BEIJING, Sept. 01, 2022 (GLOBE NEWSWIRE) — BEIJING, September 22022 (GLOBE NEWSWIRE) – The Global Food Waste Management Market The size accounted for USD 39,547 million in 2021 and is expected to reach a market size of USD 64,025 million by 2030, growing at a CAGR of 5.7% from 2022 to 2030.
Key Highlights of the Food Waste Management Market Report
• The global food waste management market was worth USD 39,547 million in 2021, growing at a CAGR of 5.7% from 2022 to 2030.
• The food waste management market in North America led with over 37% market share in 2021.
• Among the sources, the municipalities and the household segment occupied more than 40% of the total market share.
• According to the United Nations Environment Programme, around 931 million tonnes of food are wasted every year.
• Rising government rules and regulations on greenhouse gas emissions are driving the food waste management industry
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|Market||Food Waste Management Market|
|Food Waste Management Market Size 2021||$39,547 million|
|Food Waste Management Market Forecast 2030||$64,025 million|
|Food Waste Management Market CAGR from 2022 to 2030||5.7%|
|Food Waste Management Market Analysis period||2018 – 2030|
|Food Waste Management Market base year||2021|
|Food Waste Management Market Forecast data||2022 – 2030|
|Segments Covered||By type of waste, by process, by source, by application and by geography|
|Food Waste Management Market Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||Veolia Environnement, Waste Management, Inc., Remondis SE & Co. KG, Clean Harbors, Inc., Advanced Disposal Services, Inc., Republic Services, Inc., SUEZ, FCC Environment Ltd., Stericycle, Inc., Covanta Holding Corporation and Waste Connections, Inc.|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
According to UNEP, about a third of all food produced for human use in the world each year – about 1.3 billion metric tons – is wasted or lost. Food waste and garbage cost around $680 billion in industrialized countries and $310 billion in poor countries. Food waste has become increasingly recognized as a serious global environmental concern over the past 10 years. However, poor management of food waste leads to depletion of natural resources, public health problems, contamination of oceans and rivers, greenhouse gas emissions from landfills and landfills, and lost opportunity to recover valuable energy, minerals, organic matter and water from wasted food. Therefore, sustainable food waste management considers measures to reduce the waste that occurs before it occurs. Sustainable food waste management incorporates strategies aimed at limiting the environmental and economic consequences of food waste.
Global Food Waste Management Market Dynamics
The global food waste management market size is mainly supported by significant growth in the food and beverage sectors across the world. The increasing consumption of prepared and packaged foods by the general public has resulted in large volumes of food waste being generated by restaurants, hotels and fast food outlets, necessitating the use of food waste management systems for efficient collection as well as the separation of food waste. at the form level. This is facilitated by the ever-increasing world population with increasing individual purchasing capabilities. In addition, the increasing amount of food waste deposited in vast landfills has compelled the governments of several countries to set up appropriate waste management services at the commercial and residential stages in order to reduce waste generation at source and raise awareness. to the conservation of resources. This, combined with the increasing use of biomass for power generation, produces a promising prognosis for the growth of the food waste management market. The increasing adoption of technical breakthroughs, such as autonomous garbage collection, innovative sensor-based technologies, as well as enzyme-based food management services, are also driving the market value of food waste management. Other variables influencing the food waste management market trends include growing industrialization and increased use of biodegradable waste in the manufacture of fertilizers and animal feed.
Also, as the food industry grows, the market for food waste management is expected to grow rapidly. Due to increasing urbanization and industrialization, emerging countries are increasingly using organic waste to manufacture animal feed and fertilizer. Consumers are increasingly interested in new cuisines and uncommon culinary products such as premium coffee, tropical fruits and international products. The increase in trade of food and food ingredients across nations has led to the formation of supply chain operations, which has resulted in increased food waste and stricter regulations in administration. and food management. These are some of the major drivers of the food waste management market. Additionally, significant research and development efforts and increasing market industrialization of various offerings will create new opportunities for the food waste management market in the coming decades.
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The global food waste management market has been segmented by Acumen Research and Consulting on the basis of waste type, process, source and application. By waste type, the market is segregated into grains, fruits & vegetables, dairy, fish & seafood, meat, processed foods, and others. By process, the market is divided into aerobic, combustion/incineration, anaerobic and others. By source, the market is categorized into primary food producers, food distributors and suppliers, food manufacturers, food service providers, food distributors and suppliers, and municipalities and households. By application, the market is categorized into animal feed, biofuels, fertilizers, and power generation.
Regional outlook of the global food waste management market
North America, Asia-Pacific, Europe, Latin America, Middle East and Africa constitute the regional classification of the global food waste management market. According to food waste management industry research, Asia-Pacific will be the fastest growing region in the global market in the coming years. This growth is due to the increase in transit waste in emerging economies such as China, India and Japan. India is one of the world’s leading food manufacturers, contributing to the generation of waste during consumption, processing, retailing and production. Furthermore, the growing demand for improved solutions, such as gasification for waste management treatment, is expected to open new prospects for the regional market in the coming years. The government invests in collaborations with foreign companies that have innovative technologies for food waste management. Due to these factors, the Asia-Pacific food waste management market is expected to grow in the coming years.
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Food Waste Management Market Players
Some of the leading companies in the food waste management market are Veolia Environnement, Waste Management, Inc., Remondis SE & Co. KG, Clean Harbors, Inc., Advanced Disposal Services, Inc., Republic Services, Inc., SUEZ, FCC Environment Ltd. ., Stericycle, Inc., Covanta Holding Corporation and Waste Connections, Inc.
Questions this report answers
- What was the market size of the Food Waste Management Market in 2021?
- What will be the CAGR of the Food Waste Management Market during the forecast period from 2022 to 2030?
- Who are the key players in the Global Food Waste Management Market?
- Which region held the largest food waste management market share in 2021?
- What are the key market drivers of the Food Waste Management Market?
- Who is the largest end user of Food Waste Management market?
- What will be the value of the food waste management market in 2030?
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Mr. Richard Johnson
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