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Upcycled Food Products Market Size
- Report ID: GMI6303
- Published Date: Jul 2023
- Report Format: PDF
Upcycled Food Products Market Size
Upcycled Food Products Market size was valued at USD 54.5 billion in 2022 and is poised to register over 5.7% CAGR from 2023 to 2032. Growing awareness and concern for environmental sustainability have spurred consumers to seek eco-friendly alternatives, favoring products that reduce food waste and minimize the carbon footprint. A shift in consumer preferences towards healthier and more nutritious options has led to an increased demand for upcycled foods, which often incorporate surplus or byproduct ingredients from the food supply chain.
As per a survey published in NCBI in April 2023, sixty percent of the 415 participants surveyed, including health professionals and health sciences university students, consider sustainability in food production to be “important” or “very important”. In addition, more than half the respondents expressed their willingness to pay higher prices for more sustainably produced diets. Furthermore, governmental initiatives and regulations promoting sustainable practices have encouraged food manufacturers to adopt upcycling methods, fostering innovation and driving market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Upcycled Food Products Market Size in 2022: | USD 54.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.7% |
| 2032 Value Projection: | USD 94.6 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 190 |
| Segments covered: | By Type, By Source, By Distribution Channel, By Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Upcycled Food Products Market Scope
