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.

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.)

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.)

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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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