PUBLISHER: The Business Research Company | PRODUCT CODE: 1532039
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532039
Pectinases encompass a group of enzymes responsible for catalyzing the breakdown of pectin, a polysaccharide present in plant cell walls. These enzymes facilitate the degradation of pectin by hydrolyzing its glycosidic bonds, thereby depolymerizing the pectin structure. In the food and beverage industry, pectinases play a crucial role in clarifying fruit juices, improving extraction processes, and enhancing the texture of diverse products.
The primary types of pectinases include pectin lyases, protopectinases, polygalacturonases, and pectinesterase, among others. These enzymes are sourced from bacteria, fungi, plants, and other origins, available in forms such as powders, liquids, and granules. They find application in fruit juice extraction, wine production, food processing, and various sectors including food and beverage, pharmaceuticals, textiles, agriculture, and others.
The pectinases market research report is one of a series of new reports from The Business Research Company that provides pectinases market statistics, including pectinases industry global market size, regional shares, competitors with a pectinases market share, detailed pectinases market segments, market trends, and opportunities, and any further data you may need to thrive in the pectinases industry. This pectinases research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 observed in the historic period can be attributed to several factors including the increasing production of fruits and vegetables, rising volumes of juice and wine production, expansion in the dairy industry, growth of the food and beverage sector, and rising consumer 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 expected in the forecast period is due to several factors, rising consumer demand for natural and clean-label products, increased demand for processed foods, growing popularity of wine and beer consumption, and increasing population and urbanization. Key trends during this period include innovations in fermentation technology, the adoption of advanced enzyme formulations, automation and process integration, advancements in biotechnology and genetic engineering, agricultural advancements, and improvements in food processing technologies.
The growing demand from the food and beverage industry is expected to drive the growth of the pectinases market. The food and beverage industry includes companies that process raw agricultural commodities and semi-processed food products into consumable items. This demand for pectinases is fueled by the rising production of fruit juices and wine, enhanced flavors and textures, and the increasing popularity of plant-based beverages. Pectinases provide significant benefits to this industry by improving product quality, enhancing process efficiency, and contributing to cost savings, all while ensuring the production of high-quality, appealing, and stable products. For example, according to the Australian Bureau of Statistics, food and non-alcoholic drink sales in Australia increased from 14.8 million metric tons in 2020-21 to 15.1 million tons in 2021-2022. Therefore, the growing demand from the food and beverage industry is propelling the pectinases market.
The rising incidence of digestive diseases is also expected to drive the growth of the pectinases market. Digestive diseases, also known as gastrointestinal (GI) diseases or disorders, include conditions such as gastroesophageal reflux disease (GERD), peptic ulcer disease, inflammatory bowel disease (IBD), and celiac disease. The increasing prevalence of these diseases is linked 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 the management of various digestive disorders, and enhancing overall digestive wellness. For instance, the National Center for Biotechnology Information reported that the number of Canadians experiencing IBD in 2023 was around 320,000, and this figure is expected to rise to 470,000 by 2035. Consequently, the increase in digestive diseases is driving the pectinases market.
In February 2022, Kerry Group plc, an Ireland-based public food company, acquired c-LEcta for approximately €137 million ($149 million). This acquisition aims to bolster Kerry's biotechnology capabilities and expand its enzyme technology portfolio, enhancing offerings in the food, beverage, pharmaceuticals, and industrial sectors that rely on enzyme applications. c-LEcta GmbH is a Germany-based company specializing in the production and optimization of enzymes, including pectinases.
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.
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.
The countries covered in the pectinases market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pectinases Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pectinases market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pectinases ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pectinases market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.