Pectin Market

Pectin Market Outlook from 2024 to 2034

The global pectin market is expected to expand from USD 1,059.2 million in 2024 to USD 1,945.8 million by 2034. The market is projected to surge at 6.3% CAGR from 2024 to 2034.

Attributes	Key Insights
Estimated Global Pectin Market Size (2024E)	USD 1,059.2 million
Projected Pectin Market Value (2034F)	USD 1,945.8 million
Value-based CAGR (2024 to 2034)	6.3%

Increasing awareness and demand for natural products and plant-based ingredients is driving high demand for Pectin in the industry. Consumer demand for clean-label and natural products is a significant growth factor for the Pectin market. It is derived from fruits and vegetables.

Pectin is a dietary fiber and it helps with digestion and it promotes gut health. The advantages of pectin for health is the key factor for the growing demand for Pectin market.

The pectin market is expected to rise due to the growing middle-class population. The demand for pectin powder is also projected to surge as people's busy lifestyles cause them to consume more functional meals.

The growing emphasis of manufacturers on product innovation and expansion is set to trigger pectin sales. Companies are introducing innovative products for health-conscious customers, including creating pectin blends with other ingredients and developing pectin varieties suitable for specific applications.

• For instance, CP Kelco recently launched GENU Pectin YM-FP-2100. This clean, label-friendly ingredient provides a medium to high viscosity in fruit-based drinking yogurt, with easy pump ability at the fruit prep stage.

2019 to 2023 Global Pectin Market Growth Outlook Vs. 2024 to 2034

The global pectin sales grew at a CAGR of 4.5% from 2019 to 2023.

• Pectin is used in the food industry for its gelling and thickening qualities. The pectin market grew due to its widespread use in the manufacturing of jams and jellies.
• The conventional uses of pectin were surpassed in the early 2020s. It was incorporated into a number of food and drink goods, including dairy, candies, and baked goods.
• Advancements in extraction and processing processes made it possible to satisfy the food industry's varied needs by creating pectin with improved functions.
• The pectin market adjusted to shifts in supply chain dynamics as the food industry grew more international.
• As producers began sourcing raw materials from different parts of the world, the pectin industry began to rely heavily on international trade.

The pectin market is predicted to progress at 6.3% CAGR in the next ten years. This is due to the following factors:

• Key factors driving growth in the global pectin market are its versatile, functional properties, such as its ability to form gels, stabilize emulsions, and act as a thickener. These properties are making it valuable in several industries.
• Researchers and manufacturers worldwide are discovering new applications for pectin, creating lucrative growth opportunities for pectin manufacturers.
• Pectin's functional properties make it valuable in food, pharmaceutical, and cosmetic formulations. As these industries continue to innovate and find new applications, the pectin market is expected to surge during the assessment period.

Key Trends in the Pectin Market

• Growing demand for processed and convenience food is a key factor driving the global pectin industry.
• Increasing customer preference for natural and organic ingredients is expected to fuel the market's growth.
• Continuous product innovation is expected to foster market development.
• Ongoing research & development for improving pectin extraction processes and exploring new sources of pectin is set to create new opportunities for companies.
• The benefits of pectin in the food and cosmetics industry are a significant key factor for market growth.
• Manufacturers are providing transparent information about the origin source of pectin, and focusing on sustainable sourcing of raw materials is set to positively impacting on consumers' trust.

Restraining Factors in the Pectin Market

• Citrus fruits and apple pomace are the key sources of pectin. Variations in the supply of these raw materials caused by unfavorable weather and pests are set to impact pectin's availability & cost.
• Extracting superior pectin requires significant resources, particularly water and electricity. Exorbitant production expenses are set to affect pectin's overall competitiveness compared to substitute additives.
• The pectin market's potential growth is expected to be constrained by competition from cheaper alternatives or replacements with particular functional benefits.

Country-wise Insights

The table below shows the estimated growth rates of the leading countries. India and the United Kingdom are set to record high CAGRs of 8.9% and 9.0%, respectively, through 2034.

Countries	Projected CAGR (2034)
United States	4.8%
India	8.9%
United Kingdom	9.0%

Booming Food and Beverage Industry in the United States Driving Demand

The United States pectin industry is poised to exhibit a CAGR of 4.8% during the assessment period. By 2034, the United States market is expected to reach USD 392.6 million. The key factors supporting the market’s growth are:

• Pectin is extensively used in the food & beverage industry across the United States, especially in the manufacturing of jams, jellies, fruit-based spreads, and confectionery items.
• Consumers' awareness and demand for plant-based ingredients and natural products is creating significant demand for pectin in the United States.
• Consumers' attraction to clean-label and natural ingredients is driving the trend in global market.
• Since pectin is a naturally occurring polysaccharide, it fits consumers' desire for natural and minimally processed foods.

