GCC Pectin Market, By Type (HM Pectin, LM Pectin); By Raw Materials (Citrus Fruit, Apple, Sugar Beet); By Function (Thickener, Stabilizer, Gelling Agent, Fat Replacer); By Application (Food & Beverages, Pharmaceuticals & Personal Care Products, Industrial
Description
GCC Pectin Market, By Type (HM Pectin, LM Pectin); By Raw Materials (Citrus Fruit, Apple, Sugar Beet); By Function (Thickener, Stabilizer, Gelling Agent, Fat Replacer); By Application (Food & Beverages, Pharmaceuticals & Personal Care Products, Industrial Applications); By Country (Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman), Trend Analysis, Competitive Landscape & Forecast, 2022–2028
GCC Pectin Market to Expand at Steady CAGR of 8.6% during 2022–2028
GCC pectin market is flourishing because of increasing consumption of bread products, growing awareness of health and food security, and expanding number of fast food chains and stores across the region.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects GCC (Gulf Cooperation Council) Pectin Market size to grow at a steady CAGR of 8.6% during the forecast period between 2022 and 2028. Major factors for the expansion of GCC pectin market include an increasing demand for processed and convenience food and growing consumes’ food preferences. Pectin is a crucial component in the formulation of numerous medicines in the pharmaceutical sector, and the growing popularity of functional foods among health-conscious consumers is increasing pectin demand in the GCC countries. The growing preference for low-calorie and low-fat products is driving up demand for pectin from food makers. A spurring demand from the pharmaceutical and cosmeceutical sectors could further fuel the pectin market expansion in the coming years. Additionally, growing population, high disposable income, supply chain improvements, and rapid urbanization are expected to propel the expansion of GCC pectin market. The increasing use of packaged products to minimize cooking time, improve shelf life, and enhance texture and color, as well as the multi-functionality of pectin, which lead to the increasing demand for innovative applications coupled with increasing R&D investments create profitable prospects for market participants during the period in analysis. However, high research and development costs and ease of affordable alternatives are anticipated to limit the growth of GCC pectin market.
GCC Pectin Market – Overview
Pectin (C6H10O7) is a soluble fiber component present in cell walls of fruits and vegetables, such as apple, sugar beet, apricot, orange, and carrot. It is high in phytochemicals, potassium, folic acid, and other nutrients that aid digestion, decrease cholesterol, improve gut health, boost immunity, and prevent gastroesophageal reflux disease (GERD). Pectin is also used as a thickener, stabilizer, water binder, and other additives. As a result, it has a wide range of applications in a variety of industries, including food and beverages (F&B), pharmaceutical, and personal care.
GCC Pectin Market – By Raw Materials
Based on raw materials, GCC pectin market is divided into Citrus Fruit, Apple, and Sugar Beet segments. The citrus fruit segment is expected to hold the highest market share during the period in analysis. Citrus fruits, notably lemons, oranges, and grapefruits, are the primary sources of natural pectin. Citrus pectin products are used to deliver innovative and varied flavor profiles in spices, sauces, and marinades. Additional applications include nutraceuticals, dietary supplements, pharmaceuticals, cosmetics, personal care goods, room deodorizers, and cleaning supplies. Citrus pectin is gaining popularity as an efficient addition in the GCC pectin industry. Modified citrus pectin (MCP) may be the best option for those wishing to supplement their citrus intake as a preventive health precaution. The apple segment is expected to be the second dominant one in the market, as it is utilized in food, beverages, cosmetics, personal care products, and pharmaceuticals. Several product innovations utilizing these natural, plant-based, and clean-label goods are expanding the usage of apple pectin in end-user industries.
