Food Waste Management Market Size, Share, Growth Analysis, By Waste Type(Cereals, Dairy Products, Fruit & Vegetable, Meat), By Process(Aerobic Digestion (Composting), Anaerobic Digestion, Incineration/Combustion, Others), By Application(Feed, Fertilizers, Biofuel, Power Generation), By End-User(Residential, Industrial), By Region - Industry Forecast 2024-2031

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.