Citrus Pulp Pellets Market

According to Stratistics MRC, the Global Citrus Pulp Pellets Market is accounted for $741.32 billion in 2022 and is expected to reach $1003.7 billion by 2028 growing at a CAGR of 5.18% during the forecast period. Citrus pulp pellets are dried out forms of feed manufactured from left over peel and seeds of citrus fruits like orange, grapefruits, and others. These left over forms of feed are commonly obtainable in the variety of bags or bulk supplies. Citrus pulp pellets wrapping involve low concentration as well as moisture as superior levels of humidity and moisture encourage tick invasion and superiority corrosion. These pulp pellets are mainly inspired animal feed commodities and subsequent in line after corn pellets. Its ever-increasing utilization among end users and the growing citrus fruit production transversely numerous regions produce a great market for manufacturers plus retailers.

According to the USDA, the cultivation of citrus fruits has fallen significantly across Latin America, North America, Europe, and some regions of Africa owing to weather related problems during 2019-2020.



Market Dynamics:

Driver:

High Energy Content with High Rate of Water Absorption

A regular move in the direction of agro based industrial by goods such as feedstuffs/feed ingredients is in advance additional recognition than the predictable type. Agro-based feedstuffs are painstaking more cost-effective in nature in contrast to their corresponding items. Citrus based pulp pellets have a soaring level of fiber content to meet the nutrients necessary for growth, reproduction, along with maintenance of health. Owing to the high substance of fiber, the water absorption capacities of the product also raise. Because livestock have a preference to drink water in small burst, the water-holding capability of these pellets is supreme. Furthermore, high phytonutrients, such as carotenoids, flavonoids, and polyphones, in citrus fruits accomplish the dietary need, therefore increasing the demand for citrus pulp pellets.

Restraint:

Short Life Cycle of the Product Due to High Moisture

Profit-making obstruction to the increasing demand for citrus pulp pellets comprise changeable composition surrounded by agro-based industrial goods, small manufactured goods life spans, and limited accessibility of raw materials for production. The survival of high altitude of moisture content acts as a restrictive factor to the market growth as it shortens the product lifecycle. Moreover, the high competition from its opponent products such as corn pellets and the growth of toxins like aflatoxins additional hinder the market growth.

Opportunity:

Increasing Livestock Count and Requirement for Nutritional Diet

The mounting calculation of stock for individual as well manufacturing utilization in different forms has developed speedily throughout the preceding period. The count for stock is increasing owing to more than a few unpreserved products being served by the livestock industry. Services and unpreserved food and beverages products such as meat, dairy are having high demand crosswise the globe. Furthermore, owing to the intensifying human population and to accomplish the requirements, livestock numbers are escalating and are anticipated to keep growing throughout the forecast period.

Threat:

Gain greater attention in the food and beverage sector

As citrus pulps maintain to gain greater attention in food and beverage area, the manufacturing is facing hindrance as players in the market thrust to level up operations. The market is suffering with a prominent invasion of pollutants and imitation products, due to negligent regulations, chiefly are relevant to organic a citrus yield, which is holding back productivity for many market players across the world.

Covid-19 Impact

The COVID-19 pandemics have exaggerated the supply chain of contribution for livestock farming and the deal of end products. As the pandemic has resulted in the lockdown of countries' borders, the demand for livestock healthy feed products, including citrus-based pellets, are slowly declined during the precedent few months. Though, the revival of the country in the post-COVID-19 period, on the other hand, is anticipated to encourage demand for dairy and meat products, which encourage the development of the citrus pup pellets industry.

The swine feed segment is expected to be the largest during the forecast period

Based on product type, the market is classified into Dairy Feed, Swine Feed and others. Citrus pulp pellets are extensively utilized for swine feed due to its better-quality nutritional possessions. They are prosperous in fibers and vitamins. As well, it is a high-quality foundation of healthy nutrients, which is helpful in getting better livestock health. It is projected that the swine feed segment will grow considerably in the upcoming years. Citrus pulp pellet accounts for major share in dairy rations in the citrus-rising areas as it is additional financial benefit and very edible feed.

The orange-based citrus pulp pellets segment is expected to have the highest CAGR during the forecast period

By application segment, it is divided into Grapefruit-based Citrus Pulp Pellets and Orange-based Citrus Pulp Pellets. The orange-based pulp pellets segment captures for the most important CAGR owing to the rising reputation among livestock feed owners and high accessibility of raw material. Its better nutrition properties make it an outstanding substitute in swine feed and dairy feed. Constant improvement in this market and product expansion to add supplementary nutritious value may hold up the market growth.

Region with highest share:

Asia pacific region estimated to hold the largest share during the forecast period. Due to a noticeably high livestock population contrast to the others regions. Several emerging countries force drive the growth of this market owing to increasing awareness regarding livestock nutrition, increasing per capita income, and several other factors.

Region with highest CAGR:

The Europe market is projected to grow at a CAGR during the forecast period owing to the growing popularity of animal nutrition in livestock farming.

Key players in the market

Some of the key players profiled in the Market include Citrus Products of Belize Limited, LaBudde Group Inc., Furst-McNess Company, Citrosuco North America, Inc., SAF Feed and Food, Louis Dreyfus Citrus, KW Alternative Feeds, Lhoist, Cefetra Group, Suwannee Valley Feeds LLC.

Key Developments:

December 2017: Furst-McNess Company acquired Big Gain Wisconsin LLC, based out of Lodi, Wisconsin. The agreement joins two already strong livestock feed and nutrition companies into one that will be better suited to serve the needs of the livestock producers in Wisconsin and other Midwestern states of the United States.

Products Type Covered:
• Dairy Feed
• Swine Feed

Applications Covered:
• Grapefruit-based Citrus Pulp Pellets
• Orange-based Citrus Pulp Pellets

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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