Pectin Global Market Report 2024

The pectin market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed in the historical period can be attributed to several factors, including the expansion of the fruit processing industry, increased awareness of health benefits associated with pectin consumption, globalization of food trade, diversification of pectin applications, and the influence of government regulations and standards.

The pectin market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be attributed to factors such as the clean label movement, a heightened demand for low-sugar and sugar-free products, an increased interest in functional foods, the expansion of the pharmaceutical industry, and the growing application of pectin in the pet food industry. Prominent trends expected in the forecast period include the adoption of biodegradable packaging, technological advancements in extraction processes, ongoing research and development in various pectin varieties, a focus on sustainable sourcing practices, and increased adoption of pectin in the nutraceuticals sector.

The anticipated rise in food and beverage consumption is poised to drive the growth of the pectin market. Food and beverage, comprising cooked or processed edible substances for human consumption, often incorporate pectin to manage digestive health and prevent blood sugar spikes. The increased consumption is attributed to factors such as rising disposable incomes, urbanization, and evolving lifestyles. In 2021, the Food and Drink Federation (FDF) reported that the food and drink industry contributed $37.3 billion (£30 billion) to the UK economy, marking a 4.2% increase from the previous year, with a turnover exceeding $139.27 billion (£112 billion) and constituting 20% of total UK manufacturing. Therefore, the growing demand for food and beverages is expected to propel the pectin market.

The expanding bakery sector is anticipated to foster the growth of the pectin market. Encompassing the production and sale of baked goods, the bakery industry includes a diverse range of products such as bread, pastries, cakes, cookies, and muffins. Pectin plays a significant role in crafting fruit fillings for various baked items, contributing to the desired gel texture and enhancing overall product quality. For instance, the American Bakers Association reported mixed first-quarter dollar sales in the bakery industry in May 2021, with categories such as cakes showing a positive growth of 10.3% and croissants experiencing a substantial increase of 16.3%. Thus, the burgeoning bakery sector is a driving force behind the growth of the pectin market.

A notable trend in the pectin market is product innovation, with major players focusing on creating innovative packaging technologies. In October 2021, CP Kelco US Inc. launched GENU Pectin YM-SAL 200, an improved stabilizing solution for long shelf-life in fruit-drinking yogurt. This clean-label additive is sustainably obtained and manufactured from citrus peels, a byproduct of juice processing, contributing to improved stability and shelf life.

Major companies in the pectin market are responding to consumer demands by developing label-friendly pectin. Label-friendly pectin aligns with clean or clear labeling criteria in food and beverage products. In September 2023, Cargill Incorporated introduced UniPECTINE LMCPlus, a specialized solution for low-sugar and high-fruit jams and bakery fruit fillings. This pectin variant offers superior performance in gel strength and spreadability compared to standard LMC, meeting the preferences of consumers focused on sugar reduction and clean label choices.

In October 2021, Tilley Co. acquired Ingredient Solutions Inc. for an undisclosed amount. This strategic move adds a top-tier hydrocolloid portfolio and extensive expertise in product applications to Tilley's offerings in the food, beverage, and personal care sectors. The acquisition aligns with Tilley's mergers and acquisitions plan, enhancing its food and beverage ingredient products and expanding its geographical reach. Ingredient Solutions Inc. is a pectin-producing company based in the US.

Major companies operating in the pectin market report are DuPont Nutrition Biosciences ApS, CP Kelco, Cargill Incorporated, Herbstreith and Fox GmbH, Naturex Inc., Lucid Colloids Ltd, Silvateam SpA, Koninklijke DSM N.V., Ingredion Incorporated, International Flavors and Fragrances Inc., FMC Corporation, Yantai Andre Pectin Co. Ltd, Tate & Lyle LLC, Danisco A/S, Ceamsa, B.&V.SRL, Diagnostic and Statistical( DSM), Haisheng Group, Kraft Heinz, Pomona's Universal Pectin, JM Huber Corporation, Foodchem International Corporation, Pacific Pectin Inc., Jinfeng Pectin, Yuning Bio-Tec, Nestle S.A., PepsiCo Inc., The Coca-Cola Company, Kellogg Company, Obipektin AG.

Europe was the largest region in the pectin market in 2023. Asia-Pacific is expected to be the fastest-growing region in the pectin market report during the forecast period. The regions covered in the pectin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pectin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of pectin include high methoxyl pectin and low methoxyl pectin. High-methoxyl pectin is extensively utilized in the food industry as a gelling agent, stabilizer, and thickener. Derived from raw materials such as citrus fruit, apples, and sugar beets, this type of pectin is available through both direct and indirect distribution channels. It finds broad application in food and beverages, pharmaceuticals, bakery products, dairy products, and various other industries, serving functions such as thickening, stabilizing, gelling, acting as a fat replacer, and more.

The pectin market research report is one of a series of new reports that provides pectin market statistics, including pectin industry global market size, regional shares, competitors with a pectin market share, detailed pectin market segments, market trends and opportunities, and any further data you may need to thrive in the pectin industry. This pectin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.