PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462719
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462719
According to Stratistics MRC, the Global Pectinase Market is accounted for $21.3 billion in 2023 and is expected to reach $52.1 billion by 2030 growing at a CAGR of 13.6% during the forecast period. Pectinase refers to a group of enzymes crucial in breaking down pectin, a complex polysaccharide found in plant cell walls. This enzyme complex comprises various components like pectin lyase, polygalacturonase, and pectin methyl esterase, each contributing to the hydrolysis of pectin molecules. Widely utilized in industries such as food processing, agriculture, and textiles, pectinase aids in fruit juice extraction, wine production, textile finishing, and papermaking by facilitating the breakdown of pectin, thereby improving extraction efficiency, product clarity, and texture modification.
According to international organization of vine & wine, Italy was the leading wine producer in the world in 2022 with almost 49.8 million hectoliters and also had the highest wine export volume with around 21.9 million hectoliters.
Growing demand from food and beverage industry
The increasing demand for processed and convenience foods, as well as the rising popularity of fruit juices and jams, has been a significant driver for the pectinase market. Pectinase enzymes play a crucial role in various food and beverage applications due to their ability to break down pectin, a complex polysaccharide found in fruits and vegetables. As the demand for processed and convenience foods continues to rise globally, the need for pectinase in the food industry is expected to grow.
Enzyme stability and shelf life
Pectinase, like other enzymes, can be sensitive to various factors such as temperature, pH, and storage conditions, which can affect its stability and shelf life. Pectinase, being a biologically active protein, can undergo denaturation or loss of activity under unfavourable conditions. However, the limited stability and shelf life of pectinase pose challenges for manufacturers, distributors, and end-users. This can impact the availability and reliability of pectinase, which in turn impacts market demand.
Continuous advancements in enzyme technology
Continuous advancements in enzyme technology, including the development of more efficient and cost-effective pectinase products, have positively influenced market growth. Enzyme manufacturers have focused on optimizing production processes, such as fermentation and downstream processing, to increase yields and reduce costs. This has made pectinase enzymes more accessible to a wider range of industries and applications. Moreover, improvements in enzyme production, purification processes, and enzyme engineering techniques have contributed to the expansion of the pectinase market.
Emergence of alternative technologies
Alternative technologies, including mechanical extraction processes, chemical treatments, and synthetic additives, offer competing solutions for achieving similar outcomes as pectinase. Mechanical extraction methods, such as pressing or grinding, may be employed in some industries to extract juices or pulp from fruits, bypassing the need for enzymatic treatments altogether. Furthermore, advancements in synthetic additives and processing aids present alternatives to enzyme-based solutions. The emergence of alternative technologies limits market expansion.
Covid-19 Impact
The COVID-19 pandemic had a notable impact on the pectinase market. During the initial phases of the pandemic, widespread lockdowns, disruptions in transportation, and logistical challenges led to interruptions in the supply chain for pectinase enzymes. However, as consumers shifted towards home-cooked meals and DIY projects, there was a surge in demand for packaged food products and home brewing kits, driving the need for pectinase enzymes in food processing and beverage production at the household level.
The protopectinases segment is expected to be the largest during the forecast period
The protopectinases segment is estimated to hold the largest share. Proteopectinases are highly valued for their ability to enhance the extraction of juices from fruits, particularly those with high levels of protopectin, such as apples, grapes, and citrus fruits. Additionally, these enzymes help reduce viscosity, improve texture, and enhance the overall quality of these products by facilitating the breakdown of protopectin and promoting better dispersion of fruit solids.
The food & beverage segment is expected to have the highest CAGR during the forecast period
The food & beverage segment is anticipated to have lucrative growth during the forecast period. Pectinase enzymes are widely used for fruit juice extraction, where they aid in breaking down pectin and cell wall materials present in fruits, thus improving juice yield, clarity, and flavour. Moreover, pectinase enzymes find application in wine production, where they contribute to the clarification and flavour enhancement of wines by breaking down pectin residues and aiding in the extraction of colour and flavour compounds from grape skins. Overall, the food and beverage industry represents a significant market for pectinase enzymes.
North America commanded the largest market share during the extrapolated period, driven by its well-established food and beverage industry, technological advancements, and increasing demand for natural and sustainable ingredients. The growing trend towards healthier eating habits and organic foods has spurred the use of pectinase enzymes in the production of natural and minimally processed food items. Moreover, North America boasts a robust biotechnology sector, fostering research and innovation in enzyme technologies.
Asia Pacific is expected to witness profitable growth over the projection period, owing to expanding food and beverage sector and rising demand for processed foods. The textile industry in Asia Pacific utilizes pectinase enzymes for fabric finishing processes, such as bio-polishing and denim washing, to achieve desired softness, texture, and appearance in textiles. Additionally, the agricultural sector in the region benefits from the use of pectinase enzymes in crop processing and animal feed production.
Key players in the market
Some of the key players in the Pectinase Market include Genencor, Shandong Longda, Sukahan Bio-Technology, Amano Enzyme, Koninklijke Dsm N.V., Jinyuan Biochemical Co Ltd, Novozymes, A B Enzyme, Sunson and Verenium.
In February 2023, AB Enzymes and Barentz announced the extension of the distribution agreement for their bake & food enzymes in most of Europe with Barentz. The 5-year agreement further strengthens AB Enzymes' ambitions in the European markets.
In December 2022, Koninklijke DSM N.V. and LabTwin GmbH announced a multi-year license and collaboration agreement. DSM will apply the newly acquired technology in several of their Science & Innovation laboratories globally.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.