Singapore Food Waste Recycling Market Outlook 2020-2030

Singapore Food Waste Recycling Market Analysis 2020-2030

The Singapore food waste recycling market is anticipated to grow with a CAGR of 5.8% over the forecast period, i.e., 2021 - 2030. Factors such as the increasing awareness for the food wastes recycling, backed by the numerous benefits associated with the process, along with the increasing number of initiatives of the Government of Singapore that promoted food waste recycling are expected to drive the market growth. Additionally, factors such as the growing food & beverage sector in the nation, backed by the growing sales for different food products are expected to create numerous opportunities for market growth. The Singapore food waste recycling market is estimated to garner a revenue of near to USD 30 Million by the end of 2030, up from a revenue of around USD 20 Million in the year 2020.

The Singapore food waste recycling market is segmented into numerous segments, which include segmentation by food waste type, process, application, and by food waste producer. Based on food waste type, the market is segmented into cereals, fruits & vegetables, sea food, meat, oilseeds, processed food, and others. By the end of 2030, the fruits & vegetables segment is expected to garner the largest revenue of close to USD 15 Million amongst all the other segments. Additionally, the segment generated a revenue of around USD 8 Million in the year 2020.

Some of the prominent industry leaders in the Singapore food waste recycling market that are included in our report are Skyland Bio-Energy Pte Ltd, 800 Super Holdings Limited, Lam Tak Pte Ltd, Westcom Bio-Tech Pte Ltd., A1 Environment Pte Ltd, UglyGood, Cambi ASA, and others.