The global grapefruit market was valued at US$ 7,939.7 million in 2018, according to Grapefruit Market Report, 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) published by Coherent Market Insights.
The global grapefruit market is expected to reach US$ 11,005.7 Million by 2027, exhibiting a CAGR of 3.8% during the forecast period (2019-2027). The market for grapefruit is majorly driven by increasing awareness among populace about various health benefits associated with the consumption of grapefruit. Grapefruit offers various advantages such as it boosts heart health, weight loss, prevents kidney stones, in treatment of asthma, and gum disease, among others which has led to a growing demand for grapefruit among consumers. Moreover