Pericarp Waste Market

Pericarp Waste Market Overview

Global Pericarp Waste Market demand is anticipated to be valued at US$ 2.6 Billion in 2022, forecast to grow at a CAGR of 5.4% to be valued at US$ 4.4 Billion from 2022 to 2032. The growth of the Pericarp Waste Market is attributed to its global utilization across the Food & Beverage industry.

Pericarp waste is a rich source of crude protein, carbohydrate, and dietary fiber that is formed from the wall of the ripened ovary. It consists of endocarp, mesocarp, exocarp. Pericarp waste is popular for its number uses in cosmetics, health care, animal feed, and chemical companies. It is an excellent alternative for oils and chemicals because of its environmentally sustainable nature.

Asia Pacific is considered to be a dominant region for the Pericarp Waste Market, owing to the increasing food & beverages sector in the region.

The major factor that is expected to propel the growth of the Pericarp Waste Market during the forecast period includes increasing investments by the major manufacturers for carrying out R&D activities in the field of Pericarp Waste.

The factor that is expected to hinder the growth of the Pericarp waste market during the forecast period includes the location of cultivation and receive raw materials and processing methods used for the Pericarp waste

Which are Some Prominent Drivers Spearheading Pericarp Waste Market Growth?

The major factor that is expected to drive the growth of Pericarp Waste Market during the forecast period includes the increasing pericarp waste in fresh and processing industries, which is becoming a major environmental, economic and nutritional issue.

According, to the Food and Agricultural Organization of United States (FAO) 40-50 % of vegetable and fruit waste are produced every year, which means that the raw product i.e. the pericarp waste will be easily and cost-effectively available to the industrialists, which in turn is expected to augment the market growth.

The bio-economy approach of pericarp waste has a useful impact on the economy of the country. This is another major factor that favors the growth of the Pericarp Waste Market during the forecast period.

What are the Challenges Faced by the Pericarp Waste Industry?

The major factor that is expected to hamper the growth of the Pericarp Waste Market during the forecast period includes the location of cultivation and receive raw materials and processing methods used for the Pericarp waste.

In addition, lack of technological innovation for Pericarp waste processing into functional food is another factor that is expected to hinder the market growth during the forecast period.

How is Asia Pacific emerging as an Opportunistic Pericarp Waste Market?

The increased spoilable of fruits and vegetables and the growing awareness of global sustainability among the population have led to initiate the demand for the pericarp waste market. According, to the United Nations of food and Agriculture Organization (FMO), about one – third of the food produced is in the Asia Pacific region. This factor is expected to fuel the regional market growth during the forecast period.

In addition, the local governments in the Asia Pacific region are promoting environmentally sustainable products, which in turn is expected to augment the market growth in the forthcoming years. Additionally, Asia Pacific Pericarp Waste Market is expected to expand at a 4% CAGR during the forecast period.

Nandini Roy Choudhury

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

How is North America Contributing to Growth of the Pericarp Waste Market?

According to Future Market Insights, North America is anticipated to witness growth at a lucrative rate over the forecast period, owing to the shift of people’s preference towards organic.

Further, new growth opportunities from the growing Food & Beverages sector in the US, coupled with high production of fruits and vegetables in the country is another major factor that is expected to accelerate the market growth in the region in the forthcoming years.

Market Competition

Some of the key participants present in the global Pericarp Waste Market include Kerala Agro Industries Corporation, Ltd. and Favini S.r.l among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Kerala Agro Industries Corporation, Ltd. and Favini S.r.l account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Sign-Up

Report Scope

Key Segments Profiled in the Pericarp Waste Industry Survey

Nature:

• Organic Pericarp Waste
• Conventional Pericarp Waste

Fruit:

• Avocado Apple Pericarp Waste
• Apple Pericarp Waste
• Mangosteen Pericarp Waste
• Litchi Pericarp Waste
• Apple Pericarp Waste
• Papaya Pericarp Waste
• Pineapple Pericarp Waste
• Mandarins Pericarp Waste
• Jackfruit Pericarp Waste
• Mango Pericarp Waste
• Longan Pericarp Waste
• Palm Pericarp Waste

Product:

• Pericarp Waste Cosmetics
• Pericarp Waste Medicines
• Pericarp Waste Biofuels
• Pericarp Waste Dietary Supplements
• Pericarp Waste Animal Feed

Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa