Global Sugar Beet Pectin Market Is Poised to Reflect Around USD 325 Million By 2030

09-Mar-2023 | Zion Market Research

Global Sugar Beet Pectin Market Is Predicted to Grow Around USD 325 Million By 2030

The global sugar beet pectin market size was worth around USD 195 Million in 2022 and is predicted to grow to around USD 325 Million by 2030 with a compound annual growth rate (CAGR) of roughly 6.35% between 2023 and 2030

Pectin refers to the fiber associated with fruits. It is often used while cooking as a thickener while sometimes also being used during the manufacturing of medicine. In many cases, pectin is used to treat heartburn, high triglycerides, high cholesterol, and other medical issues, however, there is no sufficient medical proof that can support this data. Before 2003, pectin was widely used along with Kaolin to treat diarrhea, however since the Food and Drug Administration department was unable to find any correlation between the use of pectin and the treatment of the medical condition, it is since then not been permitted to be provided as an over-the-counter (OTC) drug.

Sugar beet refers to the product derived from the sugar beet plant which is a root vegetable and very closely related to beetroot. Sugar beets are used extensively for the production of brown sugar, refined sugar, or other forms of molasses. In the USA, over 55% to 60% of the sugar is estimated to be produced from sugar beet. Beet sugar has an oxidized, earthy aroma and is capable of changing the texture of the final good. Although pectin is not highly recommended as an emulsifier, since sugar beet pectin has sufficient protein, they are widely used as an emulsifying agent.

Sugar beet pectin is created from or is the by-product of sugar production from sugar beet. It is less expensive as compared to other pectins that are created from apples or citrus since it is produced from dried raw materials and does not require special storage conditions.

Global Sugar Beet Pectin Market Size

Covid-19 caused the global sugar beet pectin market cap to reduce owing to the global restrictions on transportation and function of industries or factories. Due to the total lockdown, the industry suffered significant losses however, once the facilities were allowed to operate completely, the global market growth trend could be observed.

The global sugar beet pectin market is expected to grow owing to increased applications in the food & beverages sector along with sugar beet pectin becoming a favorite of industry players in the fast-moving consumables good market. In the USA, the FMCG sector is expected to generate a revenue of USD 15 billion by 2025. This increase is expected to aid the expansion of sugar beet pectin applications.

The growing awareness amongst the general population about healthy food and reduced use of processed white sugar may also assist the global market's upward trend. White sugar intake can lead to serious health problems like diabetes, obesity, heart problems, etc. there is a growing shift towards healthier options. A lot of manufacturers are now producing brown sugar owing to the increased demand. Brown sugar is a healthier option since it contains more minerals due to its molasses content. The increasing consumption of substitutes for white sugar may propel global market growth since sugar beet pectin is widely used to manufacture brown sugar.

The fluctuating price of pectin is expected to restrict sugar beet pectin industry expansion. The growing food sector in emerging economies may provide global market growth opportunities. The less availability of sugar beet may challenge the global market expansion.

The global sugar beet pectin market is segmented based on process, function, application, and region.

By process, the global market segments are vacuum-drying, hot air-drying, spray-drying, and freeze-drying. For research purposes, many studies have been conducted by producing sugar beet pectin under various conditions like spray-drying at (160, 190, and 220 °C), or vacuum-drying at (40, 50, and 60 °C), which concluded that the chosen drying condition affects the viscosity and activation energy for all protein samples.

By function, the sugar beet pectin industry is segmented into stabilizers, emulsifiers, and fat replacers. Generally, the largest market share is owned by the emulsifier segment as sugar beet pectin possesses more advantages than other food hydrocolloids due to the requirement for lower concentration to cover the surface of oil droplets thus activating the oil-water surface.

By application, the global market segments are dairy products, food & beverages, jams & jellies, and others. As per research papers, the largest yield of sugar beet pectin from raw materials is produced at 90 °C after 4 h at pH 1. After the evaluation of this yield, it was concluded that they can be best used in various food products like a thickener in tomato sauce. F&B is the highest consumer of sugar beet pectin.

Europe is anticipated to dominate the global sugar beet pectin market owing to the rising consumption of dairy food products along with a changing trend towards the adoption of brown sugar instead of processed white sugar. The brown sugar market in Europe generated a revenue of USD 4 billion in 2021 and is projected to grow further during the next year. This may be attributed to the rising initiatives undertaken by government and private players to educate the population about the benefits of healthy choices. Asia-Pacific and North America are also expected to be strong contributors to global market growth because of the increasing population and growing F & B sector.

Global Sugar Beet Pectin Market

This review is based on a report by Zion Market Research, titled Sugar Beet Pectin Market By Function (Stabilizer, Emulsifier, and Fat replacer), By Process (Vacuum-Drying, Hot Air-Drying, Spray-Drying, and Freeze-Drying), By Application (Dairy Products, Food & Beverages, Jams & Jellies, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/sugar-beet-pectin-market

Recent Development:

  • In December 2019, CP Kelco announced its plans to enhance the capacity of the company to produce pectin. The announcement is related to the facility upgrade at Limeira, Brazil that will increase production by 10%. The company also intends to expand its global footprint by targeting the growing markets of Asia in the coming years.
  • In July 2022, Kazakhstan managed to increase its area for sugar beet cultivation. In 2021, the cultivation area was around 5.6 thou ha which has now increased to 7.1 thou ha. The growth is a result of initiatives taken up by the government to modernize its sugar industry.

The global sugar beet pectin market is run by players like:

  • AEP Colloids
  • Krishna Pectins Pvt Ltd
  • CP Kelco U.S. Inc.
  • TIC Gums Inc.
  • Herbstreith & Fox
  • Lucid Colloids Ltd.
  • Dupont
  • Cargill
  • Merck KGaA
  • Silvateam S.p.a

The global sugar beet pectin market is segmented as follows:

By Function

By Process

  • Vacuum-Drying
  • Hot Air-Drying
  • Spray-Drying
  • Freeze-Drying

By Application

  • Dairy Products
  • Food & Beverages
  • Jams & Jellies
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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