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Global Upcycled Food Market Forecasted to Reach $74.8 Billion by 2029
Published 1 year, 3 months ago
Description
The latest episode of BC Food News, hosted by Jennifer English, discusses the anticipated growth of the global upcycled food market, projected to reach $74.8 billion by 2029. The episode analyses a BCC Research report, looking at multiple influencers behind this growth, including the reduction of food waste, consumer awareness about sustainability, sustainable eating trends and advancements in food technology. The upcycled food market, valued at $54.3 billion in 2023, is expected to grow mainly in North America, driven by sustainability-focused consumers. The episode also highlights that upcycled food can significantly reduce food waste and carbon footprint. Furthermore, upcycled ingredients are found in everyday products, often offering a cost-effective solution for companies, hence their increasing popularity. The episode concludes with mentions of the market leaders and other related reports on the global food additives market by BCC Research.