
Report ID: SQMIG20L2016
SkyQuest Technology's Food waste management market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Food Waste Management Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
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.
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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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