New York
City, 18 January 2019: The global Pectin Market is estimated to reach USD 1.87
billion by 2026 and is anticipated to grow at a CAGR of 6.4 % from 2018 to
2026. Pectin market is projected to witness significant growth over the
forecast period. Increasing health consciousness among consumers and various
health benefits of pectin products is expected to drive the global market over
the forecast period.
Pectin are plant-derived compounds, a
structural heteropoly saccharide that is contained in primary cell walls of the
terrestrial plants. It is mainly extracted from citrus fruits, apples,
apricots, cherries, oranges, and carrots. Commercially, it is available in the
form of white to light brown powder. The industry is characterized by companies
characterized by medium level of integration in the value chain. Packaging and
shipping play an important role in integrating the value chain. This helps the
companies to incorporate their businesses in a cost-effective way.
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The pectin market witnesses an external
threat of substitution from natural gum and Citri-fi. Citri-fi is natural functional
fibers, which are derived from citrus fruits. They offer hydrocolloidal
properties, which is significant for high water holding capabilities. There are
also some synthetic alternatives such as polyurethane, but these are usually
not considered suitable for skin contact applications. However, the various
advantages of pectin over these products are expected to lower the threat.
Pectin extracted from
this raw material are used for high cholesterol high blood pressure, &
blood sugar, joint pain, weight loss, prevent colon & prostate cancer, high
triglycerides, gastroesophageal reflux disease (GERD) and diabetes. In
addition, some people also use pectin to prevent poisoning caused by strontium,
and other heavy metals.
Competitive
Landscape and Key Vendors:
Despite the
shortage in the supply of raw material, some of the major players are also
trying to increase their production capacity to meet the demand. For instance,
Cargill acquired FMC’s plant to boost their pectin production capacity. The
market is highly fragmented and competitive. In addition, it also experiences
the presence of small-scale as well as giant players. The key and major
companies are investing in R&D activities and frequently involved in merger
and acquisition to increase their market share and product portfolio. Some of
the companies that have a significant influence in the industry include DuPont
Nutrition & Health, FMC Corporation, CPKelco, Herbstreith & Fox, Devson
Impex Private Limited, Cargill Incorporated, B&V srl. and Yantai Andre
Pectin Co. Ltd.
Growth in
food & beverage industries, in emerging economies, is expected to drive the
Asia Pacific market. The market is projected to grow rapidly in the Asia
Pacific region, owing to the changing lifestyle of consumers in emerging
economies including, China and India. The rising health consciousness among
consumers and the presence of major players in North America is projected to
positively drive the growth of the market over the forecast period.
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