According to the latest market research study by Technavio, the global pectin market is expected to grow at a CAGR of close to 8% during the forecast period 2017 to 2021.
This report by Technavio provides a detailed analysis of the global pectin market regarding revenue and emerging market trends. The report also includes a competitive vendor landscape and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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The top three revenue contributing application segments are discussed below:
Global pectin market for jams, fruit applications, and bakery products: The appealing properties of jams, marmalades, and fruit spreads are mostly attributed to the functional properties of pectin. Pectin qualities such as glossy surface, low syneresis, smooth gel, and good spreadability are responsible for making good jams, marmalades, and fruit spreads.
“High methoxyl pectin is used in jams, fruit applications, and bakery products as HM pectin has a high sugar content and has pH value of about 3. For making low-calorie jams, low methoxyl pectin is used. Pectin is used in most baking stable fruit preparations and fillings as it provides a high melting temperature as well as good stability of shape while baking to prevent deformation or any leakage of the fruit filling. Cake glazings use Amid pectins to prevent fruits from drying out and give cakes and biscuits a glossy surface,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
Global pectin market for dairy products: Pectin is progressively used in acidified milk products as it protects protein at a low pH range against heat denaturation during pasteurization and prevents sedimentation and flocculation. The use of pectin in dairy products guarantees a stable product with optimal sensory properties without loss of quality even if the storage time is long.
Global pectin market for confectionery products: The confectionery industry prefers pectin due to its good solubility, proper setting temperature and setting time properties. These properties make pectin suitable for use in various confectionery products such as delicate fruit rolls, jellies in Domino gingerbread, tender fillings for chocolates and caramel candies, dessert toppings and foamed confectionery products. With the steady growth in the global confectionery market, the demand for pectin will also rise.
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The top vendors operating in the global pectin market are:
- Cargill
- CP Kelco
- DuPont
- Herbstreith & Fox
The other prominent vendors in the market include Compañía Española de Algas Marinas, Naturex, Silvateam, Tate & Lyle, and Yantai Andre Pectin.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Pectin Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Apple Cider Vinegar Market 2016-2020
- Global Food Enzymes Market 2016-2020
- Global Hydrocolloid Market 2016-2020
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