Impact of COVID-19 on GCC Pectin Market
The COVID-19 pandemic had a detrimental effect on all industries around the world, affecting supply and demand. The pandemic halted import-export transactions and temporarily halted manufacture of many products, such as processed foods, cosmetics, and personal care products, resulting in a decline in demand for personal care products such as pectin. As a result, trade restrictions and labor constraints hampered the GCC pectin industry. The pandemic also had a substantial impact on consumer demand and food preferences. During the pandemic, consumers avoided purchasing non-essential items, reducing sales of pectin-based food products. COVID-19 pandemic halted the expansion of GCC pectin market. However, the situation has improved since the pandemic, and the pectin market has rebounded. Because of the numerous advantages of pectin products, the market is expected to expand rapidly.
Competitive Landscape
GCC pectin market is fiercely competitive with major players including Cargill, Incorporated, DuPont, Tate & Lyle, Ingredion Incorporated, Ashland, Naturex, LUCID COLLOIDS LTD., and DSM Andre Pectin. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Pectin Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Pectin Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
GCC Pectin Market to Expand at Steady CAGR of 8.6% during 2022–2028
GCC pectin market is flourishing because of increasing consumption of bread products, growing awareness of health and food security, and expanding number of fast food chains and stores across the region.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects GCC (Gulf Cooperation Council) Pectin Market size to grow at a steady CAGR of 8.6% during the forecast period between 2022 and 2028. Major factors for the expansion of GCC pectin market include an increasing demand for processed and convenience food and growing consumes’ food preferences. Pectin is a crucial component in the formulation of numerous medicines in the pharmaceutical sector, and the growing popularity of functional foods among health-conscious consumers is increasing pectin demand in the GCC countries. The growing preference for low-calorie and low-fat products is driving up demand for pectin from food makers. A spurring demand from the pharmaceutical and cosmeceutical sectors could further fuel the pectin market expansion in the coming years. Additionally, growing population, high disposable income, supply chain improvements, and rapid urbanization are expected to propel the expansion of GCC pectin market. The increasing use of packaged products to minimize cooking time, improve shelf life, and enhance texture and color, as well as the multi-functionality of pectin, which lead to the increasing demand for innovative applications coupled with increasing R&D investments create profitable prospects for market participants during the period in analysis. However, high research and development costs and ease of affordable alternatives are anticipated to limit the growth of GCC pectin market.
GCC Pectin Market – Overview
Pectin (C6H10O7) is a soluble fiber component present in cell walls of fruits and vegetables, such as apple, sugar beet, apricot, orange, and carrot. It is high in phytochemicals, potassium, folic acid, and other nutrients that aid digestion, decrease cholesterol, improve gut health, boost immunity, and prevent gastroesophageal reflux disease (GERD). Pectin is also used as a thickener, stabilizer, water binder, and other additives. As a result, it has a wide range of applications in a variety of industries, including food and beverages (F&B), pharmaceutical, and personal care.
GCC Pectin Market – By Raw Materials
Based on raw materials, GCC pectin market is divided into Citrus Fruit, Apple, and Sugar Beet segments. The citrus fruit segment is expected to hold the highest market share during the period in analysis. Citrus fruits, notably lemons, oranges, and grapefruits, are the primary sources of natural pectin. Citrus pectin products are used to deliver innovative and varied flavor profiles in spices, sauces, and marinades. Additional applications include nutraceuticals, dietary supplements, pharmaceuticals, cosmetics, personal care goods, room deodorizers, and cleaning supplies. Citrus pectin is gaining popularity as an efficient addition in the GCC pectin industry. Modified citrus pectin (MCP) may be the best option for those wishing to supplement their citrus intake as a preventive health precaution. The apple segment is expected to be the second dominant one in the market, as it is utilized in food, beverages, cosmetics, personal care products, and pharmaceuticals. Several product innovations utilizing these natural, plant-based, and clean-label goods are expanding the usage of apple pectin in end-user industries.
