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Market & Trends

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

According to a report by FACT.MR, the global upcycled ingredients market will grow with a CAGR of 6.4% over the forecast period 2022-2032, reaching a valuation of $512 million. Currently, a significant proportion of the food produced worldwide is wasted, which has a harmful impact on the environment. As consumer awareness of food waste increases, a growing number of companies are attempting to solve the issue by upcycling ingredients that would otherwise be discarded. However, the industry has faced some challenges, such as a lack of oversight when sourcing upcycled ingredients. Additionally, the nutrients in some upcycled foods may not be readily available. Some companies are addressing this by developing methods to extract nutrients from byproducts usually regarded as waste; for example, Austria’s Kern Tec …

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Market & Trends

Vegan Foie Gras Market to Grow With 5.8% CAGR as Consumers Demand Ethical Alternatives

A report by FACT.MR has found that the vegan foie gras market will grow with a CAGR of 5.8% over the forecast period 2024-2034. The production of conventional foie gras has a high environmental impact and involves force-feeding ducks and geese, a process often considered unethical. This has led some areas, such as California, to ban animal-derived foie gras. Consequently, the market for vegan alternatives is growing, and companies are increasingly working to cater to this demand. One example is California-based The Better Meat Co, which has developed mycelium-based foie gras that has proven popular at upscale restaurants. Another Californian company, Prime Roots, has taken a similar approach with its foie gras made from koji fungus. In Europe, Nestlé’s plant-based Garden Gourmet brand relaunched its …

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Market & Trends

Plant-Based Egg Market to Grow With 28% CAGR Through to 2032

A report by business and competitive intelligence provider Fact.MR has predicted significant growth for the plant-based egg market in the coming years. The market was valued at $2.11 billion last year and is expected to be worth $24.9 billion by 2032, exhibiting a CAGR of 28% over the forecast period. Growth will be driven by food safety concerns regarding chicken eggs, along with increased environmental awareness; plant-based eggs are said to require 98% less water than conventional eggs and generate fewer carbon emissions. The rise in veganism worldwide will also help to boost sales, along with improved distribution and increased awareness of the health benefits of plant-based proteins. Several new brands and products are expected to enter the market, providing further growth opportunities. However, the …

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