Sugar Beet Pectin Market Size, Share, Growth Report 2030

Sugar Beet Pectin Market

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

Category: Chemical & Materials Report Format : PDF Pages: 220 Report Code: ZMR-7119 Published Date: Mar-2023 Status : Published

Global Sugar Beet Pectin Market Size & Share Revenue Was $195 Million in 2022 and is anticipated to surpass $325 Million by 2030, At a 6.35% CAGR | Emerging Trends and Strategies

Industry Prospective:

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. The report analyzes the global sugar beet pectin market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the sugar beet pectin industry.

Global Sugar Beet Pectin Market SizeRequest Free Sample

Sugar Beet Pectin Market: Overview

Sugar beet is a plant with roots containing a high concentration of sucrose and is grown for the commercial production of sugar. Pectin refers to a naturally or commercially produced ingredient that is essential for preserving food items like jellies or jams, the absence of which may cause a lack of gel in such food items. Pectin is more or less a form of starch called heteropolysaccharide and occurs in the walls of vegetables or fruits imparting their structure. When pectins are mixed with sugar along with acid, they can deliver jams and jellies to the semi-solid structure after they have cooled off. Pectin is considered a natural material and a lot of research have concluded that it contains excellent bioactive properties.

When pectin is extracted from sugar beet pulp, it can be used as a food emulsion stabilizer. Beet pectin is proven to have a considerable amount of proteins and it is suggested by multiple reports, that the high protein content is responsible for sugar beet pectin to act as an emulsifier. Sugar beet pectin is growing in demand because of its low molecular weight as compared to apple pectin or citrus while swelling less. Because sugar beet pectins have a lower water binding capacity, it becomes easy to consume them with a soluble fiber supplement or with yogurt, sauces, and other beverages. Some of the approved health benefits in case of regular consumption of sugar beet pectin are positive effects on blood cholesterol levels and postprandial glycemic response reduction

Key Insights

  • As per the analysis shared by our research analyst, the global sugar beet pectin market is estimated to grow annually at a CAGR of around 6.35% over the forecast period (2023-2030).
  • In terms of revenue, the global sugar beet pectin market size was valued at around USD 195 million in 2022 and is projected to reach USD 325 million, by 2030.
  • The global sugar beet pectin industry is projected to grow owing to the rising applications of sugar beet pectin in the food sector.
  • Based on function segmentation, the emulsifier segment was predicted to show maximum market share in the year 2022
  • Based on application segmentation, food & beverages was the leading revenue-generating application in 2022.
  • On the basis of region, Europe was the leading revenue generator in 2022

Global Sugar Beet Pectin MarketRequest Free Sample

To know more about this report, Request a sample copy

COVID-19 Impact:

Covid-19 harmed the global sugar beet pectin market share owing to the closure of manufacturing units. During the peak of the pandemic, the transportation of non-essential goods was largely restricted which was also coupled with a generally reduced demand for the products. However, given the benefits of adding sugar beet pectin to food items the global market cap may grow during the forecast period at a significant rate.

Sugar Beet Pectin Market: Growth Factors

Increasing adoption of sugar beet pectin in the food sector to aid global market growth

The global sugar beet pectin market is anticipated to grow owing to the rising applications of sugar beet pectin in the food sector. As per FCC Food & Beverages report, the food manufacturing sales in Canada grew at 14.8% year to year which resulted in an accumulated revenue of over USD 121 billion in 2021. As of 2022, the Canadian food sector is expected to grow at a rate of 7.4%. The rising trend of adoption of sugar beet pectin in the food sector is owed to the improved properties of the food items due to the addition of sugar beet pectin. The properties include rheological, physicochemical, and nutritional aspects.

Even though sugar beet pectin is a relatively newer type of pectin, it has received widespread attention. This is also related to the relatively fewer operations required to produce sugar beet pectin as compared to other forms of pectin. The global market cap may also grow owing to the increased research and development activities in the food sector. As per a 2019 report the top 15 food firms in the UK spent over £ 900 million on R&D. Such initiatives by government and private institutes are expected to aid global market growth during the forecast period.

