Food Waste Management Market Comprehensive Study With Key Trends, Major Drivers And Challenges 2023-2031 | Covanta Ltd., Stericycle, Inc., Advanced Disposal Services, Inc.

The global food waste management market size was US$ 39.3 billion in 2021. Th global food waste management market is forecast to grow to US$ 81.2 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.

All of the processes and actions required to complete waste from start to finish are included in food waste management. Waste collection, transportation, treatment, and disposal, as well as oversight and control, are all part of food waste management.

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Factors Influencing the Market

The rapidly growing food service industry will primarily drive the growth of the global food waste management market during the study period

Food wastage is relatively significant in fast-food restaurants and other hotel chains. Furthermore, as food waste has become increasingly prevalent in the food supply chain, various aerobic and anaerobic digestion processes for food waste recycling have been installed. In emerging and underdeveloped countries, there has been a lot of food waste recorded in the past few years. Therefore, the governments are establishing tough rules and regulations to limit food waste. Such initiatives will also offer lucrative growth opportunities for the global food waste management market.

Rising concerns related to food waste will upsurge the demand for global food waste management in the coming years. In addition to that, the growing global population and their food demands will offer ample growth opportunities for the global food waste management market. On the flip side, high costs associated with global food waste management may limit the growth of the overall market during the study period.

Regional Analysis

North America is expected to dominate the global food waste management market. The growth of the region is attributed to the presence of Solid Waste Association of North America (SWANA) and more such support and programs in waste management. Apart from that, the Asia-Pacific food waste management market is forecast to record a significant growth rate due to the high exports of various food products to North American and European countries. Governments in the region are also investing in cold chain logistics and improving farm productivity, which will offer lucrative growth opportunities for the global food waste management market.

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COVID-19 Impact Analysis

COVID-19 caused major global supply chain disruption and inflationary pressure on waste management organizations. Moreover, machine repair and maintenance expenses also rose as a result of labor and material constraints. Industry players experienced delays in receiving fleets, steel containers, and other critical items due to supply chain limitations. As a result, it affected the global food waste management market.

Competitors in the Market
? Covanta Ltd.
? Stericycle, Inc.
? Advanced Disposal Services, Inc.
? Waste Connections, Inc.
? Veolia Environment
? Suez
? Waste Management, Inc.
? Republic Services, Inc.
? FCC Environment
? Other Prominent Players

Market Segmentation

The global food waste management market segmentation focuses on Type, Source, Application, and Region.

By Type
? Cereals
? Dairy products
? Fruits & Vegetables
? Meat
? Fish & Sea Food
? Processed Food
? Others
By Source
? Primary Food Producers
? Food Manufacturers
? Food Distributors & Suppliers
? Food Service Providers
? Municipalities & Households
By Application
? Animal Feed
? Fertilizers
? Biofuel
? Power Generation

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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America

What is the goal of the report?

? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance

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