Products Generated From Food Waste Market - Forecast(2023 - 2028)
Products Generated from Food Waste Market Overview
Products Generated from the Food Waste market size
is estimated to reach $61.8 billion by 2026, growing at a CAGR of 5.2%
during the forecast period 2021-2026. The process of food waste generation
takes place throughout the supply chain, during harvesting, processing, retail, and consumption. The waste created during these processes is collected and
converted into substances beneficial for commercial use. The organic waste
materials are converted into valuable products mainly via aerobic digestion,
anaerobic digestion, combustion, and other physical, biomaterials, chemical, or bio-degradation process.
The stringent waste production and disposal regulations being imposed by
various governments are anticipated to drive the market during the forecast
period. However, the high investments required for the infrastructure vital for
food waste recycling is anticipated to limit the growth of the Products
Generated from the Food Waste industry.
Report Coverage
The report: “Products
Generated from Food Waste Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments
of the Products Generated from Food Waste Market.
By Source: Mangoes, Apples, Grapes, Carrots, Berries, and Others.
By End User: Food Processing, Beverage Processing, Animal Feed,
Cosmetics and Personal Care, Textiles, Fertilizers, Power Generation and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom
(U.K.), France, Italy, Spain, Russia, and the Rest of Europe), Asia Pacific (China,
Japan India, South Korea, Australia, and New Zealand, and the Rest of Asia
Pacific), South America (Brazil, Argentina, and Rest of South America), and
Rest of the World (the Middle East, and Africa)
Key Takeaways
- The Products Generated from the Food Waste market is dominated by North America. It is followed by Europe and the Asia Pacific. Growth in the North American segment is owing to the increase in investments by the major companies in the region.
- The rise in Research and Development is predicted to drive the market during the forecast period. However, lack of awareness and low implementation of modern and more efficient technologies in developing regions is a major aspect that can hamper the growth of the Products Generated from the Food Waste market.
- Detailed
analysis of the Strength, Weaknesses, and Opportunities of the prominent players
operating in the market will be provided in the Products Generated from the Food Waste Market report.
Products Generated from Food Waste Market Segment, By Source Type (%)
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Products Generated from Food Waste Market Segment Analysis – By Source Type
Based on the Source,
the market is further segmented into Mangoes,
Apples, Grapes, Carrots, Berries, and Others. The Mango segment was responsible
for the largest share of the Products Generated from the Food Waste market and is estimated
to grow with the fastest CAGR of 5.7% during the forecast period. The processing
of Mangoes produces a significant number of by-products such as peel and seeds.
Around 60% of the fruit by weight is discarded in the process. The rapid growth
of this segment is attributed to the increase in demand for food waste
recycling in developing nations owing to an increase in disposable income and
awareness. India, China, Thailand, Mexico, Indonesia, and Pakistan are the primary
mango-producing countries at the global level. Grape is another segment that is
estimated to witness a significant rise during the forecast period 2021-2026
owing to the presence of stringent laws and regulations regarding food waste
disposal in the manufacturing countries such as China, the U.S., Italy, and France.
More than 45% of the grapes by weight becomes waste during the process.
Products Generated from Food Waste Market Segment Analysis – By End User
By end-user, the Products Generated from Food Waste market is segmented
into Food Processing, Beverage Processing, Animal Feed, Cosmetics and Personal
Care, Textiles, Fertilizers, Power Generation, and Others. Among them, Food
processing has the largest market share owing to the growth in
investment by major companies and the prevalence of a more sedentary lifestyle
by the population, leading to an increase in processed foods demand. The cosmetics and Personal Care segment is estimated to register the fastest growth
during the forecast period 2021-2026 at a CAGR of 5.5%. The rapid rise in
Research and Development, a shift in demand towards natural cosmetic products, and a high frequency of new product launches are the primary factors that drive the
segment’s growth.
Products Generated from Food Waste Market Segment Analysis – By Geography
Geographically, the Products Generated from the Food Waste market is further
segmented into North America, Europe, Asia-Pacific, South America, and the Rest of
World. The North American market held the largest share in 2020 with 29% and is
anticipated to remain to be the leader during the forecast period 2021-2026.
This can be attributed to factors such as the prevalence of a sedentary lifestyle,
increase in demand for natural products, high research and development
investment, and strict waste disposable regulations in the region. The fruits
and vegetable wastage per capita in North America is around 96-115 Kg each year
compared to only 6-11 Kg in Sub-Saharan Africa or South Asia. The Asia Pacific region is projected to be the fastest-growing segment during the forecast
period owing to the growth in disposable income, awareness, and government
initiatives in food waste recycling processes.
