Food Waste Management Market (Waste Type - Cereals, Dairy Products, Fruit and Vegetable, Fish and Seafood, Oilseeds and Pulses, and Others; Process - Aerobic Digestion, Anaerobic Digestion, Incineration or Combustion, and Others; Application - Animal Feed, Fertilizers, Biofuel, Power Generation, and Others; End User - Municipalities & Households, Food Service Providers, Food Distributors & Suppliers, Food Manufacturers, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Food Waste Management Market (Waste Type - Cereals, Dairy Products, Fruit and Vegetable, Fish and Seafood, Oilseeds and Pulses, and Others; Process - Aerobic Digestion, Anaerobic Digestion, Incineration or Combustion, and Others; Application - Animal Feed, Fertilizers, Biofuel, Power Generation, and Others; End User - Municipalities & Households, Food Service Providers, Food Distributors & Suppliers, Food Manufacturers, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Report Code: IGR01298 Category: Food & Beverages Published: January, 2024

A recent report published by Infinium Global Research on food waste management market provides in-depth analysis of segments and sub-segments in the global as well as regional food waste management market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food waste management market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global food waste management market.

Market Insight:

The global food waste management market was valued at USD 75.19 billion in 2022 and is expected to reach USD 120.97 billion in 2030, with a CAGR of 5.48% during the forecast period 2023-2030.

Food waste management refers to the techniques and strategies used to reduce, collect, process, and dispose of food waste environmentally and sustainably. Food waste management encompasses various stages including the initial production and distribution of food to its consumption and disposal. The aim of food waste management is the reduction of food waste at the source. It involves reducing food waste generation by promoting responsible consumer behavior, efficient food storage, and better inventory management in households, restaurants, and grocery stores. Further, food waste management involves educating individuals and businesses about the economic and environmental consequences of food waste and encouraging them to take more conscious actions when purchasing and preparing food. Addressing food waste at its root, not only reduces the strain on landfills and reduces greenhouse gas emissions with food decomposition but also conserves valuable resources such as water and energy, contributing to a more sustainable food system.

The food waste management market is primarily driven by the growing awareness about environmental sustainability and waste reduction. with consumers, businesses, and governments increasingly prioritizing the reduction of food waste, the demand for innovative solutions and technologies to efficiently manage and minimize food waste is growing, which is fostering the growth of the market. Further, the food waste management market is growing due to the increasing pressure from consumers and stakeholders on businesses to minimize food waste. This demand is driving companies to adopt sustainable practices, implement efficient waste reduction strategies, and invest in technologies to address food waste concerns, driving the market's growth. However, insufficient infrastructure and resources can hamper the growth of the market. Many regions lack the necessary facilities and funding required for the collection, processing, and disposal of food waste. These limitations can challenge in implementation of efficient waste reduction strategies, which can reduce the overall effectiveness of food waste management efforts. Nonetheless, technological advancements in waste-to-energy solutions can provide lucrative opportunities for the growth of the market. These innovations can convert food waste into renewable energy sources, such as biogas or electricity, offering a sustainable and economically efficient way to manage food waste while contributing to energy production and environmental sustainability.

Food Waste Management Market Size, Share, Trends, | IGR

The global food waste management market is segmented into North America, Europe, Asia Pacific, and the rest of the world. The North America region is expected to hold the maximum share of the market during the forecasted period. This is primarily attributed to the region`s strong emphasis on sustainability and waste reduction, as well as stringent regulations and the growing awareness about food waste. The United States and Canada are the primary contributors to the market growth. Moreover, the Asia Pacific region is expected to grow at the fastest rate. Countries in the region such as China and India are experiencing rapid economic growth and urbanization, contributing to increased food consumption and subsequently higher food waste generation. Governments and businesses in the region recognize the environmental and economic benefits of efficient food waste management. Additionally, growing awareness about sustainable practices is further driving the adoption of innovative food waste management solutions in the region.

Report Scope of the Food Waste Management Market:

Report Coverage Details
Market Size in 2022 USD 75.19 Billion
Market Size by 2030 USD 120.97 Billion
Growth Rate from 2023 to 2030 CAGR of 5.48%
Largest Market North America
No. of Pages 300
Market Drivers
  • Growing awareness of environmental sustainability and waste reduction are driving the food waste management market.

  • Pressure from consumers and stakeholders for businesses to minimize food waste is fueling market expansion.

Market Segmentation By Waste Type, By Process, By Application, and By End User
Regional Scope North America, Europe, Asia Pacific, and RoW

Segment Covered

The report on global food waste management market covers segments such as waste type, process, application, and end user. On the basis of waste type, the sub-markets include cereals, dairy products, fruit and vegetable, fish and seafood, oilseeds and pulses, and others. On the basis of process, the sub-markets include aerobic digestion, anaerobic digestion, incineration or combustion, and others. On the basis of application, the sub-markets include animal feed, fertilizers, biofuel, power generation, and others. On the basis of end user, the sub-markets include municipalities & households, food service providers, food distributors & suppliers, food manufacturers, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Veolia, Rumpke, Biffa, Waste Connections, REMONDIS SE & Co. KG, Covanta Holding Corporation, WM Intellectual Property Holdings, L.L.C., Suez, Cleanaway, and DS Smith.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the food waste management market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Frequently Asked Questions (FAQ's)

The global food waste management market was valued at USD 75.19 Billion in 2022.
It is likely to grow at a CAGR of 5.48% during the forecast period 2023-2030.
The global food waste management market is estimated to reach USD 120.97 Billion by the end of 2030.
North America is anticipated to exhibit high demand for food waste management market during the forecast period.
Veolia, Rumpke, Biffa, Waste Connections, REMONDIS SE & Co. KG, Covanta Holding Corporation, WM Intellectual Property Holdings, L.L.C., Suez, Cleanaway, and DS Smith.
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