Pectin, with the chemical formula C6H10O7, is a structural heteropolysaccharide present in the primary cell walls of terrestrial plants. It was discovered by Vauquelin in 1790 when he found its existence in fruit juices. Nowadays, it is produced on an industrial level by drying, precipitating and filtering citrus peels with ethanol and hydrochloric acid. Pectin has well-diversified applications across various industries. It is used in the food industry as a gelling and thickening agent and as a food stabiliser. It also helps in reducing syneresis in jams and marmalades and in increasing the gel strength of low-calorie jams. Pectin has a number of medicinal characteristics as well, it is used to cure constipation and diarrhoea, and as a demulcent in throat lozenges. Pectin also acts as a stabiliser in cosmetic products. During 2014-2018, the global pectin market grew at a CAGR of around 10%. The demand for pectin is driven by drinking and spoon able yoghurts, and jam and preserves which account for the majority of its consumption. This report by Expert Market Research entitled “Pectin Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray in the pectin market.
Historical market trends for the pectin industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global pectin market into the following regions – Europe, Asia, North America, South America and other countries. Europe currently represents the largest market. On the basis of end-use, the global pectin market has been segmented as drinking and spoon able yoghurts, jam and preservers, other milk drinks and fruit beverages. Drinking and spoon able yoghurts currently represent the biggest end use markets for pectin.
The value chain analysis of pectin has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation on the competitive landscape of the pectin industry has also been provided. The report also covers the global import and export trends of pectin with the United States being the largest importer and Mexico being the largest exporter.
This report provides an exhaustive insight into the manufacturing of pectin. Factors such as chemical reactions involved, process flow, raw material requirements, mass balance and various manufacturing steps have been thoroughly discussed in the report. The report also provides a comprehensive market evaluation of the major feedstocks required for manufacturing pectin viz. Citrus fruits, Ethanol and Hydrochloric acid. For each feedstock, the report provides market trends, price trends, market by application, market by region and its key manufacturers.
The following are the key questions answered by this report:
- What are the market trends for the global pectin market?
- Which are the biggest markets (regions) for pectin?
- What are the key application areas for pectin?
- Who are the key manufacturers in the pectin market?
- What are the price trends of pectin?
- What are the raw material requirements for the manufacturing of pectin?
- What are the chemical reactions involved during the manufacturing of pectin?
- Who are the major importers and exporters of pectin?
- What is the value chain analysis of the pectin industry?
- What are the market trends of major feedstocks?
- What are the price trends of major feedstocks?
- Which are the biggest markets (regions) for major feedstocks?
- What are the key application areas for various feedstocks?
- Who are the key players for various feedstocks?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the pectin industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.