Rise in the Throwaway Culture in Food Helps in the Growth of the Products from Food Waste Market

With better standards of living,
consumers are casually throwing away their unwanted goods and products in the
garbage. These can be used to create products from food waste. With increased
disposable incomes, the value of available food and other goods has gone down
considerably. This is especially common in developing regions, where
environmental consciousness is much lower than developed regions. Rich
countries are also known to buy more food than required and then tend to waste
it. This has generated considerable opportunities for the products from food
waste market.

Also, some consumers are becoming
aware of food loss in terms of ethics and sustainability, and are coming up
with household methods to consume products from food waste.

Cosmetic Criteria amongst Retailers Paves the Way for Market Growth

Not meeting the cosmetic criteria (which is the faulty appearance of a fruit) is one of the major reasons why plenty of fruits are being discarded as waste, and this has opened the gateway for the growth of the products from food waste market. USDA estimates that, on an average, supermarkets in U.S. lose nearly US$ 15 Bn annually due to cosmetic flaws in fruits and vegetables. This presents ample opportunities for the products from food waste market.

These fruits and vegetables are of excellent quality
and at par with the nutritional profile of the ones that are sold in the market.
Some small- and medium-sized manufacturers are initiating the processing
of such products that do not meet the cosmetic criteria, fuelling the growth of
the products from food waste market. These products from food waste can easily
benefit the health conscious consumers due to their rich nutritional profile. Moreover,
consumers tend to pay less for products that are conventional, and a higher
price is paid for products that have an added-value, such as organic, vegan,
and also products from food waste. Hence, through products from food waste, even
manufacturers earn more profits.

Mango Peels, as an
Abundant Source of Pectin, is an Excellent Source for Products from Food Waste

There is a special class of
pectin – LM pectin (low-methoxyl pectin) – that is preferably used in the
manufacturing of low-calorie fruit jellies, which is a valuable product from
food waste. The mango peel or mango waste contains a high amount of pectin
(20-30% of the peel weight). If the extraction of pectin from mangoes is
achieved by adding lemon juice to them, it will result in the reduction of
industrial waste, and create an alternative for the production of pectin,
helping in adding value to the products from food waste. Obtaining a product
from food waste such as mango peels is also in tune with some of the key market
trends, such as sustainable production, due to the reduction in toxic
effluents.

India also happens to produce
tons of products from food waste. The mango, which is a source of pectin, is
one of the important produces. Yet, India relies heavily on the import of
pectin. Hence, it holds immense potential for the products from food waste
market.

Higher Cost Structure
Due to the Use of Patented Technologies in the Manufacturing of Products from
Food Waste

Some of the patented technologies used to manufacture products from food waste are expensive. Middlemen in the products from food waste supply chain, such as farmers, food and beverage processors, and retailers, have expressed keen interest in recycling and manufacturing products from food waste, but might have to face the heavy burden of implementing patented and expensive technologies that are used to manufacture products from food waste. These will add a huge chunk in the cost structure during the manufacturing process of products from food waste. This aspect may become a barrier to the growth of the products from food waste market. Also, technology is linked with quality, which is an important force in driving the growth of the products from food waste market. Products from food waste manufacturing companies that are not accredited with quality certifications may lose their consumers base, which may hamper the growth of the products from food waste market

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