Food Waste Reduction Market Boosting the Strong Growth Worldwide to 2028

The size of the global market for reducing food waste was substantial in 2020 and is predicted to experience a stable compound annual growth rate in revenue over the forecast period. Factors that are propelling the growth of the market include the need to address global issues such as climate change, pollution, and biodiversity loss, the increasing amount of food waste, and government investments that support the reduction of food waste. Furthermore, the drive to enhance food security and reduce the burden on waste management systems are expected to fuel demand for food waste reduction and contribute to the growth of the market.
Food waste refers to the total loss and waste of food at various stages of the food supply chain, including production, post-harvest, processing, distribution, and consumption. Globally, an estimated 14% of food is lost from harvest to retail, and about 17% of total global food production is wasted. This waste poses a threat to the long-term sustainability of our food systems. Reducing food waste is beneficial to the environment since it prevents food from being deposited in landfills. It also makes economic sense at both a small scale, by lowering household food costs, and at a large scale, by reducing disposal costs for restaurants, processors, and farmers. Ultimately, reducing food waste is socially significant because the saved food can be redirected to emergency food providers to address hunger.

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Top Companies Operating in the Global Food Waste Reduction Market Report:
• Oddbox
• Zero Hunger
• Motatos
• ReFed
• Winnow Solutions
• Orora
• TetraPak
• Phood Solutions
• Copia
• TotalCtrl
• 412 Food Rescue
• General Mills
• HelloFresh
• Grind2Energy
• BT9
• Feeding America
• Whole Foods

Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.

This report analyzes the Food Waste Reduction market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Food Waste Reduction market is provided to gain a deeper understanding of its growth and progress.

The global Food Waste Reduction market is segmented into:
• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Further market segmentation

Food Type Outlook (Revenue, USD Billion; 2018-2028)
• Cereals
• Dairy Products
• Fruits & Vegetables
• Meat
• Fish & Sea Food
• Processed Food

Services Outlook (Revenue, USD Billion; 2018-2028)
• Processing Plant
• Warehousing & Cold Storage
• Cropping Pattern Consulting
• Supply Chain

Key Questions Addressed in the Report:
• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market? What kind of strategic business plans have they made?

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