Grapefruit Peel Market Trends And Analysis-2023

By Author: bhargav
Total Articles: 47
Comment this article

Market overview:

The Grapefruit Peel Market was valued at $4.1 billion in 2021 and is estimated to reach $7.8 billion by 2027, with a CAGR of 6.1% from 2022 to 2028.

Citrus fruits like oranges, mandarins, and lemons include grapefruit. It is a promising source of vitamins, minerals, and antioxidants that are vital to human health. Many possible items that are an excellent source of phenolic chemicals and dietary fiber can be made from grapefruit peels. Peels, which are a byproduct of the food manufacturing industry, are a fantastic source of nutraceuticals. As a result, the food and beverage sector is making use of this expertise to build a sizable market. The food and beverage business uses grapefruit peels extensively in a variety of areas, including confectionery, teas and beverages, and bakeries. Various foods can benefit from the flavor and smell of grapefruit peel. Additionally, it is utilized in the pharmaceutical sector to create numerous medications and healthcare items.

The global market for grapefruit peel is being driven by the growing awareness of the health advantages associated with grapefruit ...
... peels and the increasing customer preference towards the category of herbal and organic products.

Market Drivers and Restraints:

Peels can be candied and kept for a very long time. The numerous uses and nutritional advantages of grapefruit peels are the major drivers of the market's expansion on a global scale.

Consumers are now more health-conscious than ever and have changed their tastes and choices to reflect a healthy lifestyle. As a result, they have started to consume more natural and organic goods. In consequence, this has increased the market for grapefruit peel at the same time. Consumers are spending more money on purchasing organic goods as the tendency to do so is also growing significantly. The food and beverage sector uses grapefruit peel extensively in many various areas, including bread, confectionery, etc.

Additionally, the market is expanding significantly due to the growing application in the pharmaceutical and personal care industries. The market for grapefruit peels is also anticipated to grow due to continuous research and development on grapefruit peels for creating treatments for cancer and other tumors.

Government regulations are strict when it comes to grapefruit intake by people. As an illustration, the U.S. FDA's fortification of standardized juices states that grapefruit juice-based products are allegedly mass-produced in accordance with the standard of identity for the unfortified juice and cannot be produced in accordance with the manufacturer's requirements for the product. Regulations implemented by the government may prevent the market for grapefruit peel from expanding.

To know more, read:

https://www.marketdataforecast.com/market-reports/grapefruit-peel-market

The report is segmented as follows:

The Grapefruit Peel Market is segmented by Type of Peel; the Market is segmented by Formulation; the Market is segmented by End-Use Industry; the Market is segmented by Nature Of Production

By Type Of Peel (Dried and Frozen)

By Formulation (Granules and Powder)

By End-Use Industry (Food and Beverage Industry and Pharmaceutical Industry)

By Nature Of Production (Conventional and Organic)

Geographical Segmentation:

Due to the widespread imports of food that imparts flavor and the growing demand for aromatic beverages, North America is the world's largest market for grapefruit peels. This has aided the growth and development of the peeling market in this area. Peels are used in processed meals and close-to-home care items in the United States and Canada. This is expanding the grapefruit peel market as a whole.

Due to the increasing use of citrus fruits in personal care and home care products, the Asia Pacific region is one of the major markets for grapefruit peel, particularly in nations like India, China, and Japan. Because its domestic production is used to meet domestic pomelo demand, China does not control the global trade market. As a result, it is projected that the market would expand significantly in this area.

Impact of COVID-19 pandemic on the market:

The COVID-19 pandemic had a significant impact on the Grapefruit Peel Market due to stringent lockdown conditions and restricted operations worldwide.

About Us:

Market Data Forecast is a firm working in market research, business intelligence, and consulting. We have rich research and consulting experience for various business domains to cater to individual and corporate clients’ needs.

Contact Us:

Market Data Forecast

Phone: +1-888-702-9626

Email: contact@marketdataforecast.com

Market Data Forecast is a firm working in market research, business intelligence, and consulting. We have rich research and consulting experience for various business domains to cater to individual and corporate clients’ needs.