Pectin production is a fast-growing business with an annual production increase of 3-4%, its global volume is more than 80 thousand tons per year.
The world’s largest manufacturers are: CP Kelco (USA), Danisco (DuPont) (USA), Cargill (USA), Herbstreith & Fox KG (Germany), Yantai Andre Pectin (China).
In recent years, new players have appeared on the market of pectin producers: Silvateam (Italy), Naturex (Switzerland), Ceamsa (Spain), Dangshan Haisheng Pectin (China).
Pectin products are mainly divided into three groups: High Methoxyl (HM) Pectin, Low Methoxyl (LMC) Pectin, Amidated low Methoxyl (LMA) Pectin.
Industry consumers: food industry, pharmaceutical industry, cosmetic industry.
The price of a citrus product for the food industry on the world market is 15-25 dollars per 1 kilogram, and for medical purposes – 30-80 dollars per kilogram. The price of highly purified pectin exceeds $ 100 per kilogram.
According to the latest study, the global pectin market is set to grow to US $1.87 billion by 2026, averaging nearly 8% over the forecast period.
The increased usage of pectin in fruit juices for improved mouthfeel, in acidified dairy applications for protein stabilization, low-calorie jams, and acidified protein drinks, has been supporting the growth of the market for the last few years.
The increasing awareness about the multifunctionality of pectin among food and beverage manufacturers, such as it reduces cooking time, improves texture and color, and increases the shelf life, are among the factors that have been fueling the market of pectin.