Increasing Awareness about Sustainability to Boost Sales in the United Kingdom

Pectin demand in the United Kingdom is anticipated to rise at a steady CAGR of 9.0% during the forecast period. By 2034, the United Kingdom is expected to hold a market share of 22.1% in Europe. This is attributable to a combination of factors, including:

• Pectin is used in a wide range of food and beverage products, such as dairy, drinks, and baked goods, in addition to its conventional uses in jams and jellies. This diversity of applications boosts the demand for pectin as a whole in the United Kingdom.
• Sustainability concerns are growing significantly in the United Kingdom, which also applies to the food and beverage sector.
• Pectin manufacturers are implementing ecologically friendly production techniques and sustainable sourcing strategies to meet consumer expectations.

Growing Food Processing Industry Elevating Pectin Sales in China

China's pectin market is expected to reach a valuation of around USD 189.7 million by 2034. Top factors supporting the market’s expansion in the country include:

• China's growing food processing industry, including the production of jellies and processed foods, is driving demand for pectin as a gelling and thickening agent.
• Pectin is utilized in traditional Chinese cuisine for its gelling properties, especially in preparing fruit-based desserts and sweets. Its role in traditional recipes is further contributing to its acceptance and popularity in China.
• Manufacturers are set to invest in modern manufacturing facilities, advanced technology, and skilled labor, which can result in increased efficiency in pectin production and low production costs.

Category-wise Insights

The section below shows the high-methoxyl pectin segment dominating by product type. It is predicted to hold a market share of 78.2% in 2024. Based on end-use applications, the jam segment is anticipated to generate a dominant share through 2024. It is set to hold a share of 11.8% in 2024.

Segment	Market Share (2024)
High-methoxyl Pectin (Product Type)	78.2%
Jams (End-use Application)	11.8%

Demand for High-methoxyl Pectin to Continue to Rise in the Market

Demand for high-methyl pectin is expected to remain high during the assessment period based on product type. With a market share of around 78.5%, the high-methyl pectin segment is projected to reach a valuation of USD 1,485.3 million in 2034.

• High-methyl pectin has exceptional gelling properties, making it a versatile ingredient in the food industry. It can form strong and elastic gels in the presence of sugar and acid, suitable for several applications.
• High-methyl pectin is commonly used to produce jams, jellies, fruit fillings, and other products that require a firm gel structure.
• High-methoxyl pectin is more cost-effective than other types of pectin. This gives it an economic advantage, combined with its functional properties, which makes it a preferred choice.

Jam Segment to Lead by End-use Application over Jellies and Bakery Fillings

The jams segment is anticipated to thrive at 4.6% CAGR and reach a market valuation of USD 181.3 million by 2034. Factors pushing growth are:

• By using pectin, the cooking time of jam is significantly reduced compared to traditional methods. This is beneficial in preserving the natural flavors, colors, and nutritional properties of the fruits used in jams.
• Pectin is compatible with several fruits, including high-pH fruits such as apples, citrus, and berries. This versatility allows pectin to produce jam using different fruits and flavor combinations, catering to diverse consumer preferences.

Competitive Landscape

Leading pectin manufacturers are launching new and innovative products to meet consumer demand. To gain a competitive advantage in the market, leading players are directed toward partnerships, distribution agreements, mergers & acquisitions, collaborations, advertising, and celebrity endorsements.

For instance

• In 2021, Cargill opened a USD 150 million pectin production facility in Brazil to meet the growing global demand for this label-friendly texturizing ingredient.
• In 2019, Silvateam, a company based in Italy, joined forces with Germany’s JRS Group to create a joint venture focused on producing and selling pectin & texturizing systems and distributing tara gum.

Key Companies Profiled

• CP Kelco USA, Inc.
• Cargill, Inc.
• DuPont Inc.
• Herbstreith & Fox
• Yantai Andre Pectin Co., Ltd.
• Naturex Group
• Silvateam Food Ingredients
• CEAMSA
• Lucid Colloids Ltd
• Quadra Chemicals

Pectin Market Segmentation by Category

By Product Type:

• High-methoxyl Pectin
• Low-methoxyl Pectin
  • Amidated (LMA)
  • Non Amidated (LMC)

By End-use Application:

• Fermented Plant-based Products
• Fermented Dairy Products, including Yoghurt
• Jams
• Jellies
• Chews
• Fruit Spreads
• Sugar Confectionary
• Fruit Roll Ups
• Fruit Preparations
• Bakery Fillings
• Glazes
• Sauces
• Toppings
• Ripples
• Compotes
• Juices
• Reduced-sugar Beverages

By Source:

• Citrus Fruits
  • Oranges
  • Tangerines/Mandarins
  • Grapefruit
  • Lemon and Lime
• Pears
• Apples
• Plums
• Banana
• Others (Peach, Berries)

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

Frequently Asked Questions

How big is the pectin market?

The market is set to reach USD 1,059.2 million in 2024.

What is the forecast for the pectin market?

Demand for pectin is slated to expand at a 6.3% CAGR by 2034.

What is the outlook for the pectin market?

The market is set to reach USD 1,945.8 million in 2034.

Who are the key players in the pectin market?

CP Kelco USA, Inc., Cargill, Inc., and DuPont Inc. are the key players.

Which region is expected to lead the pectin market?

Europe is expected to have a market share of 36.0% in 2024.