The upcycled food products market size was $53.71 Billion in 2021 and is expected to reach $97.00 Billion by 2031, registering a CAGR of 6.2% from 2022 to 2031.
Upcycled food products can be defined as environmentally friendly foods containing safe ingredients that otherwise would not have gone to human consumption such as damaged food produce, by-products and scraps from food preparation. Future research should assess the consumers. Upcycled food products are created using sustainable and ethical methods that reduce food waste and promote the circular economy. The market includes a wide range of products, such as snacks, bakery products, beverages, condiments, and pet food, among others.
The upcycled food products market is projected to fueled by growing consumer health concerns. The demand for upcycled food products has increased as consumer health concerns have increased. The advantages of consuming wholesome, eco-friendly, and sustainably produced foods are becoming more and more apparent to consumers. In place of being thrown away, they are searching for culinary products manufactured from ingredients that have been upcycled and given a new life. Foods that have been upcycled from waste or byproducts provide a solution to the growing problem of food waste and the demand for more sustainable food systems.
The North America upcycled food products market held the major share in 2021 and is expected to grow on a significant CAGR during the forecast period. The demand for upcycled food products in North America is rising as the rise of e-commerce and online grocery shopping, which has made it easier for consumers to access a wider range of upcycled food products. There has been a push by some governments and organizations in North America to reduce food waste, which has helped to promote the use of upcycled ingredients in food production. There are several governments and organizations in North America that have been working to reduce food waste. For instance, The U.S. Environmental Protection Agency (EPA) has a food recovery hierarchy that promotes source reduction, food donation, and composting as ways to reduce food waste. In Canada, the National Zero Waste Council has developed a food waste reduction strategy that includes a target of reducing food waste by 50% by 2030.
Moreover, in the present scenario, Companies are using product differentiation to meet the changing preferences and needs of consumers. For example, some companies are developing upcycled food products that cater to specific dietary needs, such as gluten-free or vegan options. Overall, the market for upcycled food products is growing and providing opportunities for major players in part due to product differentiation. Businesses who can differentiate their goods and adapt to changing consumer demands and tastes will succeed in this quickly expanding sector.
Additionally, Online sales enable businesses to reach a wider clientele, including people in rural areas who might not otherwise have access to products made from upcycled food. Due to consumers' ease of access to internet search engines and marketplaces to readily locate and buy upcycled food products, online shopping gives businesses a greater opportunity to reach potential clients. Online retail makes it simpler for customers to buy upcycled food goods because they can do so without leaving their homes and without having to travel to a store. Overall, the upcycled food products market is experiencing tremendous growth with the advent of e-commerce and online retail.
However, one of the main things preventing the market for upcycled food products from expanding is perception problems. Some people still think that upcycled food products are inferior to regular food products or of lower quality, and they may have doubts about their safety and quality. Additionally, some consumers might not be aware of the advantages that upcycled food products have for the environment or know why they are more valuable than conventional food products. The market for upcycled food products may see growing challenges as a result of this lack of awareness.
The upcycled food products market is segmented on the basis of type, source, distribution channel, and region. Based on type, the market is classified into food and beverages processing, personal care products, Household products, and pet food. Further, food and beverages processing segment is classified into bakery and snacks, drinking beverages, dairy products. Based on source, the market is classified into food waste, agricultural by products, and brewery and distillery waste. Based on distribution channel, the market is classified into online and offline. Region wise, it is analyzed across North America (U.S., Canada, Mexico), Europe UK, Germany, France, Netherlands, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, New Zealand, South Korea, Philippines, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UK, South Africa, and Rest of LAMEA).
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the upcycled food products market include Rebon, Abokichi, Diana's, Blue Circle Foods, Riff, US Foods, The Spare Food Co., ReGrained, Blue Stripes Urban Cacao, GoodSport Nutrition, Agricycle Global, SUPERFRAU, Lost & Found Distillery, and Leashless Lab.
Upcycled food products can be defined as environmentally friendly foods containing safe ingredients that otherwise would not have gone to human consumption such as damaged food produce, by-products and scraps from food preparation. Future research should assess the consumers. Upcycled food products are created using sustainable and ethical methods that reduce food waste and promote the circular economy. The market includes a wide range of products, such as snacks, bakery products, beverages, condiments, and pet food, among others.
