Pericarp Waste Market Outlook
Pericarp waste 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. The diversified end uses and the developmental stage of pericarp’s waste market holds immense hidden opportunities for the industrial giants.
The Increase in Awareness of Waste Management Drives and Opens New Pathway for Pericarp Waste Market
The increasing pericarp waste in fresh and processing industries is becoming a major environmental, economic and nutritional issue and is anticipated to serve as the major driver for the pericarp waste market. 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. Also, the bio-economy approach of pericarp waste has a useful impact on the economy of the country.
According to the Nutritional Business Journal, the U.S. sales of organic food increased by 4% from 2012 to 2014 making a profit of $35 billion. The increase in awareness of global sustainability has changed the consumer’s perception. Now, the consumers are trying to incorporate everything organic in their livelihood as well as in their diets. And, in such a scenario the launching of products that have used this pericarp waste as their active ingredient would be blissful. Pericarp waste has bioactive components in them which promotes good health, prevent cancer and helps in other diseases. Then the oil extracted from them can be used to in making of cosmetics, medicines and other dietary supplements. The pericarp waste provides an alternative for fuel that is biofuel which is further used to make bioethanol. The multiple uses and the organic nature of pericarp waste are expected to serve as efficient drivers for its market.
It’s recyclable and easily biodegradable nature has helped it to hit the trends hard. Also, it’s utility in making animal feed has helped to grow its market in a much-diversified nature. Hence, the extended application in the number of end-use industries has increased its opportunities in the market.
Pericarp waste Market: Regional Analysis
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. Also, the local governments in these regions are promoting an environmentally sustainable product. So, pericarp waste has effective potential in these regions.
The majority of American adults are shifting towards organic preference, especially in North America, South America, and Europe where the production of fruits and vegetables is very high.
Pericarp waste market: Key Participants
- Kerala Agro Industries Corporation, Ltd
- Favini Srl
Favini has found a way to develop high-quality ecological Crush Coffee paper, from the pericarp waste of coffee that is the silverskin attached to the coffee seed. It has replaced 15% of the tree cellulose. Thus an, ecologically sustainable product has been innovated.
The research report presents a comprehensive assessment of the pericarp waste market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as nature, fruit and products.
The report covers exhaustive analysis on:
- Pericarp waste Market Segments
- Market Dynamics
- Market Size
- Supply and Demand
- Current Trends/Issues/Challenges pertaining to pericarp waste market
- Competition Landscape and Emerging Market Participants in diet pericarp waste market
- Technology related to Production/Processing of pericarp waste
- Value Chain Analysis of the pericarp waste market
The regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on pericarp waste market segments and geographies.
Pericarp Waste Market Segmentation
Pericarp waste market can be segmented based on nature, flavor, products and sales channel:
Pericarp waste market can be segmented based on nature as:
Pericarp waste market can be segmented based on fruit as:
- Avocado Apple
Pericarp waste market can be segmented based on products:
- Dietary Supplements
- Animal feed
- Detailed overview of parent market
- Changing dynamics of the pericarp waste market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the pericarp waste market
- Competitive landscape of the pericarp waste market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on pericarp waste market performance
- Must-have information for pericarp waste market players to sustain and enhance their market footprint
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