Global Upcycled Food Market Forecasted to Reach USD74.8bn by 2029

The global upcycled food market is projected to reach USD74.8bn by 2029, growing at a compound annual growth rate (CAGR) of 5.6%, according to a recent study from BCC Research. This significant growth underscores increasing global attention to sustainability and waste reduction within the food industry.

The report, “Exploring Opportunities and Innovations in the Zero-Waste Movement,” highlights several factors propelling market expansion. Chief among these is heightened consumer demand for sustainable and eco-friendly products, driven by rising awareness of environmental concerns such as food waste and carbon emissions. Upcycled food products, which convert surplus items and byproducts into valuable and nutritious goods, align well with these consumer values.

Technological advancements are another critical driver, particularly in fermentation and dehydration processes, enabling the production of high-quality upcycled foods. Regulatory backing and growing investments are also facilitating the industry’s development, supporting a broader shift towards a circular economy.

Health-conscious consumer preferences further fuel demand, as upcycled foods often offer significant nutritional advantages, aligning with trends toward sustainable and healthy diets. As such, the report anticipates continued innovation and robust market expansion in the upcycled food sector through the end of the decade.

Interesting facts:

•  Upcycling food can save up to 1.3 billion tons of food waste yearly, about one-third of all food produced globally.
•  Upcycled ingredients are now in everyday products like snacks, drinks and pet food. Spent grains, fruit leftovers and coffee pulp are being turned into new products.
•  Companies can cut their carbon footprint by upcycling food waste. Some studies show a 30% reduction in greenhouse gas emissions compared to traditional methods.
•  Upcycled food ingredients often cost less than regular ones, giving manufacturers a financial reason to turn food waste into valuable products.