Press release
Intensifying Awareness and Usage in Cosmetic Industry will strengthen the Demand of Upcycled Ingredients
The negative impact of food waste on the environment has escalated social concerns regarding food waste management, which has opened the door for upcycled ingredient manufacturers. Market players are taking efforts to bring in innovation by using animal-based waste such as eggshells to produce value-added ingredients such as collagen proteins and calcium carbonate.
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To support market growth, the Upcycled Food Association came into existence for the certification of upcycled ingredients, which has enhanced its safety and popularity among the population. Initially, the use of upcycled ingredients was limited to the food and beverage industry. However, surging demand for organic and safe products in the cosmetics and personal care industry has also amplified interest in upcycled ingredients.
Rules regarding the labeling on upcycled products - upcycled product manufacturers should reveal which ingredients are upcycled on the product label to avoid any misunderstanding and confusion among consumers - will increase awareness about upcycled ingredients and drive overall market growth.
Why is Demand for Upcycled Ingredients Increasing at a Rapid Pace?
"Urgent Need to Curb High Food Wastage across the World"
Rising social awareness regarding the negative impact of severe food wastage across the globe is drawing attention to upcycled ingredients among the global population.
According to the Food and Agriculture Organization (FAO), around 1.3 billion tonnes of food is wasted per year globally, with a valuation of US$ 2.6 trillion. This food waste demonstrates a harmful impact on the environment as it is accountable for 6% of global greenhouse gas emissions. Replicating the social involvement of these worrying environmental issues, consumers are progressively insisting on speeding up action regarding food product disposal, such as food upcycling. This factor is anticipated to upsurge the claim for upcycled products, which reinforces the demand for upcycled ingredients and food waste recycling machines.
Why is the Upcycled Ingredients Trend Big in the United States?
The U.S. is a prominent market in terms of the consumption of upcycled products. It is estimated to account for 68.7% market share in the North American region as well as 32.1% of the global market share by 2032.
Rising food production, as well as food wastage in North America, makes it a favorable region for upcycled ingredient manufacturers to come up with innovative solutions by using food wastage. Manufacturers' majority along with certified upcycled ingredients in the region is likely to expand their usage over the coming years.
To learn more about Upcycled Ingredients Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7511
Key Segments Covered in the Upcycled Ingredients Industry Survey
Upcycled Ingredients Market by Ingredient Type :
Upcycled Starch
Upcycled Proteins / Powder
Upcycled Flour
Upcycled Dietary Fiber
Upcycled Ethanol
Upcycled Oils
Upcycled Vitamins
Upcycled Electrolytes
Upcycled Antioxidants
Upcycled Minerals
Upcycled Ingredients Market by Source :
Plant-based
Seeds
Peels
Flowers
Fruits
Grains
Animal-based
Egg Shells
Animal Bones
Others
Upcycled Ingredients Market by End Use :
Food and Beverages
Cosmetics and personal care
Nutraceuticals
Animal Feed and Pet Food
Winning Strategy
Key manufacturers of upcycled ingredients are focusing on acquiring raw materials that can be further utilized to make upcycled ingredients. Additionally, they are also focusing on getting certifications from the Upcycled Food Association to operate in the market.
Some manufacturers are also concentrating on expanding their customer base through mergers and partnerships for the better reach of their ingredients in the B2B channel.
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Key players in the Upcycled Ingredients Market
Rise
ReGrained
Comet Bio
Outcast
Netzro
Kaffe Bueno
SunOpta
Greentech
American river AG
Key Takeaways from Upcycled Ingredients Market Study
The global upcycled ingredients market is projected to expand at an impressive CAGR of 6.4% and be valued at US$ 512 million by 2032.
Under the ingredient type segment, upcycled starch dominates the market with US$ 70.6 million valuation in 2022 and is estimated to register a CAGR of 6.6% through 2032.
North America dominated the market with 48.7% share in 2021.
Together, North America and Europe represent over 70% of the overall market share in 2022.
Based on region, demand for upcycled ingredients is expected to increase at CAGRs of 5.7% and 6.9% in North America and Europe, respectively, over the forecast period.
Fact.MR's Domain Knowledge in Food & Beverage Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned food and beverage team at Fact.MR helps clients from across the globe with their unique business intelligence needs
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the food and beverage domain across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Explore Fact.MR's Comprehensive Coverage on Food & Beverages:
Protein Ice Cream Market - https://www.factmr.com/report/protein-ice-cream-market
Coffee Fruit Extract Market - https://www.factmr.com/report/3669/coffee-fruit-extract-market
Chewable Coffee Market - https://www.factmr.com/report/2141/chewable-coffee-market
Dogs Supplements Market - https://www.factmr.com/report/dogs-supplements-market
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