Asia Pacific Food Waste Management Market size is expected to experience moderate growth to record a CAGR of 7.0% throughout the forecast period 2020-2025. Food waste is primarily made up of animal oils, fats, and by-products that become marketable products, especially tallow, meat, and protein-rich fats, among others. These products are used in the production of biofuels, soap, pet food, cosmetics, toothpaste, leather, lubricants, pharmaceuticals, etc. Food waste is expected to increase at an alarming rate, which will cause several challenges for the food industry during the forecast period, resulting in the growth of the Asia Pacific Food Waste Management Market.
Furthermore, unwanted food spills at weddings, parties, restaurants, and hotels also support the need for proper food waste management. These factors boost the growth of the Asia Pacific Food Waste Management Market during the forecast period.
Impact of COVID-19 on Asia Pacific Food Waste Management Market
While food and beverage manufacturers and processors are more likely to be affected by coronavirus because of the shortage of labor and raw materials needed for the production process, foodservice and retail outlets must be facing more intense challenges from the beginning. For food retailers, the challenge would be to face the possibility of an irregular influx of consumers and, on the other hand, also assess the possibility of storing food products and beverages to ensure business continuity consumer access to the products they intend to buy. Concerns about food safety and the potential risk of transmission of the virus through public contact have significantly affected consumer visits to restaurants. In addition, while the prices of food and beverages and agricultural products have remained stable, a prolonged outbreak of COVID-19 will generate economic instability and food inflation.
Asia Pacific Food Waste Management Market Drivers and Restraints:
The growing demand for improved technologies, such as gasification for waste treatment, is expected to create new opportunities in the next seven years. The gasification process converts organic materials such as biomass or combinations of inorganic and organic surpluses into a combustible gas called synthesis gas. The adverse effects of incineration and landfill techniques on the environment are expected to hamper Asia Pacific Food Waste Management Market growth. Both incineration and landfill contribute to GHG emissions, the leading cause of global warming. The incineration process involves burning the waste to turn it into ash and heat while landfill leaks can contaminate the water surfaces. Anaerobic digestion is the latest technological trend that should stimulate industrial growth to eliminate food waste, as it aids to recover energy and nutrients from products. Waste separation and collection is a significant challenge that is presumed to stimulate industry demand during the forecast period.
Food waste has been found to be high in developing and underdeveloped countries. And to overcome this problem, the governments of several countries are developing strict rules and regulations to minimize food waste. Food waste management companies that primarily focus on emerging economies in the Asia Pacific region to educate consumers about food waste and its management.
Recent Happenings in Food Waste Management Industry:
Food Waste Management Market Detailed Segment and Sub Segment Analysis:
By Waste Type:
Growth and Share Insights in the Asia Pacific Region:
The market for Asia Pacific Food Waste Management has been categorized on the basis of geography to clearly understand the local market. The Asia Pacific Food Waste Management market has been divided into China, Taiwan, South Korea, New Zealand, India, Japan, Australia, and the rest of the Asia-Pacific.
Asia-Pacific is anticipated to experience significant growth due to increased exports of various products, which is expected to enhance the volume of waste during transit further. The region's food waste is mostly decomposed and transformed into biogas, which is also used in the production of electricity. Food waste management companies that primarily focus on developing economies in the Asia Pacific region to educate consumers about food waste and its management. Moreover, the Asia Pacific area is foreseen to experience maximum growth in the food waste management market during the corresponding period 2020-2025.
Top Major Leading Competitor’s Share Analysed in this research report are:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Food Waste Management Market, By Type
6.1.2 Dairy Products
6.1.3 Fruits & Vegetables
6.1.5 Fish & Sea Food
6.1.6 Processed Food
6.1.7 Market Size Estimations & Forecasts (2019-2024)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Food Waste Management Market, By Process
6.2.1 Aerobic Digestion
6.2.2 Anaerobic Digestion
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Food Waste Management Market, By Application
6.3.1 Animal Feed
6.3.4 Power Generation
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Food Waste Management Market, By Source
6.4.1 Primary Food Producers
6.4.2 Food Manufacturers
6.4.3 Food Distributors & Suppliers
6.4.4 Food Service Providers
6.4.5 Municipalities & Households
6.4.6 Market Size Estimations & Forecasts (2019-2024)
6.4.7 Y-o-Y Growth Rate Analysis
6.4.8 Market Attractiveness Index
6.5 Food Waste Management Market, By Method
6.5.4 Market Size Estimations & Forecasts (2019-2024)
6.5.5 Y-o-Y Growth Rate Analysis
6.5.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.1 Asia Pacific
7.2.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
8. Key Player Analysis
8.1 Advanced Disposal Services, Inc
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Republic Services, Inc.
8.3 Waste Management, Inc.
8.4 Waste Connections Inc.
8.5 Stericycle, Inc.
8.6 Clean Harbors, Inc.
8.7 FCC Environment Ltd.
8.8 Veolia Environnement SA
8.9 CT Environmental Group Ltd.
8.10 Recology Inc.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures