Global Food High Methoxyl Pectin Market Size (2024-2030)

The Global Food High Methoxyl Pectin Market was valued at USD 303.97 Million and is projected to reach a market size of USD 400 Million by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 4%.

Industry Overview

Around the world, high methoxyl pectin is employed in a variety of useful foods. The majority of its uses are in the creation of jam and jelly. The jam and jelly are thickened with high methoxyl pectin. High methoxyl pectin and low methoxyl pectin differ in that high methoxyl pectin needs a lot of sugar to gel effectively, whereas low methoxyl pectin needs less sugar to gel. For this reason, low methoxyl pectin is employed in pastries and molecular recipes where less sugar is needed. Citrus peel and apple pomace are two examples of edible plant materials from which pectin is extracted as an aqueous extract. Pectin is a thickening chemical that is used to gel and thicken culinary products like jams, jellies, and other items. Pectin is a naturally occurring substance that is typically present in fruits like apples and oranges. A carbohydrate molecule called pectin is found in and around the cell walls of plants. They can be divided into high and low methoxyl pectin varieties.

The demand for high methoxyl pectin in the market has increased due to the rise in jelly and jam consumption. Additionally, the market is driven by the utilization of high methoxyl pectin levels in various foods. The market for high methoxyl pectin is hampered by the availability of various synthetic substances that serve the same purpose as high methoxyl pectin.

Impact of Covid-19 on the industry

The pectin market is quickly surpassing pre-COVID levels as a result of the dramatic V-shaped recovery in the majority of emerging economies, and a robust growth rate is anticipated during the projection period. The Covid-19 outbreak is having an impact on the market, and major players are using novel strategies to combat it. As crucial strategies, businesses in the pectin market industry are highlighting their contactless production and delivery procedures, pushing USP statements, putting an emphasis on product packaging, and expanding the exposure of their items on online platforms. Additionally, fruit pectin producers are attempting to expand into new regions where fruit pectin is widely available. Different expansion initiatives are being aggressively pursued by manufacturers, mostly in Asian regions.

Market Drivers

The growing demand for hydrocolloids from the food and beverage industry is propelling market growth.

Pectin's market is expanding as a result of the food and beverage industry's rising demand for hydrocolloids. It is included in food products as a hydrocolloid additive to add stability and increase viscosity. The food product can naturally coagulate the component of food ingredients thanks to pectin's adhesive qualities. Additionally, the pectin market is expanding due to the rising consumption of processed foods worldwide.

Rising demand for natural ingredients will drive the market growth

Pectin's market is expanding as a result of rising customer demand for natural components due to an increase in health-conscious consumers. The prevalence of chronic conditions like diabetes, obesity, and heart problems is rising, which has increased the demand for pectin. Pectin and its derivatives are also high in fibre, carotenoids, vitamin B, pectolytic enzymes, vitamin C, and other salts. Furthermore, the fruit is suitable for food ingredients because of its low-calorie and fat-free composition.

Market Restraints

The high cost of Pectin-based products will challenge the market growth

Pectin uptake is being hampered by the high cost of pectin-based goods due to greater production costs when compared to synthetic vitamin C. This constraint hinders the market expansion of pectin by restricting its consumption to a small segment of the population, such as high-class consumers and urban residents.

Stringent regulation will challenge the market growth

Pectin utilization in the food and beverage business is subject to stringent norms and restrictions, which is limiting market expansion. Additionally, the manufacturer is facing difficulties as a result of the rising demand for quality standards, which is preventing the pectin industry from expanding.

FOOD HIGH METHOXYL PECTIN MARKET REPORT COVERAGE:

This research report on the global food high methoxyl market has been segmented and sub-segmented based on Type, Application, and Geography & region.

Global Food High Methoxyl Market- By Type

• Extra Rapid Set
• Rapid Set
• Medium Rapid Set
• Slow Set
• Extra Slow Set

Based on type, the global food high methoxyl market is segmented into extra rapid set, rapid set, medium rapid set, slow set, and extra slow set. The extra rapid set is projected to dominate the market growth during the period of analysis.

