GCC Pectin Market

GCC Pectin Market Overview:

The GCC pectin market was worth US$ XX Billion in 2023, expanding at a CAGR of X% during 2018-2023. Looking forward, the market is projected to grow at a CAGR of around X% during 2024-2029, reaching a value of US$ XX Billion by 2029. Pectin (C6H10O7) is a naturally occurring polysaccharide starch found in the cell walls and intercellular tissues of fruits and vegetables. It is primarily produced from apples, carrots, cherries, quince, plums, and the peel and pulp of various citrus fruits. Pectin manufacturing involves multiple steps, including extraction by hydrolysis, filtrations, clarification, precipitation, and purification. It is widely used to prepare confectionery, drugs, textiles, and personal care products. Pectin is a vegan product that improves blood sugar levels, promotes a healthy weight, and treats gastrointestinal disorders. As a result, it finds extensive application across the food and beverage (F&B), pharmaceuticals, cosmetics, and textile industries.

The rising product utilization in the F&B industry is one of the primary factors driving the market growth in GCC. Pectin is widely used as an emulsifier, gelling, stabilizer, and thickening agent in various food products, such as jams, jellies, yogurt, fruit juices, frozen food, milk drinks, marmalades, baking products, and gummy candies. In addition to this, the widespread product adoption in low-calorie food items as a fat and sugar replacer is acting as another growth-inducing factor. Furthermore, the extensive utilization of pectin in processed and convenience food products to increase shelf-life, reduce cooking time, improve texture, and maintain a low pH balance is favoring the market growth. Apart from this, significant investments by several regional governments toward establishing advanced food processing facilities and promoting tech-driven food companies are propelling the market growth. Additionally, the recent development of microwave- and ultrasound-based methods to extract pectin from food processing by-products, which, in turn, promotes waste recycling, improves resource efficiency, and provides high yield, is positively influencing the market growth. Moreover, the rising product adoption in the pharmaceutical industry for drug delivery, wound healing, gene delivery, and cancer treatment is providing an impetus to the market growth. Other factors, including increasing consumer awareness regarding various product benefits, easy product availability across several e-commerce platforms, and rising incorporation of pectin in cosmetics, are anticipated to drive the market growth.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC pectin market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC pectin market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC pectin market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC pectin market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC pectin market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC pectin market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC pectin market industry. Furthermore, the value chain analysis of the GCC pectin market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.

GCC Pectin Market Segment Insights:

The GCC pectin market has been analysed as followed:

Segmentation by Raw Materials:

• Citrus Peel
• Apple Peel
• Others

Segmentation by End Use:

• Jams and Preserves
• Drinkable and Spoonable Yoghurt
• Bakery and Confectionary
• Fruit Beverages
• Other Milk Drinks
• Others

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Pectin Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC pectin market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.