Global Citrus Pulp Pellets Market Size to Exceed USD 1027.43 Million by 2033: Market Insight Report

Global Citrus Pulp Pellets Market Size to Exceed USD 1027.43 Million by 2033 

According to a research report published by Spherical Insights & Consulting, the Global Citrus Pulp Pellets Market Size is Expected to Grow from USD 681.15 Million in 2023 to USD 1027.43 Million by 2033, at a CAGR of 4.20% during the forecast period 2023-2033. 

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Citrus Pulp Pellets Market Size, Share, and COVID-19 Impact Analysis, By Form (Orange-Based, Grapefruit-Based, and Others), By Application (Swine Feed, Dairy Feed, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

Citrus pulp pellets are dehydrated feed made from the leftover peel and seeds of citrus fruits, including grapefruits and oranges. Usually, bags or bulk materials are offered for these leftover feed forms. The packaging of citrus pulp pellets needs to be low in moisture and concentration since high moisture and humidity levels encourage mite infestation and quality degradation. These pulp pellets rank second only to maize pellets as the most popular animal feed item. Additionally, agro-based industrial by-products, like feedstuffs and feed additives, are gradually becoming more popular than the traditional kind. Compared to their equivalents, agro-based feedstuffs are thought to be more cost-effective. Pulp pellets made from citrus have a high fiber content to provide the nutrients needed for development, reproduction, and health maintenance. The product's ability to absorb water is additionally enhanced by its high fiber content. These pellets provide the perfect amount of water-holding capacity because animals prefer to sip water in short bursts. However, commercial barriers to the growing demand for citrus pulp pellets include scarce raw material accessibility, short product life spans, and varying composition within agro-based industrial products.

The orange-based segment is expected to hold the largest share of the global citrus pulp pellets market during the projected timeframe. 

Based on form, the global citrus pulp pellets market is categorized as orange-based, grapefruit-based, and others. Among these, the orange-based segment is expected to hold the largest share of the global citrus pulp pellets market during the projected timeframe. This is because of the high raw material availability and growing popularity among owners of animal feed. It is a popular substitute for dairy and swine feed due to its exceptional nutritional qualities.

The swine feed segment is expected to grow at the fastest CAGR during the projected timeframe.       

Based on the application, the global citrus pulp pellets market is categorized as swine feed, dairy feed, and others. Among these, the swine feed segment is expected to grow at the fastest CAGR during the projected timeframe. The strong nutritional qualities of citrus pulp make it a popular choice for swine feed. They include a lot of vitamins and fiber. Additionally, it is an excellent source of nutritious nutrients that can help to improve the health of animals.

Asia-Pacific is projected to hold the largest share of the global citrus pulp pellets market over the forecast period.

Asia-Pacific is projected to hold the largest share of the global citrus pulp pellets market over the forecast period. As a consequence of having a far larger cattle population than the other regions. Growing per capita income, rising understanding of livestock nutrition, and other factors will propel the expansion of this market in a number of emerging nations, including China, India, Indonesia, Vietnam, and the other ASEAN nations.

North America is expected to grow at the fastest CAGR growth of the global citrus pulp pellets market during the forecast period. North America's thriving citrus industry plays a major role. With its sophisticated agricultural infrastructure, the US leads the world in both production and consumption. Strong supply networks and a high demand for animal feed are advantageous to this area.

Competitive Analysis

Major vendors in the global citrus pulp pellets market are Cargill, ADM, Louis Dreyfus Company, Bunge, Tate & Lyle, Ingredion, Roquette Frères, Tereos, Agrana, Südzucker, Wilmar International, Mitsui & Co, Glencore Agriculture, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Developments

• In July 2022, the Illinois-based Furst-McNess Company purchased a retail storefront and production and transloading facilities in Lake City, Florida that were formerly run by Central States Enterprises, LLC. In order to better serve clients in the Southeast, McNess has been supplying commodities, blended feeds, and nutritional items to dairy, cattle, and poultry producers in Georgia and Florida.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global citrus pulp pellets market based on the below-mentioned segments: 

Global Citrus Pulp Pellets Market, By Form

• Orange-Based
• Grapefruit-Based
• Others

Global Citrus Pulp Pellets Market, By Application

• Swine Feed
• Dairy Feed
• Others

Global Citrus Pulp Pellets Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa