Market Size –
The pectinase market size has grown strongly in recent years. It will grow from $17.02 billion in 2023 to $18.66 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increasing fruit and vegetable production, rising juice and wine production, increasing dairy industry, rising food and beverage industry, and increasing demand for organic and natural products.
The pectinase market size is expected to see strong growth in the next few years. It will grow to $27.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to rising consumer demand for natural and clean-label products, increased demand for processed foods, growing popularity of wine and beer consumption, increasing population and urbanization, and growing popularity of wine and beer consumption. Major trends in the forecast period include innovations in fermentation technology, adoption of advanced enzyme formulations, automation and process integration, advancements in biotechnology, genetic engineering, agricultural advancements, and advancements in food processing technologies.
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Scope Of Pectinases Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pectinases Market Overview
Market Drivers –
The growing demand from the food and beverage industry is expected to propel the growth of the pectinases market going forward. The food and beverage industry refers to companies that process raw agricultural commodities and semi-processed food products into food and drink products. The demand for pectinases in food and beverage is due to increasing fruit juice and wine production, enhanced flavors and texture, and growing demand for plant-based beverages. Pectinases significantly benefit the food and beverage industry by improving product quality, enhancing process efficiency, and contributing to cost savings, all while ensuring the production of high-quality, appealing, and stable food and beverage products. For instance, in May 2021, according to the Australian Bureau of Statistics, an Australia-based government agency, food and non-alcoholic drink sales increased from 14.8 million metric tons in 2020–21 to 15.1 million tons in 2021–2022. Therefore, growing demand from the food and beverage industry is driving the pectinases market.
The pectinases market covered in this report is segmented –
1) By Type: Pectin Lyases, Protopectinases, Polygalacturonases, Pectinesterase, Other Types
2) By Source: Bacterial Pectinase, Fungal Pectinase, Plant-Derived Pectinase, Other Sources
3) By Form: Powder, Liquid, Granules
4) By Application: Fruit Juice Extraction, Wine Production, Food Processing, Other Applications
5) By End User: Food And Beverage, Pharmaceutical, Textile, Agriculture, Other End Users
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Regional Insights –
North America was the largest region in the pectinase market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pectinases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the pectinases market are <b>Cargill Incorporated, BASF SE, F. Hoffmann-La Roche Ltd., Merck Co. & KGaA, DuPont de Nemours Inc., International Flavors & Fragrances Inc., Koninklijke DSM N.V., Kerry Group, Novozymes BioAg Limited, Chr. Hansen Holding A/S, Neogen Corporation, Kemin Industries Inc., Genencor International Inc., Codexis Inc., Puratos Group, AB Enzymes GmbH, MP Biomedicals LLC, Biocatalysts Ltd., Enartis USA Inc, BIO-CAT Inc., Aumgene Biosciences Pvt. Ltd.</b>
Table of Contents
1. Executive Summary
2. Pectinases Market Report Structure
3. Pectinases Market Trends And Strategies
4. Pectinases Market – Macro Economic Scenario
5. Pectinases Market Size And Growth
…..
27. Pectinases Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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