Food Waste Management Market Trend, Share, Growth, Size, Analysis and Forecast 2032

Food Waste Management Market: Industry Prospective

The global Food Waste Management Market size accrued earnings worth approximately 35.2 (USD Billion) in 2020 and is predicted to gain revenue of about 53.10 (USD Billion) by 2028, is set to record a CAGR of nearly 5.5% over the period from 2021 to 2028.

The report offers assessment and analysis of the Food Waste Management Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

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Food Waste Management Market: Overview

Wastage of food, as well as its accumulation, is an emerging issue arising due to the constant rise in the global population. The exponential increase in food wastage has caused severe environmental pollution, health problems, and scarce land area for food disposal. Hence, there is an urgent requirement for tackling the issue of food wastage along with taking apt measures to curb this issue through the adoption of standard management practices referred to as food waste management solutions. Additionally, various kinds of models as well as approaches are investigated and designed for waste food processing & management activities. Moreover, the anaerobic digestion approach has been reported as one of the most ecofriendly & promising approaches for food waste management and can contribute majorly towards energy conservation.  

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According to NCBI, there is huge demand for food waste for animal feed in several East Asian countries and European countries such as the UK after food waste recycling & heat treatment. For the record, studies were carried out for understanding benefits of using food waste for pig feed in the UK. Apart from this, a hybrid & consequential life cycle assessment was performed for comparing ecological & health effects of four techniques for food waste processing.

Two of these technologies were of South Korean animal feed production that including wet pig feed & dry pig feed production. These technologies were compared with two UK-based food waste disposal techniques, namely, anaerobic digestion and composition. It was found that South Korean animal feed manufacturing techniques were best having low impact on health of pigs as well as environment. All these aforementioned events will not only boost food waste management activities (due to effective treating of food waste by various food processing methods enabling its reuse as animal feed), but will also trigger new ripples of growth for food waste management market over forecasting period.

Food Waste Management Market: Growth Drivers

The need for enhancing efficiency of food supply chain activities and reduce food wastage has resulted in demand for food waste management activities. Apart from this, fluctuations in eating habits resulting in large wastage of food has strongly impacted growth of food waste management market. Escalating demand for reducing greenhouse effects on the environment has resulted in the humungous popularity of food waste management systems.

An increase in food waste issues in emerging economies will create a massive need for food waste management activities in these regions, thereby further erecting new facades of growth for the food waste management industry over upcoming years. Surge in food trade activities between different nations has led to rise in large proportion of food wastage, thereby sketching a profitable growth map for food waste management market. Favorable initiatives such as Love Food Hate Waste by UK Government and Stop Wasting Food by Denmark state authorities will expand the scope of market growth in ensuing years.

In addition, Think Eat Save Program aiding UN Zero Hunger Challenge scheme will further increase size of food waste management market in next couple of years. Furthermore, increase in acceptance of techniques such as gasification will impel bolster growth of food waste management industry.

Furthermore, increase in organic waste food processing will result in surge in production of high quality animal feed. Apart from this, need for reducing scarcity of animal feed & improving its quality along with necessity of providing nutritious diet to animals for meat & milk is predicted to produce huge demand for food waste management activities. All these aforementioned aspects will create lucrative growth avenues for food waste management market.

Global Food Waste Management Market: Report Scope:

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Food Waste Management Market: Segmentation Analysis

On the basis of process, the food waste management market is divided into aerobic digestion, anaerobic digestion, incineration/combustion and others. Anaerobic digestion is a technique which is used to produce high-quality of a product like compost from the food waste. The compost produced can be used as organic fertilizer and is less harmful to the environment. Due to the product generated, the anaerobic digestion process is expected to dominate other processes.

Based on application, the market is segmented into animal feed, fertilizers, biofuel, and power generation. Animal feed segment accounted for the largest share in 2016 and is also expected to lead the market in the forecast period. Food waste consists of organic waste which can be decontaminated using sterilization technique and can be used as a feedstuff for the animals. There are various techniques used to convert food waste into animal feed, such as using leeches to convert or using different machines.

Food Waste Management Market: Regional Landscape

Europe To Make Notable Contributions Towards Overall Market Share By 2028

Expansion of food waste management market in Europe over the assessment period is due to the focus of EU countries on adopting effective food disposable methods. Huge government investments in research activities related to development of proper food disposal procedures in EU countries will proliferate regional market size. Extraction of biogas from food wastes through an anaerobic digestion process in countries such as Germany will open new dimensions of market growth in Europe. For the record, Germany has nearly around 9,000 -10,000 biogas plants till date and operated by farmers.

Food Waste Management Market: Competitive Landscape

Key players profiled in report and leveraging growth of food waste management market are

• FCC Environment Ltd.
• Veolia Environnement S.A.
• SUEZ, Waste Management Inc.
• Remondis SE & Co. KG
• Stericycle Inc.
• Clean Harbors Inc.
• Covanta Holding Corporation
• Advanced Disposable Services Inc.
• and Waste Connections Inc.

The global Food Waste Management Market is segmented as follows:

By Waste Type

• Cereals
• Dairy Products
• Fruits & Vegetables
• Processed Foods And Coffee Grounds & Tea
• Meat
• Fish & Seafood
• Oilseeds & Pulses

By Application

• Animal Feed
• Fertilizers
• Biofuel & Power Generation

By Process

• Aerobic Digestion
• Anaerobic Digestion
• Incineration/Combustion

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa