Pectin Market Analysis

Pectin Market Analysis

Global market has been segmented into type as high methylated ester, low methylated ester and amidated. High methylated ester accounted for more than    65% revenue share in 2018 and is poised to witness enhanced growth in the estimated timeframe.
 

High methylated pectin (HMP) form gels in presence of acid & sugar. This gel is considered a 2D network of pectin molecules. High methylated ester gel strength depends on acid content, type, concentration, and soluble solids content, among others, which generally must be over 55%. This product is majorly utilized in acidified milk drinks owing to protein stabilization, accelerating the pectin industry growth.
 

Excellent gelling properties of high methylated pectin and its ability to gel with less or no sugar will support product expansion by 2026. Gel strength remains high due to increase in the degree of methylation. Changing dietary preferences of consumers for low-calorie dessert fillings, fruit, sweets, fruit juices and dairy drinks have led to the increased consumption of HMP.
 

Raw material segment includes apple, citrus fruits, sugar beet and others. Citrus fruits are the most widely adopted industrial source of pectin production since these fruits contain active phytochemicals and act as abundant source of vitamin C, folic acid and potassium that protect from health diseases. Citrus possesses a high degree of esterification and exhibits gelling characteristics at high temperatures and form elastic textures than apple pomace.
 

However, the citrus industry is witnessing a tightened supply due to its unavailability and soaring prices. The cost of raw materials for manufacturing pectin has heightened due to the rise in processing costs and prices of citrus fruits. Prices have been hampered due to adverse weather conditions and spread of “greening” citrus disease.
 

The adoption of alternative raw material sources, such as apple pomace, sunflower head, mango peal, soybean hull, passion fruit peel and sugar beet pulp is anticipated to maintain the industry revenue size by the next decade.
 

Turkey market outlook is anticipated to witness over 7% CAGR from 2019 to 2026. Increasing consumption of cosmetic products owing to rising young population and demand for organic & herbal products should boost the Turkish cosmetics business. Rising tourist influx for shopping advantages in Istanbul and other Mediterranean cities attracts European cosmetics manufacturers to establish their facilities in Turkey.
 

Pectin is predominantly utilized for cosmetics manufacturing to provide forming of optimal quality films, transparent & thermally reversible gels as well as adds fluidity & value to clean labels, which should stimulate European industry size. Optimistic application development in treatment for health abnormalities including high cholesterol levels, high triglycerides and to prevent colon & prostate cancer will propel the global pectin market demand.
 

Rising government investments in the Turkish healthcare sector owing to improving public health by providing ease of access to health services, treatments and medications should boost pharmaceutical business growth. Supportive government initiatives including Health Care Transformation Program initiated in 2004 have rapidly spurred the healthcare technologies in Turkey. Advancements in health service provision and medical products supports the regional pharma sector growth.