USD 69.8 Billion
Report ID:
SQMIG20L2016 |
Region:
Global |
Published Date: November, 2024
Pages:
221
|Tables:
126
|Figures:
77
Food Waste Management Market size was valued at USD 69.8 Billion in 2023 and is poised to grow from USD 73.57 Billion in 2024 to USD 111.72 Billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).
Food waste has increased due to the rising population, coupled with an increase in manufacturing and consumption rates. Furthermore, the shift in customer demands and preferences has fueled the expansion of the market.
The global food waste management industry is driven by the increasing use of organic waste for animal feed and fertilizer production, reducing greenhouse emissions, and the increasing energy requirements. It is also probable that the increased consumption of processed food, including ready-to-eat meals, will boost the growth of global food waste management industry further. It is expected that the governments’ initiatives to educate people about appropriate fruit and vegetable storage methods to prevent rotting will drive the food waste management market growth.
Companies that produce food waste, such as food processing facilities, merchants, wholesalers, and food service providers, are required to inform the authorities of the source, amount, and disposal procedures.
Increasing government support for waste disposal through the composting process owing to its environmental benefits is anticipated to drive the growth of the composting segment, which, in turn, is expected to drive the overall market. Additionally, rising awareness regarding the recovery of biofuel and compost from food waste using composting is likely to drive the demand for aerobic digestion during the forecast period.
US Food Waste Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 69.8 Billion
Largest Segment
Fruit & Vegetable
Fastest Growth
Dairy Products
Growth Rate
5.4% CAGR
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Global Food Waste Management Market is segmented by Waste Type, Process, Source, Application and region. Based on Waste Type, the market is segmented into Cereals, Dairy products, Fruits & Vegetables, Meat, Fish & Sea, Processed, Others. Based on Process, the market is segmented into Aerobic, Anaerobic, Combustion/Incineration, Others. Based on Source, the market is segmented into Primary Food Producers, Food Manufacturers, Food Distributors & Suppliers, Food Service Providers, Municipalities & Households. Based on Application, the market is segmented into Animal Feed, Fertilizers, Biofuel, Power Generation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Waste Type
As per global food waste management market analysis, the fruit and vegetable segment dominated the market and accounted for 20.3% of the total revenue share in 2024. Improper storage and handling of fresh produce led to spoilage, which, in turn, is expected to lead to higher amounts of waste, thereby driving the demand for the food waste management market. Cereals are majorly consumed in the developed economies of North America and Europe as breakfast and snack items. Factors such as improper preservation and the negligent attitude of consumers toward product expiration dates are expected to drive the accumulation of cereal wastage. In addition, unawareness concerning food wastage is likely to drive the need for cereal waste management.
As per global food waste management market outlook, the dairy products segment is expected to register a CAGR of 5.2% during the forecast period, due to product spoilage carried by unsanitary storage at the inappropriate temperature. The demand for the food waste management industry is anticipated to increase due to developing countries, lack of infrastructure for cold storage of dairy products. Improper disposal of waste leads to the emission of Green House Gases (GHGs), which, in turn, leads to ozone depletion. As a result, governments across the globe are focusing on the waste management of meat and meat products to reduce the impact of GHGs on the environment.
Analysis by Source
As per the global food waste management market forecast, the residential segment dominated the market and accounted for 45.2% of the total revenue share in 2024. Residential food waste is anticipated to increase due to the rapidly expanding population and changing lifestyles. Inadequate food management, excessive food preparation, excessive shopping, poor cooking skills, and inadequate storage are some factors that contribute to food waste in homes. The Environmental Protection Agency (EPA) estimates that 63 million tonnes of food waste were produced in the institutional, commercial, and residential sectors, with about 32% being managed by biochemical processing, animal feed, codigestion/anaerobic digestion, land application, composting, donation, and sewer/wastewater treatment.
The commercial segment is expected to register a CAGR of 6.0% during the forecast period owing to several factors such as overstocking, inefficient production, unskilled trimming, unidentified demand, spoilage, expiration, and overproduction of food items by hotels and restaurants. Businesses in sectors such as foodservice, hospitality, retail, and manufacturing generate significant amounts of food waste, creating a substantial opportunity for advanced waste management solutions. The need for efficient waste management practices in these industries drives demand for innovative technologies that can reduce, recycle, or repurpose food waste. In foodservice and hospitality, the adoption of automated food waste sorting systems, composting, and waste-to-energy technologies is becoming increasingly common.
