Pectins market is expanding as a result of the food and beverage industrys rising demand for hydrocolloids. It is included in food products as a hydrocolloid additive to add stability and increase viscosity. The food product can naturally coagulate the component of food ingredients thanks to pectins adhesive qualities. Moreover, the pectin industry is expanding due to the rising use of processed foods worldwide. Pectins market is expanding as a result of rising customer demand for natural components due to an increase in health-conscious consumers. The prevalence of chronic conditions like diabetes, obesity, and heart problems is rising, which has increased demand for pectin.
The global Pectin Market is projected to surpass US$ 1,076.0 million by the end of 2027, in terms of revenue, growing at CAGR of 4.6% during the forecast period (2021 to 2027).
Key Competitors in the Pectin Industry:
1. CP Kelco
Kelco Companyfounded 1929, CP Kelco is a nature-based ingredient solutions company experience working with food, beverage, consumer and industrial product manufacturers worldwide. The company has headquarters situated in Atlanta, GA.
In September, 2022 CP Kelco announed partnering with compatriot biotech outfit ExoPolymer to develop and commercialise a portfolio of functional ingredients for the personal care industry.
2. Cargill Inc.
Cargill provides food, agriculture, financial and industrial products and services to the world. The company was founded in 1965. It has headquarters situated in Minnesota, USA and is operational in more than 70 countries / regions. In January, 2023 Cargill announced it has completed the acquisition of Owensboro Grain Company.
3. Herbstreith & Fox
The German, family-owned business Herbstreith & Fox has been producing high-quality pectins for the food and non-food industries since 1934. Headquartered in Neuenbürg located in the northern part of the Black Forest.
4. Naturex group
Naturex was founded in 1992 and is now part of Givaudan, the global leader in the creation of flavors and fragrances. Naturex sources, manufactures and markets natural specialty ingredients for the food and health industries. The company has headquarters situated in Avignon, France.
5. Silvateam Food Ingredients
In 1854 Carlo Giuseppe Battaglia built his first factory based at Corsaglia di Frabosa, in the province of Cuneo, for the extraction of tannins from chestnut wood. Silvateam has its head office in San Michele Mondovì (Piedmont, Northern Italy)
6. CEAMSA
Compañia Española de Algas Marinas (CEAMSA) was established in 1966 in O Porriño, Spain. Headquarters in Porriño.
*Definition- Pectin is a thickening chemical that is used to gel and thicken culinary products like jams, jellies, and other items. Pectin is a naturally occurring substance that is typically present in fruits like apples and oranges.
