USD 66.22 billion
Global Food Waste Management Market Size, Share, Growth Analysis, By Waste Type(Cereals, Dairy Products), By Process(Aerobic Digestion (Composting), Anaerobic Digestion), By Application(Feed, Fertilizers), By End-User(Residential, Industrial) - Industry Forecast 2024-2031
Report ID:
SQMIG20L2016 |
Region:
Global |
Published Date: February, 2024
Pages:
221
|
Tables:
126 |
Figures:
77
Global Food Waste Management Market Insights
Food Waste Management Market size was valued at USD 66.22 billion in 2019 and is poised to grow from USD 69.8 billion in 2023 to USD 106.31 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).
The global concern about food waste is fueling the growth of the Food Waste Management market. Expansion is expected to be aided by rising consumer demand for novel food products and exotic foods such as tropical fruits, fine coffee, and imported goods. The increase in global food waste, the desire to reduce emissions of greenhouse gases and the rising use of biowaste for the manufacturing process of feed and biofertilizers are all contributing factors to the market's expansion. The fruits and vegetables sector is expected to dominate the global market over the forecast period due to the large amount of waste produced by fruits, vegetables, roots, and tubers.
Food waste has increased as the population has grown, as has the rate of manufacturing and consumption. Furthermore, changes in customer preferences and tastes have fueled market growth. The COVID-19 pandemic has continued to wreak havoc around the world, posing major challenges to nutrition and food security in countries such as South Africa, the United Arab Emirates, and Saudi Arabia. Food waste increased significantly as a result of supply chain disruptions caused by roadblocks, transportation restrictions, and quarantine measures, especially for perishable agricultural items such as fruits, vegetables, fish, meat, and dairy products, driving future growth.
According to the FAO, while approximately 1.4 billion tonnes of food are wasted globally each year, the United States discards between 40 and 80 billion pounds of food each year. According to the United States Department of Agriculture, the amount of food wasted in the United States is equivalent to 219 pounds of waste per person, which will benefit the food waste management market.
The availability of health-conscious consumers in the United States is likely to increase the consumption of vegetables and fruits in the country, resulting in more food waste. Furthermore, the government's increased emphasis on educating the public on proper storage methods for fruits and vegetables to protect rotting is expected to reduce the amount of waste generated.
US Food Waste Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Residential
Fastest Growth
Residential
Growth Rate
5.4% CAGR
Global Food Waste Management Market($Bn)
Country Share for North America Region (%)
Global Food Waste Management Market size by End-user($Bn)
Global Food Waste Management Market size by End-user($Bn)
To get more reports on the above market click here to Buy The Report
Global Food Waste Management Market Segmental Analysis
Global Food Waste Management market is segmented based on waste type, application, process, end-user, and region. Based on the Waste Type the Food Waste Management Market is segmented into Cereals, Dairy Products, Fruit & Vegetable, Meat, Fish & Seafood, Oilseeds & Pulses, Processed Food, Coffee Grounds & Tea, Others. Based on the Process the Food Waste Management Market is segmented into Aerobic Digestion (Composting), Anaerobic Digestion, Incineration/Combustion, Others. Based on the Application the Food Waste Management Market is segmented into Feed, Fertilizers, Biofuel, Power Generation, Others. Based on the End-User the Food Waste Management Market is segmented into Residential, Industrial. Based on region the global Food Waste Management market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Food Waste Management Market Analysis by Waste Type
Due to improper produce handling, storage, processing, and cultivation, the fruit and vegetable segment dominated the industry and accounted for 21.3% of overall revenue share in 2021. Improper handling and storage of fresh produce causes spoilage, which is expected to result in higher amounts of waste than other segments, driving demand for the food waste management market.
Cereals are widely consumed as breakfast and snack foods in the major economies of North America and Europe. The generation of cereal waste is expected to be driven by factors such as inappropriate preservation and consumers' disregard for product expiration dates. In addition, lack of awareness concerning food wastage is likely to drive the requirement for cereal waste management.
Improper waste disposal results in the production of Green House Gases (GHGs), which causes ozone depletion. As a result, governments around the world are focusing on management of waste of meat and related products in order to reduce the environmental impact of GHGs. Furthermore, improper waste disposal leads to the contamination of environmental assets, which is expected to trigger demand for meat waste management and drive segment growth during the forecast period.
Global Food Waste Management Market size by End-user, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Food Waste Management Market Regional Insights
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.
The EU member states are attempting to reduce food waste at the source while also making investments in proper disposal methods in order to obtain beneficial goods such as fertilizer and biogas from the processes. For instance, the EU has pledged to meet SDG Target 12.3 of halving per percentage of population global food waste at the consumer and retail levels by 2030. Furthermore, strict food waste disposal regulations are expected to drive the regional market over the forecast period.
Over the forecast period, the Asia Pacific region is expected to grow at a CAGR of 5.9%. The industry of food and beverages in Asia Pacific is a major contributor to the region's economic development. Food trade is expected to grow significantly, with rising amounts of regional and national specialization. With a rising population and increasing income, the food sector is expected to expand rapidly during the forecast period, making a contribution to market growth.
