Food Waste Management Market Outlook
Food waste management involves numerous activities that are essential for disposing of food waste. It also includes waste prevention, collection, treatment, recovery, transportation, and recycling with the help of several management procedures. Some of these disposal techniques include landfills, composting, and anaerobic digestion of the generated wastes that are used across the commercial and residential segments.
The global food waste management market is expected to exhibit a CAGR of 6.2% during 2022-2027.
Furthermore, the rising amount of food waste being dumped in open landfills has impelled government bodies of various countries for introducing efficient waste management solutions at residential and commercial levels to reduce the generation of waste at the source and spread awareness regarding waste recycling, which is also propelling the global market.
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Food Waste Management Market Trends:
The expanding food and beverages sector across the globe is among the key factors stimulating the food waste management market. Moreover, the increasing consumption of convenience foods by the masses has led to the generation of large volumes of food waste from hotels, restaurants, and fast-food joints, which requires the usage of food waste management solutions for effective collection and segregation of the waste at the source level is acting as another significant growth-inducing factor. Besides this, the growing global population and the inflating incomes of individuals are positively influencing the market growth.
Apart from this, the growing utilization of biomass that deploys biomass waste for energy generation is further fuelling the market growth. Additionally, the widespread adoption of technological innovations, including automated waste collections, novel sensor-based technology, and enzyme-based food management solutions is also driving the global market. In addition to this, the increasing industrialization and the rising usage of organic wastes for the production of fertilizers and animal feeds are anticipated to fuel the food waste management market over the forecasted period.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Clean Harbors Inc.
- Covanta Holding Corporation
- FCC Environment (UK) Limited
- Hulsey Environmental Services Inc.
- Remondis SE and Co. KG
- Republic Services Inc.
- Stericycle Inc.
- Suez (Sofina)
- Veolia and Waste Management Inc.
Key Market Segmentation:
The report has categorized the market based on waste type, process, source and application.
Breakup by Waste Type:
- Cereals
- Dairy Products
- Fruits and Vegetables
- Fish and Sea Food
- Processed Food
- Others
Breakup by Process:
- Aerobic Digestion
- Anaerobic Digestion
- Combustion/Incineration
- Others
Breakup by Source:
- Primary Food Producers
- Food Manufacturers
- Food Distributors and Suppliers
- Food Service Providers
- Municipalities and Households
Breakup by Application:
- Animal Feed
- Fertilizers
- Biofuel
- Power Generation
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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