Pectin Market to see Rapid Growth by 2029

The global pectin market is anticipated to grow at a CAGR of 6.2% during the forecast period. Owing to the increasing aging population with diseases such as blood cholesterol and gastrointestinal disorders is propelling the global pectin market. Pectin has anti-ageing properties and slow degeneration properties for skin and hair. Owing to this, it is used in several cosmetics creams and lotions. According to the World Health Organization (WHO) data, around 9% of the world population is aged 65 years or more, which boosts the market and according to the Centers for Disease Control and Prevention (CDC), around 38% of American adults have high cholesterol, thus, pectin can be used to normalize the blood cholesterol levels, which further boost the market growth. Companies are focusing on new launches, mergers and acquisitions, and partnerships and collaborations, to remain in the competition.

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Recent Strategic Initiatives

In September 2020, Herbstreith & Fox GmbH & Co. acquired the pectin business from Givaudan SA which will enable the former company to expand the core markets across Europe, North Africa, and the Middle East while gaining a stronger foothold in Poland.
In February 2019 Royal DSM increased its shareholding in Andre Pectin from 29% to 75%.
In September 2021, Cargill, Inc. started a new HM (High Methoxyl) pectin plant in Bebedouro, Brazil to serve the juice beverages, dairy drinks, jams, and confectionery markets. The new plant's proximity to citrus fields ensures an abundant supply of fresh fruit peels - the raw material required for premium pectin production.

Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029

Segment Covered- 

By Type
By Source
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- Cargill, Inc., Koninklijke DSM N.V., CP Kelco U.S., Inc., Ingredion Inc., and International Flavors & Fragrances Inc.

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Pectin Market Report by Segment

By Type

HM Pectin
LM Pectin

By Source

Citrus Fruit
Apple
Sugar Beet

By Application

Beauty and Personal Care
Food and Beverages
Pharmaceuticals

Pectin Market Report by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

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

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

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