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Singapore Food Waste Recycling Market to Grow with a CAGR of 5.8% During 2021-20

The Singapore food waste recycling market is estimated to garner a revenue of USD 33.0 Million by the end of 2030 by growing at a CAGR of 5.8% over the forecast period, i.e., 2021 u2013 2030. Moreover, in the year 2020, the market in the nation registered a revenue of USD 18.9 Million. The growth of the market can be attributed to the expanding food & beverage sector in the nation, which is raising the need to focus on lowering food waste. According to the statistics by the Department of Statistics, Singapore, the total value of food & beverage sales in the country touched USD 706 Million in Novem

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Singapore Food Waste Recycling Market to Grow with a CAGR of 5.8% During 2021-20

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  1. Singapore Food Waste Recycling Market to Expand on Account of the Rising Sales of Food & Beverage Sector in the Nation; Market to Grow with a CAGR of 5.8% During 2021-2030 Kenneth Research has released a report titled “Singapore Food Waste Recycling Market: Demand Analysis & Opportunity Outlook 2030”which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market. In November 2021, the total value of food & beverage sales in Singapore, according to the statistics by the Department of Statistics, Singapore, recorded USD 706 Million. Moreover, the seasonally adjusted month-on- month sales of food & beverage during the same period, recorded to be 10.4%. Download Free Samples Reports from Here - https://www.kennethresearch.com/sample-request-10352345 The statistics portray the growing food and beverage sector in Singapore, which is majorly driven by the rising demand for local street foods amongst the tourists in the nation. Over the past few years, Singapore has developed

  2. itself to be one of the luxury tourist destinations, and as a result, the nation has witnessed a large footfall of tourists in the recent years. With the high inflow of tourists in the nation, the local street food sector in the nation has also witnessed a modest growth. This, as a result, has also contributed significantly to the increasing concern for food wastes in the nation, which, in turn, is driving the need amongst the government of the nation for an increase in focus on food wastes recycling. The Singapore food waste recycling market is anticipated to grow with a CAGR of 5.8% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 33.0 Million by the end of 2030. Moreover, the market in the nation registered a revenue of USD 18.9 Million in the year 2020. The market is segmented by food waste type into cereals, fruits & vegetables, sea food, meat, oilseeds, processed food, and others. The fruits & vegetables segment, amongst all the other segments, is expected to garner the largest revenue of USD 14.5 Million by the end of 2030, up from a revenue of USD 8.3 Million in the year 2020. The Singapore food waste recycling market is also segmented on the basis of process into in-vessel composting, anaerobic digestion, and others. The anaerobic digestion segment, amongst all the other segments, projected to display the largest revenue of USD 16.2 Million by the end of 2030, up from a revenue of USD 9.0 Million in the year 2020.

  3. However, the lack of proper transportation methods for food waste recycling is one of the major factors predicted to hinder the growth of the market in the coming years. This report also provides the existing competitive scenario of some of the key players of the Singapore food waste recycling market, which includes company profiling of Skyland Bio-Energy Pte Ltd, 800 Super Holdings Limited, Lam Tak Pte Ltd, Westcom Bio-Tech Pte Ltd., A1 Environment Pte Ltd, UglyGood, Cambi ASA, and others. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Singapore Food Waste Recycling Market: Demand Analysis & Opportunity Outlook 2030”, analyses the overall Singapore food waste recycling industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Singapore food waste recycling market in the near future. Request Here to Download Free Samples Report - https://www.kennethresearch.com/sample-request-10352345 Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to

  4. take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Contact for more Info: AJ Daniel Email: sales@kennethresearch.com U.S. Phone: +1 313 462 0609

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