According to the report by Expert Market Research (EMR), the global food waste management market size is projected to grow at a CAGR of 5.3% between 2024 and 2032. Aided by the escalating concerns over environmental degradation and rising awareness regarding sustainable practices, the market is expected to grow significantly by 2032.
Food waste management refers to the collection, transportation, disposal, and treatment of waste generated from various food production and consumption activities. This waste, if left unmanaged, could lead to severe environmental issues, including increased greenhouse gas emissions, soil degradation, and water contamination. Effective management ensures resource efficiency, reduces environmental footprint, and even offers avenues for recycling and repurposing waste into valuable products, such as compost or bioenergy.
According to the food waste management market analysis, the surge in global food production, combined with rapid urbanisation and changing consumption patterns, has invariably led to an increase in food wastage. This trend has been a significant factor underlining the importance of robust food waste management systems. Governments, NGOs, and businesses globally are realising the environmental, social, and economic implications of unmanaged food waste and are consequently investing in strategies to reduce and effectively manage it.
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Furthermore, consumer awareness and demand for sustainable and environmentally friendly practices are acting as catalysts for the global food waste management market growth. The contemporary consumer is more informed and often aligns their consumption habits with brands and services that echo their values, pushing businesses to adopt sustainable waste management practices.
In the industrial sector, food processing and manufacturing units generate considerable waste, including peels, shells, and residues. Efficiently managing this waste not only caters to sustainability but also aids in cost-saving, making it a win-win for the industry.
The advent and growth of the circular economy concept have provided significant impetus to the food waste management market demand. Transforming food waste into bioenergy, compost, or animal feed not only diverts it from landfills but also ensures its conversion into a resource, bolstering the circularity in the food system.
Nevertheless, technological advancements, including AI-powered waste tracking and data-driven waste reduction strategies, are providing solutions and opportunities. Innovations in biodegradable packaging, which reduce waste at the source, are also gaining traction.
Collaborative efforts, involving governments, businesses, and civil society, are crucial for the future of food waste management. Standardised guidelines, incentivising waste reduction, and fostering a culture of responsibility and sustainability will play instrumental roles in influencing the food waste management market outlook positively in the coming years.
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Food Waste Management Market Segmentation
The market can be divided based on waste type, process, application, and region.
Market Breakup by Waste Type
- Cereals
- Dairy Products
- Fruits and Vegetables
- Meat
- Fish and Seafood
- Processed Food
- Others
Market Breakup by Process
- Aerobic Digestion
- Anaerobic Digestion
- Incineration/Combustion
- Other Processes
Market Breakup by Application
- Animal Feed
- Fertilisers
- Biofuel
- Power Generation
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global food waste management market. Some of the major players explored in the report by Expert Market Research are as follows:
- Veolia Environnement S.A.
- Suez WTS USA, Inc.
- WM Intellectual Property Holdings, L.L.C.
- Waste Connections Inc.
- Republic Services, Inc.
- Remondis
- Covanta
- Others
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