Barry Callebaut announced a strategy update focusing on premium ingredients, sustainability, and efficiency. The move aims to manage cocoa and sugar price volatility and protect margins, likely stabilizing confectionery ingredient costs for buyers.
Pectin, a soluble gelatinous polysaccharide, is extracted from citrus fruits and is primarily consumed in the food and pharma industries. During the first half of the year 2024, the prices showcased a mixed trend depending upon regional supply and demand dynamics. At the beginning of the year, prices were steady in the Asian markets in the early first quarter. As the quarter progressed, the prices turned southwards because of a combination of many factors like high inventories, reduced downstream demand, and cautious procurement. A slight recovery was seen at the shift of quarters.
The supply was adversely affected in many parts in the second quarter. The climatic effects reduced the yield and compromised the quality of raw materials and source agriculture commodities. This made the extraction of Pectin difficult as the availability of feedstocks was lowered. Apart from this, citrus production faced another challenge because of the Huanglongbing (HLB) disease. During the said period it affected the plantations in the U.S.A., Brazil, and China.
The plants affected by the disease showed poor juice quality, reduced fruit size, and tree mortality. This all affected the supply of citrus fruits, which in turn affected the production of Pectin. Additionally, high freight charges and limited product availability disrupted the supply of the commodity. Geopolitical issues such as the Israel-Gaza war and the Red Sea crisis added to the logistical challenges. Therefore, some price inclines for pectin were seen in Asia and the USA at the beginning and end of the second quarter. However, the general market trend remained buoyant for the most part.
Analyst Insight
According to Procurement Resource, pectin prices are likely to fluctuate within very narrow limits in the upcoming quarter as well, since the demands are not projecting much change, and the supply outlook also appears stable.
Procurement Resource provides latest prices of Pectin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Related Report
Need latest Pectin price?
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Unlock Price Insights NowOur Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
Pectin is a natural polysaccharide found in the cell walls of fruits and vegetables, playing a crucial role in maintaining their structure. It is commonly used as a gelling agent in food production, particularly in jams, jellies, and fruit preserves, due to its ability to form a gel when combined with sugar and acid. Pectin is also valued for its health benefits, as it can aid digestion, lower cholesterol levels, and stabilize blood sugar. Additionally, it is often used in dietary supplements for its prebiotic properties.
C6H12O6
Food Industry (thickening and gelling agent), Confectionery (jams and jellies), Dairy Products (yogurts and desserts), Beverages (fruit juices and smoothies), Bakery Products (glazes and fillings), Nutraceuticals (dietary supplements), Pharmaceuticals (stabilizer and excipient), Cosmetics (emulsifier and thickener)
Cargill Incorporated, Royal DSM, Herbstreith and Fox Corporate Group, International Flavors & Fragrances, JM Huber Corporation
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Pectin Production by acid extraction method. The preparation of pectin, an organic compound, is carried out by the acid extraction method. In this process, raw materials such as apple pomace and citrus peels are treated within an acidic medium. Acids such as sulfuric acid or hydrochloric acid are used to extract the resultant from the organic wastes in the form of precipitates and later filtered to obtain pectin as the final product.
Our Price Analysis Methodology
Manager - Market Research
Delivering market research and procurement intelligence at Procurement Resource with a focus on economic forecasting, commodity analysis, and client advisory to help sourcing teams make data-backed purchasing decisions.
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
Europe & Africa
+44 7573 171117
Sales@procurementresource.com
USA & Canada
+1 307 363 1045
Sales@procurementresource.com
APAC
+91 8850629517
Sales@procurementresource.com
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply-demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
