Food By-Products Market - Forecast(2023 - 2028)

Food by-products are referred as the secondary products that are generated mostly from wastes by variety of food sources. These products are increasingly in use as food for animals, fishes and sometimes human beings. The economical attraction existed in the recovery of these high nutritional products is motivating the utilization of food by-products in the production of food supplements and additives. Valuable Phytochemicals extracted from food by-products protect humans against diseases and thus are gaining attention in the market.

This report on food by-products market is segmented by by-product type, source, application and end use industries. The market is further segmented by type as bagasse, molasses, husk, bran, peels and others. Fruits and vegetables, wine, beverages, meat, cereals, pulses, poultry and marine among others are the prominent sources for the generation of by-products. Food by-products are used in wide array of industry verticals such as food and beverage, cosmetics, pharmaceuticals, agriculture, and aquaculture. By application the market is further classified into ingredients, supplements, antioxidants and others

The market is segmented by geography as Americas, Europe, Asia Pacific and Rest of the World. Asia Pacific region holds major share on the market owing to the presence of well established food processing industries in agriculture based economies such as India. However, the market is forecast to grow at a faster rate in Americas region majorly driven by the increased utilization as ingredients in food and beverages.

The environmental pollution issues associated with unused degradation of food by-products is boosting the need for utilization of these products. However, the restrictions posed by several governments on utilization of meat by-products for food quality and safety reasons is hindering the growth of the market.