Vegetable Waste Products are obtained or produced from the vegetable leftovers or rejected supply. Vegetable waste products serve as an excellent alternative to the products which are obtained synthetically which makes them safer and environment-friendly. The market of vegetable waste products is growing exponentially as the concern towards the environment has been increasing, so as the requirement for sustainable resources. The vegetable waste products can be utilized as organic fertilizers, livestock feed, pigments, therapeutic compounds, phytochemicals, etc. Vegetable waste products market can be given a newer dimension if it could be consumable by the humans as well.
| Attributes | Details |
| Vegetable Waste Products Market CAGR (2022-2032) | 5.2% |
| Vegetable Waste Products Market Value (2022) | US$ 40 Bn |
| Vegetable Waste Products Market Value (2032) | US$ 64.21 Bn
|
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The Increase in Importance of Sustainable Waste Management and Environmental Importance Drives the Demand for Vegetable Waste Products:
One-third percentage of food produced is wasted meant for human consumption, which sums nearly 1.3 billion tons per year. In which vegetables along with fruits make up to 45% of the losses as per the reports by the Food and Agricultural Organization of the United Nations (FAO). The increase in environmental concern, lack of proper waste management and sustainability issues could cause the rise in demand market of vegetable waste products and are anticipated to serve as drivers. Poor air quality causes an estimated death toll of 4.2 million people in 2016 as per the reports by the World Health Organization. To reduce the greenhouse gas emissions which are key causes of air pollution, Bio-ethanol, one of the vegetable waste products are obtained from carbohydrate-rich vegetables could be used as a gasoline replacement or additive since global concerns about climate change and the consequent have encouraged the use of it.
Vegetable Waste Products Market: Key Participants
Few key market players in the vegetable waste products market are:
- Italpollina S.p.A.
- Coromandel International Limited
- ILSA S.p.A.
- Sigma AgriScience, LLC
- California Organic Fertilizers, Inc.
- BioGasol ApS
- SEKAB Biofuel Industries AB
PulpPantry a startup established in 2015, has surprisingly transformed vegetable wastes along with fruit wastes to a human consumable snack, making it a breakthrough example of vegetable waste product and generating more than $500 million in sales worldwide.
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The report covers exhaustive analysis on:
- Vegetable Waste Products Market Segments
- Market Dynamics
- Market Size
- Supply and Demand
- Current Trends/Issues/Challenges pertaining to vegetable waste products market
- Competition Landscape and Emerging Market Participants in vegetable waste products market
- Technology related to Production/Processing of vegetable waste products
- Value Chain Analysis of the vegetable waste products market
The regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Vegetable Waste Products Market Segmentation:
The vegetable waste products can be segmented on the basis of their end products that can be obtained:
- Organic fertilizers
- Livestock Feed
- Biofuels
- Pectin
- Therapeutic compounds
- Phytochemicals
- Pigments
Report Highlights:
- Detailed overview of parent market
- Changing dynamics of the vegetable waste products market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the vegetable waste products market
- Competitive landscape of the vegetable waste products market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on vegetable waste product market performance
- Must-have information for vegetable waste products market players to sustain and enhance their market footprint
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