Because of a lack of concern about food losses, developed economies in the Middle East and Africa, such as Qatar, contribute significantly to global food waste. Furthermore, the lack of an adequate number of cold storage and warehouses, as well as transportation facilities, are the primary cause the generation of food waste in the region.
Global Food Waste Management Market Size By Geography, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Food Waste Management Market Dynamics
Food Waste Management Market Drivers
Government initiatives to reduce food waste
- 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.
- More than one-third of all food produced each year, or approximately 1.6 billion tones, is wasted or lost. Food waste produces 4.4 gigatons (Gt) of CO2, accounting for more than 8% of all anthropogenic greenhouse gas emissions. Businesses that generate significant amounts of waste, such as food processing facilities, merchants, distributors, and food and beverage providers, are required to report the amount, reference, and disposal procedures to the relevant governments. Allowing businesses to calculate the cost of their waste and providing policymakers with information on the amount and causes of food waste encourages waste reduction.
Food Waste Management Market Restraints
Food Waste Management may cause disease
- Waste segregation refers to the separation of dry and wet waste, allowing for other waste management procedures such as composting, recycling, and cremated remains to take place. The goal is to reduce garbage in landfills while also preventing pollution of land, water, and air in the long run. Recycling garbage and plastic products, as well as paper, metals, and food products, necessitates proper waste collection and classification. Improper garbage disposal poses a significant threat to municipal governments and other waste management stakeholders. In addition, indiscriminate waste disposal can have serious consequences for the health of those who live anywhere near polluted areas or garbage dumps. Skin irritations, bloodstream infections, breathing issues, growth disorders, and even reproductive problems can all be caused by infections.
Request Free Customization of this report to help us to meet your business objectives.
Global Food Waste Management Market Competitive Landscape
The food waste management market is extremely competitive. The key competitive factors in the industry are the availability of experienced technical professionals, specialist equipment, the quality of service, diversification of services, and prices. Furthermore, factors such as policy decisions, technology, high EPA fees, high capital financing, and the high cost of likening limit new market entrants. For example, the United States' Department of Agriculture (USDA) and Environmental Protection Agency have set a goal of reducing food waste by 50% by 2030. (EPA).
Food Waste Management Market Top Player’s Company Profiles
- Covanta Holding
- Veolia Environnement S.A.
- Waste Management Inc.
- SUEZ Environment S.A.
- Republic Services Inc.
- Clean Harbors Inc.
- Stericycle Inc.
- Advanced Disposal Services Inc.
- REMONDIS SE & Co. KG
- Waste Connections Inc.
- FCC Environment (UK) Limited
- EcoFood Recycling
- Rubicon Global Holdings LLC
- Waste Industries
- Wastequip LLC
- BioHiTech Global Inc.
- WasteZero Inc.
- Renewi plc
- Redoma Recycling AB
- Impact Bioenergy
Food Waste Management Market Recent Developments
- In January 2023, Courtenay initiates weekly food waste collection. Residents in Courtenay who are part of the city's residential curbside collection programme can now take part in weekly food waste collection, which is a new service for the city, as part of the recently launched organics programme. The completion of the new Comox Strathcona Waste Management (CSWM) Regional Compost Facility has contributed to this new waste diversion opportunity.
- In December 2022, Myplan8 released an app to educate people about their carbon footprint. According to the company, the application will assist in tracking the carbon footprint caused by daily lifestyle, regular travel, and food consumption habits.
- In August 2021, Clean Harbors partnered with 3M, a leading manufacturing firm, in a novel collaborative effort to provide best-in-class status to the latter's operations in waste handling and management.
Global Food Waste Management Key Market Trends
- 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.
- A UAE environmental task force has launched a campaign to reduce food waste in dozens of schools across the country. The Waste-free Schools commercial aims to educate students and staff about environmental stewardship. Reduced food loss is critical to the Emirate's long-term vision of environmental protection. The strategy was unveiled during the second meeting of the UAE Council for Environmental and Municipal Work, which was presided over by Mariam Al Mheiri, Minister of Climate Change and Environment and Minister of State for Food Security. The Ministry of Climate Change and Environment has signed an agreement to implement the UAE's public education operator, Emirates Schools Established, Abu Dhabi Waste Management Company, also known as Tadweer, and Bee'ah Group.
Global Food Waste Management Market SkyQuest Analysis
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 our analysis, we found that the rapidly evolving foodservice industry is predicted to drive the Food Waste Management Industry. Food waste is relatively common in fast food restaurants as well as other hotel chains. Furthermore, food waste has risen in the food supply chain over the last decade, resulting in the configuration of many systems for food waste recycling that include both aerobic and anaerobic digestion processes. Food waste has been found to be prevalent in developing and developing countries. To address this issue, governments in several countries are enacting strict food waste reduction rules and regulations. Food waste management companies are primarily focused on raising consumer awareness about food waste and management in the Asia Pacific region's growing economies.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 66.22 billion |
| Market size value in 2031 | USD 106.31 billion |
| Growth Rate | 5.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Food Waste Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Food Waste Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global 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 Global 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 Global 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 Global 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.
Global Food Waste Management Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
