According to the latest research study published by Intent Market Research titled, “Upcycled Animal Feed Market”, the market is projected to reach USD XX Billion by 2030, at a CAGR of XX% during the forecast period of 2024 to 2030.

Upcycled animal feed are sustainable animal feed alternative that uses waste and by-products from various sources. Upcycled animal feed is an emerging trend that is focused on environmental responsibility. There has been an increasing consumer inclination toward sustainable products. According to the WWF research published in 2021, there was about a 71% rise in the popularity of searches for sustainable goods over the past five years. The demand for upcycled pet food is driven by the expanding pet food market and a growing consumer preference for sustainable animal feed. Animal feed manufacturers are actively expanding their portfolios to include products with lower environmental footprints as consumers are increasingly looking for more environmentally responsible products.

This research study provides a comprehensive analysis of the current and future trends in the upcycled animal feed market. This research study thoroughly examines the market from the supply side as well as the demand side of upcycled animal feed. The report provides strategic competitive intelligence that can help key market players with the decision-making process and gauge the market’s prospects.

By source, the food waste segment is anticipated to be the fastest-growing segment in the upcycled animal feed market.

There’s a high burden of food waste from households and restaurants. According to the United Nations, an estimated 17% of total global food production is wasted in households, food service, and retail. The food waste that ends up in landfills produces a large amount of methane accounting for about 8% of greenhouse emissions.  This has brought to increasing focus of the organizations and governments to utilize food waste sources for upcycled animal feed market. For instance, in June 2022, Wastelink (India), a food upcycling startup utilizing food waste, secured seed funding of USD 1.2 million.

By distribution channel, online segment is anticipated to be the fastest-growing segment in the upcycled animal feed market.

In recent years, consumer behavior has been transformed inclining more towards e-commerce owing to the ease of use. According to the U.S. Annual Retail Trade Survey release, e-commerce sales in 2022 increased from USD 707.6 billion in 2020 to USD 820.8 billion in 2021 rising by 16%. This uptake in e-commerce is anticipated to drive the online segment to be the fastest-growing segment in the upcycled animal feed market. 

By Region, the upcycled animal feed market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Rest of the World. Europe upcycled animal feed market is expected to witness significant growth

The upcycled Animal Feed Market is witnessing the fast growth in Europe, specifically in countries such as UK, Germany, and France. The upcycled animal feed market is expected to witness significant growth owing to the rising food waste and increasing household expenditure toward pet food. According to the Eurostat, in the EU, over 58 million tons of food waste (131 kg/inhabitant) are generated annually. Increasing government initiatives are driving the demand for upcycled animal feed. About 5 million tons of permissible surplus such as bread are already recycled into livestock feed by the former foodstuffs in the region. According to the European Pet Food Industry Federation (FEDIAF), in 2022, the European pet food market grew to USD 31.1 billion with an average 5.1% annual growth rate during the last three years. It accounted for 10.5 million tons of pet food by volume in 2022. Thus, Europe is growing at significant CAGR in the upcycled animal feed market.

Key Insights That the Report Offers

• What will be the CAGR and size of the Global Upcycled Animal Feed Market?
• Which are the five top players and what is their market share in the upcycled animal feed market?
• What regulatory changes have been made in recent years?
• Who are the major competitors and what is their strategy?
• How is the market influenced by the global trends?
• What business opportunities and threats are faced by vendors in the market?