The global citrus pulp pellets or CPP market size is anticipated to gain traction in the forecast duration owing to its high energy content and good digestibility. Citrus pulp pellets are extracted from waste that is left after the juice and other value-added products developed out of citrus fruits. The waste is collected and sent for processing where it is dried and converted in the form of pellets and ultimately sold as a cattle feed. A recently published report by Fortune Business Insights titled, “Citrus Pulp Pellets Market Size, Share & Industry Analysis, By Form (Orange-based Citrus Pulp Pellets, Grapefruit-based Citrus Pulp Pellets, Others), By Application (Swine Feed, Dairy Feed, Others) Others and Regional Forecast, 2019-2026,” offers a qualitative and quantitative approach to the market.
Some of the leading players operating in the Global Citrus Pulp Pellets Market includes;
- Kellogg Company,
- Nestle S.A.,
- General Mills, Inc.,
- Clif Bar & Company,
- The Quacker Oats Company,
- Atkins Nutritionals, Inc.,
- PepsiCo, Inc.,
- McKee Foods,
- Weetabix Ltd.,
- Naturell India Pvt. Ltd.,
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What are the Highlights of the Report?
The report offers a 360-degree overview of the market and discusses major factors promoting, restricting, challenging, and creating opportunities for the market. It also discusses the table of segmentation of the market based on factors such as form, application, and geographical distribution, with the names of leading segments and their attributed factors. Additionally, the report discusses current market trends, significant industry developments, and various interesting insights into the market. The report is available for sale on the company website.
Major Segments includes:
- Snack Bars
- Energy & Nutrition Bars
By Distribution Channel
- Convenience Stores
- Specialty Retail Stores
- Online Retail Stores
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Cost-efficiency of Pellets Expected to Add Impetus to Market
The increasing population of cattle and the need to provide proper nutrients to cattle is the major citrus pulp pellets market growth driver. Additionally, these products are rich in complex and simple carbohydrates and can be stored for a longer duration, which helps to propel its demand in the market. Besides this, the cost-efficiency and high nutrient quality of these pellets, coupled with their low cost of production and transportation are expected to aid in the expansion of the market in the coming years.
On the contrary, the issues related to the supply of this product may cause the market to face rough waters. This, coupled with the contamination issues may cause hindrance to the overall market in the coming years.
Asia Pacific will Dominate Market followed by Europe Owing to Increasing Demand from Cattle Feeding Sectors
As far as the regional segmentation is concerned, the global market is widespread into the regions of North America, South America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. These regions are further categorized based on the nations they fall under. Among these, Asia Pacific earned the largest citrus pulp pellets market share on account of the rise in demand from cattle feeding sectors and rapid import-export business transactions with other regions especially South America. The cattle feeding sectors of Indonesia, China, and other South-east Asian markets help South America optimize the efficiency of their products and this further helps Asia Pacific emerge as the largest producer of CPP. This is followed by Europe with increasing awareness about the benefits of citrus nutrients to the dairy cattle. The U.S. and Brazil have increased the optimization of their production to suffice to the increasing demand for cattle feeding.
Players Focusing on Product Expansion for Attracting More Revenue
The competitive landscape of the global market for citrus pulp pellets is highly fragmented with the presence of many companies. Most of these players are investing heavy amount on product portfolio and to expand their geographical reach. This will help players attract high revenue to the market in the forecast period. Besides this, companies are also engaging in joint ventures, mergers and acquisitions, contracts and agreements, and other collaborative efforts to collectively gain a competitive edge in the market.
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