Sugar Beet Pectin Market: Restraints

Fluctuating price of pectin to restrict global market expansion

The prices related to the pectin raw material are constantly fluctuating. This can be attributed to tight supply and the high cost of raw materials. Since high-quality sugar beet is available only in selective regions, the cost of these items automatically becomes higher than their readily available counterparts. Importing sugar beet products along with other expenses related to the production of pectin increases the overall cost significantly thus restricting the global sugar beet pectin market growth.

Sugar Beet Pectin Market: Opportunities

Growing food sector in emerging economies to provide global market growth opportunities

The global sugar beet pectin market share may benefit from the vast opportunities present in the emerging sectors, especially in the food sector. As per a CNBC report published in September 2021, Asia's food spending is expected to double and reach more than USD 8 trillion by 2030. The current influx of food demand in already developed and developing countries is already high owing to the exponentially rising population along with growing awareness about healthy food, and the presence of multiple domestic and international players in the Fast Moving Consumables Group.

Sugar Beet Pectin Market: Challenges

Less availability of sugar beet to challenge the global market expansion

Sugar beet is not readily available in all regions. In certain parts of the world, the availability is high whereas for some reasons it is not enough to meet the demand. This may challenge global market expansion since many of the end-users may end up importing the product. In current times, all countries are working toward becoming self-reliant given the political uncertainty. Importing large goods whose substitutes may be easily available may not work in a country’s economic favor.

Sugar Beet Pectin Market: Segmentation

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

By function, the global market is segmented into stabilizer, emulsifier, and fat replacer. 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 process, the sugar beet pectin industry 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 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.

Recent Developments:

  • In September 2021, after Cargill invested over USD 150 million in a new HM (High Methoxyl) pectin plant in Brazil, the operations of the plant commenced. The plant will aid the expansion of the company's global footprint by producing products for its high-methoxyl (HM) pectin portfolio of juicy beverages, dairy drinks, jams, and confectionery
  • In April 2022, Uzbekistan marked new records for beetroot export. The amount of beet exported was 5100 tons which is approximately 4.3 times more than the amount exported in April 2021. It has only been a month since the country started exporting the new crop beetroot.

Sugar Beet Pectin Market: Report Scope

Report Attributes Report Details
Report Name Sugar Beet Pectin Market Research Report
Market Size in 2022 USD 195 Million
Market Forecast in 2030 USD 325 Million
Compound Annual Growth Rate CAGR of 6.35%
Number of Pages 220
Forecast Units Value (USD Million), and Volume (Units)
Key Companies Covered AEP Colloids, Krishna Pectins Pvt Ltd, CP Kelco U.S., Inc., TIC Gums, Inc., Herbstreith & Fox, Lucid Colloids Ltd., Dupont, Cargill, Merck KGaA, and Silvateam S.p.a
Segments Covered By Function, By Process, By Application, 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

Sugar Beet Pectin Market: Regional Analysis

Europe to grow significantly during the forecast period

The global sugar beet pectin market is expected to be dominated by Europe during the forecast year owing to the growing food & beverages sector. As per 2020 reports, the F & B sector in Europe was around €1.2 trillion with additional revenue of €266 billion from value-added services. It employs more than 4.5 million of the European population. The promising signs shown by the EU market are expected to propel global market cap growth in the next few years.

Asia-Pacific may also generate high revenue because of the growing population and subsequent rise in food demand. The use of sugar beet pectin as an emulsifier may play a significant role in regional market size expansion. North America is a popular market for sugar beet pectin because of its advanced economic state allowing them to invest and incorporate advanced technologies in the production of sugar beet pectin.

Sugar Beet Pectin Market: Competitive Analysis

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

  • Stabilizer
  • Emulsifier
  • Fat replacer

By Process

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

By Application

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

Table Of Content

Methodology

FrequentlyAsked Questions

The global sugar beet pectin market is anticipated to grow owing to the rising applications of sugar beet pectin in the food sector.

According to Zion Market Research, 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

The global sugar beet pectin market is expected to be dominated by Europe during the forecast year owing to the growing food & beverages sector.

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, and Silvateam S.p.a

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed