Tapping New Opportunities - Exploring the Potential of Products from Food Waste
Around a third of the total food produced globally remains uneaten, which points to an alarming fact for food cultivators, producers, manufacturers, processors, and sellers, as well as consumers. The food waste in any form is increasingly being viewed as a valued resource for further to be reassessed, repurposed, and resold to businesses operating in a plethora of end use application areas, particularly those linked with sustainability. Rethinking, repurposing and reselling food waste as a resource is rapidly emerging as a hotbed of opportunities.
Products from Food Waste Market - Key Research Findings
The global products from food waste market size in 2019 – Nearly US$ 46,700 Mn.
The products from food waste market will observe nearly 5% CAGR over 2019-2029.
According to the data published by the Rethink Food Waste Through Economics and Data-
The number of meals recovered per year globally are 1829.
Food waste diversion potential is pegged at 13,201 MT per year. Moreover, the economic value from the diverted products from food waste could be 44,000 Mn.
Prevention and recycling are a more preferred option than recycling.
North America and Europe will remain prominent regional markets for Products from Food Waste.
The growing number of innovators which are coming up with on-site solutions for creating products from food waste, especially in U.K. and U.S., is expected to propel market growth.
East Asia holds high growth potential for the products from food waste market.
Being a highly agriculture based region, the waste generated in the supply chain opens ample opportunities for manufacturers to come with solutions for products from food waste.
Food and beverage processing segments are one of the fastest growing segments amongst end use in the products from food waste market
The two most important industries, which hold market potential for products from food waste are beverage processing and bakery. Nutritious and gluten-free flours are increasingly finding applications in bakery and hence, alternative sources can gain entry without the need for penetration efforts for products from food waste manufacturers.
Top Factors Shaping the Products from Food Waste Market
Damage Due to Poor Storage and Handling during Transportation
The handling damage in fresh produce is unavoidable. Hence, this produce can be utilized for the production of products from food waste. Some fruits and vegetables have very less shelf life, such as berries, but yield an excellent value product from food waste-seed oil. The low shelf life of fresh produce also contributes to food waste, creating opportunities for the products from food waste market to grow.
Conventional Food Disposal Trends
Landfills and incinerations are the most common ways of disposing food. These have resulted in unnecessary pollution on the planet.
Nutritional Evaluation from a Different Angle
Scientific research supporting the nutritional content of wasted food has created a pathway for preventing food wastage. Research on fruit pomace and promotions by scientific communities are major market forces propelling the utilization of products from food waste.
Ethical Values of Consumers
Consumers nowadays are becoming aware about sustainable means of production, and also have high regards towards food sustainably. These are the target demo graph for the products from food waste market.
The emergence of a large number of players in the food industry has led to cut-throat competition in the market. Moreover, the economic crisis has also compelled manufacturers to come up with cost-effective means of production, and preventing and utilizing food waste is one of them.
Products from Food Waste Market Structure Analysis
A large number of small- and medium-sized companies dominate the products from food waste market in terms of volume, which are destined for human consumption.
New entrants in the products from food waste market are constantly focusing on product development and the expansion of the production capacity of their facilities.
Being at a very introductory level, manufacturers for products from food waste are focusing on receiving funds from governments and non-profit organizations.
The rest of the products from food waste are sold for the production of animal feed premixes or direct consumption for animals. Currently, very small-sized companies are engaged in this business.
Products from Food Waste Market Set to Grow Nearly 2X between 2019 and 2029
The large number of emerging players in the food industry has led to cut-throat competition. Moreover, economic crisis has also compelled manufacturers to come up with cost-effective means of production, and preventing and utilizing food waste is one of them.
A Lot of Waste Taken up by Food & Beverages Processers
Some of the products obtained from products from food waste, such as oil and flour, find major application in food & beverage processing. This is also attributed to the rise in fortification with natural ingredients, and opens avenues for the products from food waste market to expand, that too in a cost-effective way.
The Broader Outlook
While end use applicability of the products from food waste remains notable in the food and beverages processing sectors, several other application areas involving value added products, such as biofuel and bio-insulators currently contribute a larger share of around 75%, to the global revenues generated by products from food waste market.
Grapes & berries account for over 15% to the overall generation of products from food waste
Apples & citrus fruits also make up for a considerable share in products from food waste
Animal feed remains a major application area accounting for nearly 85% market value share
Beverage processing end-use application likely to increase at a robust 7% CAGR
How Growth will Unfold
For both, small- and large-scale manufacturers, the supply of raw material for products from food waste is abundant, with processing capacities too small. Upgrading technology and scaling up production is the key to boost volume growth of the products from food waste market. Moreover, logistics services are also poor, and the procurement and processing of products from food waste is restricted to the areas with agricultural proximity. Hence, better transportation and supply chain will enable on-site expansion for some players in the products from food waste market.
