at Sale of Pectin in Korea from 2023 to 2033

Demand for pectin in Korea is expected to be worth USD 5.12 million in 2023. In 2022, the demand size was tipped to be USD 5.00 million. The demand in Korea is projected to continue at a steady rate over the forecast period, with a CAGR of 2.6%. By 2033, the sale of pectin in Korea is anticipated to attain a value of USD 6.63 million.

Key Insights for Pectin Industry in Korea :

• Koreans are indulging in bakery, confectionery, and other sweet products on a heavy basis. The consumer's sweet tooth is a significant factor contributing to the increased sales of pectin in Korea.
• Consumers in this country are increasingly becoming aware of the practices related to food production. As the process of extracting pectin is sustainable, the settling agent is viewed positively in Korea.
• Enthusiasts of fitness and plant-based diets are growing in Korea. Pectin, as a naturally derived plant-based product, is thus becoming popular as a gelling agent in Korea.

Attributes	Details
Industry Size for Korea in 2023	USD 5.12 million
Expected Industry Size for Korea by 2033	USD 6.63 million
Forecasted CAGR between 2023 to 2033	2.6%

Key Trends Shaping the Demand for Pectin in Korea

• Pectin provides gelling, thickening, and settling qualities to products such as baked goods and jams. Thus, with food sectors such as baking and confectionery increasing in popularity, the sale of pectin in Korea is growing.
• Pectin has a place in traditional Korean sweets. For example, Gwapyeon is a traditional Korean sweet made from fruits that are high in pectin. Thus, Korean consumers are already inclined toward the taste of pectin.
• Pectin extraction is dependent on the fruits that contain the substance. Irregular weather patterns often lead to low quantities of pectin-rich fruits. Thus, the problem of a lack of available pectin is faced in Korea.
• There are numerous alternatives to pectin available as gelling agents in Korea. For example, gelatin is a popular product that is a prominent alternative to pectin.
• In addition to the food industry, pectin is also used in the medical industry. The use of pectin has been linked to improving intestine health and stools. Thus, the demand for pectin in Korea is not concentrated just on sweets and is multi-dimensional.

Category-wise Insights

Stabilizing Quality of High Methoxyl Pectin Makes the Product Popular in Korea

Korea primarily uses high methoxyl pectin as the chosen pectin type. For 2023, high methoxyl pectin is predicted to hold 58.4% of the industry share by product type. High methoxyl pectin (HMP) is used as a gelling agent due to its rapidly setting properties. HMP also adds a sweet quality to the food. Thus, HMP is highly regarded in Korea.

Demand for Pectin in Korea Based on Product Type	High Methoxyl Pectin
Industry Share in 2023	58.4%

Pectin's Natural Appeal Fuels Growing Adoption in Jams and Jellies

Jams and jellies are common types of foods in which pectin is used across Korea. For 2023, jams & jellies are expected to account for 18.5% of the industry share by application. Consumers here prefer jams and jellies that taste as natural as possible. Pectin grants a natural feel to jams and jellies. Thus, both consumers and food-makers are using pectin-infused jams and jellies.

Demand for Pectin in Korea Based on Application	Jams & Jellies
Industry Share in 2023	18.5%

Competitive Landscape

In the competitive landscape of pectin in Korea, numerous local industry players capitalize on the abundance of fruits containing pectin. However, the import of pectin remains high, with leading suppliers being India, Brazil, and the United States. Korean manufacturers actively explore new techniques for pectin extraction, aiming to streamline the process and enhance competitiveness in the market.

Recent Developments Observed in Pectin in Korea

• In October 2023, the local food brand CJ CheilJedang launched a new line of fruit juices prominently featuring pectin as a key ingredient.
• In August 2022, LG Chem, a local chemical company, developed a novel bioplastic made from pectin.

Some of the Key Players Offering Pectin in Korea

• CJ CheilJedang
• LG Chem
• DuPont Korea
• CP Kelco Korea
• Jungbunjang
• Cargill Korea
• Kerry Korea
• Brenntag Korea
• Ingredion Korea
• JRS Korea

Scope of the Report

Attribute	Details
Estimated Industry Size in 2023	USD 5.12 million
Projected Industry Size by 2033	USD 6.63 million
Anticipated CAGR between 2023 to 2033	2.6% CAGR
Historical Analysis of Demand for Pectin in Korea	2018 to 2022
Demand Forecast for Pectin in Korea	2023 to 2033
Report Coverage	Industry Size, Industry Trends, Key Insights for Pectin in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers
Key Companies Profiled	CJ CheilJedang; LG Chem; DuPont Korea; CP Kelco Korea; Jungbunjang; Cargill Korea; Kerry Korea; Brenntag Korea; Ingredion Korea; JRS Korea
Key Provinces Analyzed	South Gyeongsang, North Jeolla, South Jeolla, Jeju

Key Segments

By Product Type:

• High Methoxyl Pectin
• Low Methoxyl Pectin
  • Amidated
  • Non-amidated

By Application:

• Bakery Fillings & Toppings
• Beverages
• Confectionery
• Dairy Products & Frozen Desserts
• Dietary Supplements
• Functional Food
• Jams & Jellies
• Meat & Poultry Products
• Personal Care & Cosmetics
• Pharmaceutical

By Province:

• South Gyeongsang
• North Jeolla
• South Jeolla
• Jeju

Frequently Asked Questions

What is the Industry Size of Pectin in Korea?

The industry size of pectin in Korea is valued at USD 5.12 million in Korea in 2023.

At What Rate is Demand for Pectin Growing in Korea?

The pectin industry is forecasted to develop at a rate of 2.6% in Korea through 2033.

What Will be the Korean Industry Size of Pectin in 2033?

The industry size for pectin is estimated to reach USD 6.63 million in Korea by 2033.

Who are the Prominent Companies in Korea that Sell Pectin?

CJ CheilJedang, LG Chem, DuPont Korea, and CP Kelco Korea are some of the prominent companies in Korea that sell pectin.

Which Product in Korea Prominently Features Pectin?

Jams & jellies are the prominent type of product which feature pectin, with an expected industry share of 18.5% in 2023.