Singapore Food Waste Recycling Market to Grow with a CAGR of 5.8% During 2021-2030 and Garner a Revenue of USD 33.0 Million by 2030

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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/sampl
e-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
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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.
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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-103
52345 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
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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.
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