Pectin Prices

Pectin Prices June 2024

The pectin prices in China for Q2 2024 reached 8895 USD/MT in June. Increased manufacturing potential and the influx of latest suppliers, which resulted in an excess stock, led to a major cost reduction. Seasonality variables including the large production of citrus fruits and apple pomace contributed to the steady decline in high methyl pectin (HM) costs. On account of the weak demand for this excess supply, the market became more competitive, and producers had to lower their rates to hold a substantial share.

The price trend for pectin in Germany for Q2 2024 settled at 11200 USD/MT in June. The European region suffered some of the major cost swings on account of which the market for this product was noticeably muted. Prices showed a consistent drop during the period, with patterns indicating a deteriorating market temperament. The onset of summer and other seasonal events did not lead to an enough product adoption so as to offset the surplus problems.

Pectin Prices March 2024

The pectin prices in the USA for Q1 2024 reached 10755 USD/MT in December. Initially, prices were rising due to higher demand for pectin-based products post-holidays. A subsequent downturn occurred as excess inventory and cautious purchasing dominated, prompting suppliers to focus on destocking.

The price trend for pectin in China for Q1 2024, reached 10480 USD/MT in December. After an initial rise in January on account of high demand in food and personal care sectors, prices declined sharply in February owing to logistical issues and excess inventory.

The price trend for pectin in Germany for Q1 2024, reached 11500 USD/MT in December. There was price hike in January because of higher freight costs and logistical challenges but fell sharply in February as businesses managed stockpiles amid disrupted supply chains. March saw a modest recovery, though the market remained pressured by weak demand and economic uncertainties.

Regional Coverage

The report provides a detailed analysis of the pectin market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the pectin price trend.

Global Pectin Price

The report offers a holistic view of the global pectin pricing trends in the form of pectin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into pectin historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into pectin price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed pectin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Pectin Price

Q2 2024:

The overabundance of current stockpiles, muted demand, and inflationary pressures were the main causes of the steady price decline in the market during Q2 2024. This drop was caused by several interrelated variables. Cautious buying emotions were caused by oversupply in the market, which resulted from large purchases from importing countries in the previous months. Slow product adoption resulted from this overstock, which was made worse by the declining purchasing power of consumers as a result of inflationary pressures. The decline of the US dollars in comparison to the euro also made posed challenges for suppliers and manufacturers, which slowed exports.

Q1 2024:

The market saw significant price fluctuations, especially in Germany. January marked a constant price hike owing to increased quotations from end-users and higher freight costs. February witnessed a notable decline as businesses leaned on existing stockpiles and faced challenges like trade route diversions and stricter packaging rules, leading to delays and increased costs. Moreover, the Red Sea crisis disrupted supply chains, impacting profitability and limiting new orders. Although March brought some recovery, the overall market environment in the region remained challenging.

This analysis can be extended to include detailed pectin price information for a comprehensive list of countries.

North America Pectin Price

Q2 2024:

In the Q2 2024, the pectin market in this region saw a significant decline with a gradual increase at the start and finish, primarily due to a number of interrelated causes. Lower manufacturing rates in important manufacturing locations contributed to the dropping pricing of the quarter. Since manufacturers were able to cut their prices due to the cost reduction, competition increased. Furthermore, the oversupply situation in the market worsened by the deliberate clearance of piled-high stockpiles to reduce storage expenses and spoiling risk, which further lowered prices.

Q1 2024:

The market demonstrated mixed movements in the region during Q1 of 2024. Prices increased in January on account of the rising demand for pectin-based goods like jams and bakery products. Apart from this, the market faced a downward trend in February because of several factors such as excess inventory, cautious purchasing, and lowered downstream activity. Suppliers focused on clearing stockpiles to avoid additional costs. By March, a gradual recovery was observed, but the overall sentiment remained subdued, with manufacturers continuing to manage inventories and monitor demand closely.

Specific pectin historical data within the United States and Canada can also be provided.

Middle East and Africa Pectin Price

The report explores the pectin pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on pectin prices for countries can also be provided.

Asia Pacific Pectin Price

Q2 2024:

Pectin prices in the Asia Pacific area saw a significant drop in Q2 2024 due to a number of interrelated causes. Due to excess supply, increased competition, improvements in extraction methods, and falling raw material costs, the quarter saw significant negative pressure on market prices. Due to changing customer preferences and economic uncertainty, demand declined in a number of industries, such as food and beverage, pharmaceuticals, and cosmetics. Exports became more costly when domestic currencies gained value relative to the US dollar, which further reduced demand abroad and fueled the bear market mentality.

