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Worldwide consumption of upcycled ingredients is projected to increase 6.4% over the 2022-2032 period.
May 22, 2024
By: Lianna Albrizio
Associate Editor
The global upcycled ingredients market is estimated to be valued at $ 275.3 million in 2022 after having registered year-over-year (YoY) growth of 5.9%. Worldwide consumption of upcycled ingredients is projected to increase at a CAGR of 6.4% over the 2022-2032 period, with the US accounting for more than a 60% increase in its market share, per Fact MR. Roughly 30% of the food produced in the world is discarded. This is not only wasteful, but not sustainable for the planet, analysts say. ...
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