Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 23.62 Billion | USD 47.19 Billion | 9.04% | 2022 |
The global pectinase market size was evaluated at $18.3 Billion in 2022 and is slated to hit $26.6 Billion by the end of 2030 with a CAGR of nearly 11.1% between 2023 and 2030.
The pectinase market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The pectinase industry report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.
Pectinases are referred to as mixed enzymes that hydrolyze pectic substances, mainly that are present in microorganisms and bigger plants & herbs. Pectinases are the collection of enzymes that help in catalyzing the pectin-containing substances that are manufactured by microbes and plants. Reportedly, the key source of pectinase is bacteria, yeast, and fungi. Moreover, agro-industrial wastes are used as substrates in the production of pectinase. In addition to this, the production of pectinase depends upon pH and temperature. Furthermore, pectinase is utilized in extraction, filtration, depectinization, and clarification of wines & fruit juices as it helps the latter by breaking the cell walls of their enzymes. It is used for fruit & vegetable maceration as well as removing the inner wall of almonds, lotus seeds, peanuts, and garlic.
Escalating demand for organic products to steer the global market trends
Pectinase helps plants in cell wall extension, waste material recycling & decomposition, and tissue softening during plant maturation, thereby steering the growth of the global pectinase market. Furthermore, pectinases find a slew of applications in the food & beverages sector, namely for extracting fruit juices. Massive demand for beverages and other refreshments in countries of Europe and Latin America will help players in establishing their manufacturing units in these regions, thereby steering revenue of the market. Large-scale consumption of fruits and nutraceuticals will prop up the scope of growth for the market across the globe.
Growing inclination toward the purchase of organic items in emerging countries with a growing focus on food safety will steer the growth of the market globally. Fruit extracts are available in varied grades including food, personal care, and homecare, thereby providing impetus to the growth of the global market. Surging awareness of health benefits offered by vegetables & fruits among consumers will spur the growth of the market globally in the next decade.
Low availability of raw components to decimate the global industry expansion
Strict government laws in the context of approving the use of pectinase in food & beverages can impede the expansion of the global pectinase industry. Lack of raw material availability due to fluctuations in demand and changing government laws due to wars, natural calamities, and viral diseases can put brakes on the demand & sale of pectinase.
Growing penetration of pectinase in fruits to open new growth opportunities for the global market
The rise in alcohol intake in developed countries and demand for food & beverages with the rise in disposable income of the people will create new growth opportunities for the global pectinase market. An increment in the demand for fruits across the globe will create new avenues of growth for the global market.
Rise in the prices of pectinase can be a big challenge for the global industry growth
An increase in the cost of the product and disruptions in the supply chain can pose a big threat to the growth of the global pectinase industry. In addition to this, low cultivation of the product owing to seasonal fluctuations in tropical regions can prove to be the highest challenge in the growth path of the industry across the globe.
The global pectinase market is sectored into end-user, product, and regions.
Based on the end-user, the global pectinase market is divided into winemaking, textile, agriculture, and food & beverages segments. Furthermore, the food & beverages segment, which dominated the end-user segment space in 2022, is projected to lead the segmental growth over the analysis timeline. Furthermore, the segment is also predicted to record the fastest CAGR over the coming years. The segmental growth over the forecast timeframe can be owing to a surge in the intake of ready-to-eat foods and packaged foods by people living in developed countries. Apart from this, a rise in the use of pectinase by players in the food & beverages sector will proliferate the segmental growth.
On basis of the product, the global pectinase industry is bifurcated into the pectinesterase, polygalacturonases, pectin lyases, and proto pectinases segments. Furthermore, the proto pectinases segment, which contributed nearly 40% of the global industry share in 2022, is anticipated to lead the product segment in the forecasting years. Additionally, the growth of the segment over the assessment timeline can be due to the ability of proto pectinase in breaking down insoluble protopectin present in unripe fruit into highly polymerized pectin that is soluble. Moreover, the use of the product in horticulture, farming, and forestry will steer the expansion of the segment in the years ahead.
Report Attributes | Report Details |
---|---|
Report Name | Pectinase Market Research Report |
Market Size in 2022 | USD 18.3 Billion |
Market Forecast in 2030 | USD 26.6 Billion |
Growth Rate | CAGR of 11.1% |
Number of Pages | 220 |
Key Companies Covered | Challenge Group, AB Enzymes, Jinyuan Biochemical Co Ltd., Sukahan Bio-Technology, Sunson, Shandong Longda, Verenium (BASF), YSSH, AB Enzymes, Genencor, Koninklijke DSM N.V., Amano Enzyme, Youtell, and Novozymes. |
Segments Covered | By Product, By End-User, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to make sizable contributions toward the global pectinase market share over 2023-2030
North America, which accounted for over three-fourths of the global pectinase market share in 2022, is anticipated to dominate the global pectinase market over the forecast timespan. The regional market expansion in the forthcoming years can be due to a prominent surge in the disposable income and purchasing capacity of the people. Apart from this, breakthroughs in the food & beverages sector in the countries such as Canada and the U.S. will contribute notably towards the revenue of the North American market.
On the other hand, the Asia-Pacific pectinase industry is predicted to register the fastest CAGR of 10.1% in the upcoming years. The regional industry expansion can be due to the increase in the demand for pectinase across the food & beverages sector in countries of Southeast. Apart from this, the thriving aquaculture activities in the emerging economies of Asia will steer the expansion of the industry in the sub-continent. Surging demand for fruit extracts and awareness about health & fitness among consumers will prompt the regional industry size.
Furthermore, the thriving chemical sector and growing awareness about the benefits offered by the intake of fruits will scale up the pectinase market across the European continent. Moreover, the presence of key manufacturers in the countries such as Holland, Belgium, Austria, Italy, Norway, Finland, the UK, and France will bolster the regional market expansion.
The pectinase market profiles key players such as:
By Product
By End-User
By Region
FrequentlyAsked Questions
Pectinases are referred to as mixed enzymes that hydrolyze pectic substances, mainly that are present in microorganisms and bigger plants & herbs. Pectinases are the collection of enzymes that help in catalyzing the pectin-containing substances that are manufactured by microbes and plants. Reportedly, the key source of pectinase is bacteria, yeast, and fungi. Moreover, agro-industrial wastes are used as substrates in the production of pectinase. In addition to this, the production of pectinase depends upon pH and temperature.
The global pectinase market is projected to expand over 2023-2030 due to fruit extracts being available in varied grades including food, personal care, and homecare.
According to study, the global pectinase market size was $18.3 billion in 2022 and is projected to reach $26.6 billion by the end of 2030.
The global pectinase market is anticipated to record a CAGR of nearly 11.1% from 2023 to 2030.
The North American pectinase industry is set to account for a major share of the global industry in the upcoming years subject to a prominent surge in the disposable income and purchasing capacity of the people. Apart from this, breakthroughs in the food & beverages sector in the countries such as Canada and the U.S. will contribute notably towards the revenue of the North American market.
The global Pectinase market is led by industry players such as Challenge Group, AB Enzymes, Jinyuan Biochemical Co Ltd., Sukahan Bio-Technology, Sunson, Shandong Longda, Verenium (BASF), YSSH, AB Enzymes, Genencor, Koninklijke DSM N.V., Amano Enzyme, Youtell, and Novozymes.
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