Citrus Pulp Pellets Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Citrus Pulp Pellets Market
The citrus pulp pellets market size was valued at USD 670.1 million in 2020, and the market is now projected to grow from USD 689.5 million in 2021 to USD 858.4 million by 2028, exhibiting a CAGR of 3.18% during the forecast period of 2021-2028.
The COVID-19 pandemic affected key input markets such as equipment and feed production for the entire livestock farming supply chain, especially countries in North America and Europe where most of the ingredients are imported from the Asia Pacific region. Due to the enforced lockdowns the demand for feed products used for livestock i.e. citrus-based pellets experienced a drop. But, the desire of people to get back into normalcy post pandemonium is likely to boost the economic activity hence lifting the demand for dairy and meat products hence fruits pulp pellets.
Products from agro-based industrial wastes such as citrus pulp pellets are becoming popular because they are cheaper as opposed to the commercial feeds. These pellets provide good fiber levels, which help in development, reproduction, and wellbeing of livestock. According to the authors, their ability to absorb water in larger measures and in brief periods make them suitable for animal consumption. On the same note, citrus fruits also contain phytonutrients such as carotenoids, flavonoids, polyphenols among them hence making them a product with a high nutritional value contributing to demand citrus pulp pellets.
Asian pigs have a strong demand for citrus pulp pellets because the product is a rich source of nutrients and has a high carbohydrate level, which propels the market growth. The increase in consumption of organic food and dairy has led to increase in provision of enhanced diets to livestock. The high vitamin, phylogenetic and fiber content in the pellets lower the attractions for livestock, poultry, and other animals. Therefore, the usage of citrus-based pellets is on the rise especially with the environmentally friendly and, healthy farming practices.
Comprehensive Analysis of Citrus Pulp Pellets Market
The citrus pulp pellets market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by form analysis and by application analysis. By form analysis include orange-based, grapefruit-based, and others. By application analysis include swine feed, dairy feed, and others.
The North America region lead the citrus pulp pellets market share by benefitting a market size of USD 143.8 million in 2020 due to increasing awareness regarding livestock nutrition.
The top players in the markets have a central responsibility in the agriculture industry to be sure of industrial prospectus development and to establish the market norms. These players include, Louis Dreyfus Citrus, Furst-McNess Company, LaBudde Group Inc., Suwannee Valley Feeds LLC, KW Alternative Feeds, Cefetra Group, Lhoist, Citrosuco North America, Inc., Citrus Products of Belize Limited (CPBL) these market players provide a level-playing competitive landscape.
In December 2017, Furst-McNess Company acquired Big Gain Wisconsin LLC to strengthen its position in serving livestock producers in Wisconsin and other Midwestern states.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Estimated Year
2021
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD million)
By Form
Orange-based
Grapefruit-based
Others
By Application
Swine Feed
Dairy Feed
Others
By Geography
North America (By Form, Application, and Country)
- U.S. (By Form)
- Canada (By Form)
- Mexico (By Form)
- Germany (By Form)
- U.K. (By Form)
- Russia (By Form)
- France (By Form)
- Italy (By Form)
- Rest of Europe (By Form)
- China (By Form)
- India (By Form)
- Australia (By Form)
- Japan (By Form)
- Rest of Asia Pacific (By Form)
- Brazil (By Form)
- Argentina (By Form)
- Rest of South America (By Form)
- South Africa (By Form)
- Turkey (By Form)
- Rest of ME&A (By Form)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview on the Parent Market
- 4.2. Supply Chain Analysis
- 4.3. Industry SWOT Analysis
- 4.4. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
- 4.5. Market Analysis and Insights (in Relation with COVID-19)
- 4.5.1. Impact of COVID-19 on the Market
- 4.5.2. Supply Chain Challenges due to the Pandemic
- 4.5.3. Potential Opportunities Due to COVID-19
- 5. Global Citrus Pulp Pellets Market Analysis, Insights and Forecast, 2017-2028
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Form (Value)
- 5.2.1.1. Orange-based
- 5.2.1.2. Grapefruit-based
- 5.2.1.3. Others
- 5.2.2. By Application (Value)
- 5.2.2.1. Swine Feed
- 5.2.2.2. Dairy Feed
- 5.2.2.3. Others
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Citrus Pulp Pellets Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Form (Value)
- 6.2.1.1. Orange-based
- 6.2.1.2. Grapefruit-based
- 6.2.1.3. Others
- 6.2.2. By Application (Value)
- 6.2.2.1. Swine Feed
- 6.2.2.2. Dairy Feed
- 6.2.2.3. Others
- 6.2.3. By Country (Value)
- 6.2.3.1. The U.S.
- 6.2.3.1.1. By Form (Value)
- 6.2.3.1.1.1. Orange-based
- 6.2.3.1.1.2. Grapefruit-based
- 6.2.3.1.1.3. Others
- 6.2.3.2. Canada
- 6.2.3.2.1. By Form (Value)
- 6.2.3.2.1.1. Orange-based
- 6.2.3.2.1.2. Grapefruit-based
- 6.2.3.2.1.3. Others
- 6.2.3.3. Mexico
- 6.2.3.3.1. By Form (Value)
- 6.2.3.3.1.1. Orange-based
- 6.2.3.3.1.2. Grapefruit-based
- 6.2.3.3.1.3. Others
- 7. Europe Citrus Pulp Pellets Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Form (Value)
- 7.2.1.1. Orange-based
- 7.2.1.2. Grapefruit-based
- 7.2.1.3. Others
- 7.2.2. By Application (Value)
- 7.2.2.1. Swine Feed
- 7.2.2.2. Dairy Feed
- 7.2.2.3. Others
- 7.2.3. By Country (Value)
- 7.2.3.1. The U.K.