Impact of COVID-19 on GCC Pectin Market
The COVID-19 pandemic had a detrimental effect on all industries around the world, affecting supply and demand. The pandemic halted import-export transactions and temporarily halted manufacture of many products, such as processed foods, cosmetics, and personal care products, resulting in a decline in demand for personal care products such as pectin. As a result, trade restrictions and labor constraints hampered the GCC pectin industry. The pandemic also had a substantial impact on consumer demand and food preferences. During the pandemic, consumers avoided purchasing non-essential items, reducing sales of pectin-based food products. COVID-19 pandemic halted the expansion of GCC pectin market. However, the situation has improved since the pandemic, and the pectin market has rebounded. Because of the numerous advantages of pectin products, the market is expected to expand rapidly.
Competitive Landscape
GCC pectin market is fiercely competitive with major players including Cargill, Incorporated, DuPont, Tate & Lyle, Ingredion Incorporated, Ashland, Naturex, LUCID COLLOIDS LTD., and DSM Andre Pectin. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Pectin Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Pectin Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
150 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. GCC Pectin Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing number of fast-food chains and stores
- 3.2.1.2. Rise in bread products intake
- 3.2.1.3. Awareness of health and food security
- 3.2.2. Restraints
- 3.2.2.1. Excessive cost of R&D
- 3.2.3. Opportunities
- 3.2.3.1. Changing consumer preferences
- 3.2.3.2. Expansion of suppliers and distribution channels
- 3.2.4. Challenges
- 3.2.4.1. Strict government regulations related to additives and bakery products
- 3.2.4.2. Volatility of raw material prices
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. GCC Pectin Market Overview
- 4.1. Market Size & Forecast, 2018–2028
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. HM Pectin
- 4.2.1.2. LM Pectin
- 4.2.2. By Raw Materials
- 4.2.2.1. Citrus Fruit
- 4.2.2.2. Apple
- 4.2.2.3. Sugar Beet
- 4.2.2.4. Others
- 4.2.3. By Function
- 4.2.3.1. Thickener
- 4.2.3.2. Stabilizer
- 4.2.3.3. Gelling Agent
- 4.2.3.4. Fat Replacer
- 4.2.3.5. Others
- 4.2.4. By Application
- 4.2.4.1. Food & Beverages
- 4.2.4.2. Pharmaceuticals & Personal Care Products
- 4.2.4.3. Industrial Applications
- 4.2.5. By Country
- 4.2.5.1. Bahrain
- 4.2.5.2. Kuwait
- 4.2.5.3. Oman
- 4.2.5.4. Qatar
- 4.2.5.5. Saudi Arabia
- 4.2.5.6. United Arab Emirates
- 5. Bahrain Pectin Market
- 5.1.1. Market Size & Forecast, 2018–2028
- 5.1.2. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Raw Materials
- 5.2.3. By Function
- 5.2.4. By Application
- 6. Kuwait Pectin Market
- 6.1.1. Market Size & Forecast, 2018–2028
- 6.1.2. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Raw Materials
- 6.2.3. By Function
- 6.2.4. By Application
- 7. Oman Pectin Market
- 7.1.1. Market Size & Forecast, 2018–2028
- 7.1.2. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Raw Materials
- 7.2.3. By Function
- 7.2.4. By Application
- 8. Qatar Pectin Market
- 8.1.1. Market Size & Forecast, 2018–2028
- 8.1.2. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Raw Materials
- 8.2.3. By Function
- 8.2.4. By Application
- 9. Saudi Arabia Pectin Market
- 9.1.1. Market Size & Forecast, 2018–2028
- 9.1.2. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Raw Materials
- 9.2.3. By Function
- 9.2.4. By Application
- 10. United Arab Emirates Pectin Market
- 10.1.1. Market Size & Forecast, 2018–2028
- 10.1.2. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Raw Materials
- 10.2.3. By Function
- 10.2.4. By Application
- 11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. GCC Pectin Company Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
- 12. Impact of Covid-19 on GCC Pectin Market
- 13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 13.1. Cargill, Incorporated
- 13.2. DuPont
- 13.3. Tate & Lyle
- 13.4. Ingredion Incorporated
- 13.5. Ashland
- 13.6. Naturex
- 13.7. LUCID COLLOIDS LTD.