The upcycled food products market is projected to fueled by growing consumer health concerns. The demand for upcycled food products has increased as consumer health concerns have increased. The advantages of consuming wholesome, eco-friendly, and sustainably produced foods are becoming more and more apparent to consumers. In place of being thrown away, they are searching for culinary products manufactured from ingredients that have been upcycled and given a new life. Foods that have been upcycled from waste or byproducts provide a solution to the growing problem of food waste and the demand for more sustainable food systems.
The North America upcycled food products market held the major share in 2021 and is expected to grow on a significant CAGR during the forecast period. The demand for upcycled food products in North America is rising as the rise of e-commerce and online grocery shopping, which has made it easier for consumers to access a wider range of upcycled food products. There has been a push by some governments and organizations in North America to reduce food waste, which has helped to promote the use of upcycled ingredients in food production. There are several governments and organizations in North America that have been working to reduce food waste. For instance, The U.S. Environmental Protection Agency (EPA) has a food recovery hierarchy that promotes source reduction, food donation, and composting as ways to reduce food waste. In Canada, the National Zero Waste Council has developed a food waste reduction strategy that includes a target of reducing food waste by 50% by 2030.
Moreover, in the present scenario, Companies are using product differentiation to meet the changing preferences and needs of consumers. For example, some companies are developing upcycled food products that cater to specific dietary needs, such as gluten-free or vegan options. Overall, the market for upcycled food products is growing and providing opportunities for major players in part due to product differentiation. Businesses who can differentiate their goods and adapt to changing consumer demands and tastes will succeed in this quickly expanding sector.
Additionally, Online sales enable businesses to reach a wider clientele, including people in rural areas who might not otherwise have access to products made from upcycled food. Due to consumers' ease of access to internet search engines and marketplaces to readily locate and buy upcycled food products, online shopping gives businesses a greater opportunity to reach potential clients. Online retail makes it simpler for customers to buy upcycled food goods because they can do so without leaving their homes and without having to travel to a store. Overall, the upcycled food products market is experiencing tremendous growth with the advent of e-commerce and online retail.
However, one of the main things preventing the market for upcycled food products from expanding is perception problems. Some people still think that upcycled food products are inferior to regular food products or of lower quality, and they may have doubts about their safety and quality. Additionally, some consumers might not be aware of the advantages that upcycled food products have for the environment or know why they are more valuable than conventional food products. The market for upcycled food products may see growing challenges as a result of this lack of awareness.
The upcycled food products market is segmented on the basis of type, source, distribution channel, and region. Based on type, the market is classified into food and beverages processing, personal care products, Household products, and pet food. Further, food and beverages processing segment is classified into bakery and snacks, drinking beverages, dairy products. Based on source, the market is classified into food waste, agricultural by products, and brewery and distillery waste. Based on distribution channel, the market is classified into online and offline. Region wise, it is analyzed across North America (U.S., Canada, Mexico), Europe UK, Germany, France, Netherlands, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, New Zealand, South Korea, Philippines, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UK, South Africa, and Rest of LAMEA).
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the upcycled food products market include Rebon, Abokichi, Diana's, Blue Circle Foods, Riff, US Foods, The Spare Food Co., ReGrained, Blue Stripes Urban Cacao, GoodSport Nutrition, Agricycle Global, SUPERFRAU, Lost & Found Distillery, and Leashless Lab.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the upcycled food products market analysis from 2021 to 2031 to identify the prevailing upcycled food products market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the upcycled food products market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global upcycled food products market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Food and beverages
- Food and beverages sub type
- Bakery and Snacks
- Drinking Beverages
- Dairy products
- Personal Care Products
- Household Products
- Pet Food
By Source
- Food waste
- Agricultural by Products
- Brewery and Distillery Waste
By Distribution Channel
- Online
- Offline
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Netherlands
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- New Zealand
- South Korea
- Philippines
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Diana's Bananas, LLC.
- Outcast Foods
- The Spare Food Co.
- Blue Stripes LLC.
- Superfrau
- Lost & Found Distillery, Inc.
- Abokichi
- Riff Cold Brewed
- ReGrained
- Alice & Ambre Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: UPCYCLED FOOD PRODUCTS MARKET, BY TYPE
CHAPTER 5: UPCYCLED FOOD PRODUCTS MARKET, BY SOURCE
CHAPTER 6: UPCYCLED FOOD PRODUCTS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: UPCYCLED FOOD PRODUCTS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Diana's Bananas, LLC.
- Outcast Foods
- The Spare Food Co.
- Blue Stripes LLC.
- Superfrau
- Lost & Found Distillery, Inc.
- Abokichi
- Riff Cold Brewed
- ReGrained
- Alice & Ambre Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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