- 7.2.3.1.1. By Form (Value)
- 7.2.3.1.1.1. Orange-based
- 7.2.3.1.1.2. Grapefruit-based
- 7.2.3.1.1.3. Others
- 7.2.3.2. France
- 7.2.3.2.1. By Form (Value)
- 7.2.3.2.1.1. Orange-based
- 7.2.3.2.1.2. Grapefruit-based
- 7.2.3.2.1.3. Others
- 7.2.3.3. Italy
- 7.2.3.3.1. By Form (Value)
- 7.2.3.3.1.1. Orange-based
- 7.2.3.3.1.2. Grapefruit-based
- 7.2.3.3.1.3. Others
- 7.2.3.4. Germany
- 7.2.3.4.1. By Form (Value)
- 7.2.3.4.1.1. Orange-based
- 7.2.3.4.1.2. Grapefruit-based
- 7.2.3.4.1.3. Others
- 7.2.3.5. Spain
- 7.2.3.5.1. By Form (Value)
- 7.2.3.5.1.1. Orange-based
- 7.2.3.5.1.2. Grapefruit-based
- 7.2.3.5.1.3. Others
- 7.2.3.6. Rest of Europe
- 7.2.3.6.1. By Form (Value)
- 7.2.3.6.1.1. Orange-based
- 7.2.3.6.1.2. Grapefruit-based
- 7.2.3.6.1.3. Others
- 8. Asia Pacific Citrus Pulp Pellets Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.1.1. By Form (Value)
- 8.1.1.1. Orange-based
- 8.1.1.2. Grapefruit-based
- 8.1.1.3. Others
- 8.1.2. By Application (Value)
- 8.1.2.1. Swine Feed
- 8.1.2.2. Dairy Feed
- 8.1.2.3. Others
- 8.1.3. By Country (Value)
- 8.1.3.1. China
- 8.1.3.1.1. By Form (Value)
- 8.1.3.1.1.1. Orange-based
- 8.1.3.1.1.2. Grapefruit-based
- 8.1.3.1.1.3. Others
- 8.1.3.2. India
- 8.1.3.2.1. By Form (Value)
- 8.1.3.2.1.1. Orange-based
- 8.1.3.2.1.2. Grapefruit-based
- 8.1.3.2.1.3. Others
- 8.1.3.3. Japan
- 8.1.3.3.1. By Form (Value)
- 8.1.3.3.1.1. Orange-based
- 8.1.3.3.1.2. Grapefruit-based
- 8.1.3.3.1.3. Others
- 8.1.3.4. Australia
- 8.1.3.4.1. By Form (Value)
- 8.1.3.4.1.1. Orange-based
- 8.1.3.4.1.2. Grapefruit-based
- 8.1.3.4.1.3. Others
- 8.1.3.4.2. By Form (Value)
- 8.1.3.4.2.1. Orange-based
- 8.1.3.4.2.2. Grapefruit-based
- 8.1.3.4.2.3. Others
- 9. South America Citrus Pulp Pellets Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.1.1. By Form (Value)
- 9.1.1.1. Orange-based
- 9.1.1.2. Grapefruit-based
- 9.1.1.3. Others
- 9.1.2. By Application (Value)
- 9.1.2.1. Swine Feed
- 9.1.2.2. Dairy Feed
- 9.1.2.3. Others
- 9.1.3. By Country (Value)
- 9.1.3.1. Brazil
- 9.1.3.1.1. By Form (Value)
- 9.1.3.1.1.1. Orange-based
- 9.1.3.1.1.2. Grapefruit-based
- 9.1.3.1.1.3. Others
- 9.1.3.2. Argentina
- 9.1.3.2.1. By Form (Value)
- 9.1.3.2.1.1. Orange-based
- 9.1.3.2.1.2. Grapefruit-based
- 9.1.3.2.1.3. Others
- 9.1.3.3. Rest of South America
- 9.1.3.3.1. By Form (Value)
- 9.1.3.3.1.1. Orange-based
- 9.1.3.3.1.2. Grapefruit-based
- 9.1.3.3.1.3. Others
- 10. Middle East and Africa Citrus Pulp Pellets Market Analysis, Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.1.1. By Form (Value)
- 10.1.1.1. Orange-based
- 10.1.1.2. Grapefruit-based
- 10.1.1.3. Others
- 10.1.2. By Application (Value)
- 10.1.2.1. Swine Feed
- 10.1.2.2. Dairy Feed
- 10.1.2.3. Others
- 10.1.3. By Country (Value)
- 10.1.3.1. South Africa
- 10.1.3.1.1. By Form (Value)
- 10.1.3.1.1.1. Orange-based
- 10.1.3.1.1.2. Grapefruit-based
- 10.1.3.1.1.3. Others
- 10.1.3.2. UAE
- 10.1.3.2.1. By Form (Value)
- 10.1.3.2.1.1. Orange-based
- 10.1.3.2.1.2. Grapefruit-based
- 10.1.3.2.1.3. Others
- 10.1.3.3. Rest of ME&A
- 10.1.3.3.1. By Form (Value)
- 10.1.3.3.1.1. Orange-based
- 10.1.3.3.1.2. Grapefruit-based
- 10.1.3.3.1.3. Others
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Citrus Pulp Pellets Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Louis Dreyfus Citrus
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Form Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Furst-McNess Company
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Form Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. LaBudde Group Inc.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Form Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Suwannee Valley Feeds LLC
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Form Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. KW Alternative Feeds
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Form Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Cefetra Group
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Form Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Lhoist
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Form Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Citrosuco North America, Inc.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Form Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Citrus Products of Belize Limited
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Form Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 13. Strategic Recommendations
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