According to the research of Future Market Insights, over the projected period, the Pericarp Waste Market is expected to expand at a CAGR of 5.3%. The industry's estimated value will increase from US$ 4,303.5 million in 2023 to US$ 7,212.8 Million in 2033. The Pericarp Waste Market was worth US$ 4,134.0 million at the end of 2022.
| Market Size Value in 2023 | US$ 4,303.5 Million |
| Market Forecast Value in 2033 | US$ 7,212.8 Million |
| Global Growth Rate (2023 to 2033) | 5.3% |
| Forecast Period | 2023 to 2033 |
| Global Market Share of US, Germany, Japan, and Australia | 72.6% |
The waste product known as pericarp, which is made from the wall of the ripened ovary, is a rich source of crude protein, carbohydrates, and dietary fiber. It is made up of an exocarp, mesocarp, and endocarp. Pericarp waste is widely used in the chemical, cosmetic, pharmaceutical, and animal feed industries. Because it is environmentally friendly, it is a great substitute for chemicals and oils.
Increasing investments by the main manufacturers in Pericarp Waste Research and Development activities is one of the key factors anticipated to fuel the growth of the Pericarp Waste Market during the projected period.
The location of cultivation, raw material receipt, and processing techniques for the Pericarp waste are the factors that are anticipated to restrain market growth throughout the forecast period.
With a CAGR of 4.1% between 2018 and 2022, the global market for Pericarp Waste Market expanded from US$ 3,520.2 Million to US$ 4,134.0 Million.
The increase in pericarp waste in the fresh and processing sectors, which is turning into a significant environmental, economic, and nutritional issue, is the main factor anticipated to propel the growth of the pericarp waste market during the forecast period.
The Food and Agricultural Organization of the United States (FAO) estimates that 40 to 50 percent of vegetable and fruit waste is produced annually, which means that the industrialists will have easy and affordable access to the raw material, or pericarp waste, which is anticipated to boost the market growth.
The pericarp waste bio-economy technique has a beneficial effect on the nation's economy. This is yet another important element that will help the Pericarp Waste Market expand over the course of the forecast year.
With a high CAGR of 5.3% over the projected period, it is expected that the global Pericarp Waste Market would increase from US$ 4,303.5 Million in 2023 to US$ 7,212.8 Million by 2033.
Due to the increase in consumer demand for organic, Future Market Insights predicts that North America will grow at a profitable pace during the forecast period.
Another important aspect that is anticipated to speed up market growth in the region in the future years is new growth potential from the expanding Food & Beverage sector in the US, along with the nation's high production of fruits and vegetables.
The market for pericarp waste in Europe is an emerging one. As the world seeks to reduce its reliance on fossil fuels, it is increasingly turning to waste products from crops and other organic materials as a source of renewable energy. This has led to increased demand for the use of pericarp waste, which is the outer layer of fruits like olives and grapes. In recent years, Europe has seen a steady increase in the number of companies that are investing in new technologies to make use of this type of biomass waste for energy generation.
In addition, European governments have been offering incentives for businesses and individuals who invest in these technologies, thereby further driving growth. This has resulted in an increasing amount of investment into research and development projects related to pericarp waste utilization.
The population's growing awareness of global sustainability and the increased spoiling ability of fruits and vegetables have sparked demand for the pericarp waste industry. A third of all food produced worldwide, according to the Food and Agriculture Organization of the United Nations (FMO), is produced in the Asia-Pacific region. During the anticipated period, this aspect is anticipated to drive the growth of the regional market.
Local governments in the Asia Pacific area are also supporting environmentally friendly goods, which is anticipated to accelerate market growth in the years to come.
Pericarp waste, which is the outer layer of fruits and vegetables, has become a valuable resource for cosmetic manufacturers due to its rich nutrient content. Specifically, the waste contains high levels of Vitamin C and other antioxidants that can help protect the skin from oxidative damage. As such, many cosmetics have been developed using pericarp waste as an ingredient.
The use of pericarp in cosmetics offers numerous benefits. Because it is a natural source of nutrients, it can be used to nourish and hydrate the skin without the need for synthetic chemicals or preservatives. Furthermore, it helps provide protection against environmental pollutants that can cause premature signs of aging. Additionally, its antioxidant properties may help reduce wrinkles and fine lines. Finally, because pericarp is a renewable resource, it is more sustainable than other ingredients commonly used in cosmetics production.
The primary benefit of using pericarp waste for making dietary supplements is that it contains a variety of nutrients and antioxidants, which can support healthy living. Studies have shown that consuming pericarp extract from fruits like pomegranates or oranges could help in reducing oxidative stress, while also providing other benefits such as boosting immunity and improving cardiovascular health. In addition, these extracts also contain polyphenols and anthocyanins which may help improve digestion and reduce inflammation.
Moreover, pericarp waste can also be used to make natural alternatives to synthetic vitamins and minerals.
The global market for pericarp waste is highly competitive with a large number of companies offering products and services. Many of these companies have established themselves as major players in the industry, with their success driven by innovative technologies, aggressive marketing strategies, and strong customer relations. As such, understanding the competitive landscape is essential for any business looking to enter or expand in this burgeoning field.
Leading players in the market include Pericarp Waste Solutions Inc., Green Earth Technologies Corporation, and Agro-Pericarps Ltd. These companies offer a wide range of solutions designed to reduce environmental impact while increasing efficiency and cost savings. For instance, Pericarp Waste Solutions Inc. has developed patented technology that enables the efficient extraction of valuable materials from pericarp waste streams at an industrial scale.
| Attribute | Details |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Segments Covered |
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| Key Companies Profiled |
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| Report Coverage | DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Pericarp Waste market will reach nearly US$ 4,303.5 Million by 2023.
The Pericarp Waste market is expected to rise at a CAGR of 5.3%.
The US, Canada, Mexico, Argentina, Brazil, Germany, the UK, France, Turkey, Italy, Russia, Spain China, Japan, India, Indonesia, South Korea, and Australia are the major countries driving the demand for the Pericarp Waste market.
The China Pericarp Waste market will grow at 4.5% CAGR between 2023 and 2033.
The India Pericarp Waste market will grow at 3.5% CAGR between 2023 and 2033.
The UK Pericarp Waste market will grow at 4.4% CAGR between 2023 and 2033.
• Pericarp Waste Solutions Inc. • Green Earth Technologies Corporation • Agro-Pericarps Ltd. • Kerala Agro Industries Corporation, Ltd. • Favini S.r.l
The global demand for the Pericarp Waste market is forecasted to surpass US$ 7,212.8 Million by the year 2033.
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Pericarp Waste Market
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