Overview and Scope
The pectinases market consists of sales of fruit juice processors, wine-making equipment, grape crushers and de-stemmers, peelers and pulpers, bioreactors, pulp digesters, finishing machines, feed mixers, fermentation chambers, oil extraction units, extraction equipment, and soil conditioners. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Pectinases Market Growth Driven By Increasing Digestive Diseases
The increase in digestive diseases is expected to propel the growth of the pectinases market going forward. Digestive diseases, also known as gastrointestinal (GI) diseases or disorders, encompass a variety of medical conditions affecting the organs and structures of the digestive system, including gastroesophageal reflux disease (GERD), peptic ulcer disease, inflammatory bowel disease (IBD), and celiac disease. The increasing incidence of digestive diseases is due to dietary shifts toward processed foods, high-fat diets, and low-fiber intake. Pectinase enzymes support digestive health by improving the breakdown and absorption of dietary fibers, promoting a balanced gut microbiome, reducing digestive discomfort, aiding in managing various digestive disorders, and enhancing overall digestive wellness. For instance, in September 2023, according to the National Center for Biotechnology Information, a US-based national library of medicine, the number of Canadians experiencing inflammatory bowel disease (IBD) in 2023 was around 320,000, which is expected to climb to 470,000 cases by 2035. Therefore, the increase in digestive diseases is driving the pectinases market.
Key Industry Players
Major companies operating in the pectinases market are 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.
The pectinases market report table of contents includes:
1. Executive Summary
2. Pectinases Market Characteristics
3. Pectinases Market Trends And Strategies
4. Pectinases Market – Macro Economic Scenario
5. Global Pectinases Market Size and Growth
…..
32. Global Pectinases Market Competitive Benchmarking
33. Global Pectinases Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pectinases Market
35. Pectinases Market Future Outlook and Potential Analysis
36. Appendix
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