Products Generated from Food Waste Market Drivers
Increase in Government Initiatives in Food Waste Disposal are Anticipated to Drive Market Growth.
The increase in government
initiatives and investment in the development of food waste collection, separation, and recycling processes in both developed and major developing regions have
led to a growth of small and medium-scale food waste recycling companies. The
development of the food waste management system in such regions is anticipated
to reduce the dumping of the products in landfills and increase recycling.
Growth in Research and Innovation in Food Waste Recycling is Anticipated to Generate Demand.
Government and private
organizations have increased their investment in developing advanced food waste
processing techniques, causing a rise in the applications for such materials.
For instance, innovation in food waste processing has resulted in the development
of techniques that can help create biomaterials necessary for patients with heart
conditions, artificial joints, cranial implants, and skin grafts. Biomaterials
necessary for artificial bone implants are derived from eggshells.
Products Generated from Food Waste Market Challenges
Lack of Food Disposal Regulations in Some Developing Regions is anticipated to Restrict Growth.
The low
investment levels in the supply chain system necessary for food waste recycling
and the absence of proper regulatory systems is a major challenge for the market.
This is highly prevalent in Brazil and other Central American countries which
causes the food waste generated in the region to be disposed of in large landfills
or water bodies rather than be recycled into useful products.
High Antinutritional Factors in Products from Food Waste Projected to Hamper Demand.
The food waste
by-products are usually high in nutritional value. However, the use of such
products is restricted in the food industry owing to the presence of
antinutritional factors such as condensed tannins, saponins, trypsin
inhibitors, phytates, and isoflavonoids. These Antinutritional Factors decrease
the nutritional value of the product by interfering with the digestibility and
bioavailability of proteins, carbohydrates, and minerals. They can also often
be harmful for consumption. This acts as a major challenge for the Products
Generated from Food Waste Market.
Products Generated from Food Waste Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Products Generated from Food Waste Market. The top 10 players in the market are:- Bio-bean Ltd
- Aeropowder
- Fruitcycle
- Grocycle
- Circular Systems S.P.C
- ReGrained LLC
- Misfit Foods
- Snact Ltd
- Jrink Juicery
- Rise Products
Partnerships/Product Launches:
- In March 2020, ReGrained LLC the launched world’s first upcycled puffs online. The puffs are powered by SuperGrain+, the company’s flagship upcycled product that is created using their patented process to transform spent brewers’ grain into a nutritious, versatile, and functional ingredient.
- In July 2021, Bio-bean Ltd launched Incaf, a sustainable raw material created from spent coffee grounds. The product can be used in various applications such as in petrochemicals, cosmetics, skincare, textile, and so on.
- In December 2020, Circular Systems S.P.C launched Agraloop™ BioFibre™ textiles made from food crop waste.
Relevant
Titles:
Plastic Waste Management Market –
Forecast (2021 - 2026)
Report Code: CMR
0177
Food Waste Management Market –
Forecast (2021 - 2026)
Report Code: FBR
0110
For more Food and Beverage Market related reports, please click here
LIST OF TABLES
1.Global Market for Products from Food Waste Analysis and Forecast , By Source Market 2019-2024 ($M)1.1 By Source, Market 2019-2024 ($M) - Global Industry Research
2.Global Market for Products from Food Waste Analysis and Forecast , By End Use Market 2019-2024 ($M)
2.1 By End Use, Market 2019-2024 ($M) - Global Industry Research
3.Global Competition Analysis Market 2019-2024 ($M)
3.1 Competition Deep Dive Market 2019-2024 ($M) - Global Industry Research
3.1.1 Aeropowder Market 2019-2024 ($M)
