Global Food Waste Management Market

Food Waste Management Market Size, Share, Growth Analysis, By Waste Type (Cereals, Dairy products), By Process (Aerobic, Anaerobic), By Source (Primary Food Producers, Food Manufacturers), By Application (Animal Feed, Fertilizers), By Region - Industry Forecast 2025-2032


Report ID: SQMIG20L2016 | Region: Global | Published Date: November, 2024
Pages: 221 | Tables: 126 | Figures: 77

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.

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FAQs

Global Food Waste Management Market size was valued at USD 66.2 billion in 2022 and is poised to grow from USD 69.8 billion in 2023 to USD 106 billion by 2031, growing at a CAGR of 5.4% during 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). '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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Global Food Waste Management Market

Report ID: SQMIG20L2016

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