Richmond, Nov. 16, 2023 (GLOBE NEWSWIRE) -- According to a research report "Food Waste Management Market, by Waste Type (Cereals, Dairy & Dairy Products, Fruits & Vegetables, Meat & Poultry, Fish & Sea Food, Oilseeds & Pulses, Roots & Tubers and Others), Process (Aerobic digestion (composting), Anaerobic digestion, Incineration/ combustion and Others), Service (Collection, Transportation and Disposal/Recycling {Landfill, Incineration, Composting and Others}), By Application (Feed, Fertilizers, Biofuel, Power Generation and Others) and Region.
Global Food Waste Management Market Report Scope:
| Report | Details |
| Market size value in 2023 | USD 55.2 Billion |
| Market size value in 2030 | USD 80.8 Billion |
| CAGR (2023-2030) | 5.6% |
| Forecast Period | 2023–2030 |
| Historic Data | 2019 |
| Forecast Units | Value (USD Million/USD Billion) |
| Segments Covered | Waste Type, Process, Service, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and RoW |
| |
| |
| Sample of Companies Covered |
|
| |
|
Download the Sample - https://www.marketdigits.com/request/sample/1946
TOC Covers in Depth & Breath on Food Waste Management Market
170 - Market Data Tables
65 - List of Figures
225 – Pages
The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.
Market Overview
The expansion of the food industry plays a crucial role in driving the food waste market's growth. This is fueled by the swift urbanization and industrialization in developing nations, which, in turn, increases the utilization of organic waste for producing animal feed and fertilizer. The market is further propelled by the rising consumer preference for novel and exotic food options, such as tropical fruits, premium coffee, and imported products. Additionally, the escalating global trade of food and food ingredients between countries is leading to the establishment of new supply chains, contributing to an increase in food waste. The market growth is also influenced by stringent government regulations and oversight from food management bodies.
Sample of Major vendors in the global Food Waste Management market:
Biffa
Clean Harbors Inc.
Cleanaway
Covanta Ltd.
DS Smith
FCC Recycling (UK) Limited
Recology Inc.
Remondis SE & Co.
KG
Republic Services Inc.
Rumpke
Suez
Veolia
Waste Connections Inc.
Waste Management, Inc.
Request for Discount @ https://www.marketdigits.com/request/discount/1946
Expansion Of The Food Service Sector Is Propelling The Market's Growth
The increasing food service sector is contributing to the Compound Annual Growth Rate (CAGR) of food waste management in the market. The rapid growth of the food service industry is anticipated to drive the overall business. Food waste is a common occurrence in fast-food establishments and various hotel chains. Moreover, over the last decade, there has been a notable increase in food waste within the dietary supply chain, leading to the establishment of multiple recycling systems for food waste, encompassing both anaerobic and aerobic digestion processes. Food waste is a prevalent issue in both developing and developed nations. To address this concern, authorities in different countries are implementing stringent rules and regulations aimed at reducing food waste. Companies in the waste disposal sector are primarily focused on increasing consumer awareness about food waste and its management, especially in the expanding economies of the Asia-Pacific region. A significant global market trend involves the widespread adoption of advanced technology, transforming food waste into sophisticated products. Leading corporations are actively developing innovative strategies for food waste management to distinguish their products and stay relevant in the market.
Market Dynamics
Drivers:
- Rise in Global Food Waste
- Increase in Usage of Organic Waste for the Production of Animal Feed and Fertilizers
- Need for Reducing Greenhouse Gas Emissions
Opportunities:
- Lack of Integrated Waste Management in the Private Sector in Asia
- Need for Generating an Alternate Source of Energy
- Emergence of Technologies for Waste Disposal
Increasing Adoption Of Advanced Technologies
The integration of advanced technologies is playing a pivotal role in revolutionizing practices related to food waste management. Technologies such as the Internet of Things (IoT), artificial intelligence (AI), and data analytics are being harnessed to monitor, track, and predict the generation of food waste, optimize inventory management, and enhance efficiency across the supply chain. Utilizing smart sensors and data-driven solutions, businesses can pinpoint areas of waste, implement real-time tracking for perishable items, and make informed decisions based on data to minimize waste. These technological advancements facilitate improved demand forecasting, enhanced inventory management, and streamlined operations, ultimately leading to a reduction in food waste. The incorporation of advanced technologies into food waste management not only drives innovation but also provides efficient and scalable solutions for the industry.
The market for Food Waste Management is dominated by North America.
In 2022, North America emerged as the market leader. Factors such as damage to food products, overproduction, inadequate cold-chain infrastructure, stringent food-grading specifications, standardized date labeling practices, and fluctuating customer demand all contribute to the dynamics of food waste management in North America.
The Asia Pacific region is projected to experience a compound annual growth rate (CAGR) over the forecast period. The food and beverage industry plays a significant role in the economic development of this region. Anticipated growth in food trade, coupled with increasing regional and national specialization, is expected to contribute substantially. With a growing population and rising income levels, the food sector is poised for rapid expansion during the forecast period, driving market growth in the Asia Pacific region.
The Redox Flow Battery Segment is Anticipated to Hold the Largest Market Share During the Forecast Period
Based on Application, The market is segmented into Animal Feed, Fertilizers, Biofuel, and Power Generation. The animal feed category commands a significant share due to the direct utilization of food waste as feed or its processing through rendering techniques, allowing it to be fed to livestock without incurring additional costs. In contrast, other applications of food waste typically involve extra charges, resulting in higher waste levels in the animal feed sector. The biofuel segment is witnessing rapid growth, driven by fluctuations in crude oil prices and increased awareness of renewable energy. Anticipated government regulations favoring biofuel applications are poised to boost the use of food waste as a biofuel in the Food Waste Management Market.
To directly buy this report @ https://www.marketdigits.com/checkout/1946?lic=s
View Similar Reports:
Food Pathogen Testing Market 2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Bulk Food Ingredients Market 2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Food Processing Seals Market 2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
About MarketDigits:
MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.
We offer services that are most relevant and beneficial to the users, which help businesses to sustain themselves in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.
Contact Us:
MarketDigits
1248 CarMia Way Richmond,
VA 23235,
United States.
USA: +1 847 450 0808
Email: sales@marketdigits.com
Web: https://www.marketdigits.com
Follow Us on: | Twitter | LinkedIn
