Overview and Scope
Food waste management refers to the systematic and responsible handling of food waste to reduce its environmental impact, promote sustainability, and ensure the efficient utilization of resources throughout the entire food supply chain. It involves taking measures to prevent food waste from occurring in the first place.
Sizing and Forecast
The food waste management market size has grown strongly in recent years. It will grow from $69.62 billion in 2023 to $74.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to regulatory initiatives and compliance, rising environmental awareness, cost reduction and resource efficiency, corporate social responsibility (csr), public awareness and education campaigns..
The food waste management market size is expected to see strong growth in the next few years. It will grow to $93.52 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to circular economy initiatives, government incentives and policies, consumer demand for sustainable practices.. Major trends in the forecast period include advancements in food waste recovery technologies, focus on consumer education and behavioral change, introduction of food waste tracking apps, implementation of circular economy practices, global initiatives to address food loss and waste..
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Segmentation & Regional Insights
The food waste management market covered in this report is segmented –
1) By Waste Type: Cereals, Dairy And Dairy Products, Fruits And Vegetables, Meat And Poultry, Fish And Seafood, Oilseeds And Pulses, Roots And Tubers, Other Waste Types
2) By Service: Collection, Transportation, Disposal And Recycling
3) By Source: Residential, Industrial
4) By Application: Feed, Fertilizers, Biofuel, Power Generation, Other Applications
5) By End-User: Primary Food Producers, Food Manufacturers, Food Distributors And Suppliers, Food Service Providers, Municipalities And Households
North America was the largest region in the food waste management market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing organic municipal waste is expected to propel the growth of the food waste management market going forward. Organic municipal waste refers to municipal solid waste (MSW) comprising biodegradable organic materials derived from living organisms. Food waste management plays a crucial role in the overall management of organic municipal waste, which includes food waste, yard waste, and other biodegradable materials that can be effectively and sustainably managed through proper food waste management practices. For instance, in June 2023, according to a report published by the Department for Environment, Food, and Rural Affairs (DEFRA), a UK-based government office, organic municipal waste in the UK grew from 6.1 million metric tons in 2020 to 6.8 million metric tons in 2021. Therefore, the increasing organic municipal waste will drive the growth of the food waste management market.
Key Industry Players
Major companies operating in the food waste management market report are Veolia Environnement S.A., Waste Management Inc., Remondis SE & Co. KG, Republic Services Inc., FCC Environment Limited, DS Smith plc, Suez S.A., Waste Connections Inc., Hearthside Phood Solutions LLC, Clean Harbors Inc., Cleanaway Waste Management Limited, Covanta Ltd., Covanta Holding Corp., Cleanaway Waste Management Ltd., Advanced Disposal Services Inc., Biffa Group Ltd., Implexians Eco Solutions Pvt. Ltd., Casella Waste Systems Inc., Rumpke Consolidated Companies Inc., FCC Recycling (UK) Limited, Lakeshore Recycling Systems LLC, Biancamano S.p.A, Enerkem Inc., Copia Pbc, Goodr Inc., Modern Waste Products Inc., Eoms Recycling Inc., Ecofast Italia S.R.L., Kitro S.A., Missouri Organic Recycling
The food waste management market report table of contents includes:
1. Executive Summary
2. Food Waste Management Market Characteristics
3. Food Waste Management Market Trends And Strategies
4. Food Waste Management Market – Macro Economic Scenario
5. Global Food Waste Management Market Size and Growth
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32. Global Food Waste Management Market Competitive Benchmarking
33. Global Food Waste Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Food Waste Management Market
35. Food Waste Management Market Future Outlook and Potential Analysis
36. Appendix
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