Europe | Oceania
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Products from Food Waste Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI “Products from Food Waste Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the products from food waste market, the growth prospects of the market are obtained with maximum precision.
Products From Food Waste Market Taxonomy
The global products from food waste market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
- Citrus Fruits
By End User
- Food Processing
- Beverage Processing
- Cosmetics & Personal Care
- Dietary Supplements & Nutraceuticals
- Animal Feed
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The report commences with the executive summary of the products from food waste market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the products from food waste market.
Readers can find the detailed taxonomy and the definition of the products from food waste market in this chapter, which will help them understand the basic information about the products from food waste market. This section also highlights the key inclusions and exclusions, which helps the reader understand the scope of the products from food waste market report.
The report provides the key trends that are expected to substantially impact the growth of the market during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations, key competition mapping, and veterinary health market outlook, which is likely to have a significant impact on products from food waste market.
This section includes the key inclusions of the report. It includes the product adoption & usage analysis, product timeline, regulatory assessment, reimbursement scenario, pipeline assessment & opportunity analysis, and manufactures’ strategies for market expansion.
This section explains the global market value analysis and forecast for the products from food waste market between the forecast period of 2014-2029. This chapter includes the detailed analysis of the historical Products from Food Waste market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
This chapter explains the key macro-economic factors that are expected to influence the growth of the products from food waste market during the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the products from food waste market. This chapter also highlights the key dynamics of the products from food waste market, which include the drivers, restraints, and trends. Moreover, it will enable readers to understand the key trends followed by the leading manufacturers in the products from food waste market.
This section explain the global market penetration analysis for the products from food waste in 2018. The section also covers the key information about the CRISPR patents landscape, regulatory scenario for genome editing, the adoption of CRISPR in veterinary medicine, along with the CRISPER licensing landscape. It also provides information on the penetration of the CRISPR-based products from food waste market by emerging application areas.
Based on the source, the products from food waste market is segmented into mangos, apples, grapes, citrus fruits, carrots, beetroot, berries and others. In this chapter, readers can find information about the key trends and developments in the products from food waste market and market attractiveness analysis based on the source.
A detailed analysis about the end use of products from food waste in the products from food waste market has been explained in this chapter. The end use areas for products from food waste have been classified into food processing, beverage processing, cosmetics & personal care, dietary supplements and nutraceuticals, animal feed and others. In this chapter, readers can find information about the market attractive analysis based on end use.
This chapter explains how the products from food waste market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America products from food waste market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the application, end users, and countries in North America.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America products from food waste market. This chapter also includes the growth prospects of the Products from Food Waste market in the leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Important growth prospects of the Products from Food Waste market based on its end users in several countries, such as Germany, the UK, France, Spain, Italy, Russia, Poland, and the Rest of Europe, are included in this chapter.
India, Indonesia, Thailand, and Malaysia are among the leading countries in the South Asia region, which are among the prime subjects of assessment to obtain the growth prospects of the South Asia Products from Food Waste market in this chapter. Readers can find detailed information about the growth parameters of the South Asia Products from Food Waste market during the period 2019-2029.
This chapter highlights the growth of the Products from Food Waste market in the East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the Products from Food Waste market in East Asia.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania Products from Food Waste market.
This chapter provides information about how the Products from Food Waste market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Israel, and the rest of MEA, during the forecast period 2019 - 2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of the key players in the Products from Food Waste market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Products from Food Waste market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Bio-bean Limited, Circular Systems S.P.C., Fruitcycle, Misfit Juicery LLC, ReGrained, LLC, Rise Products, Inc, Rubies in the Rubble, Snact Ltd., Toast Ale Ltd., Aeropowder, Waste Not, and Jacob’s Juice, amongst others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the products from food waste market report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the Products from Food Waste market.
How the research was conducted?
Primary research interviews with Key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Production of Fruits
- Wastage During Handling
- Waste Utilized
- Amount of By-product harnessed
- Waste destined for processing industry
- Consumption pattern of these products obtained from food waste
- The Food Waste Innovator Database
- Dept. of Food Technology,
- Amity University, Noida, Uttar Pradesh, India
- Indian Council of Agriculture Research
- Grist Organization
- Government Of India Ministry Of Agriculture
- International Journal of Environmental and Rural Development
- Journal of Food Research
- Applied Horticultural Research of Australia
Primary Interview Splits