As per this study the Global Grapefruit Peel Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Grapefruit is citrus fruit like orange, lemon, and mandarins. Grapefruit, as well as its peel, is a known source of essential nutrients like,soluble fiber, essential oil, vitamin C and various antioxidants. It has more fiber than the pulp, hence it is used in producing potential products such as tea, oil, steak, candy and powder, which are known to be a good source of dietary fiber and phenolic compounds. In addition, Grapefruit peel extract is used in food and beverages industry for adding flavor and fragrance in various food, also it’s a major ingredient in pthe harmaceutical industry as healthcare products and for producing drugs.
The rising awareness among consumers about the health benefits of grapefruit peel and shifting preference towards the herbal and organic products is a driver for market growth. The growing use of grapefruit peel as a functional ingredient is also driving the demand of grapefruit peel. In addition, increasing applications in food and beverages, personal care and pharmaceutical industries are again boosting the demand of grapefruit peel. Also, ongoing R&D on grapefruit peel for cancer medication and several tumors is expected to drive the demand in upcoming years.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of grapefruit peel.
The broad grapefruit peel market has been sub-grouped into type of peel, nature of production, formulation, and end-use industry. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type Of Peel
By Nature Of Production
By End-Use Industry
- Food And Beverage Industry Applications
- Pharmaceutical Industry Applications
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for grapefruit peel in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Grapefruit Peel Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the grapefruit peel market include BSG CraftBrewing, Lionel Hitche, Mountain Rose Herbs, Spices Inc., Vita-Pakt Citrus Products, Yakima Valley Hops, and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.