Global Pectin Market Growth Register by COVID 19 Effect | Adopting New Technologies, Quality in Productivity and Rising Trend by Top Key Players: CP Kelco, Cargill, Danisco (DuPont), Herbstreith & Fox KG, Silvateam, Yantai Andre Pectin, Ceamsa, Naturex

Overview:

Pectin is a fiber found in fruits, such as lemons, berries, oranges, and apples. Pectin is used for high triglycerides, high cholesterol, and to prevent colon and prostate cancer. Moreover, it is used for diabetes and gastroesophageal reflux disease (GERD). Pectin has several applications in end-use industries, such as personal care, pharmaceuticals, and food & beverages, etc. The global pectin market is divided into six regions, such as North America, South America, Asia Pacific, Europe, the Middle East, and Africa.

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Drivers:

Increasing applications of pectin in the pharmaceutical and food & beverage industries are expected to propel the growth of the global pectin market over the forecast period. For instance, in August 2018, Cargill planned to invest US$ 150 million to build a pectin production facility in Brazil. Growing consumption of premium food and beverage products, as well as growing demand for convenience foods, functional dairy products, and baked food, is also expected to fuel market growth. Moreover, rising demand for gelling agents in foods such as jams and jellies, increasing in fruit pectin manufacturing capacity, and growing applications of fruit pectin in bakery products, meat & poultry products, fruit beverages, and others is expected to propel the growth of the global pectin market.

Restraint:

Fluctuating prices of pectin and its products are expected to hinder the global pectin market growth over the forecast period.

Opportunities:

Increasing investments in research and development activities are expected to create growth opportunities in the market.

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Regional Insights:

Europe and South America are expected to witness robust growth in the global pectin market owing to the rising demand for pectin and growth of end-use applications. For instance, in November 2018, CP Kelco announced that it will increase pectin production capacity by 15% at the Denmark facility to fulfill the pectin demand in the market.

The Asia Pacific is expected to witness robust growth in the global pectin market owing to the presence of emerging countries such as India and Chain, as well as changing lifestyles and food preferences in these countries.

Competitive Section:

Key players operating in the global pectin market are CP Kelco, Cargill, Danisco (DuPont), Herbstreith & Fox KG, Silvateam, Yantai Andre Pectin, Ceamsa, Naturex, Pomona's Universal Pectin, Jinfeng Pectin, and Yuning Bio-Tec.

In March 2019, CP Kelco announced an investment to increase pectin production capacity by 10% at Brazil's facility to fulfill the pectin demand in the market.

In October 2018, CP Kelco introduced GENU Explorer Pectin ND-200, a label-friendly food ingredient solution designed for neutral pH dairy desserts.

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