Share on

Food Waste Management Market Analysis By Type (Cereals, Dairy Products, Fruits & Vegetables, Meat, Fish & Sea Food, and Processed Food), By Process (Aerobic Digestion, Anaerobic Digestion, Combustion/Incineration, and Others), By Application (Animal Feed, Fertilizers, Biofuel, and Power Generation),By Region Global Industry Analysis Size, Growth, Share, Trends Forecast 2022 to 2027

Published: January, 2022
ID: 8729
Pages: 170
Formats: report pdf report excel report power bi report ppt

Food Waste Management Market Size, Value (2022 - 2027)

Food Waste Management Market is estimated to grow in a way that records a CAGR of 5.3% during the period of 2022 - 2027.

Food Waste Management Market Overview

 The Food Waste Management Market size is projected to reach significantly during the forecast period speedy industrialization and increasing R&D activities for developing efficient systems are expected to have a positive effect on Food Waste Management Market growth. Europe Food Waste Management Market has acquired a share of over 32.5% of the global market revenue. The North American food waste management market is expected to get valued at USD 13.84 billion by the end of 2025, attributed to the lack of cold-chain infrastructure, overproduction, market fluctuations, and varying consumer demand. Increasing awareness among people to reduce wastage of food is a major factor that was bolstering the global food waste management market

Recent Developments in the Industry:

  1. Harsco Corporation HSC has announced that it has signed a deal with Stericycle, Inc. SRCL which states it to buy the Stericycle Environmental Solutions Business.

  2. Waste Connections, a North American integrated waste services company that provides waste collection, disposal, transfer, and recycling services, primarily of solid waste, has completed $838M worth of acquisitions.

Food Waste Management Market Growth:

Food waste is an inedible part of food which were removed from the food supply chain that will be recovered or disposed of. The management procedures of this waste of food are known as food waste management. Landfills and greenhouse gases, agricultural food waste, animal feed, cockroach feeding, anaerobic digestion, commercial liquid food waste, and composting are the different types of disposable methods that are involved in the food waste management market.The survey which was conducted by the Food and Agriculture Organization of the United Nations states that one-third of the food for human consumption, equivalent to 1.3 billion tonnes that were produced in the world gets either lost during supply chain management or wasted intentionally. This wastage of food is a serious issue that needs to get immediate attention coupled with the number of initiatives started by the governments of various nations with the co-operation of engineering firms as the latter invest in research and development of food waste management machinery is propelling the growth of the global food waste management market.

Food Waste Management Industry Drivers and Restraints

The rapid growth of the food industry is one of the significant factors for the growth of the global food waste management market owing to the requirement of food waste management systems involved in the rising trend of an increasing number of restaurants, dining out, hotels, quick service restaurant, and other food outlets.Additionally, increasing wastage of food significantly in the food supply chain because of the several systems that are installed, including anaerobic and aerobic digestion processes for food waste recycling. Also, the rising population, high environmental awareness, and rapid industrialization have further fueled the demand for solutions to food waste management which is affecting the target market positively. However, the expensive costs of operating and maintaining the food wastage firm constitute a significant restraint of the global food waste management market.

Food Waste Management Market Segmentation:

By Waste Type:

  • Cereals

  • Dairy Products

  • Fruits & Vegetables

  • Meat

  • Fish & Sea Food

  • Processed Food

In the type segmentation of the global food waste management market, the Fruits and vegetable segment has held a significant market share in terms of revenue with over 40.6% owing to their improper handling, processing, storage, and cultivation of the produce. Most of the fruits and vegetables are wasted in the stages of production and harvesting procedures.

The meat segment is estimated to be one of the fastest-growing segments during the outlook period. The rapid growth of this market in the coming years is attributed to the rising generation of edible wastage in developed countries like the U.S., and Japan. Additionally, increased government initiatives regarding the waste management of these meat and meat products to decline the impact of Green House Gases (GHGs) on the environment is estimated to boost this segment in the target market

By Process:

  • Aerobic Digestion

  • Anaerobic Digestion

  • Combustion/Incineration

  • Others

From the Process segmentation, the anaerobic digestion segment is contributing to having a significant share when compared to the other processes involved in the food waste treatment. The anaerobic digestion segment has acquired 45.2% of the food waste management market's global revenue share. The growth of this segment is attributed to its extensive usage in the process of waste disposal as it aids in recovering energy like nutrients and biogas.

The aerobic digestion segment is anticipated to get valued at around USD 3.80 billion during the forecast period owing to its ability to decompose food waste like cereals and fruits & vegetables by forming compost that is used as the fertilizers, as its composition includes phosphorous, potassium, and nitrogen, as well as the presence of micro-organisms which can condition the soil.

By Application:

  • Animal Feed

  • Fertilizers

  • Biofuel

  • Power Generation

In the application outlook of the global food waste management market, the fertilizer segment is estimated to witness the fastest growth during the forecast period by recording a CAGR of 4.2%, in terms of revenue. The growth of this segment is attributed to the increasing demand from the farmers that is to decrease the contamination of water and land from the leaching of synthetic fertilizers.=Additionally, the usage of food waste as a fertilizer aids in soil conditioning or repairing ability of fertilizers in developing the holding capacity of water coupled with the absorption of nutrients is fuelling the growth of this segment.

By Source:

  • Primary Food Producers

  • Food Manufacturers

  • Food Distributors & Suppliers

  • Food Service Providers

  • Municipalities & Households

From the outlook of the source, municipalities and the household sector is likely to record a CAGR of 5.5% and grow significantly in terms of revenue during the forecast period. The growth of the target segment is due to the increase in wastage by consumers around the world.

By Method: 

  • Prevention

  • Recovery

  • Recycling

  • Others

Food Waste Management Industry Regional Analysis

  •  North America (United States, Canada),

  • Latin America (Brazil, Argentina, Mexico),

  • Europe (United Kingdom, France, Germany, Spain, Italy),

  • Middle East and Africa Condensed (Saudi Arabia, United Arab Emirates, Lebanon, Jordan, Cyprus),

  • Asia Pacific (China, India, Japan, South America, Australia, New Zealand, and Southeast Asia),

 Europe is the region that has acquired a share of over 32.5% of the market revenue. The factors contributing to the regional growth include government initiative for reducing food wastage along with the rising investment in advanced disposable techniques to acquire useful products like biogas and fertilizers are the growth factors of the target market in Europe.

Food Waste Management Market key players

  1. Advanced Disposal Services, Inc.

  2. Republic Services, Inc.

  3. Waste Management, Inc.

  4.  Waste Connections Inc.

  5. Stericycle, Inc.

  6. Clean Harbors, Inc.

  7. FCC Environment Ltd.

  8. Veolia Environnement SA

  9. CT Environmental Group Ltd.

  10. Recology Inc.

 

Please wait. . . . Your request is being processed

FAQ's

What Can Be The Compound Annual Growth Rate Of The Food Waste Management Market ?

Food Waste Management Market Can Expand With A CAGR 5.3 % in a given Forecast Period.

Mention The Major Key Players In The Food Waste Management Market ?

  1. Advanced Disposal Services, Inc.

  2. Republic Services, Inc.

  3. Waste Management, Inc.

  4.  Waste Connections Inc.

  5. Stericycle, Inc.

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: sales@marketdataforecast.com

Click for Request Sample