Upcycled Ingredients Market to Rapidly Gain Traction as Consumers Demand Solutions to Food Waste

The global upcycled ingredients market is projected to grow rapidly, with a CAGR of 6.4% over the forecast period 2022-2032, reaching a valuation of $512 million. This growth is driven by consumer demand for solutions to food waste, as a significant proportion of food produced worldwide is discarded. Companies are increasingly turning to upcycled ingredients that would otherwise be wasted to address this issue.

Challenges in the industry include a lack of oversight in sourcing upcycled ingredients and the nutrients in some upcycled foods not being readily available. However, companies are developing methods to extract nutrients from food byproducts, such as turning apricot kernels into dairy alternatives and extracting protein from broccoli crop biomass. The industry is expected to gain rapid traction in the coming years, particularly with the introduction of the Upcycled Certified Standard, providing consumers with reassurance of ingredient safety and nutritional value. The US currently leads the market, with North America dominating and Europe also playing a key role in the upcycled foods market.