Pectinase Market - Global Industry Analysis

Global Pectinase Market: Overview

Pectinase is a pectic enzyme extracted from Aspergillus Niger. Pectinase is used in wine preparation and plant material extraction. It also functions as a digestive aid. This enzyme breaks pectin to assist in the fruit juice extraction process.

Report Scope:

Global Pectinase Market: Growth Factors

The global pectinase market is likely to grow remarkably with a considerable CAGR during the forecast period due to the growing demand for pectinase, particularly from end-user sectors like the textile sector, wine-making sector, aquaculture sector, and food sector. The surging trend of specialty retail formats facilitating special products with flavoring and sweet-smelling extracts is gaining immense popularity in recent years. Fruit extracts are widely available in distinct categories and grades, including personal care, home care, and food variety, at affordable prices. Therefore, consumers see a number of choices, which in turn also improve the business revenue of fruit extracts. However, the increasing alcohol consumption, particularly in developed regions, is also a leading factor accelerating the growth of the global pectinase market during the forecast period. Additionally, the growing demand for beverages and refreshments in developed regions is likely to create lucrative growth opportunities in the global pectinase market. The surge in demand for nutraceuticals coupled with fruit flavors will also contribute significantly towards the market growth. Also, the growing inclination of people to buy organic products is also likely to positively influence the trajectory of the global pectinase market. The growth rate of digestion-associated diseases among people will also stimulate the demand. Manufacturers are increasing their investments and research & development activities to come up with innovative products in the market to expand their customer base globally. The radical transformation in farming practices is likely to exponentially scale up the market's growth. The ongoing technological advancements are likely to further help market players improve their products and offer innovative products at affordable prices in the forthcoming years. The outbreak of the Covid-19 pandemic has significantly impacted the growth trajectory of the global pectinase market, but the relaxation in the rules & restrictions and growth initiatives undertaken by leading market players are likely to foster development opportunities in the global market in the forthcoming years.

Global Pectinase Market: Segmentation

The global pectinase market can be segmented into end-user, product, and region.

By end-users, the market can be segmented into the textile, winemaking, agriculture, and food sector. The food sector accounts for the largest share in the global market due to the number of market players stepping into the food and beverage sector. Also, the growing spending of the people on packaged and ready-to-eat food products will further stimulate the growth of the segment during the forecast period. However, the textile sector is also a leading segment in the global market due to the presence of lucrative growth opportunities for leading market players globally.

By product, the market can be segmented into pectinesterase, pectin lyases, polygalacturonases, and proto pectinases. Proto pectinases segment holds the largest share in the global market due to their high demand.

Global Pectinase Market: Regional analysis

North America accounts for the largest share in the global pectinase market due to the high per capita expenditure. The surging interest of people in packaged and ready-to-eat meals & beverages will also complement the growth. Additionally, the ongoing technological advancements in the food and beverage sector are also likely to strengthen the growth of the regional market.

Asia Pacific is another leading region in the global market due to the fast proliferating food and beverage sector in emerging economies like China, Japan, and India. Also, the growing utilization of pectinase for the extraction process is further likely to stimulate the growth of the regional market.

Global Pectinase Market: Competitive Players

Some of the significant players in the global pectinase market include Jinyuan Biochemical Co Ltd., Sukahan Bio-Technology, Shandong Longda, Verenium (BASF), AB Enzymes, Koninklijke DSM N.V., Amano Enzyme, and Novozymes.

Global Pectinase Market: Regional Segment Analysis

• 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

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.