- 13.8. DSM Andre Pectin
- 13.9. Other Prominent Players
- 14. Key Strategic Recommendations
- 15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Region
- 15.5. Assumptions & Limitations
- *Financial in Functionating of case of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 GCC Pectin Market Segmentation
- Figure 2 GCC Pectin Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 GCC Pectin Market Size, By Value (USD Million), 2018–2028
- Figure 5 GCC Pectin Market Share, By Type, By Value, 2018–2028
- Figure 6 GCC Pectin Market Share, By Raw Materials, By Value, 2018–2028
- Figure 7 GCC Pectin Market Share, By Function, By Value, 2018–2028
- Figure 8 GCC Pectin Market Share, By Application, By Value, 2018–2028
- Figure 9 GCC Pectin Market Share, By Country, By Value, 2018–2028
- Figure 10 Bahrain Pectin Market Size, By Value (USD Million), 2018–2028
- Figure 11 Bahrain Pectin Market Share, By Type, By Value, 2018–2028
- Figure 12 Bahrain Pectin Market Share, By Raw Materials, By Value, 2018–2028
- Figure 13 Bahrain Pectin Market Share, By Function, By Value, 2018–2028
- Figure 14 Bahrain Pectin Market Share, By Application, By Value, 2018–2028
- Figure 15 Kuwait Pectin Market Size, By Value (USD Million), 2018–2028
- Figure 16 Kuwait Pectin Market Share, By Type, By Value, 2018–2028
- Figure 17 Kuwait Pectin Market Share, By Raw Materials, By Value, 2018–2028
- Figure 18 Kuwait Pectin Market Share, By Function, By Value, 2018–2028
- Figure 19 Kuwait Pectin Market Share, By Application, By Value, 2018–2028
- Figure 20 Oman Pectin Market Size, By Value (USD Million), 2018–2028
- Figure 21 Oman Pectin Market Share, By Type, By Value, 2018–2028
- Figure 22 Oman Pectin Market Share, By Raw Materials, By Value, 2018–2028
- Figure 23 Oman Pectin Market Share, By Function, By Value, 2018–2028
- Figure 24 Oman Pectin Market Share, By Application, By Value, 2018–2028
- Figure 25 Qatar Pectin Market Size, By Value (USD Million), 2018–2028
- Figure 26 Qatar Pectin Market Share, By Type, By Value, 2018–2028
- Figure 27 Qatar Pectin Market Share, By Raw Materials, By Value, 2018–2028
- Figure 28 Qatar Pectin Market Share, By Function, By Value, 2018–2028
- Figure 29 Qatar Pectin Market Share, By Application, By Value, 2018–2028
- Figure 30 Saudi Arabia Pectin Market Size, By Value (USD Million), 2018–2028
- Figure 31 Saudi Arabia Pectin Market Share, By Type, By Value, 2018–2028
- Figure 32 Saudi Arabia Pectin Market Share, By Raw Materials, By Value, 2018–2028
- Figure 33 Saudi Arabia Pectin Market Share, By Function, By Value, 2018–2028
- Figure 34 Saudi Arabia Pectin Market Share, By Application, By Value, 2018–2028
- Figure 35 United Arab Emirates Pectin Market Size, By Value (USD Million), 2018–2028
- Figure 36 United Arab Emirates Pectin Market Share, By Type, By Value, 2018–2028
- Figure 37 United Arab Emirates Pectin Market Share, By Raw Materials, By Value, 2018–2028
- Figure 38 United Arab Emirates Pectin Market Share, By Function, By Value, 2018–2028
- Figure 39 United Arab Emirates Pectin Market Share, By Application, By Value, 2018–2028
- List of Figures
- Table 1 GCC Pectin Market Size, By Type, By Value, 2018–2028
- Table 2 GCC Pectin Market Size, By Raw Materials, By Value, 2018–2028
