Pectin Market Size

Pectin Market Size

Pectin Market size exceeded USD 1 billion, globally in 2018 and is estimated to grow at over 7.6% CAGR between 2019 and 2026. Growing necessity for organic & herbal cosmetic products among young population coupled with multifunctionality of pectin will bring about potential opportunities for global industry growth.

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Pectin is naturally occurring polysaccharide present in cell wall of plants and functions as an intercellular adhesive which binds plant cells together. Industrial pectin products are extracted from natural plant-based raw materials including apple pomace and citrus fruits at low pH with the addition of mineral acid to reduce acid formation.
 

Leftover fruits from food industry are subsequently dried and refined into a powder with partial amount of sugar and dextrose supplements to obtain textural functionality. Liquid pectin is often sold commercially owing to its rapid thickening property.
 

The rising food & beverage industry owing to growing exports and increasing consumer purchase parity has escalated sales, resulting in boosting product utilization for food manufacturing applications. Pectin supports the production of food products in the form of gelling agent, thickening agent and stabilizer, which should accelerate pectin market growth.
 

Rapid technological development has led to the utilization of pectin polymers as edible coatings or films. These coatings act as natural barriers against lipids, gases, moisture, and volatile substances present between the food and environment, which should propel the product demand.
 

Global dietary fibers business exceeded the revenue of USD 5 Billion in 2018. Pectin has high dietary fiber content and promotes improved yield, favor release and long shelf life in milk drinks. Rising penetration of dietary fiber in beverages including dairy and non-diary drinks has been observed, since it reduces bitterness of emulsifiers and provides smooth mouthfeel, which will fuel the global pectin market demand.
 

FDA has recognized Generally Recognized as Safe (GRAS) and permitted its use in non-standardized food products. Rapid technological advancements and emphasis on using pectin as edible film has made it a favorable low-cost and economical alternative to plastics in food packaging. Edible films resist the flow of oxygen, external aroma and moisture in packaged food protects and acts as carrier for functional ingredients such as antioxidants and antimicrobials.