Global Pectin Market 2017 - CP Kelco, DuPont, Cargill, Herbstreith & Fox Corporate group, Yantai Andre Pectin, Naturex

Over the past few years, the global pectin market has witnessed a steady growth. Diverse applications of pectin in industries such as pharmaceutical, cosmetic, and food and beverage have contributed in the growth of the market.

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The latest report by IMARC Group, titled “Pectin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017- 2022”, finds that the global pectin market reached a volume of around 103 Thousand Tons in 2016, exhibiting a CAGR of 6% during 2009-2016. Pectin is a heteropolysaccharide found naturally in all fruits and vegetables. It is extracted from the peels of orange, apple, sweet lime and lemon under specific temperature, pH and time period. Pectin is a light brown coloured powder which forms a gel when mixed with water. It is used as a thickener, gelling agent, water binder and stabilizer in the food and beverage industry.

Highlights of the global pectin market:

Diverse applications of pectin in the food and beverage industry remains the major driver for the market growth.

In terms of raw material, citrus peel dominates the total production.

Europe holds around a third of the total share, representing the largest market.

One of the major driver for the pectin market is its usage as a thickener or jellying agent in the production of yoghurt, jam and jelly. It is also used in low-fat dairy products, bakery products, confectioneries and spreads. Moreover, the flourishing cosmetic industry helps in boosting the demand for pectin as it is used in the production of make-up foundation, personal care products and hair products. Apart from this, pectin is also used in the pharmaceutical sector as it provides certain health benefits. It is known to fight cholesterol, prostate cancer, diabetes and gastroesophageal reflux disease. Due to its diverse applications in these industries, the demand for pectin is further expected to reach a volume of around 144 Thousand Tons by 2022, growing at a CAGR of 5.7% during 2017-2022.

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On the basis of raw material, citrus peel dominates the total production of pectin, followed by apple peel and other fruit and vegetable residues. On the basis of region, Europe represents the largest market, accounting for around one-third of the global share. It is followed by Asia, North America, Latin America and others. On the basis of application, jams and preserves represent the largest market for pectin, accounting for a third of the total consumption, followed by drinkable and spoonable yoghurt, bakery and confectionary, fruit beverages, and other milk drinks. Some of the key players operating in the market are CP Kelco, DuPont, Cargill, Herbstreith & Fox Corporate group, Yantai Andre Pectin and Naturex.

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