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Citrus Pulp Market Size

Report ID: GMI5987
Published Date: Jun 2023
Report Format: PDF

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Citrus Pulp Market Size

Citrus Pulp Market size valued at USD 780 million in 2022 and is estimated to grow at over 5.2% CAGR from 2023 to 2032. The need for animal feed, uses in food processing, and the growing inclination towards sustainable and natural ingredients have all contributed to the consistent rise of the worldwide. Citrus pulp, a by product of the extraction of citrus juice, has drawn considerable interest because of its nutritional richness, adaptability, and affordability.

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The need for citrus pulp as an ingredient in animal feed has been a key factor in the market's expansion. Citrus pulp is a high-fiber, nutrient-rich feed alternative for cattle and poultry in light of the growing knowledge of the significance of animal nutrition. Its availability and palatability also make it a desirable option for feed manufacturers

Citrus Pulp Market Report Attributes
Report Attribute	Details
Base Year:	2022
Citrus Pulp Market Size in 2022:	USD 780 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.2%
2032 Value Projection:	USD 1.32 Billion
Historical Data for:	2018 to 2022
No. of Pages:	310
Tables, Charts & Figures:	294
Segments covered:	Product Type, Application, Source, and Region
Growth Drivers:	Increasing Demand for Animal Feed Rising Awareness of Health Benefits
Pitfalls & Challenges:	Climate Change and Weather Volatility

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Citrus pulp is used in the food processing sector to make a variety of commodities, including confectionery, beverages, bread goods, and dairy products. Its useful qualities, such as moisture retention, texturizing, and flavour enhancement, help explain why natural ingredients are becoming more and more popular. The demand for citrus pulp in food applications is further fueled by customer preferences for clean-label products and the shift to plant-based substitutes.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size was reached USD 780 million in 2022 and is estimated to reach USD 1.32 billion by 2032, owing to the product usage in animal feed and food processing, along with the growing inclination towards sustainable and natural ingredients.

The orange source segment will grow modestly through 2032, as orange citrus pulp is valued for its nutritional composition, including fiber, vitamins, and minerals.

North America market size will expand substantially during 2023 and 2032, backed by the product utilization as a natural ingredient in various food & beverage applications, including juices, smoothies, bakery goods, and sauces, to meet consumer demand for natural & clean label ingredients.

CP Kelco, Cargill, Incorporated, Fiberstar, Inc., Silvateam S.p.A., Florida Food Products, Quadra Chemicals Ltd., Herbafood Ingredients GmbH, Fiberstar Biotechnology, Inc., AGRANA Beteiligungs-AG, CEAMSA among others.