New York, NY, May 22, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Food Waste Management Market by Waste Type (Cereals, Dairy Products, Fruits & Vegetables, Meat, Fish & Seafood, Oilseeds & Pulses, Processed Foods and Coffee Grounds & Tea), by Process (Aerobic Digestion, Anaerobic Digestion, Incineration/Combustion and Others), and by Application (Animal Feed, Fertilizers, Biofuel and Power Generation): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023”. According to the report, global food waste management market was valued at approximately USD 31.99 billion in 2017 and is expected to generate revenue of around USD 45.38 billion by the end of 2023, growing at a CAGR of around 6.0% between 2017 and 2023.
Food waste is considered as the one which is removed from the food supply chain, which once was or is fit for human consumption. The wastage of food is mainly caused due to the economic behavior, poor stock management and neglecting the spoilage and expiry date of the food. In the current scenario, food systems are extremely inefficient due to which there is great wastage of food. Reduction of the current level of food waste is accompanied by the better management of the waste which is generated. Food waste management includes various techniques which are responsible for the conversion of food waste into different products.
Browse through 54 Tables & 33 Figures spread over 110 Pages and in-depth TOC on "Global Food Waste Management Market: Industry Size, Share, Trends and Forecast, 2017 - 2023”.
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The global food waste management market is segregated on the basis of waste type, process, and application. The waste type segment is bifurcated into cereals, dairy products, fruits & vegetables, meat, fish & seafood, oilseeds & pulses, processed foods and coffee grounds & tea. Fruit & vegetable segment is expected to dominate the market as it has a low shelf life as compared to others. On the basis of process, the food waste management market is divided into aerobic digestion, anaerobic digestion, incineration/combustion and others. Anaerobic Digestion process generated environmental friendly products and by-products. Therefore it is preferred over other processes. The food waste management market based on application is divided into animal feed, fertilizers, biofuel and power generation. Animal feed is expected to dominate the application segment in the forecast period.
North America is expected to dominate the global food waste management market. Awareness and government regulations about food waste, in major regions like U.S. and Canada, has attributed to the growth of the food waste management market. Presence of major players like Waste Management Inc., Republic Services Inc., Stericycle Inc., etc has led to the innovation of different technologies used for the food waste management, which also fuels the growth of the market in North America.
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Europe is expected to show significant growth in the years to come due to increase in generation of waste from daily chores such as product packaging, food scraps, municipality & household waste. Due to this reason, there is an increase in the awareness about food waste management in the region.
Asia Pacific is expected to show highest CAGR in the forecast period. Due to increase in feed dump in regions like Malaysia and India, the government of these regions is taking steps for the management of the food waste. Various governments of developing countries are introducing stringent rules and also have imposed restrictions on conventional landfills and incineration methods for unwanted feeds.
Browse the full "Food Waste Management Market by Waste Type (Cereals, Dairy Products, Fruits & Vegetables, Meat, Fish & Seafood, Oilseeds & Pulses, Processed Foods and Coffee Grounds & Tea), by Process (Aerobic Digestion, Anaerobic Digestion, Incineration/Combustion and Others), and by Application (Animal Feed, Fertilizers, Biofuel and Power Generation): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023" report at https://www.zionmarketresearch.com/report/food-waste-management-market
The Middle East and Africa and Latin America are expected to witness the least growth in comparison to other regions. The advancements in awareness about the food waste management in these regions are expected to aid the growth of the food waste management market in the future.
Some of the key players in the global food waste management market include Veolia Environment, SUEZ, Waste Management Inc., FCC Environment Ltd., Remondis SE & Co. KG, Stericycle Inc., Clean Harbors Inc., Covanta Holding Corporation, Advanced Disposable Services Inc. and Waste Connections Inc. Major players are frequently engaged in innovating and conceptualizing new technologies so that they can protect the environment from the residues.
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This report segments the global food waste management market as follows:
Global Food Waste Management Market: Waste Type Segment Analysis
- Cereals
- Dairy Products
- Fruits & Vegetables
- Meat
- Fish & Seafood
- Oilseeds & Pulses
- Processed Foods
- Coffee Grounds & Tea
Global Food Waste Management Market: Process Segment Analysis
- Aerobic Digestion
- Anaerobic Digestion
- Incineration/Combustion
- Others
Global Food Waste Management Market: Application Segment Analysis
- Animal Feed
- Fertilizers
- Biofuel
- Power Generation
Global Food Waste Management Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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