Food Waste Management Market Trend, Share, Growth, Size, Analysis and Forecast 2030

Food Waste Management Market

Food Waste Management Market By Waste Type (Cereals, Dairy Products, Fruits & Vegetables, Meat, Fish & Seafood, Oilseeds & Pulses, and Processed Foods And Coffee Grounds & Tea), By Process (Aerobic Digestion, Incineration/Combustion, And Anaerobic Digestion) And By Application (Animal Feed, Fertilizers, and Biofuel & Power Generation): Global Industry Perspective, Comprehensive Analysis And Forecast, 2021 – 2028

Category: Food & Beverage Report Format : PDF Pages: 155 Report Code: ZMR-2927 Published Date: Dec-2021 Status : Published

In 2020, the global Food Waste Management Market size earned $35.2 billion and is expected to earn $53.10 billion by 2028, growing at a CAGR of 5.5%.

Food Waste Management Market Size

The global Food Waste Management Market 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:

Report Attributes Report Details
Report Name Food Waste Management Market Research Report
Market Size in 2020 USD 35.2 Billion
Market Forecast in 2028 USD 53.10 Billion
Compound Annual Growth Rate CAGR of 5.5%
Number of Pages 155
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered 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.
Segments Covered By Product Type, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2020
Historical Year 2018 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization


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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

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

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 environment has resulted into humungous popularity of food waste management systems. Increase in food waste issues in emerging economies will create massive need of food waste management activities in these regions, thereby further erecting new facades of growth for 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 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.

According to Zion market research report, the global Food Waste Management Market 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.

Europe will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to 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 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.

The key market participants include 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.

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