3.1.2 Bio-bean Ltd. Market 2019-2024 ($M)
3.1.3 Circular Systems S.P.C. Market 2019-2024 ($M)
3.1.4 Fruitcycle Market 2019-2024 ($M)
3.1.5 GroCycle Market 2019-2024 ($M)
3.1.6 Jrink Juicery Market 2019-2024 ($M)
3.1.7 Misfit Foods Market 2019-2024 ($M)
3.1.8 ReGrained, LLC Market 2019-2024 ($M)
3.1.9 Rise Products Market 2019-2024 ($M)
3.1.10 Rubies in the Rubble Market 2019-2024 ($M)
3.1.11 Snact Ltd. Market 2019-2024 ($M)
3.1.12 Toast Ale Ltd. Market 2019-2024 ($M)
4.Global Market for Products from Food Waste Analysis and Forecast , By Source Market 2019-2024 (Volume/Units)
4.1 By Source, Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Market for Products from Food Waste Analysis and Forecast , By End Use Market 2019-2024 (Volume/Units)
5.1 By End Use, Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Competition Analysis Market 2019-2024 (Volume/Units)
6.1 Competition Deep Dive Market 2019-2024 (Volume/Units) - Global Industry Research
6.1.1 Aeropowder Market 2019-2024 (Volume/Units)
6.1.2 Bio-bean Ltd. Market 2019-2024 (Volume/Units)
6.1.3 Circular Systems S.P.C. Market 2019-2024 (Volume/Units)
6.1.4 Fruitcycle Market 2019-2024 (Volume/Units)
6.1.5 GroCycle Market 2019-2024 (Volume/Units)
6.1.6 Jrink Juicery Market 2019-2024 (Volume/Units)
6.1.7 Misfit Foods Market 2019-2024 (Volume/Units)
6.1.8 ReGrained, LLC Market 2019-2024 (Volume/Units)
6.1.9 Rise Products Market 2019-2024 (Volume/Units)
6.1.10 Rubies in the Rubble Market 2019-2024 (Volume/Units)
6.1.11 Snact Ltd. Market 2019-2024 (Volume/Units)
6.1.12 Toast Ale Ltd. Market 2019-2024 (Volume/Units)
7.North America Market for Products from Food Waste Analysis and Forecast , By Source Market 2019-2024 ($M)
7.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
8.North America Market for Products from Food Waste Analysis and Forecast , By End Use Market 2019-2024 ($M)
8.1 By End Use, Market 2019-2024 ($M) - Regional Industry Research
9.North America Competition Analysis Market 2019-2024 ($M)
9.1 Competition Deep Dive Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Aeropowder Market 2019-2024 ($M)
9.1.2 Bio-bean Ltd. Market 2019-2024 ($M)
9.1.3 Circular Systems S.P.C. Market 2019-2024 ($M)
9.1.4 Fruitcycle Market 2019-2024 ($M)
9.1.5 GroCycle Market 2019-2024 ($M)
9.1.6 Jrink Juicery Market 2019-2024 ($M)
9.1.7 Misfit Foods Market 2019-2024 ($M)
9.1.8 ReGrained, LLC Market 2019-2024 ($M)
9.1.9 Rise Products Market 2019-2024 ($M)
9.1.10 Rubies in the Rubble Market 2019-2024 ($M)
9.1.11 Snact Ltd. Market 2019-2024 ($M)
9.1.12 Toast Ale Ltd. Market 2019-2024 ($M)
10.South America Market for Products from Food Waste Analysis and Forecast , By Source Market 2019-2024 ($M)
10.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
11.South America Market for Products from Food Waste Analysis and Forecast , By End Use Market 2019-2024 ($M)
11.1 By End Use, Market 2019-2024 ($M) - Regional Industry Research
12.South America Competition Analysis Market 2019-2024 ($M)
12.1 Competition Deep Dive Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Aeropowder Market 2019-2024 ($M)
12.1.2 Bio-bean Ltd. Market 2019-2024 ($M)
12.1.3 Circular Systems S.P.C. Market 2019-2024 ($M)
12.1.4 Fruitcycle Market 2019-2024 ($M)
12.1.5 GroCycle Market 2019-2024 ($M)
12.1.6 Jrink Juicery Market 2019-2024 ($M)
12.1.7 Misfit Foods Market 2019-2024 ($M)
12.1.8 ReGrained, LLC Market 2019-2024 ($M)
12.1.9 Rise Products Market 2019-2024 ($M)
12.1.10 Rubies in the Rubble Market 2019-2024 ($M)
12.1.11 Snact Ltd. Market 2019-2024 ($M)
12.1.12 Toast Ale Ltd. Market 2019-2024 ($M)
13.Europe Market for Products from Food Waste Analysis and Forecast , By Source Market 2019-2024 ($M)
13.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
14.Europe Market for Products from Food Waste Analysis and Forecast , By End Use Market 2019-2024 ($M)
14.1 By End Use, Market 2019-2024 ($M) - Regional Industry Research
15.Europe Competition Analysis Market 2019-2024 ($M)
15.1 Competition Deep Dive Market 2019-2024 ($M) - Regional Industry Research
15.1.1 Aeropowder Market 2019-2024 ($M)