- Table 3 GCC Pectin Market Size, By Function, By Value, 2018–2028
- Table 4 GCC Pectin Market Size, By Application, By Value, 2018–2029
- Table 5 GCC Pectin Market Size, By Country, By Value, 2018–2028
- Table 6 Bahrain Pectin Market Size, By Value (USD Million), 2018–2028
- Table 7 Bahrain Pectin Market Size, By Type, By Value, 2018–2028
- Table 8 Bahrain Pectin Market Size, By Raw Materials, By Value, 2018–2028
- Table 9 Bahrain Pectin Market Size, By Function, By Value, 2018–2028
- Table 10 Bahrain Pectin Market Size, By Application, By Value, 2018–2029
- Table 11 Kuwait Pectin Market Size, By Value (USD Million), 2018–2028
- Table 12 Kuwait Pectin Market Size, By Type, By Value, 2018–2028
- Table 13 Kuwait Pectin Market Size, By Raw Materials, By Value, 2018–2028
- Table 14 Kuwait Pectin Market Size, By Function, By Value, 2018–2028
- Table 15 Kuwait Pectin Market Size, By Application, By Value, 2018–2029
- Table 16 Oman Pectin Market Size, By Value (USD Million), 2018–2028
- Table 17 Oman Pectin Market Size, By Type, By Value, 2018–2028
- Table 18 Oman Pectin Market Size, By Raw Materials, By Value, 2018–2028
- Table 19 Oman Pectin Market Size, By Function, By Value, 2018–2028
- Table 20 Oman Pectin Market Size, By Application, By Value, 2018–2029
- Table 21 Qatar Pectin Market Size, By Value (USD Million), 2018–2028
- Table 22 Qatar Pectin Market Size, By Type, By Value, 2018–2028
- Table 23 Qatar Pectin Market Size, By Raw Materials, By Value, 2018–2028
- Table 24 Qatar Pectin Market Size, By Function, By Value, 2018–2028
- Table 25 Qatar Pectin Market Size, By Application, By Value, 2018–2029
- Table 26 Saudi Arabia Pectin Market Size, By Value (USD Million), 2018–2028
- Table 27 Saudi Arabia Pectin Market Size, By Type, By Value, 2018–2028
- Table 28 Saudi Arabia Pectin Market Size, By Raw Materials, By Value, 2018–2028
- Table 29 Saudi Arabia Pectin Market Size, By Function, By Value, 2018–2028
- Table 30 Saudi Arabia Pectin Market Size, By Application, By Value, 2018–2029
- Table 31 United Arab Emirates Pectin Market Size, By Value (USD Million), 2018–2028
- Table 32 United Arab Emirates Pectin Market Size, By Type, By Value, 2018–2028
- Table 33 United Arab Emirates Pectin Market Size, By Raw Materials, By Value, 2018–2028
- Table 34 United Arab Emirates Pectin Market Size, By Function, By Value, 2018–2028
- Table 35 United Arab Emirates Pectin Market Size, By Application, By Value, 2018–2029
- Table 36 Cargill, Incorporated Company Overview
- Table 37 Cargill, Incorporated Financial Overview
- Table 38 DuPont Company Overview
- Table 39 DuPont Financial Overview
- Table 40 Tate & Lyle Company Overview
- Table 41 Tate & Lyle Financial Overview
- Table 42 Ingredion Incorporated Company Overview
- Table 43 Ingredion Incorporated Financial Overview
- Table 44 Ashland Company Overview
- Table 45 Ashland Financial Overview
- Table 46 Naturex Company Overview
- Table 47 Naturex Financial Overview
- Table 48 LUCID COLLOIDS LTD. Company Overview
- Table 49 LUCID COLLOIDS LTD. Financial Overview
- Table 50 DSM Andre Pectin Company Overview
- Table 51 DSM Andre Pectin Financial Overview
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