The Zero-Waste Food Market Size is valued at USD 4.81 billion in 2023 and is predicted to reach USD 12.86 billion by the year 2031 at a 13.3% CAGR during the forecast period for 2024-2031.
Zero-waste food refers to methods of food production and consumption that employ every component of products and packaging, as well as the reduce, reuse, and recycle principles across the food supply chain in order to eliminate waste. Growing consumer and governmental worries about the environment are fueling the zero-waste food sector by raising demand for sustainable methods. Additionally, market expansion is also fueled by advancements in packaging technology, growing consumer awareness of food waste issues, and a shift in consumer tastes toward ethical consumption.
The market is also being driven by corporate sustainability pledges and regulatory pressures that are forcing companies to implement zero-waste food practices. Further encouraging businesses to investigate creative ways to reduce waste across their operations are government programs designed to reduce food waste. However, the greater expense of putting sustainable practices into place discourages smaller companies from doing so. Furthermore, growing consumer awareness encourages businesses to fund zero-waste food projects, which improves market presence and growth.
However, market growth is hampered by the high cost of zero-waste food, strict regulations, and the lack of infrastructure. The COVID-19 pandemic interrupted supply chains and consumer access to bulk and unpackaged commodities, which in turn affected the zero-waste food industry. However, it also increased public consciousness regarding sustainability and hastened the transition to environmentally and health-conscious purchasing practices. Moreover, growing numbers of environmentally concerned consumers, advancements in biodegradable packaging, and collaborations with merchants to improve the availability and cost-effectiveness of sustainable food options provide opportunities for the zero-waste food market.
Competitive Landscape
Some Major Key Players In The Zero-Waste Food Market:
- Imperfect Foods
- Full Harvest
- HelloFresh
- Misfits Market
- Zero Waste Market
- Hungry Harvest
- FoodMaven
- Green Chef
- The Better Fish
- Earth Fare
- FarmLogix
- Ingredion
- Too Good To Go
- Loliware
- Yummly
- The Ugly Company
- Sweetgreen
- UrbanFarm
- Other Market Players
Market Segmentation:
The zero-waste food market is segmented based on type, food type, application, distribution channel, consumer demographics, and end-user. Based on type, the market is segmented into fruits & vegetables, meat and poultry, dairy products, packaged food, beverages, and grains and cereals. The application segment is agian segmented into retail, food service, and household. The distribution channel category is classified into online and offline. By consumer demographics, the market is segmented into age, income level, and lifestyle. By end-user, the market is segmented into individual consumers and businesses.
Based On The Type, The Dairy Products Zero-Waste Food Market Segment Accounts For A Major Contributor To The Zero-Waste Food Market.
Dairy products in the zero-waste food market are expected to lead with a prominent global market share in 2023 because of the growing need for sustainable food practices and consumer awareness. This trend is being driven by waste-reducing packaging and processing innovations and consumers' increasing desire for eco-friendly products. Furthermore, the market expansion for zero-waste dairy products is boosted by regulatory support for sustainable agricultural practices, which are all contributing to the sector's growth.
Retail Segment To Witness Growth At A Rapid Rate
Retail accounts for the majority of zero-waste food because it provides customers with direct opportunities to interact with sustainable practices. Moreover, customers can lessen their environmental impact when they shop by using zero-waste strategies like bulk purchasing, reusable packaging, and local sourcing, which can be successfully implemented and promoted by retail establishments, particularly those that specialize in organic and eco-friendly products.
In The Region, The North American Zero-Waste Food Market Holds A Significant Revenue Share.
The North American zero-waste food market is expected to register the highest market share in revenue in the near future. Because of growing environmental consciousness, strict waste reduction laws, and the existence of several enterprises and programs aimed at sustainability and food waste reduction. In addition, Europe is projected to grow very fast in the global zero-waste food market due to increased government waste management restrictions, growing urban middle-class populations looking for eco-friendly lifestyle options, and growing consumer awareness of sustainability. Zero-waste techniques are being adopted throughout the region as a result of these factors.
Recent Developments:
- In Sept 2024, Denali and HelloFresh accomplished a notable environmental milestone by reusing almost 4 million pounds of food waste in Phoenix. The partnership converts food waste into useful commodities like compost and animal feed, promoting a circular economy by reintegrating these goods into agriculture.
Zero-Waste Food Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 4.81 Bn |
|
Revenue Forecast In 2031 |
USD 12.86 Bn |
|
Growth Rate CAGR |
CAGR of 13.3% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Type, Food Type, Application, Distribution Channel, Consumer Demographics, And End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Imperfect Foods, Full Harvest, HelloFresh, Misfits Market, Zero Waste Market, Hungry Harvest, FoodMaven, Green Chef, The Better Fish, Earth Fare, FarmLogix, Ingredion, Too Good To Go, Loliware, Yummly, The Ugly Company, Sweetgreen, and UrbanFarm |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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