Global Food High Methoxyl Market- By Application

• Jams & Jellies
• Beverages
• Bakery Fillings & Toppings
• Dairy Products & Frozen Desserts
• Confectionery
• Meat & Poultry Products
• Dietary Supplements
• Functional Food
• Pharmaceutical
• Personal Care & Cosmetics

Over the projected period, rising demand for low-fat foods and drinks is anticipated to present significant potential prospects. The demand for low-fat food and beverages is rising as a result of consumers' growing involvement in sports and their adoption of a healthy lifestyle. Additionally, the rising prevalence of various lifestyle diseases including diabetes and obesity is fuelling demand for low-fat food and beverages, which is in turn promoting pectin market expansion.

Due to consumers' busy lifestyles, ready-to-drink and on-the-go drink products are becoming more popular all over the world. For beverages that are ready to drink and portable, several producers are offering hydrocolloid products. For instance, in March 2017, Kelcogel HM-B gellan gum, a hydrocolloid product, was introduced by Gellan CP Kelco. It is intended to provide a suspension of minerals and chocolate in dairy-based ready-to-drink beverages.

Global Food High Methoxyl Market- By Geography & Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

North America and Europe both have significant market shares in the pectin sector. Due to the existence and expansion of the product's end-use applications, there is a significant demand for the product in the area. According to the USDA Foreign Agricultural Service, Spain produced more than 3.7 million metric tonnes of fresh oranges in 2018/2019, making it the EU28's top producer of fruit. With more than 6.33 million metric tonnes, it produced the most citrus fruits in Europe (Eurostat). This component has the potential to increase pectin production even more. Customers in the UK are consuming less meat and switching to vegan and plant-based goods, which is increasing demand for plant-based ingredients like pectin, which is entirely plant-based.Such plant-based fads can help pectin applications. Increasing advancements in the pectin market, such as the release of MCP (Modified Citrus Pectin), which is tailored for use as a nutritional supplement or medicinal uses, combined with the potential growth of the German pharmaceutical business. Therefore, market growth is anticipated to be fuelled by innovation in both the pectin and pharmaceutical industries. The multinational businesses that dominate the market examined are International Flavors & Fragrances, Inc., Cargill Incorporated, Herbstreith Fox Corporate Group, Ingredion Inc., and Royal DSM. The global pectin market is fiercely competitive.The dominant market companies have been concentrating on creating novel and inventive products by focusing on novel formulations that are particular to an application. These businesses also prioritize expanding the manufacturing capabilities of their current facilities while funding R&D initiatives. As a result, multiple product launches are anticipated in the market under study throughout the projection period.

Global Food High Methoxyl Market- By Companies

1. Fiber Star
2. Cargill, Inc.
3. DuPont
4. Ceamsa
5. Naturex, SA
6. CP Kelco
7. Yantai Andre Pectin Co. Ltd.
8. Herbstreith & Fox KG Pektin-Fabriken
9. Herbafood Ingredients GmbH
10. Silvateam S.pa.
11. Florida Food Products, Inc.
12. Lucid Colloids Ltd.
13. Others

• NOTABLE HAPPENINGS IN THE GLOBAL FOOD HIGH METHOXYL MARKET IN THE RECENT PAST:

• Product Launch: - In 2021, High-quality citrus and apple pectins were introduced by Herbstreith & Fox Corporate Group for use in a variety of applications throughout Europe. Pectin is used as a gelling ingredient in vegan confectionary items, OTC-Gummies, enhanced gummies made with plant extracts, and soft, chewy gummies with minimal or no sugar.
• Product Launch: - In 2020, A clean-label-friendly ingredient with a medium-to-high viscosity in the fruited drinking yogurt and easy pumpability at the stage of fruit preparation, GENU Pectin YM-FP-2100 was introduced by CP Kelco.