15.1.2 Bio-bean Ltd. Market 2019-2024 ($M)
15.1.3 Circular Systems S.P.C. Market 2019-2024 ($M)
15.1.4 Fruitcycle Market 2019-2024 ($M)
15.1.5 GroCycle Market 2019-2024 ($M)
15.1.6 Jrink Juicery Market 2019-2024 ($M)
15.1.7 Misfit Foods Market 2019-2024 ($M)
15.1.8 ReGrained, LLC Market 2019-2024 ($M)
15.1.9 Rise Products Market 2019-2024 ($M)
15.1.10 Rubies in the Rubble Market 2019-2024 ($M)
15.1.11 Snact Ltd. Market 2019-2024 ($M)
15.1.12 Toast Ale Ltd. Market 2019-2024 ($M)
16.APAC Market for Products from Food Waste Analysis and Forecast , By Source Market 2019-2024 ($M)
16.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
17.APAC Market for Products from Food Waste Analysis and Forecast , By End Use Market 2019-2024 ($M)
17.1 By End Use, Market 2019-2024 ($M) - Regional Industry Research
18.APAC Competition Analysis Market 2019-2024 ($M)
18.1 Competition Deep Dive Market 2019-2024 ($M) - Regional Industry Research
18.1.1 Aeropowder Market 2019-2024 ($M)
18.1.2 Bio-bean Ltd. Market 2019-2024 ($M)
18.1.3 Circular Systems S.P.C. Market 2019-2024 ($M)
18.1.4 Fruitcycle Market 2019-2024 ($M)
18.1.5 GroCycle Market 2019-2024 ($M)
18.1.6 Jrink Juicery Market 2019-2024 ($M)
18.1.7 Misfit Foods Market 2019-2024 ($M)
18.1.8 ReGrained, LLC Market 2019-2024 ($M)
18.1.9 Rise Products Market 2019-2024 ($M)
18.1.10 Rubies in the Rubble Market 2019-2024 ($M)
18.1.11 Snact Ltd. Market 2019-2024 ($M)
18.1.12 Toast Ale Ltd. Market 2019-2024 ($M)
19.MENA Market for Products from Food Waste Analysis and Forecast , By Source Market 2019-2024 ($M)
19.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
20.MENA Market for Products from Food Waste Analysis and Forecast , By End Use Market 2019-2024 ($M)
20.1 By End Use, Market 2019-2024 ($M) - Regional Industry Research
21.MENA Competition Analysis Market 2019-2024 ($M)
21.1 Competition Deep Dive Market 2019-2024 ($M) - Regional Industry Research
21.1.1 Aeropowder Market 2019-2024 ($M)
21.1.2 Bio-bean Ltd. Market 2019-2024 ($M)
21.1.3 Circular Systems S.P.C. Market 2019-2024 ($M)
21.1.4 Fruitcycle Market 2019-2024 ($M)
21.1.5 GroCycle Market 2019-2024 ($M)
21.1.6 Jrink Juicery Market 2019-2024 ($M)
21.1.7 Misfit Foods Market 2019-2024 ($M)
21.1.8 ReGrained, LLC Market 2019-2024 ($M)
21.1.9 Rise Products Market 2019-2024 ($M)
21.1.10 Rubies in the Rubble Market 2019-2024 ($M)
21.1.11 Snact Ltd. Market 2019-2024 ($M)
21.1.12 Toast Ale Ltd. Market 2019-2024 ($M)
LIST OF FIGURES
1.US Products Generated From Food Waste Market Revenue, 2019-2024 ($M)2.Canada Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
3.Mexico Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
4.Brazil Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
5.Argentina Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
6.Peru Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
7.Colombia Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
8.Chile Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
9.Rest of South America Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
10.UK Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
11.Germany Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
12.France Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
13.Italy Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
14.Spain Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
15.Rest of Europe Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
16.China Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
17.India Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
18.Japan Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
19.South Korea Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
20.South Africa Products Generated From Food Waste Market Revenue, 2019-2024 ($M)
21.North America Products Generated From Food Waste By Application
22.South America Products Generated From Food Waste By Application
23.Europe Products Generated From Food Waste By Application
24.APAC Products Generated From Food Waste By Application
25.MENA Products Generated From Food Waste By Application