Low methoxyl pectin is a water-soluble polysaccharide obtained from citrus fruits, apples and sugar beets. It is primarily used as a gelling agent, emulsifier and texturizer in various food products such as jams, jellies, fruit yogurt and fillings. Low methoxyl pectin gels in the presence of acid and has excellent heat stability. It provides textural benefits and extends product shelf-life. Growing health-consciousness among consumers is driving the demand for low methoxyl pectin in functional foods. Additionally, rising packaged food industry is fueling the consumption of low methoxyl pectin.
The global low methoxyl pectin market is estimated to be valued at US$ 538.1 Mn in 2024 and is expected to exhibit a CAGR of 7.6% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the low methoxyl pectin market are Gino Gums, Qingdao Twell Sansino Import & Export Co., Ltd., Henan Chemsino Industry Co., Ltd., Hefei Senotech New Materials Co., Ltd., Yugen Chemicals Pvt. Ltd., Gum Stabilizer, Cargill, Inc., DuPont Nutrition & Biosciences, CP Kelco, Kraft Foods, FMC Corporation, Süd-Chemie AG, Naturex (Givaudan), Pectin Products Ltd., Pectins & Gums, Sichuan Jinyu Pectin Co., Ltd., Zhejiang Yixin Pectin Co., Ltd., Hangzhou Fuyang Tianhe Pectin Co., Ltd., and Shandong Hualu Hengsheng Chemical Co., Ltd.
Key opportunities: Low Methoxyl Pectin Market Growth in gluten-free, vegan and low-calorie food products provides opportunities to manufacturers. Additionally, increasing applications in infant food and pharmaceutical formulations will drive revenues in the global market over the forecast period.
Global expansion: Manufacturers are focusing on geographic expansion strategy to penetrate emerging economies of Asia Pacific and Latin America. Favorable economic conditions and rising disposable income in these regions propel the demand for processed food products.
Market drivers:
Increasing vegan and health-conscious population is the primary growth driver. As low methoxyl pectin contains dietary fiber and vitamin C, it positively impacts human health and well-being. Changing lifestyles and food consumption patterns are also fueling sales of low methoxyl pectin globally.
PEST Analysis
Political: There is political stability in the regions which have Low Methoxyl Pectin Market Analysis. The governments support the food processing industries through favorable regulations.
Economic: The global economic growth is driving demand for food and beverages where low methoxyl pectin is used as thickener. Lower cost of production in some countries attracts manufacturers.
Social: Changing consumer preference towards functional foods and beverages drives the demand for low methoxyl pectin. Consumers seek convenience foods which use pectin as thickening agent.
Technological: Advancements in extraction process help improve yield and quality of low methoxyl pectin. New applications are enabled through Modified forms of pectin developed using technologies.
The low methoxyl pectin market in terms of value is highly concentrated in North America and Europe. According to estimates, over 50% of global revenue comes from these regions. Established food processing industries and health conscious population drive higher consumption of low methoxyl pectin thickened products in these regions. Another major geographical concentration is in Asia Pacific, especially East Asia. Countries like China and Japan have sizable low methoxyl pectin markets due to large populations and growing health supplement industries.
The fastest growing region for the low methoxyl pectin market is projected to be Asia Pacific excluding Japan from 2024 to 2031. This region is anticipated to expand at a CAGR of over 9% during the forecast period. Rapid economic development, rising health expenditure, urbanization and changing lifestyles are driving the growth of food processing industry in Asia Pacific countries. Expanding middle class seeks more processed convenience foods where low methoxyl pectin has applications. Furthermore, growing exports from Asia Pacific to Western markets also contribute to the demand upswing. Demand from application industries like dairy and confectionery sees unprecedented increase in the region. Overall, Asia Pacific excluding Japan emerges as the new hotspot for low methoxyl pectin market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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