Q1 2024:

The market experienced varied price patterns in Q1 of 2024. A stable rise in January was observed, spurred by increased demand in food and beverage (F&B) and personal care sectors. Logistical challenges, increasing transportation costs, and a surplus of inventory led to a sharp price drop in February. Despite the weaker currency, subdued demand and uncertain buyer behavior kept purchasing activity low until March. Towards the end of the quarter, a gradual rebound in prices indicated a balanced market, as importing regions leveraged currency advantages to optimize procurement. 

This pectin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Pectin Price

The analysis of pectin prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Pectin Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Pectin Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of pectin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of pectin at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of pectin price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing pectin price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Pectin Market Analysis

The global pectin market size reached US$ 1170.8 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 2256 Million, at a projected CAGR of 7.30% during 2023-2032.

• The increasing awareness regarding the health benefits of pectin such as its role in improving digestive health, controlling blood sugar levels, and lowering cholesterol is driving the demand for pectin in the food and pharmaceutical industries. For instance, in September 2023, Cargill announced to launch of a range of LM conventional (LMC) pectins that deliver a novel texture of fruit-filled food products marketed with organic or conventional claims.
• Pectin is widely used as a gelling agent, thickener, and stabilizer in food products like jams, jellies, yogurts, and confectioneries. The rising demand for natural and organic food products is boosting the use of natural ingredients such as pectin. As per a recent study, more than half (55%) of the public says that organic fruits and vegetables are better for one's health than conventionally grown produce. Furthermore, according to the 2023 Organic Industry Survey by the Organic Trade Association, organic food sales in the United States in 2022 broke through $60 billion for the first time, hitting another high-level mark for the organic sector. Total organic sales including organic non-food products were a record $ 67.6 billion.
• The growing use of pectin in the pharmaceutical industry for its prebiotic properties and as an ingredient in medical adhesives and wound healing products is contributing to the growth of the market.
• The increasing preference for products with fewer and more recognizable ingredients is driving the demand for clean-label ingredients such as pectin, which is recognized as safe and natural.
• The growing innovation in extraction and processing technologies is improving the efficiency and functionality of pectin, which is leading to its diversified applications in both existing and new product formulations.

Pectin News

The report covers the latest developments, updates, and trends impacting the global pectin market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in pectin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the pectin price trend.

Latest developments in the pectin industry:

• July 2024, The U.S. Department of Agriculture's Agricultural Research Service (USDA ARS) has developed a new type of pectin that can gel low-sugar food products. The new pectin allows manufacturers to create low-sugar products with the same texture and mouthfeel as full-sugar versions. This innovation could enable the food industry to produce healthier products with less added sugar while maintaining desirable sensory qualities.
• June 2024, Tate & Lyle has announced an agreement to acquire the entire issued share capital of CP Kelco U.S., CP Kelco China, and CP Kelco ApS, along with their respective subsidiaries (collectively referred to as 'CP Kelco'). CP Kelco is a prominent provider of pectin, specialty gums, and other nature-based ingredients. The acquisition is from J.M. Huber Corporation for a total implied consideration of US$1.8 billion (approximately £1.4 billion), on a cash-free, debt-free basis.
• April 2024, CP Kelco completed a $60 million expansion of its citrus fiber production capacity in Matão, Brazil, driven by strong customer demand. This expansion increases the total capacity to approximately 5000 metric tons, positioning CP Kelco as a leading supplier of citrus fiber for food, beverage, and consumer products globally.

Product Description

Pectin refers to a naturally occurring polysaccharide found in the cell walls of plants, especially abundant in fruits like citrus peels and apples. It is widely used as a gelling ingredient to help thicken and stabilize mixtures, mainly for making jams and jellies in the food business. It is also utilized as a fat substitute in baked products and in the production of confections and sweets. This soluble fiber can help lower blood sugar levels and improve digestive health. Pectin also is considered to be good for heart health since it can lower cholesterol by blocking the absorption of cholesterol in the gut. It is available in several forms like liquid or powder and varies in terms of its gelling properties depending on the pH and the presence of sugar and calcium.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of pectin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting pectin price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The pectin price charts ensure our clients remain at the forefront of the industry.