Products from Food Waste Market Trends and Forecast 2024
The global Products from Food Waste Market is set for a significant transformation. By 2024, the market is projected to reach a valuation of US$ 56,120 million, with an anticipated surge to US$ 86,905 million by 2034, growing at a steady CAGR of 6% over the forecast period.
As companies worldwide focus on sustainability, circular economy principles, and waste reduction, the demand for products from food waste is rapidly increasing. Transforming waste into fertilizers, biofuels, animal feed, biodegradable packaging, and cosmetics has become a global priority.
Key Market Trends Shaping the Industry in Products from Food Waste Market
1. Circular Economy Initiatives Driving Market Expansion
Governments and regulatory authorities across the world are advocating for zero-waste strategies. The food waste industry is an integral part of the circular economy, where waste materials are transformed into valuable products.
Example:
Food waste is being converted into biodegradable food packaging, animal feed, and fertilizers, reducing reliance on virgin raw materials and promoting sustainability.
2. Increasing Demand for Sustainable Packaging
The rise in e-commerce and global supply chain expansion has led to increased demand for biodegradable packaging solutions. Companies are tapping into food waste to create eco-friendly packaging materials. Citrus peels, fruit pulp, and vegetable waste are being transformed into sustainable packaging materials.
Notable Development:
Leading companies like Bio-bean Ltd. and TerraCycle have developed bioplastics from fruit waste, offering an alternative to petroleum-based plastics.
3. Food Waste to Biofuels & Renewable Energy
With the surge in demand for renewable energy, food waste is being converted into biogas and biofuels using advanced anaerobic digestion technology. This process helps reduce the carbon footprint of companies while creating a lucrative revenue stream.
Key Example:
Biogen’s acquisition of anaerobic digestion plants has positioned the company as a leader in converting food waste into energy. This shift aligns with clean energy goals set by global sustainability initiatives.
4. Citrus Waste Finds New Use in Cosmetics & Personal Care
The cosmetics industry is tapping into natural ingredients derived from food waste. Citrus peels, coffee grounds, and fruit by-products are being utilized for their antioxidant, anti-aging, and skin-brightening properties in skincare products.
Example:
Brands like ReGrained and Rubies in the Rubble are incorporating citrus extracts and coffee oil into skincare formulations, offering products with eco-friendly claims.
5. Growing Need for Animal Feed & Livestock Nutrition
Food waste is being used as a low-cost alternative to traditional animal feed. Leftovers from fruits, vegetables, and grains are repurposed as high-nutrient animal feed for livestock and pets. This approach not only reduces landfill waste but also offers a cost-effective solution for farmers.
Key Players in Products from Food Waste Market
Companies like ReFood and Leafield Environmental are at the forefront of converting food waste into animal feed.
Segment Analysis in Products from Food Waste Market
By Product Type
| Product Type | Market Share (2024) | Growth Drivers |
| Biodegradable Packaging | 31.7% | Rising demand for sustainable packaging |
| Animal Feed | 26.4% | Sustainable feed for livestock |
| Biofertilizers & Compost | 21.8% | Growing focus on sustainable farming |
| Cosmetic Ingredients | 12.5% | Consumer shift toward natural skincare |
| Biogas & Renewable Energy | 7.6% | Focus on renewable energy production |
By Source of Food Waste
| Source | Market Share (2024) | Applications |
| Fruits & Vegetables | 40.2% | Used for compost, bioplastics, and animal feed |
| Grains & Cereals | 22.1% | Used for animal feed and biofuels |
| Citrus Waste | 20.0% | Used for skincare, cosmetics, and essential oils |
| Seafood Waste | 17.7% | Used for nutraceuticals and functional food ingredients |
By End-User
| End-User | Market Share (2024) | Growth Drivers |
| Food Processing | 40.0% | Rising demand for food ingredients derived from waste |
| Cosmetics & Personal Care | 15.7% | Shift toward natural cosmetics |
| Agriculture | 22.5% | Increasing demand for biofertilizers |
| Animal Feed | 19.0% | Sustainable feed for livestock |
| Renewable Energy | 9.8% | Biogas from food waste |
Regional Insights for Products from Food Waste Market
| Region | CAGR (2024–2034) | Key Growth Factors |
| North America | 7.4% | Expansion of bioplastics and biofuels production |
| Europe | 6.3% | Strong circular economy initiatives |
| Asia-Pacific | 8.1% | Surge in sustainable farming and waste recycling |
| Latin America | 5.7% | Growing focus on sustainable animal feed |
| Middle East & Africa | 5.5% | New waste-to-energy projects |
Competitive Landscape
Key Players in Products from Food Waste Market:
Recent Developments in Products from Food Waste Market
- Biogen acquires five anaerobic digestion plants, increasing capacity for biogas production.
- ReGrained launches upcycled puffs, made from leftover brewery grains.
- Nescafé Nativ Cascara introduces a soft drink made from coffee fruit, repurposing waste into a high-value product.
Frequently Asked Questions (FAQs) for Products from Food Waste Market
- What is the size of the Products from Food Waste Market in 2024?
The market is forecasted to reach US$ 56,120 million in 2024. - What is the anticipated market size by 2034?
The industry is projected to reach US$ 86,905 million by 2034. - Which product type dominates the market?
Biodegradable packaging holds the largest market share at 31.7%. - Which region has the highest growth rate?
Asia-Pacific is the fastest-growing region with a CAGR of 8.1%. - Which companies are leading in the market?
Bio-bean Ltd., ReGrained, Rubies in the Rubble, and ReFood are key players in the market.
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