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A service for beauty industry professionals · Thursday, March 28, 2024 · 699,418,495 Articles · 3+ Million Readers

Intensifying Awareness and Usage in Cosmetic Industry will strengthen the Demand of Upcycled Ingredients, States Fact.MR

Upcycled Ingredients Are Expected To Propagate 1.9X by 2032 Owing To Their Rising Adoption in the Cosmetics and Nutraceuticals Sectors

/EIN News/ -- United States, Rockville MD, June 24, 2022 (GLOBE NEWSWIRE) -- According to a new report by Fact.MR, a market research and competitive intelligence provider, the global upcycled ingredients market is estimated at US$ 275.3 million in 2022. The market is predicted to expand at a healthy CAGR of 6.4% during the forecast years of 2022-2032 after registering a CAGR of 5.6% between 2017 and 2021.

The negative impact of food waste on the environment has escalated social concerns regarding food waste management, which has opened the door for upcycled ingredient manufacturers. Market players are taking efforts to bring in innovation by using animal-based waste such as eggshells to produce value-added ingredients such as collagen proteins and calcium carbonate.

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To support market growth, the Upcycled Food Association came into existence for the certification of upcycled ingredients, which has enhanced its safety and popularity among the population. Initially, the use of upcycled ingredients was limited to the food and beverage industry. However, surging demand for organic and safe products in the cosmetics and personal care industry has also amplified interest in upcycled ingredients.

Rules regarding the labeling on upcycled products - upcycled product manufacturers should reveal which ingredients are upcycled on the product label to avoid any misunderstanding and confusion among consumers - will increase awareness about upcycled ingredients and drive overall market growth.

Why is Demand for Upcycled Ingredients Increasing at a Rapid Pace?

“Urgent Need to Curb High Food Wastage across the World”

Rising social awareness regarding the negative impact of severe food wastage across the globe is drawing attention to upcycled ingredients among the global population.
According to the Food and Agriculture Organization (FAO), around 1.3 billion tonnes of food is wasted per year globally, with a valuation of US$ 2.6 trillion. This food waste demonstrates a harmful impact on the environment as it is accountable for 6% of global greenhouse gas emissions. Replicating the social involvement of these worrying environmental issues, consumers are progressively insisting on speeding up action regarding food product disposal, such as food upcycling. This factor is anticipated to upsurge the claim for upcycled products, which reinforces the demand for upcycled ingredients and food waste recycling machines.

Why is the Upcycled Ingredients Trend Big in the United States?

The U.S. is a prominent market in terms of the consumption of upcycled products. It is estimated to account for 68.7% market share in the North American region as well as 32.1% of the global market share by 2032.

Rising food production, as well as food wastage in North America, makes it a favorable region for upcycled ingredient manufacturers to come up with innovative solutions by using food wastage. Manufacturers’ majority along with certified upcycled ingredients in the region is likely to expand their usage over the coming years.

To learn more about Upcycled Ingredients Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7511

Key Segments Covered in the Upcycled Ingredients Industry Survey

  • Upcycled Ingredients Market by Ingredient Type :

    • Upcycled Starch
    • Upcycled Proteins / Powder
    • Upcycled Flour
    • Upcycled Dietary Fiber
    • Upcycled Ethanol
    • Upcycled Oils
    • Upcycled Vitamins
    • Upcycled Electrolytes
    • Upcycled Antioxidants
    • Upcycled Minerals
  • Upcycled Ingredients Market by Source :

    • Plant-based
      • Seeds
      • Peels
      • Flowers
      • Fruits
      • Grains
    • Animal-based
      • Egg Shells
      • Animal Bones
    • Others
  • Upcycled Ingredients Market by End Use :

    • Food and Beverages

    • Cosmetics and personal care
    • Nutraceuticals
    • Animal Feed and Pet Food

Winning Strategy

Key manufacturers of upcycled ingredients are focusing on acquiring raw materials that can be further utilized to make upcycled ingredients. Additionally, they are also focusing on getting certifications from the Upcycled Food Association to operate in the market.

Some manufacturers are also concentrating on expanding their customer base through mergers and partnerships for the better reach of their ingredients in the B2B channel.

