Market Research Future (MRFR) has published a cooked research report on the “Global Food Waste Management Market” that contains information from 2022 to 2030. The Food Waste Management Market is estimated to register a CAGR of 5.80% during the forecast period of 2022 to 2030.
MRFR recognizes the following companies as the key players in the Food Waste Management Market— Andritz Ag, Waste Management Inc., Veolia Environnement S.A., Republic Services Inc., Stericycle Inc., Covanta Holding Corporation, and Waste Connections Inc.
Food Waste Management Market Highlights
The Food Waste Management Market is accounted to register a CAGR of 5.80% during the forecast period and is estimated to reach USD 61.12 Billion by 2030.
The Food Waste Management Market refers to the commercial activities and systems that are designed to minimize, control, and effectively handle the generation, collection, treatment, and disposal of food waste. The Food Waste Management Market has gained significance due to increasing global concerns about food security, environmental sustainability, and resource efficiency. Governments, businesses, and organizations worldwide are recognizing the importance of addressing food waste to reduce greenhouse gas emissions, conserve resources, and alleviate social issues related to hunger and poverty.
Segment Analysis
The Food Waste Management Market has been segmented based on process, waste type and end use.
On the basis of process, the market is segmented into Aerobic digestion, Anaerobic digestion and Combustion. Combustion, also known as incineration, involves the controlled burning of organic waste, including food waste, at high temperatures. This process releases heat energy, which can be used to generate electricity or heat.
Based on waste type, the market has been segmented into Food processing waste, Distribution & supply chain waste, Retail waste and Consumption waste. Retail waste involves food waste generated by grocery stores, supermarkets, and other retail outlets. Retailers can implement strategies like dynamic pricing to encourage the sale of items nearing their expiration date, as well as collaborate with food recovery programs to donate edible but unsellable food to those in need.
Based on end use, the market has been segmented into Animal feed, Fertilizer, Renewable energy and Biofuels. Edible food waste that is safe for consumption can be redirected to produce animal feed. This helps in reducing the demand for dedicated animal feed crops and decreases the environmental impact associated with their production.
Regional Analysis
The Food Waste Management Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Food Waste Management Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Food Waste Management Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Food Waste Management Market comprises of Middle East, Africa, and Latin America.
North America has been at the forefront of adopting advanced food waste management practices, driven by stringent environmental regulations, high levels of awareness, and a strong focus on sustainability. Government initiatives and partnerships with private sector entities have played a role in driving food waste reduction and management efforts.
Europe has a well-established food waste management market, with countries like Germany, the United Kingdom, France, and the Netherlands leading the way. The European Union's Circular Economy Action Plan emphasizes reducing food waste and promoting sustainable resource use.
The Asia-Pacific region is experiencing rapid urbanization and industrialization, leading to increased food waste generation. Emerging economies in the region are recognizing the need for effective food waste management to address environmental concerns and resource scarcity.
Furthermore, the rest of the world's Food Waste Management Market is divided into the Middle East, Africa, and Latin America. Latin America faces challenges related to food waste management due to inadequate infrastructure and limited resources. Awareness campaigns and partnerships between governments, NGOs, and businesses are slowly driving improvements in food waste management practices.
Key Findings of the Study
- The Food Waste Management Market is expected to reach USD 61.12 Billion by 2030, at a CAGR of 5.80% during the forecast period.
- North America has been at the forefront of adopting advanced food waste management practices, driven by stringent environmental regulations, high levels of awareness, and a strong focus on sustainability.
- Based on end use, the market has been segmented into Animal feed holding the largest market in 2022.
- Andritz Ag, Waste Management Inc., Veolia Environnement S.A., Republic Services Inc., Stericycle Inc., Covanta Holding Corporation, and Waste Connections Inc.
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Companies Covered | 15 |
Pages | 128 |
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