What is Products from Food Waste?
Food waste is generated from damages of food owing to poor storage facilities, processing and transportation. Rising consumption of frozen food, fruit juices and processed food has created demand for products produced from food waste. Large amount of food waste is created as only one third of food is consumed. Compound extracted from food waste is sued to create biofuels like biodiesel and bioethanol. Rising popularity of bio based products and increasing awareness regarding sustainable eco-friendly products has impacted on the demand for products from food waste in positive manner.
The market study is broken down and major geographies with country level break-up.
The market of products from food waste is expected to grow with rising demand from end use industries such as cosmetics, food beverages and others. Market specifically witnessing huge demand from cosmetics and consumer goods. Though high cost and requirement of technically keen handling is creating burden on the market. Major players in the industry are gaining attention from the market. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Danone S.A (United States), Aeropowder (United Kingdom), Misfit Foods (United States), Rise Products (United States), Biomali (India), Full Harvest (United States), Ideal Poly Technologies (India), ReGrained LLC (United States) and Bio-Bean (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Products from Food Waste market by Type, Application and Region.
On the basis of geography, the market of Products from Food Waste has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product Form, the sub-segment i.e. Solid will boost the Products from Food Waste market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Food Processing will boost the Products from Food Waste market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Vegetable Based will boost the Products from Food Waste market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In December 2020, Danone has launch Two Good Yogurt which has been produced from food waste. This product has created positive impact on consumer brand. Company has created sustainable product portfolio.
Market Trend
- Inclination towards the Use of Bio Based Alternatives to Traditional Synthetic Products
Market Drivers
- Increased Inclination towards Eco-Friendly Products
- Rising Environmental Awareness Has Impacted On the Bio Based Product Offerings of Industries in Positive Manner
Opportunities
- Rising Investments for Adoption & Manufacturing of Bio Based Products Has Created Opportunity for the Market
- Huge Production of Food Waste
Restraints
Challenges
- Issue Related to Supply Chain Management and Store housing
Key Target Audience
Products from Food Waste Manufacturers, Products from Food Waste Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.