Global Fruit Peels Market - 2022-2029

Global Fruit Peels Market - 2022-2029

Market Overview

The global fruit peels market is valued at USD XX million in 2021 and is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Fruit peel, often known as fruit skin, is the fruit's exterior protective layer. The skin of some tough-layered fruits, such as pomegranate, passion fruit, mangosteen, and others, is referred to as the rind, but the skin of citrus fruits, such as oranges, is referred to as the peel. Apart from shielding the edible area of the fruit from harsh environmental elements and micro and macro organisms, it also contains important health-beneficial constituents like dietary fibre and phytonutrients that aid general wellness. Fruit peels are rich in fiber and vital nutrients such as Vitamin A, which is necessary for vision, skin, hair, and Vitamin C, important for establishing a healthy immune system. Their application in pharmaceuticals has contributed to favorable market growth.

It also has a low glycemic index, which means it doesn't raise blood sugar levels after eating and is therefore preferred by diabetic people, resulting in significant market growth.

Market Dynamics:

As people become more aware of the health advantages of fruit peels driving the market

The fruit peel contains various essential nutrients and non-starch substances that are beneficial to one's health and well-being. Some common fruits, such as blueberries, grapes, guava, and a kumquat, have more anti-oxidants in their peels than in their meat, such as anthocyanin pigments and tannins and catechins; fruit peels that are blue or purple are high in anthocyanidin glycosides. In contrast, yellow fruits contain xanthin, carotenes, and lutein pigments. Most of these pigments are found just beneath the skin's outer layer. Rough dietary fibers, also known as NSP (non-starch polysaccharides), are abundant in the peel, such as hemicellulose, pectin, tannins, gum, and others. These substances provide weight to the diet and reduce gastro-intestinal transit time, which helps to prevent constipation. They also attach to toxic compounds in food, protecting them from exposure to the stomach mucus membrane and reducing the risk of colon cancer.

Furthermore, dietary fibers bind to bile salts (which are formed from cholesterol) and help remove them from the gut, lowering serum LDL cholesterol levels. Peel is cholesterol-free and minimal in calories, sugar, and lipids. It helps reduce overall calorie intake by adding bulk to the diet.

Additionally, increased application in biotechnology is driving market growth in the use of fruit peel in various applications; increased demand for organic, enhanced taste, flavor, and aromatic processed foods and an increase in per capita income are expected drive the Fruit Peel market. On the other hand, Fruit peel is safe to eat, but some elements, such as some of its plant proteins having a structure that is similar to latex protein, might cause skin allergies and reactions in certain people. Purple passion fruit peel includes cyanogenic glycoside, a molecule that mixes with enzymes to generate the poison cyanide and other poisons impeding the market growth.

Market Segmentation:

Citrus fruit segment is dominating the market during the forecast period

Citrus is a significant economic fruit in Egypt, but its peel is also a major source of agricultural trash. This garbage poses numerous economic and environmental issues due to its fermentation. Citrus species' peel waste is high in bioactive substances such as essential oils, flavones, polyphenols, and pigment. Citrus peel is commonly used in the pharmaceutical business. Citrus discarded peels are a good source of pharmacologically active metabolites with antioxidant properties. Anticancer components in citrus trash include limonoids and flavonoids. Hesperidin, naringin, narirutin, and neohesperidin are the most prevalent citrus flavonoids, also known as flavanones, and these chemicals are antioxidative anticancer anti-inflammatory and cardiovascular protective properties. Furthermore, hamsters' cholesterol levels were lowered by 32 to 40% when naringin and hesperidin were consumed.

The pharmaceutical industry dominates the market. Because of its antioxidant properties, passion fruit peel aids in the treatment of lung disease. In one experiment, mice injected with pulmonary fibrosis, a kind of lung illness, showed higher amounts of inflammatory cells, macrophages, lymphocytes, and neutrophils. The study found that giving passion fruit peel and extracts reduces the amount of bleomycin-induced by the fruit's antioxidant and anti-inflammatory properties, while the food and beverage segment has seen increased growth rates due to the increased use of passion fruit peel juice and beverages as a supplement.

Geographical Penetration:

North America is dominating region during the forecast period

Due to an increase in demand for fruit peel, the market in North America and Europe is expected to grow the most during the forecast period Growth in industrial growth and increased consumer awareness of the use of p fruit peel for skincare and wellness has proven to be the most advantageous for the market development of the region. The United States, Canada, and Mexico are the top three countries in terms of consumption and imports. Passion fruit peel is in high demand in Europe, where it is used in pharmaceuticals to treat various chronic illnesses. Because of the increased use of passion fruit peel in skincare & cosmetics as well as in the food industry for Rising demand for healthy, nutritious, functional, and processed food due to changes in lifestyle & elevated per capita income of consumers, Asia Pacific and South America are expected to account for the fastest-growing regions in the market during the forecast period. The autoxidation characteristics of passion fruit peel helps to reduce acidity problems. India, Japan, China, and India are the countries that contribute the most to the region's market expansion. Beverage consumption is high in South America, particularly among the young population.The most significant contributors to the region's market growth were France, England, and Germany

Competitive Landscape:

The global fruit peel market is fragmented. The global fruit peel market is competitive and comprises numerous regional and international competitors. Players are also extensively focusing on providing consumers with innovative offerings while including functional benefits in their products. Furthermore, while engaging the consumers with innovation and expansion strategies, key players capitalize on the market revenue. Consumers may be hesitant to eat certain peels uncooked, but brands can provide more pleasant alternatives, like pickles, condiments, and snacks. Processors are attempting to reduce waste from by-products, but their solutions are focused on animal feed, composting, anaerobic digestion (to produce biogas), incineration, and landfill. While research into harvesting important nutrients from waste or upcycling them is still ongoing, a few companies have achieved breakthroughs in this area. Renewal Mill, for instance, transforms okara, a pulpy waste of soymilk production, into nutrient-dense flour and biscuits

COVID-19 Impact:

Positive impact on the global fruit peels market

The pandemic has accelerated an already growing trend of health awareness in public. People are looking for food and beverages that can boost immunity and decrease the chances of contracting the virus. The COVID-19 pandemic has put unprecedented strains on food supply networks, resulting in bottlenecks in farm labor, processing, transportation, and logistics, as well as significant demand fluctuations. The majority of these snarls result from policies enacted to stop the virus from spreading. Stockpiling behavior faded, supply networks adjusted to growing demand, grocery store shelves were restocked over time. COVID-19 has caused problems in the food and beverages, which have been impacted by social distance rules, sickness-related labor shortages, and lockdown procedures to stop the virus from spreading.

Appropriate social distancing measures may compromise operational efficiency in restricted locations, such as fruit and vegetable packing plants or meat processing plants, and adequate staff protections are required. Many businesses have also reported high rates of employee absences; for example, workforce availability in French meat processing plants in the COVID-19-affected regions was reduced by up to 30%.

Why Purchase the Report?

Understand the current market scenario and viability of global fruit peels market over the forecast period

Visualize the composition of the global fruit peels market in terms of t type, and application to identify major players, growth potential, and market strategies

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the Global Fruit Peels Market – Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The Global Fruit Peels Market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

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