Asia Pacific Pectin Market

Asia Pacific Pectin Market Size and Growth Analysis:

Asia Pacific Pectin Market was worth USD 165.2 million in 2022 and is estimated to be growing at a CAGR of 8.2%, to reach USD 245 million by 2027.

Asia Pacific Pectin Market Overview:

Pectin is a gelling agent derived from terrestrial plants. Pectin is a structural heteropolysaccharide that is found in cell walls of terrestrial plants. It is produced commercially as a white to light brown powder, mainly extracted from citrus fruits, and is used in food as a gelling agent, particularly in jams and jellies. It is also used in dessert fillings, medicines, and sweets, as a stabilizer in fruit juices and milk drinks, and as a source of dietary fiber. Factors contributing to the growth of market include growing awareness regarding the health benefits offered by functional foods, the multi-functionality of pectin and its extensive use in jams and jellies as well as diary food products. However, expensive raw material costs, ethical concerns regarding the extraction of animal pectin, and stringent regulatory systems are the factors hindering the growth of the market.

Asia Pacific Pectin Market Segmentation:

The Asia Pacific market for Pectin is segmented based on

• Source

• Application

• Function

• Product

Based on Source it is divided into

• Animals

• Chemical Manufacturing

• Processing

• Marine

• Microorganisms

• Plants

Based on the Application it is divided into

• Bakery Fillings

• Toppings

• Beverages

• Confectionary

• Dairy Products

• Frozen Desserts

• Dietary Supplements

• Functional Food

• Jams and Jellies

• Meat and Poultry Products

• Pharmaceutical

• Personal Care

• Cosmetics

Based on Function it is divided into

• Thickener

• Gelling Agent

• Fat Replacer

• Stabilizer

• Food and Beverage Texturants

• Coating

Based on Product it is divided into

• High Methoxyl Pectin

• Low Methoxyl Pectin

Asia Pacific Pectin Market geographical Analysis

Based on geographical analysis, the market is divided into regions of

• China

• India

• Japan

• South Korea

• Australia

China holds the major share in the market due to the presence of market leaders as well as the presence of a well-developed food industry. India is the fastest-growing region due to increasing demand for dairy products and functional foods, product innovation, and an increasing adoption rate. Based on source Plant-based pectin holds the major market share due to its easy extraction process and abundance. Based on Application Dairy Products and Frozen Desserts hold the major share in the market followed by jams and jellies as these are the key components and are used as stabilizers. Functional Foods application is expected to grow the fastest due to increasing popularity and growing awareness regarding a healthy diet.

Asia Pacific Pectin Market Key players:

1. Ashland Speciality Ingredients

2. ADM Corn Processing

3. Dantsco A/S

4. Fiberstar Inc.

5. Polygal AG

6. Royal DSM Polymer Intermediates

7. Tate & Lyle Speciality Food Ingredients

8. Cargill Incorporated

9. E.I. du Pont de Nemours and Company (DuPont)

10. Herbstreith & Fox Corporate group