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Food Waste Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3204
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Market Overview:
The global food waste management market is expected to exhibit a growth rate (CAGR) of 5.9% during 2023-2028.
Food waste management involves various activities that are essential for disposing of food waste. It also includes the waste prevention, collection, treatment, recovery, transportation as well as recycling with the help of various management procedures. Some of these disposal techniques include landfills, composting, and anaerobic digestion of the generated wastes that are being employed across the commercial and residential segments. The increasing requirement for food waste management can be largely attributed to the rise in food processing waste, which includes agricultural, dairy food, poultry and seafood processing waste.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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The global market is primarily driven by considerable growth in the food and beverages sector across the globe. The increasing consumption of convenience foods by the masses has led to the generation of large volumes of food waste from hotels, restaurants and fast-food joints, which, in turn, requires the usage of food waste management solutions for effective collection and segregation of food waste at the source level. This is being supported by the rising global population and the inflating spending incomes of individuals. Moreover, the rising amount of food wastes being dumped in open landfills has impelled governments of several countries to introduce efficient waste management solutions at residential and commercial levels to reduce the generation of waste at the source and spread awareness regarding waste recycling. This, along with the rising utilization of biomass that deploys biomass waste for energy generation, is creating a positive outlook for the market growth. The market is further driven by the widespread utilization of technological innovations, such as automated waste collections, novel sensor-based technology and enzyme-based food management solutions. Some of the other factors contributing to the market growth include rapid industrialization and the increasing usage of organic wastes for the production of fertilizers and animal feeds.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global food waste management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on waste type, process, source and application.
Breakup by Waste Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Cereals
- Dairy Products
- Fruits and Vegetables
- Fish and Sea Food
- Processed Food
- Others
Breakup by Process:
- Aerobic Digestion
- Anaerobic Digestion
- Combustion/Incineration
- Others
Breakup by Source:
- Primary Food Producers
- Food Manufacturers
- Food Distributors and Suppliers
- Food Service Providers
- Municipalities and Households
Breakup by Application:
- Animal Feed
- Fertilizers
- Biofuel
- Power Generation
Breakup by Region:
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- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Clean Harbors Inc., Covanta Holding Corporation, FCC Environment (UK) Limited, Hulsey Environmental Services Inc., Remondis SE and Co. KG, Republic Services Inc., Stericycle Inc., Suez (Sofina), Veolia and Waste Management Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Waste Type, Process, Source, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Clean Harbors Inc., Covanta Holding Corporation, FCC Environment (UK) Limited, Hulsey Environmental Services Inc., Remondis SE and Co. KG, Republic Services Inc., Stericycle Inc., Suez (Sofina), Veolia and Waste Management Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report
We expect the global food waste management market to exhibit a CAGR of 5.9% during 2023-2028.
The rising awareness regarding waste recycling, along with the introduction of efficient waste management solutions to reduce the generation of waste at the source, is primarily driving the global food waste management market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in various food waste management procedures for food waste, such as waste prevention, collection, treatment, etc.
Based on the waste type, the global food waste management market can be categorized into cereals, dairy products, fruits and vegetables, fish and sea food, processed food, and others. Currently, fruits and vegetables account for the majority of the global market share.
Based on the process, the global food waste management market has been segregated into aerobic digestion, anaerobic digestion, combustion/incineration, and others. Among these, anaerobic digestion currently holds the largest market share.
Based on the application, the global food waste management market can be bifurcated into animal feed, fertilizers, biofuel, and power generation. Currently, animal feed exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global food waste management market include Clean Harbors Inc., Covanta Holding Corporation, FCC Environment (UK) Limited, Hulsey Environmental Services Inc., Remondis SE and Co. KG, Republic Services Inc., Stericycle Inc., Suez (Sofina), Veolia, and Waste Management Inc.
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