GCC Pectin Market
GCC Pectin Market to Expand at Steady CAGR of 8.6% during 2022–2028
Published | 01 January 2023
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 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.
Request for Sample Report @ https://www.blueweaveconsulting.com/report/gcc-pectin-market/report-sample
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.
About Us
BlueWeave Consulting (BWC) provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Contact Us:
BlueWeave Consulting & Research Pvt. Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
Get Help
Related Report
Publish Date: January 2023
A growing focus on health and food security, increasing consumption of bread products, and increasing number of fast food chains and stores are projected to propel the expansion of GCC Pectin Market at a steady growth rate during the forecast period between 2022 and 2028.
Relevant Press Releases
- Asia Pacific Nickel Alloys Market Size More Than Doubles to Reach USD 8.63 Billion by 2030
- Global Polyolefin Shrink Film Market to Grow at a CAGR of 6.3% during Forecast Period
- Global Agrochemicals Market Size Grows at Steady Rate to Reach Whopping USD 279.1 billion by 2029
- Global Aramid Fiber Market Size to Touch USD 6.3 billion by 2028
- United States Stainless Steel Scrap Market Size Grows at Steady CAGR of 6% to Cross USD 1.34 Billion by 2029