According to a new Forbes report, the Upcycling Food Industry was purportedly worth 46.7 billion in 2019 and has a compound annual growth rate of 5% for the next ten years. Here’s what it’s about and why it’s of interest to food manufacturers.
It wasn’t long ago if a banana had too many spots it was placed in the bin before ever reaching a consumers table. Now, however, there’s a rising trend of repurposing apparently ‘damaged’ and ‘surplus’ food.
Across multiple countries, chefs and food manufacturers are using surplus food to turn them into delicious gourmet creations that taste fantastic.
Not only does this tackle the enormous damage food waste has on any individual country, it is also meeting consumer needs for consciously produced food products.