Pectin is a structural
heteropolysaccharide which is usually found in the primary cell wall of
terrestrial plants. It is commercially manufactured as a brown powder, majorly
extracted from citrus fruits. Pectin is primarily used as a gelling agent in
food products such as jellies and jams. It is also consumed in sweets,
medicines and fillings, as well as a stabilizer in milk drink and fruit juices,
and as a primary source of dietary fiber. Pectin belongs to the group of food
hydrocolloids which form viscous gels or liquids when dispersed in water.
Pectin has a wide range of application scope in the food industry such as
beverages, meat & poultry products, bakery, confectionary, sausage and
dressings, and dairy products among others.
The global market for pectin has been witnessing significant growth on
account of rising demand for food products from developed as well as developing
economies. The industry has been mature in developed regions such Europe,
followed by North America. However, the industry for pectin is anticipated to
grow rapidly in emerging economies such as China and India owing to change in
lifestyle of the individuals as well as changing consumer preferences for
convenience foods. Moreover, economic development in China has resulted in
increasing purchase power of consumers, leading to increasing demand for
high-quality processed foods.
Although the industry for pectin is rapidly growing driven by rising
demand for processed and convenience foods, growing preference towards
functional foods from various health conscious consumers have also played a key
role in the growth of the market. In addition, the industry has been witnessing
demand for low-calorie and low-fat food products from consumers resulting in
more demand for pectin from food manufacturers. Based on these factors, pectin
is considered as an essential food additive due to which the market is liable
to increase significantly.
Dairy & frozen product accounted for largest application segment in
the overall pectin market owing to their wide consumption as stabilizers in
ice-creams, yogurts etc. Leading large-scale companies such as Yantai Andre
Pectin Co. Ltd. are implementing various strategies such as new product
launches and expansions in order to increase their productivity and widen their
global reach.
Growing health awareness among consumers for functional foods is expected
to be one of the major factors driving the demand for pectin over the forecast
period. Moreover, multi-functionality of pectin in various dairy and functional
foods is expected to broaden their application scope in the food industry, further
leading to the growth of the market. However, unavailability of raw materials
to pectin as well as fluctuations in the prices of these raw materials is
expected to hamper the growth of the market. Cost of raw materials for
manufacturing pectin, which includes citrus peel and apple pomace have
increased due to risen processing costs and prices of citrus fruits. Pricing
and supply of these fruits are significantly affected by the weather conditions
with a citrus disease known as “greening” affecting the industry performance.
Focus in research and development (R&D) activities leading to product
innovation is expected to provide new opportunities for the growth of the
market. In addition, emerging regions such as Asia Pacific hold immense
potential for the overall hydrocolloid market on account of rising consumption
of convenience foods.
B&V srl, Cargill Inc., Ceamsa, CP Kelko, Danisco A/S, and Yantai
Andre Pectin Co. Ltd. are some of the leading manufacturers of pectin present
in the industry.
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