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Food Waste Management Market - Global Industry Analysis

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

Published Date: 14-Dec-2021 Category: Food & Beverage Report Format : PDF Pages: 155 Report Code: ZMR-2927 Status : Published

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.

Description

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).

Food Waste Management Market: Overview

Wastage of food as well as its accumulation is an emerging issue arising due to constant rise in global population. 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 adoption of standard management practices referred 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, 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.  

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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 included 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

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.

Regional Landscape

Europe To Make Notable Contributions Towards Overall Market Share By 2028

Expansion of food waste management market in Europe over assessment period is due 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.

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

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Food Waste Management Market, 2018–2028(USD Billion)
    • 2.2. Food Waste Management Market: Snapshot
  • Chapter 3. Global Food Waste Management Market– Industry Analysis
    • 3.1. Food Waste Management Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Necessity of improving efficacy of food supply chain events and reducing food wastage is predicted to drive industry space.
      • 3.2.2. Changes in dietary habits leading to huge food waste will strongly influence growth of food waste management market
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Waste Type
      • 3.4.2. Market attractiveness analysis By Process
      • 3.4.3. Market attractiveness analysis By Application
  • Chapter 4. Global Food Waste Management Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Food Waste Management Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Service launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Food Waste Management Market– Waste Type Analysis
    • 5.1. Global Food Waste Management Market overview: By Waste Type
      • 5.1.1. Global Food Waste Management Market share, By Waste Type, 2020 and 2028
    • 5.2. Cereals
      • 5.2.1. Global Food Waste Management Market by Cereals, 2018–2028(USD Billion)
    • 5.3. Dairy Products
      • 5.3.1. Global Food Waste Management Market by Dairy Products, 2018–2028(USD Billion)
    • 5.4. Fruits & Vegetables
      • 5.4.1. Global Food Waste Management Market by Fruits & Vegetables, 2018–2028(USD Billion)
    • 5.5. Processed Foods And Coffee Grounds & Tea
      • 5.5.1. Global Food Waste Management Market by Processed Foods And Coffee Grounds & Tea, 2018–2028(USD Billion)
    • 5.6. Meat
      • 5.6.1. Global Food Waste Management Market by Meat, 2018–2028(USD Billion)
    • 5.7. Fish & Seafood
      • 5.7.1. Global Food Waste Management Market by Fish & Seafood, 2018–2028(USD Billion)
    • 5.8. Oilseeds & Pulses
      • 5.8.1. Global Food Waste Management Market by Oilseeds & Pulses, 2018–2028(USD Billion)
  • Chapter 6. Global Food Waste Management Market– Process Analysis
    • 6.1. Global Food Waste Management Market overview: By Process
      • 6.1.1. Global Food Waste Management Market share, By Process, 2020 and 2028
    • 6.2. Aerobic Digestion
      • 6.2.1. Global Food Waste Management Market by Aerobic Digestion , 2018–2028(USD Billion)
    • 6.3. Anaerobic Digestion
      • 6.3.1. Global Food Waste Management Market by Anaerobic Digestion, 2018–2028(USD Billion)
    • 6.4. Incineration/Combustion
      • 6.4.1. Global Food Waste Management Market by Incineration/Combustion, 2018–2028(USD Billion)
  • Chapter 7. Global Food Waste Management Market overview: By Application
    • 7.1. Global Food Waste Management Market share, By Application , 2020 and 2028
    • 7.2. Animal Feed
      • 7.2.1. Global Food Waste Management Market by Animal Feed, 2018–2028(USD Billion)
    • 7.3. Fertilizers
      • 7.3.1. Global Food Waste Management Market by Fertilizers, 2018–2028(USD Billion)
    • 7.4. Biofuel & Power Generation
      • 7.4.1. Global Food Waste Management Market by Biofuel & Power Generation, 2018–2028(USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. FCC Environment Ltd.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Service Portfulio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Veulia Environnement S.A.
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Service Portfulio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. SUEZ
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Service Portfulio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Development
    • 8.4. Remondis SE & Co. KG
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Service Portfulio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. Stericycle Inc.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Service Portfulio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Clean Harbors Inc.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Service Portfulio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Covanta Hulding Corporation
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Service Portfulio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Advanced Disposable Services Inc.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Service Portfulio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Waste Connections Inc.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Service Portfulio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Waste Management Inc.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Service Portfulio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Food Waste Management Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Food Waste Management Market attractiveness, By Waste Type
6. Global Food Waste Management Market attractiveness, By Process
7. Global Food Waste Management Market attractiveness, By Application
8. Global Food Waste Management Market share by Waste Type ,2020 and 2028 (USD Billion)
9. Global Food Waste Management Market by Cereals, 2018–2028(USD Billion)
10. Global Food Waste Management Market by Dairy Products, 2018–2028(USD Billion)
11. Global Food Waste Management Market by Fruits & Vegetables, 2018–2028(USD Billion)
12. Global Food Waste Management Market by Processed Foods And Coffee Grounds & Tea, 2018–2028(USD Billion)
13. Global Food Waste Management Market by Meat, 2018–2028(USD Billion)
14. Global Food Waste Management Market by Fish & Seafood, 2018–2028(USD Billion)
15. Global Food Waste Management Market by Oilseeds & Pulses, 2018–2028(USD Billion)
16. Global Food Waste Management Market share by Process,2020 and 2028 (USD Billion)
17. Global Food Waste Management Market by Aerobic Digestion ,  2018–2028(USD Billion)
18. Global Food Waste Management Market by Anaerobic Digestion,  2018–2028(USD Billion)
19. Global Food Waste Management Market by Incineration/Combustion , 2018–2028(USD Billion)
20. Global Food Waste Management Market share by Application ,2020 and 2028 (USD Billion)
21. Global Food Waste Management Market by Animal Feed, 2018–2028(USD Billion)
22. Global Food Waste Management Market by Fertilizers, 2018–2028(USD Billion)
23. Global Food Waste Management Market by Biofuel & Power Generation, 2018–2028(USD Billion)
24. Global Food Waste Management Market share, by Region, 2020 and 2028
25. North America Food Waste Management Market, 2018–2028(USD Billion)
26. Europe Food Waste Management Market, 2018–2028(USD Billion)
27. Asia Pacific Food Waste Management Market, 2018–2028(USD Billion)
28. Latin America Food Waste Management Market, 2018–2028(USD Billion)
29. The Middle East and Africa Food Waste Management Market, 2018–2028(USD Billion)
 


