Name: Grapefruit Market Size and Trends
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Grapefruit Market, Grapefruit Market Size, Grapefruit Market Outlook, juice, pulp, oil

Grapefruit Market, by Variety (Red/ Pink, and White), by Consumption (Direct Intake, Grapefruit Oil Processing, Grapefruit Juice Production, Grapefruit Extracts Production, and Others), by Distribution Channel (Business to Business and Business to Consumers), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Mar 2020

Code : CMI3622

Pages :130

Formats :

Excel and PDF

Industry : Food and Beverages

Grapefruit MarketSize and Trends

Statistics:

The grapefruit market was valued at US$ 7,939.7 Mn in 2018 and is expected to reach US$ 11,005.7 Mn by 2027, exhibiting a CAGR of 3.8% over the forecast period (2019 to 2027).

Figure 1. Global Grapefruit Market Share (%), By Region, 2018

Statistics:

Figure 2. Global Grapefruit Market Share (%), By Variety, 2018

On the basis on variety, red/ pink segment accounted for the largest revenue share of 80.6% in terms of value in 2018, followed by white segment.

Market Trends/Key Takeaways:

The increasing adoption of grapefruit for manufacturing nutraceuticals is expected to propel the global grapefruit market growth over the forecast period. Grapefruit is one of the important members of the Rutaceae family (citrus family). The grapefruit peel have high nutrient content and these peels are source of dietary fibers. In addition, doctors’ advice to maintain a threshold limit of fiber in diet for proper functioning of digestive system. Moreover, consumers are becoming health conscious and are inclining towards consumption of natural and healthy ingredients, which is expected to drive demand for grapefruit in the manufacture of nutraceuticals. For instance, according to Coherent Market Insights analysis, the U.S. nutraceutical ingredients market was valued at US$ 5.83 Bn in 2016 and is estimated to increase to US$ 10.70 Bn by 2025, exhibiting a CAGR of 7.42% during the forecast period (2017-2025).