Get Customization on Upcycled Ingredients Market Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7511

Key players in the Upcycled Ingredients Market

  • Rise
  • ReGrained
  • Comet Bio
  • Outcast
  • Netzro
  • Kaffe Bueno
  • SunOpta
  • Greentech
  • American river AG

Key Takeaways from Upcycled Ingredients Market Study

  • The global upcycled ingredients market is projected to expand at an impressive CAGR of 6.4% and be valued at US$ 512 million by 2032.
  • Under the ingredient type segment, upcycled starch dominates the market with US$ 70.6 million valuation in 2022 and is estimated to register a CAGR of 6.6% through 2032.
  • North America dominated the market with 48.7% share in 2021.
  • Together, North America and Europe represent over 70% of the overall market share in 2022.
  • Based on region, demand for upcycled ingredients is expected to increase at CAGRs of 5.7% and 6.9% in North America and Europe, respectively, over the forecast period.

Fact.MR’s Domain Knowledge in Food & Beverage Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned food and beverage team at Fact.MR helps clients from across the globe with their unique business intelligence needs

With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the food and beverage domain across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

Explore Fact.MR's Coverage on the Food & Beverage Domain-

Pulse Flour Market- According to Fact.MR’s recent study on the global pulse flour market, the market is gaining traction steadily and is expected to ascend at around 10% CAGR through 2031, registering an impressive valuation of nearly US$ 25 Bn. By 2026, the industry is expected to generate an absolute $ opportunity worth US$ 15 Bn.

Plant Protein Ingredient Market- Protein fortification and standardization is propelling the plant protein ingredient market on an upward growth trajectory as plant protein’s nutritional profile is attractive to consumers and is anticipated to create an absolute dollar opportunity US$ 3.0 Bn during forecast period.

Infant Nutritional Premix Market- Awareness towards potential health benefits of infant food have encouraged consumers to see these products as a suitable substitute for breastfeeding. The global market is projected to surpass a value of US$ 370 Mn by the end of 2031, expanding nearly 2x.

Whiskey Market- A new forecast by Fact.MR estimates that whiskey revenues will nearly double between 2021 and 2031, reaching nearly US$ 108 Bn in 2031 with a compounded annual growth rate (CAGR) of 6%.

Feed Micronutrients Market- The global feed micronutrients market is estimated to grow at a healthy CAGR of over 6% during the forecast period (2019-2027) and reach a valuation of over US$ 2.5 Bn on the back of growing focus on sustainability of animal nutrition products in developed as well as developing regions.

Plant-based Dairy Market- The plant based dairy market revenue totalled US$ 11 Bn for 2020, according to Fact.MR- a market research and competitive intelligence provider. The overall plant based dairy market is expected to reach US$ 32 Bn by 2031 end, growing at a CAGR of around 11%. The demand for plant based dairy product will accelerate with top 5 providers holding 65% of plant based dairy market in 2021.

Flavored Syrup Market- Newly-released flavored syrup industry analysis shows that global sales enjoyed year-on-year (YoY) growth of 2.9% in 2020, to total a valuation of US$ 50 Bn. Fruit flavoured syrup marked growth of 4.5% to reach US$ 20.1 Mn, while vanilla flavored syrup was up 9.1% to close in on a valuation of US$ 7.3 Bn.

Commercial Seaweed Market- The global seaweed market was worth over US$ 10 Bn in 2020 and is predicted to exceed US$ 15 Bn by the end of the forecast period (2021-2031). Extensive applications of seaweed in pharmaceuticals, nutraceuticals, antimicrobial goods, and biotechnological applications is primarily steering growth across the market.

Food Thickening Agents Market- Food thickening agents market in Asia Pacific is forecasted to grow at an impressive CAGR of nearly 7%. Companies in this region are increasingly penetrating ASEAN countries and Japan to address the demands of the rapidly proliferating food processing industry.

Vitamin E Market- The global vitamin E market is expected to register a CAGR exceeding 5% from 2021 to 2031, reaching US$ 3.3 Billion. Consumers are largely inclined towards consuming tocopherol vitamin E products, expected to create an opportunity worth US$ 531 Million until 2031.

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