The upcycled food market will boom to $97 billion by 2031: Discover how Diana’s Bananas and Outcast Foods are leading the recovery

Market for upcycled food

WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, August 26, 2024 /EINPresswire.com/ — According to the report published by Allied Market Research, the global Upcycled Food Market generated USD 53.7 billion in 2021 and is expected to generate USD 97.0 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031. The report offers a comprehensive analysis of changing market dynamics, key segments, value chain, competitive scenario, and regional landscape. This study offers valuable guidance to leading players, investors, shareholders, and startups in developing strategies for sustainable growth and gaining competitive advantage in the market.

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Report scope and details:

Chapter 1: INTRODUCTION

Chapter 2: SUMMARY

Chapter 3: MARKET OVERVIEW

Chapter 4: Upcycled Food Market by Type

Chapter 5: The Upcycled Food Market by Source

Chapter 6: The Upcycled Food Market by Distribution Channel

Chapter 7: Upcycled Food Market by Regions

Chapter 8: COMPETITIVE LANDSCAPE

Chapter 9: COMPANY PROFILES

TABLE LIST

LIST OF FIGURES

Covid-19 Scenario:

The global upcycled food market has proven resilient during the COVID-19 pandemic outbreak, with many companies adapting their operations to meet changing consumer needs and ensure the safety of their employees.

As the pandemic continues to evolve, the upcycled food market is expected to continue to grow as more consumers become interested in sustainable and ethical food options.

The study offers detailed segmentation of the global Upcycled Food Market by type, source, distribution channel, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can develop strategies according to the highest revenue and fastest growing segments mentioned in the report.

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By type, the food and beverage segment held the highest share in 2021, accounting for more than half of the global upcycled food market and is expected to retain its leadership position during the forecast period. However, the household products segment is expected to register the highest CAGR of 6.9% from 2022 to 2031.

As per source, the food waste segment accounted for the highest share in 2021, contributing almost half to the global upcycled food market. It is expected to retain its top position in terms of revenue during the forecast period. However, the brewery and distillery waste segment is expected to register the highest CAGR of 6.7% from 2022 to 2031.

Based on distribution channels, the offline segment accounted for the highest share and held nearly three-fifths of the global upcycled food products market in 2021 and is expected to maintain its leadership position during the forecast period. However, the online segment is expected to grow at a compound annual growth rate of 6.5% during the forecast period.

In terms of regions, North America accounted for the largest share in 2021, contributing nearly two-fifths of the global upcycled food market share. The region is forecast to maintain its dominant revenue share in 2031. Furthermore, the LAMEA region is expected to register the highest CAGR of 7.3% during the forecast period. The study also analyzes regions such as Europe and Asia Pacific.

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Leading market players of the global upcycled food market analyzed in the study include Diana’s Bananas, LLC., Outcast Foods, The Spare Food Co., Blue Stripes LLC., Superwoman, Lost & Found Distillery, Inc., Abokichi, Riff Cold Brewed, ReGrained, and Alice & Ambre Inc.

The report offers a detailed analysis of these key players of the global Upcycled Food Market. These players have adopted different strategies such as new product launch, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable as it highlights the business development, business segments, product portfolio, and strategic moves of the market players to present the competitive scenario.

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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality “Market Research Reports” and “Business Intelligence Solutions” to global corporations, medium and small businesses. AMR has a targeted approach to provide its clients with business insights and consulting to help them make strategic business decisions and achieve sustainable growth in their respective market space.

Pawan Kumar, CEO, Allied Market Research, leads the company to provide high-quality data and insights. We have professional business relationships with various companies and this helps us in sourcing market data that helps us in preparing accurate research data tables and confirms the utmost accuracy in our market forecasts. All the data presented in the reports published by us is acquired through primary interviews with top officials of leading companies in the concerned industry. Our methodology for sourcing secondary data includes extensive online and offline research and discussions with knowledgeable professionals and analysts of the industry.

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