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:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
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
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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, winemaking 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.
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.
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 and beverages will also complement the growth.
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