[FURL=https://www.industryarc.com/Research/Products-Generated-From-Food-Waste-Market-Research-508020?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Products Generated from the Food Waste market[/FURL] size is estimated to reach $61.8 billion by 2026, growing at a CAGR of 5.2% during the forecast period 2021-2026. The process of food waste generation takes place throughout the supply chain, during harvesting, processing, retail, and consumption. The waste created during these processes is collected and converted into substances beneficial for commercial use. The organic waste materials are converted into valuable products mainly via aerobic digestion, anaerobic digestion, combustion, and other physical, biomaterials, chemical, or bio-degradation process.Key Takeaways
The Products Generated from the Food Waste market is dominated by North America. It is followed by Europe and the Asia Pacific. Growth in the North American segment is owing to the increase in investments by the major companies in the region.
The rise in Research and Development is predicted to drive the market during the forecast period. However, lack of awareness and low implementation of modern and more efficient technologies in developing regions is a major aspect that can hamper the growth of the Products Generated from the Food Waste market.
Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Products Generated from the Food Waste Market report.
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Products Generated from Food Waste Market Segment Analysis – By Geography
Geographically, the Products Generated from the Food Waste market is further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of World. The North American market held the largest share in 2020 with 29% and is anticipated to remain to be the leader during the forecast period 2021-2026. This can be attributed to factors such as the prevalence of a sedentary lifestyle, increase in demand for natural products, high research and development investment, and strict waste disposable regulations in the region. The fruits and vegetable wastage per capita in North America is around 96-115 Kg each year compared to only 6-11 Kg in Sub-Saharan Africa or South Asia.
Products Generated from Food Waste Market Drivers
Increase in Government Initiatives in Food Waste Disposal are Anticipated to Drive Market Growth
Growth in Research and Innovation in Food Waste Recycling is Anticipated to Generate Demand
Products Generated from Food Waste Industry Outlook
The top 10 players in the market are Bio-bean Ltd, Aeropowder, Fruitcycle, Grocycle, Circular Systems S.P.C, ReGrained LLC, Misfit Foods, Snact Ltd, Jrink Juicery, Rise Products
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