Global Food Waste Management Market

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 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.
$5,300
BUY NOW GET FREE SAMPLE
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

FAQs

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 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). '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'

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Food Waste Management Market

Product ID: SQMIG20L2016

$5,300
BUY NOW GET FREE SAMPLE