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Oct 15, 2020 (Market Insight Reports) — Market Study Report, LLC, has compiled an exhaustive research study of the 'Pectin market', detailing every single market driver and intricately analyzing the business vertical. This 'Pectin market' study will aid in seeking out new business opportunities and fine-tuning existing marketing strategies through insights regarding SWOT analysis, market valuation, competitive spectrum, regional share, and revenue predictions.
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.
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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.
Suppliers include companies which are involved in the production & distribution of processes raw materials such as apple, citrus, and others. The rising shortage of raw materials and increased import for Brazil and European countries is resulting in high bargaining power to the suppliers. In addition, low threat of backward integration from manufacturers, except some of the major and giant market players is also resulting in high bargaining power of suppliers.
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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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.
The report has segmented the global pectin market on the basis of function, application and region:
Pectin Function Outlook (Revenue, USD Million, 2015 – 2026)
Thickener
Stabilizer
Gelling Agent
Fat Replacer
Pectin Application Outlook (Revenue, USD Million, 2015 – 2026)
Food & Beverage
Pharmaceuticals
Bakery
Dairy Products
Others
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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.
Pectin Market share byMajor regions included:
United States
North America
Asia Pacific
Europe
Middle East & Africa
Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Pectin Market Insights
3.1. Pectin industry snapshot
3.2. Pectin value chain & distribution analysis
3.3. Pectin production trends and further capacity expansion analysis
3.4. Pectin market dynamics
3.4.1. Pectin Market driver analysis
3.4.2. Pectin Market restraint/challenges analysis
3.4.3. Pectin Market opportunity analysis
3.5. Industry analysis – Porter’s five force
3.6. Pectin market PEST analysis, 2017
3.7. Pectin industry trends
3.8. Competitive company ranking analysis
4. Pectin Market Size and Forecast, By Function
4.1. Key Findings
4.2. Thickener
4.3. Stabilizer
4.4. Gelling agent
4.5. Fat replacer
4.6. Others
5. Pectin Market Size and Forecast, By Application
5.1. Key Findings
5.2. Food & beverages
5.3. Pharmaceuticals
5.4. Bakery
5.5. Dairy products
5.6. Others
6. Pectin Market Size and Forecast by Regions
6.1. Key findings
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