Pectin is a carbohydrate found in fruits and vegetables. It is a light brown powder, particularly extracted from citrus fruits. Pectin has a variety of applications in the food & beverages industry such as thickening and gelling agent, and a colloidal stabiliser. It finds applications in the dairy as pie-fillings, jam, jellies and marmalades, and as a stabilizer in fruit juices and milk drinks. Pectin has medical applications and its drugs are useful to lower cholesterol, control diarrhoea, constipation, treat prostate and colon cancer, and ulcers.
High demand for pectin from food & beverages, confectionary, pharmaceutical, and textile industry, due to its ability to form thick gel-like solution, texturizer, emulsifier, stabilizer, filler in confectionary, dairy and bakery products, is expected to boost growth of the global pectin market. In pharmaceutical industry, consumption of drugs containing pectin has several health benefits such as ability to reduce cholesterol levels, prevent high triglycerides, relief from symptoms of diarrhoea, as well as prevent certain type of cancer such as colon and prostate. It also prevents poisoning caused by lead and strontium. Functional food market is witnessing significant growth owing to increasing consumer awareness related to health benefits and preventive healthcare. In addition, rising consumption of natural products, couples with increasing disposable income is expected to boost growth of the global pectin market.
However, inhalation of pectin during preparation of jam in food processing units can cause occupational asthma. Pectin also has short shelf-life and its efficacy starts weaken immediately after its extraction, which is expected to restrain growth of the global pectin market over the forecast period.
The global pectin market report has been segmented on the basis of function, application, and region. On the basis of region, the global pectin market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Europe accounted for the highest share in terms of revenue in the global pectin market, followed by North America. Growth in Europe market is attributed to increased consumption of processed food, and growing awareness related to pectin as nutritional supplement. North America accounted for second-highest share in terms of revenue in the global pectin market, owing to increasing demand for natural and organic products. Asia Pacific is also projected to witness significant growth, owing to rising preference towards consumption of healthier eating habits in countries in this region.
Prominent players in the global pectin market include Cargill, Incorporated, Compañía Española de Algas Marinas S.A. or Ceamsa, CP Kelco ApS, Danisco A/S or Du pont, Yantai Andre Pectin Co. Ltd., Herbstreith & Fox KG, Devson Impex Private Limited, Naturex S.A., Silvateam S.p.a., and Tate & Lyle PLC.