Grapefruit Peel Market

Grapefruit Peel Market Value And Growth (2023-2028):

Grapefruit Peel globally was valued at USD 4.1 billion in 2023 and is projected to grow at a CAGR of 6.1% and reach a valuation of USD 7.8 billion between 2023-2028.

Grapefruit Peel Market Overview:

Grapefruit is a citrus fruit like oranges, mandarins, and lemons. It is a promising source of nutrients and antioxidants which are essential for the well-being of humans. The peels produced from grapefruits can be converted into many potential products which are a good source of phenolic compounds and dietary fibre.  The peels are the derivative of the food processing industry and can act as a great source of nutraceuticals. Hence, the food and beverage industry is capitalizing on this knowledge and utilizing it to create a substantial market. Grapefruit peels are used in large numbers in the food and beverage industry in different sectors such as bakeries, teas and beverages, and confectionery. Grapefruit peel is used to add flavour and fragrance to various food. It is also used in the pharmaceutical industry to produce healthcare products and various drugs.

Grapefruit Peel Market Growth:

The rising awareness about the health benefits derived from the grapefruit peels and the shifting preference of consumers towards the category of herbal and organic products is driving the market for grapefruit peel globally.

REPORT COVERAGE:

Grapefruit Peel Market Drivers:

The peels can be candied and stored for a long period. The wide range of applications and the nutritional benefits derived from grapefruit peels are the significant factors propelling the growth of the market globally.

Consumers have shifted their choices and preferences towards a healthier lifestyle and have become more health-conscious than before. Consequently, they have shifted towards the consumption of natural and organic products. This in turn has boosted the grapefruit peel market concurrently. The propensity to invest in organic products is also increasing substantially, hence the consumers are investing more in buying organic products. Grapefruit peel is a functional ingredient in the food and beverage industry widely used in different segments such as bakery, confectionery etc. In addition to that, the increasing application in personal care and pharmaceutical industries is driving the market growth substantially. The ongoing research and development on grapefruit peels for developing medications for cancer and several tumours are further expected to enhance the market for grapefruit peels worldwide.

Grapefruit Peel Market Restraints:

The government has imposed rigorous guidelines on the consumption of grapefruit by a human. For instance, the U.S FDA’s fortification of standardized juices mentions that the grapefruit juice-based products are alleged to be mass-produced as per the standard of identity for the unfortified juice and cannot be produced as per the manufacturer’s requirement of the product. The government-imposed rules and regulations can hinder the growth of the grapefruit peel market.

Recent Developments in the Grapefruit Peel Market:

Bayer introduced the Vynyty Citrus which is a pheromone-based and latest biological product which protects the crop and helps to reduce pests on citrus farms.

Grapefruit Peel Market Segmentation: 

By Type Of Peel:

• Dried

• Frozen

The grapefruit peel market based on the type of peel is broadly classified into two categories namely Dried and Frozen. The dried category leads the market in this segment. The dried peel contains more fibre than the pulp. It also contains significant phytochemicals and Vitamin C providing antioxidant protection. The dried peels have a longer shelf-life as well making it the leading segment under this category.

By Formulation:

• Granules

• Powder

Based on the formulation, the grapefruit peel market can be bifurcated into Granules and Powder. The granules segment is the leading segment because of the ready to use applicability. Consumers find it easier to use for their day to day purposes. However, the powdered form is also gaining traction worldwide.

 By End-Use Industry:

• Food And Beverage Industry

• Pharmaceutical Industry

The grapefruit peel market can be segregated into two categories based on the end-use industry. They are Food And Beverage Industry and the Pharmaceutical Industry. At present, the food and beverage industry occupies the largest share of the market. The grapefruit peels are widely used in the food and beverage industry in a wide variety of segments such as the bakery and the beverage industry. They act as flavouring agents in the beverage industry. However, the pharmaceutical industry is expected to grow at a fast rate in this period owing to the rise in the application of grapefruit peels in the industry coupled with advanced research and development.

By Nature Of Production:

• Conventional

• Organic

Based on the nature of production, the grapefruit peel market can be divided into two categories namely Conventional and Organic. The conventional category is the dominant category occupying a larger market share.

Grapefruit Peel Market Regional Analysis:

• North America

  • United States

  • Canada

  • Mexico

North America is the leading market for grapefruit peels worldwide owing to the reasons of outspreading imports of nourishment imparting flavour and progressing demand for aromatic beverages. This has helped in the development and progression of the peels market in this region. In U.S and Canada, peels are consumed in close-to-home care products and processed foods. This is boosting the overall market for grapefruit peels.

• Asia-Pacific

  • China

  • Japan

  • Korea

  • India

  • Australia

  • Indonesia

  • Thailand

  • Philippines

  • Malaysia

  • Vietnam

The Asia Pacific is one of the prominent markets for Grapefruit peel, especially in countries like India, China and Japan due to the growing utility of citrus fruits in home care and personal products. China does not govern the International trade market because its domestic production is used to satisfy the domestic demand for pomelo. Thus, the market is anticipated to grow substantially in this region.

• Europe

  • Germany

  • UK

  • France

  • Italy

• South America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • UAE

  • Egypt

  • South Africa

Grapefruit Peel Market Key Players:

1. BSG CraftBrewing

2. Lionel Hitche

3. Mountain Rose Herbs

4. Spices Inc.

5. Vita-Pakt Citrus Products

6. Yakima Valley Hops

7. Martha Stewart

8. David Lebovit