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Food Waste Management Market Trends, Growth Factors, Opportunities and Regional Outlook 2024-2032 by Cleanaway, Covanta Ltd., DS Smith

05-17-2024 10:27 AM CET | Food & Beverage

Press release from: Market Digits

Food Waste Management Market

Food Waste Management Market

The Food Waste Management Market is Valued USD 75.43 billion in 2024 and projected to reach USD 125.8 billion by 2032, growing at a CAGR of 5.85% During the Forecast period of 2024-2032. 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.

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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.

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.

Profitable players of the Food Waste Management market are: 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. and Others.

Product types of the Food Waste Management industry are:

Cereals
Dairy & Dairy Products
Fruits & Vegetables
Meat & Poultry
Fish & Sea Food
Oilseeds & Pulses
Roots & Tubers
Others

Applications of this report are:

Feed
Fertilizers
Biofuel
Power Generation
Others

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Essential regions of the Food Waste Management market are:

• Food Waste Management North America Market includes (Canada, Mexico, USA)
• Food Waste Management Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Food Waste Management Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Food Waste Management South America Market includes (Brazil, Argentina)

Recent Developments

In January 2023, Courtenay had introduced a weekly collection for food waste. Residents participating in the city's residential curbside collection program was able to avail themselves for the newly launched weekly food waste collection service, with an addition to the organics program. The establishment of the new Comox Strathcona Waste Management (CSWM) Regional Compost Facility had played a role in providing this additional waste diversion option.

In December 2022, Myplan8 had unveiled an app designed to enlighten individuals about their carbon footprint. According to the company, the app aimed at aid users in monitoring the environmental impact resulting from their everyday life, routine travel, and dietary habits.

FAQs: -

1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Food Waste Management industry.

Get Complete Report Food Waste Management market 2024 for Better Understanding @ https://www.marketdigits.com/food-waste-management-market-1694177146?utm_source=PR_MD

Pivotal questions answered in the global Food Waste Management market report:

• What are the major value propositions of the Food Waste Management market?
• What are the new strategical frameworks that are mobilized among players to accomplish resilience in the wake of the COVID-19 pandemic?
• What technologies are expected to adopt the new regulations in Food Waste Management report?
• What are the key collaborations generated by the vendors to consolidate their position in the Food Waste Management market?
• What are the vital offerings new entrants concentrate on to implement unique positioning strategies?
• What are the futuristic prospects of the Food Waste Management market across the globe?

Find More Research -

Food Waste Management Market
https://www.globenewswire.com/en/news-release/2023/11/16/2781607/0/en/Food-Waste-Management-Market-projected-to-reach-USD-80-8-Billion-by-2030-growing-at-a-CAGR-of-5-6-during-the-forecast-period-of-2023-2030-pronounced-by-MarketDigits-in-its-recent-s.html

Food Robotics Market
https://www.globenewswire.com/en/news-release/2023/11/17/2782572/0/en/Food-Robotics-Market-estimated-to-reach-USD-4-9-Billion-by-2030-growing-at-an-exponential-CAGR-of-12-9-during-the-forecast-period-of-2023-2030-pronounced-by-MarketDigits-in-its-rec.html

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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.

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