List of Tables

1. Global Food Waste Management Market: snapshot
2. Drivers of the Food Waste Management Market: impact analysis
3. North America Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
4. North America Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
5. North America Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
6. The U.S. Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
7. The U.S. Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
8. The U.S. Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
9. Rest of North America Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
10. Rest of North America Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
11. Rest of North America Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
12. Europe Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
13. Europe Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
14. Europe Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
15. UK Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
16. UK Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
17. UK Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
18. France Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
19. France Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
20. France Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
21. Germany Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
22. Germany Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
23. Germany Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
24. Rest of Europe Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
25. Rest of Europe Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
26. Rest of Europe Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
27. Asia Pacific Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
28. Asia Pacific Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
29. Asia Pacific Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
30. China Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
31. China Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
32. China Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
33. Japan Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
34. Japan Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
35. Japan Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
36. India Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
37. India Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
38. India Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
39. Rest of Asia Pacific Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
40. Rest of Asia Pacific Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
41. Rest of Asia Pacific Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
42. Latin America Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
43. Latin America Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
44. Latin America Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
45. Brazil Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
46. Brazil Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
47. Brazil Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
48. Rest of Latin America Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
49. Rest of Latin America Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
50. Rest of Latin  America Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
51. The Middle East and Africa Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
52. The Middle East and Africa Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
53. The Middle East and Africa Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
54. Saudi Arabia Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
55. Saudi Arabia Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
56. Saudi Arabia Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
57. South Africa Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
58. South Africa Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
59. South Africa Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)
60. Rest of the Middle East & Africa Food Waste Management Market revenue, By Waste Type  ,2018–2028(USD Billion)
61. Rest of the Middle East & Africa Food Waste Management Market revenue, By Process ,2018–2028(USD Billion)
62. Rest of the Middle East & Africa Food Waste Management Market revenue, By Application ,2018–2028(USD Billion)

 
 

Methodology

Free Analysis

One-third of the food grown for human consumption is never consumed which leads to the food waste. Food waste is the organic waste which is generated when food which is discarded or lost uneaten by the humans. The food waste generally occurs at the stages of production, processing, retailing and consumption of food. The food going out of date is the main reason for the wastage of food in the household. These food waste needs to be managed and converted into useful by-products so that it does not affect the environment during its bio-degradation process.

Increase in the amount of unwanted food dumped across the globe because of the uneven production and consumption of food in restaurants, homes, marriages, and parties have led to the increase in the need for management of food waste generated. Rapid industrialization, reducing greenhouse emission, and increase in the usage of organic waste for production of animal feed and fertilizers have also influenced the growth of the global food waste management market. The importance of research and innovation for developing various technologies which are efficient for food waste management also fuels the growth of the market. Stringent waste management regulations incorporated by the world governments has led to the adoption of waste management services by various industry verticals and household which drives the growth of the market. The restraining factor for the food waste management market is the landfill and incineration techniques which cause harmful effects on the environment.

The waste type segment is bifurcated into cereals, dairy products, fruits & vegetables, meat, fish & seafood, oilseeds & pulses, processed foods and coffee grounds & tea. Fruits & vegetables require proper handling and also have a low shelf life as compared to other waste types. Due to its high biodegradability, they posses environmental problems and also has more economic cost as compared to other food wastes. Due to these reasons, the fruit & vegetable segment is expected to dominate the market in the forecast period.

Global Food Waste Management Market

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.

North America is projected to continue its supremacy, in global food waste management market, which will be followed by Europe in the forthcoming years. The increasing technological innovation in different processes of food waste management is responsible for the overall growth of the market in North America.

Some of the key players in the global food waste management market are Veolia Environment, SUEZ, Waste Management Inc., FCC Environment Ltd., Remondis SE & Co. KG, Stericycle Inc., Clean Harbors Inc., Covanta Holding Corporation, Advanced Disposable Services Inc. and Waste Connections Inc. Some Players are engaged in providing a line of various waste management services, which are highly useful in the food industry.

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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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