Europe Food Waste Management Market is expected to experience moderate growth to record a CAGR of 5.7% throughout the forecast period 2022 - 2027. Food waste is primarily made up of animal oils, fats, and by-products that become marketable products, especially grease, meat, and protein-rich fats, among others. These products have applications in the making 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 Europe Food Waste Management Market. Furthermore, unwanted food spills at weddings, parties, restaurants, and hotels also support the need for proper food waste management. All these factors are bolstering the growth of the Europe Food Waste Management Market during the forecast period.
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
5.7% |
Segments Covered |
By Type, By Process, By Application, By Source, By Method, and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Clean Harbors, Inc., Suez Environment, Stericycle, Inc., Waste Management, Inc., Republic Services, Inc., and Veolia Environment. |
Europe Food Waste Management Market Drivers and Restraints:
The use of food waste as a renewable energy source is an essential factor stimulating the market for Europe Food Waste Management systems. Food waste is one of the causes of methane that is used as a renewable energy source to power the various treatment plants. The trend shows that most of the food waste generated from food waste is recycled to produce organic fertilizers or animal feed, driving the growth of the Europe Food Waste Management market. 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. On the other hand, the appearance of new technologies for the elimination of residues, followed by the need to generate another energy source, constitute opportunities in the world market for the Europe Food Waste Management.
Recent Happenings in European Food Waste Management Industry:
European Food Waste Management Market Detailed Segment and Sub Segment Analysis:
Based on Waste Type:
Based on Process:
Based on Application:
Based on Source:
Based on Method:
Europe is the leading market for food waste management Industry:
Europe Food Waste Management Market has been classified on the basis of geography to understand the market clearly. The Europe Food Waste Management Market has been divided into the United Kingdom, Germany, France, Italy, Spain, and the rest of Europe.
Europe is the leading market for food waste management solutions. One of the main factors behind its growth is the increase in government initiatives to reduce food waste. Furthermore, significant investments in advanced disposable techniques to generate useful products such as fertilizers and biogas have also strengthened its position in the world market. In the European region, waste management legislation has forced retail sectors, service providers, and food manufacturers to develop the elimination and recycling of food waste without affecting the environment. Some of the most notable trends in food waste management have occurred in European countries, including the United Kingdom, Denmark, Hungary, and the Netherlands. Sweden has been praised globally for being a leader in food waste management, with its recent efforts to import waste from other countries to turn it into biogas. This led Europe to position itself geographically in the food waste management market, with 40% of the overall revenue in 2018.
Impact of COVID-19 on Europe Food Waste Management Market
The 2020 coronavirus pandemic has led to shutdowns in the European food industry, leading to a loss of income and layoffs of workers for owners and restaurants. This had an impact on retail grocery stores, and panic buying was noticeable since March 2 in some areas. The closures have affected the distribution of food and drink. In early April, with grocery stores experiencing a dairy shortage, farmers whose main customers were in the restaurant supply chain were abandoning their products due to lack of demand.
Leading Company:
Veolia Environnement S.A. had the largest share of the Europe Food Waste Management Market in terms of sales and revenue in 2019.
Top Major Leading Competitor’s Share Analysed in Food Waste Management Market report are:
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