Market Outlook
Growing consumer interest towards citrus oil and powder has fuelled the demand for citrus peels market over the years. Citrus peels are characterized as the processed peels acquired from the citrus fruits such as lemon, lime, tangerine, and others. As the citrus peels have high aromatic compounds which are responsible for providing unique citrus flavor and aroma, these peels of citrus fruits are utilized by various food processors. These citrus peels are further processed as essential oils and blended powder to infuse the aromatic flavors of lemon, lime, orange, tangerine, and others in the various dishes. As like as spices, herbs, and condiments, citrus peels also enhance the food products as a tasty and delicious succulent. Due to this, the demand for citrus peels has been escalating in various food and beverage processors. The citrus peels have tremendous advantages which have flourishing demand among consumers all over the world which is anticipated to drive the global citrus peels market.
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Captivating Citrus Peels Market
Along with adding delicious flavors, citrus peels also have health whelming properties due to the presence of vitamin C, potassium, vitamin B complex and other micronutrients which helps in improvising the digestive health. There is a surging demand for citrus peels which has substantial health benefits along with delicious flavor and aroma. In countries such as China, India and Japan expanding consumer inclination towards citrus peels have been gradually increasing owing to better knowledge regarding the associated health benefits. This is principally attributed to the launching innovative products with citrus peels, for example, lemon oils, zest, and others. Along with nourishing the body cells, lemon peels also find wider application in cosmetics and personal care products due to its cleansing properties which replenishes the dead skin cells. Likewise, lemon peels are gaining traction in various home care products such as cleaners and disinfectants because of its antibacterial properties which help in eliminating pathogens in households. In reference to plentiful demand and vitalizing applications, it can be anticipated that citrus peels would remain positive during the period of forecast.
Global Citrus Peels: Market Segmentation
On the basis of nature, the global Citrus Peels market has been segmented as-
- Organic
- Conventional
On the basis of fruit type, the global Citrus Peels market has been segmented as-
- Lime
- Lemon
- Orange
- Grapefruit
- Others (Tangerine, Pomelo, etc.)
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On the basis of form, the global Citrus Peels market has been segmented as-
- Powder
- Oil
On the basis of end use, the global Citrus Peels market has been segmented as-
- Food Processing
- Bakeries
- Snacks & Savories
- Others (processed meat, ice creams, etc.)
- Beverage Processing
- Alcoholic Beverages
- Non-alcoholic Beverages
- Food services
- Fertilizers
- Animal Feeds
- Home Care
- Cosmetics & Personal Care
- Others (Herbal medicine, pharmaceuticals, etc.)
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Global Citrus Peels: Key Players
Some of the key participants of global citrus peels include NOW foods Inc., Vincent Corporation, Active Concepts LLC, Cifal Herbal Private Ltd, Vee Kay International, Merck KGaA, Ultra International B.V., IRIMAR S.L., Argenti Lemon S.A, S.A. Herbal Bioactives LLP, Phyto Life Sciences P. Ltd., , Apara International, All thing Citrus, Kanegrade Ltd., RUNHERB INC, Orgenetics, Inc., etc. More industrialists and other market participants have been showing keen interests towards Citrus Peels as the demand is emerging every year.
Opportunities for Market Participants:
As a natural food ingredient, the citrus peels have thriving demand among consumers across the world in the upcoming years. Moreover, the citrus peels are increasingly utilized as fertilizers and compost in recent years which has bracing demand among the consumers. Due to agglomeration of distribution channels and well-established infrastructure in the supply chains over the years, it is anticipated that there would be remunerative returns for the product developers and other market participants of global citrus peels during the forecast period.
Global Citrus Peels: A Regional Outlook
Citrus peels are extensively used over the globe as a result of their versatile applications. Among all the regions, Asia Pacific has the prominent consumption of citrus peels especially in the countries such as India, China, Japan and others owing to higher utilities of citrus peels in personal and home care products. In the region of Europe, the citrus peels are highly used in sauces and savories to enhance the citrus flavor in the same. In North America, the extending imports of flavor-imparting sustenance and growing demand for aromatic beverages have supported the development and advancement of the citrus peels market. In Latin America and the Middle East and Africa, the citrus peels are devoured in close to home care products and processed foods. Bound to all the above favorable growth factors, the global citrus peels market is anticipated to proliferate in terms of quantity and quality in the mere future.
The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.
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