Food Waste Management Industry Potential Growth, Share, Demand And Analysis of Key Players- Research Forecasts To 2030
Food Waste Management Industry Overview:
The global food waste management market is projected to accrue voluminously at USD 61.12 billion by 2030, registering approximately 5.80% GAGR during the review period (2022 to 2030).
The global food waste management market is growing continually mainly due to the rapidly spreading awareness about waste management and the technological advancements that are increasingly providing solutions for waste management. Management of food waste also delivered some unique advantages such as the generation of electricity, biogas/ natural gas, and compost fertilizers while creating a healthy environment to live. These advantages have further escalated the market on the global platform.
Food Waste Management Companies –
The global food waste management market appears to be highly competitive and diversified with the presence of many well-established players having a regional and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the market.
Some food companies voluntarily contact the market players to gain their support & guidance to manage the wastages occurring at each stage of the production cycle. Additionally, these players also support various industry stakeholders to practice food waste management guiding them on how to reduce food waste across the supply chain.
To understand the consumers’ pattern right from the food purchase, preparation, and consumption to approaching the leftover, food waste management companies conduct regional or countrywide surveys and guide them on the best practices to control wastage.
These food waste management companies also collect the food wasted during the production cycle and household left over. The collection of food is then transported to the processing facilities for segregation, treatment & recycling, and packaging. These food packets are then distributed to needy households.
Key Players:
Some of the eminent leaders of the food waste management market growth include Republic Services, Inc. (U.S.), Andritz Ag (Austria), Veolia Environnement S.A. (France), Waste Connections, Inc. (Canada), Waste Management, Inc. (U.S.), Stericycle, Inc. (U.S.), and Covanta Holding Corporation (U.S.).
Scope Of Food Waste Management Industry Ecosystems
Revenue Growth Rate (CAGR) by 2030 | 5.80% |
Market Growth Forecast | 2023 - 2030 |
Emerging Market Segments | by Processes (Aerobic Digestion, Anaerobic Digestion, Combustion and others), Waste Type (Food Production Waste, Food Processing Waste, Distribution and Supply Chain Waste, Retail Waste and Consumption Waste), End Use (Animal Feed, Fertilizer, Renewable Energy & Biofuels and others) |
Market Survey Data | Recession Impact, Pricing Analysis, Patent Analysis, Value Chain Analysis, Policy and Regulations, Disruptions And Trends, Supply And Demand Trends, International Competition and others. |
Market Opportunity & Predictions in | Asia-Pacific |
Product Mapping by Regions | Rest of America, US, Canada, Mexico, Brazil, Argentina, Germany, UK, Russia, Italy, Rest Of Europe, China, Japan, India, South Korea, Rest Of Asia-Pacific, Saudi Arabia, UAE, Iran, Qatar, Rest Of The Middle East, South Africa, Nigeria, Rest Of Africa, ROW |
Types of Food Waste Management – Segmentation
MRFR has segmented its analysis into four key dynamics for enhanced understanding.
By Processes: Anaerobic Digestion, Aerobic Digestion, Combustion and others.
By Food Waste Types: Processing Waste, Production Waste, Distribution and Supply Chain Waste, Retail Waste and Consumption Waste (household and food services).
By End Users: Fertilizer, Renewable Energy, Animal Feed, Biofuels and others.
By Regions: North America, Europe, APAC, and the Rest-of-the-World.
Global Food Waste Management Industry – Regional Analysis
Continuing with its dominance, the food waste management market in the North American region is expected to surge attributing to the wide uptake of advanced technologies in the management of food waste, widespread awareness about the waste management, and the highly penetrated F&B industry. The U.S. and Canada backed with their rapidly growing FWM markets account for key contributors to the market growth in the region.
Also, increasing support initiatives of waste management undertaken by North America’s Solid Waste Association (SWANA) along with the availability of futuristic storage facility for food left over predominantly drive the market growth. Besides, government initiatives funded by public and private sectors provide impetus to the growth in the regional market.
The European region accounts for the second-largest market for food waste management, globally. The market is expected to acquire approximately 25% of the market share during the review period (2020-2027). The Europe FWM market is surging owing to the contributions from the countries such as the UK, Germany, Italy, and France. Growing number of restaurants coupled with the surging food processing industry mainly in France & Italy is expected to support the market growth in the region.
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The Asia Pacific region, on the other hand, is rapidly emerging as a lucrative market for food waste management, globally. The improving economy is doing wonders in the already flourishing sectors of F&B and food processing in the region. Besides, the ever-increasing population and rapid urbanization along with the increased investment in food waste management support the market growth in the region.
Improving economic conditions in India and China, the Asia Pacific market for food waste management is expected to witness exponential growth. Increasing adoption of food waste management technologies backed by the increasing restaurant businesses in the region is another key factor driving the regional market.
Some of the Key Evaluation Pointers of Food Waste Management Market Report Data 2023:
- Emerging Markets
- Developed Markets
- Market Growth Forecast
- Market Entry Strategies
- Emerging Markets Outlook
- Market Survey Data
- Vendor Share Research
- Vendor Strategies
- Vendor Assessment
- Market Share By Company
- Regional Footprint
- Market Regional Statistics
- Market Share Data
- Market Share By Region
- Market Regional Expansion
- Market Regional Assessment
- Export, Import Data, And Market Share
- Volume/Value, Future Growth Potential
- Long Term (~10 Years) Price Outlook
- Future Business Outlook and many more.
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