Global Grapefruit Peel demand is projected to be valued at US$ 4.46 Billion in 2022, forecast to grow at a CAGR of 6.15% to be valued at US$ 8.1 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 4.2 Billion |
| Expected Market Value (2022) | US$ 4.46 Billion |
| Anticipated Forecast Value (2032) | US$ 8.1 Billion |
| Projected Growth Rate (2022-2032) | 6.15% CAGR |
Grapefruits are one of the citrus fruits among others such as mandarins, oranges, limes, and lemons. This fruit is believed to be a well-known and promising source of nutrients essential for humans. A large number of peels produced from grapefruits can be processed into potential products that are known to be a good source of dietary fiber and phenolic compounds.
Grapefruit peels are a derivative of the food processing industry and can act as a great nutraceutical source. Industries are taking advantage of this knowledge and have generated another sector for grapefruit peels in food and beverages and other segments in the global market. Grapefruit peels are thus being used extensively in the food and beverage industry. They find potential applications in sectors such as bakery, confectionery, teas, and beverages including beer.
Grapefruit peels can also be candied and preserved for a longer period of time. Nutritional benefits along with the wide range of applications offered by grapefruit peels are the essential factors that are propelling the growth of the grapefruit peel market.
Consumers are becoming more and more health-conscious and are leaning more towards natural and healthy ingredients instead of conventional ones. The functional ingredient market is growing. This is also concurrently helping in the growth of the grapefruit peel market. Also, as the propensity of consumers to invest more and buy organic products is increasing, the demand for organic products is also increasing. This is leading to a growth in the sales of organic grapefruit peels.
However, rigorous government guidelines for the consumption of grapefruit by a human are likely to hinder the growth of the grapefruit market throughout the forecast period. For example, conferring to the U.S. Food & Drug Administration’s CPG Sec 510.700 Fortification of Standardized Juices, grapefruit juice-based products are alleged to be mass-produced as per the standard of identity for the unfortified juice and cannot be manufactured as per manufacturer’s product requirement.
The Asia Pacific has a prominent consumption of citrus peels, especially in the countries such as India, China, Japan, and others owing to the higher utility of citrus peels in personal and home care products. “Grapefruit” production and consumption are generally attributed to pomelo in China, which comes under the grapefruit category in other countries.
Additionally, despite being the present major grapefruit producer, China does not govern the international trade market since its domestic production is mostly used to satisfy the domestic demand for pomelo. Thus, the market for grapefruit peel is likely to witness stable growth in the coming years.
In North America, the outspreading imports of flavor-imparting nourishment and rising demand for aromatic beverages have reinforced the development and progression of the citrus peels market. In countries like U.S & Canada, the citrus peels are devoured in close-to-home care products and processed foods. Considering the above-mentioned favorable growth factors, the regional citrus peels market is expected to flourish in terms of quantity and quality in the forthcoming future.
Some of the key participants present in the global demand of the Grapefruit Peel market include Vita-Pakt Citrus Products, Yakima Valley Hops, Mountain Rose Herbs, Spices Inc., BSG CraftBrewing, Lionel Hitche, and others., among others.
In March 2021, Bayer introduced the Vynyty Citrus®, its latest biological and pheromone-based crop protection product that helps to control pests on citrus farms during the International Symposium on Horticulture in Europe.
| Report Attribute | Details |
| Growth Rate | CAGR of 6.15% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
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FMI projects the global demand of the grapefruit peel market to expand at a 6.15% value CAGR by 2032
North America is expected to be the most opportunistic Grapefruit Peel market, expanding at a ~6% CAGR
Vita-Pakt Citrus Products, Yakima Valley Hops, Mountain Rose Herbs, Spices Inc., BSG CraftBrewing, Lionel Hitche, and others., among others.
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Grapefruit Peel Market
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