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North America region dominated the market and accounted for 34.6% of the total revenue share in 2024. The factors contributing to food waste management in North America include food products deterioration, overproduction, lack of cold-chain infrastructure, rigid food-grading specifications, standardized date labeling practices, and varying customer demand. The EU member states are working to reduce food waste at the source while also investing in proper disposal ways to obtain beneficial goods like fertilizers and biogas from the processes. For instance, the EU is committed to fulfilling SDG Target 12.3 of halving per capita global food waste at consumer and retail levels by 2030. Moreover, strict food waste management rules are projected to drive the market in the region during the forecast period.
The Asia Pacific region is expected to witness a CAGR of 5.9% during the forecast period. The food waste management industry in Asia Pacific is a major factor in the economic development of the region. Substantial growth is expected in food trade with increasing levels of national and regional specialization. With a growing population and rising income, the food sector is likely to expand rapidly during the forecast period, thereby contributing to market growth. The advanced economies in the Middle East & Africa, such as Qatar, majorly contribute to the global food wastage on account of the lack of concern regarding losses associated with food.
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Increasing Adoption of Advanced Technologies
Growth of Food Processing Sector
Food Waste Management Market Restraints
Complex Waste Segregation and Limited Infrastructure
High Initial Investment Costs
The implementation of advanced food waste management solutions, such as anaerobic digestion plants, composting facilities, and bioconversion technologies, requires substantial initial capital investment. These high costs can be a significant barrier, particularly for small-scale businesses and local municipalities with limited budgets, hindering the widespread adoption of such technologies.
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The food waste management market is highly competitive, with numerous global and regional players striving to enhance their market presence through innovative waste management solutions and strategic collaborations. Key companies such as Veolia Environnement, Waste Management Inc., SUEZ, Republic Services Inc., and Clean Harbors dominate the market by offering comprehensive waste collection, recycling, and disposal services. These companies leverage advanced technologies, including anaerobic digestion, composting, and bioconversion, to convert food waste into valuable by-products such as bioenergy, organic fertilizers, and animal feed.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to SkyQuest analysis, the food waste management market focuses on the efficient collection, disposal, and recycling of food waste across various sectors. Drivers of market growth include increasing environmental awareness, strict regulations, and the need to reduce greenhouse gas emissions. The shift towards a circular economy and resource conservation further fuels industry expansion. Challenges include significant infrastructure investments, complex waste segregation, and high costs of recycling technologies. These challenges create opportunities for innovation and technology development in the food waste management. The market plays a vital role in addressing global food wastage issues and promotes sustainability efforts. International cooperation and agreements on food waste reduction are driving the standardization of waste management practices. Innovative approaches, such as community composting and smart waste collection systems, are emerging as solutions to streamline food waste management processes and minimize environmental impact.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 69.8 Billion |
Market size value in 2032 | USD 111.72 Billion |
Growth Rate | 5.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Food Waste Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Waste Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Waste Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Waste Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Food Waste Management Market size was valued at USD 69.8 Billion in 2023 and is poised to grow from USD 73.57 Billion in 2024 to USD 111.72 Billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).
Key vendors in Food Waste Management Market are: 'Veolia Environnement S.A.', 'Suez S.A.', 'Waste Management, Inc.', 'Republic Services, Inc.', 'Clean Harbors, Inc.', 'Covanta Holding Corporation', 'Stericycle, Inc.', 'Remondis SE & Co. KG', 'Biffa plc', 'Rumpke Waste & Recycling', 'Advanced Disposal Services, Inc. (acquired by Waste Management)', 'Cleanaway Waste Management Limited', 'FCC Recycling (UK) Limited', 'DS Smith plc', 'Waste Connections, Inc.', 'Hearthside Food Solutions LLC', 'Biomethane Ltd.', 'Anaergia Inc.', 'Ecomaine', 'Valorgain'
Governments and food management institutions have responded by implementing stringent regulations, hastening industry growth. Governments around the world are launching initiatives to reduce food waste, such as Love Food, Hate Waste in the United Kingdom and the Stop Wasting Food mobilization in Denmark. Furthermore, the Think Eat Save global collaboration between Messe Düsseldorf, FAO, and the United Nations Environmental Program (UNEP) aims to raise food waste management awareness in support of the UN Secretary-Hunger General's Challenge.
The Idaho Department of Environmental Quality (DEQ) is looking for innovative waste reduction or prevention proposals. The grant money is provided by the US Environmental Protection Agency's Sustainable Materials Management Program, which promotes the use and reusing of materials more productively throughout their entire lifecycle. Projects may include efforts to reduce food waste through diversion or composting, packaging waste reduction through the development or enhancement of recycling or re-use programmes, and increasing the recycling and reuse rate of construction and demolition waste.
North America dominated the market, accounting for 35.9% of total revenue in 2022. Damage to food products, overproduction, a lack of cold-chain infrastructure, strict food-grading specifications, standardized date labelling practices, and varying customer demand are all factors that contribute to food waste management in North America.
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Report ID: SQMIG20L2016
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