Food Waste Management Market Size, Development Share, Competitive Analysis, Business Outlook, and Expansion Plans by 2032

Description

New Research Study "Food Waste Management Market" 2024 Analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, and Investment Opportunities), Size, Share, and Outlook has been added to MarketDigits

The food waste management market focuses on reducing waste through technologies like anaerobic digestion and composting. Valued at around USD 30 billion in 2023, it's growing due to regulatory pressures and rising awareness. Key trends include advanced tracking tech, sustainability initiatives, and increased consumer awareness. Recent developments highlight innovative startups, public-private partnerships, and new sustainability certifications. The sector is set to expand, driven by technological advancements and regulatory support, promoting efficient resource use and environmental sustainability.

Market Size and Growth -

The Food Waste Management Market is Valued at USD 75.43 billion in 2024 and is projected to reach USD 125.8 billion by 2032, growing at a CAGR of 5.85% During the Forecast period of 2024-2032. This growth is driven by increasing awareness of sustainability, government regulations, and technological advancements in waste management solutions.

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Our Sample Report Includes:

📝 Industry Overview and Segmentation.
📝 Brief Introduction to the research report.
📝 Table of Contents (Scope covered as a part of the study).
📝 Competitive Outlook of Industry.
📝 Research framework (Structure of the report).
📝 Research Methodology

The list of Key Players Profiled in the study includes:-

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.

The detailed segments and sub-segment of the market are explained below:

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

By Process
• Aerobic digestion (composting)
• Anaerobic digestion
• Incineration/ combustion
• Others

By Service
• Collection
• Transportation
• Disposal/Recycling

By Application
• Feed
• Fertilizers
• Biofuel
• Power Generation
• Others

Regions Covered in Market Report:

• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, Italy)
• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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The following are the study objectives for this report:

◘ SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyze market competition. By kind, application, and region, the market is defined, described, and forecasted.
◘ Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
◘ Determine whether trends and factors are driving or limiting market growth.
◘ By identifying high-growth categories, stakeholders would be able to analyze market potential.
◘ Conduct a strategic study of each submarket's growth trends and market contribution.
◘ Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
◘ To create a strategic profile of the main players and analyze their growth plans in depth.

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

Key Trends -

✦ Sustainability Initiatives - There is a growing emphasis on sustainability, driven by both consumer demand and regulatory pressures. Companies are increasingly adopting zero-waste policies and integrating circular economy principles into their operations.

✦ Technological Innovation - Advancements in technology, such as AI-powered waste sorting and smart sensors, are enhancing the efficiency of waste management processes. These technologies help in reducing operational costs and improving waste diversion rates.

✦ Regulatory Support - Governments worldwide are implementing stricter regulations and providing incentives to reduce food waste. For example, many countries are enforcing food waste reduction targets and supporting initiatives that promote food donation and composting.

✦ Consumer Awareness - Rising consumer awareness about the environmental impact of food waste is driving demand for products and services that help manage and reduce waste. Educational campaigns and community programs are becoming more prevalent.

✦ Corporate Responsibility - Many corporations are integrating food waste management into their corporate social responsibility (CSR) strategies. Companies are setting ambitious waste reduction targets and investing in innovative solutions to improve their environmental footprint.

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Recent Industry News -

✦ Innovative Startups Recent news highlights the rise of innovative startups focused on food waste management. Companies like Winnow Solutions and Olio are making headlines for their technological solutions that help businesses and consumers manage and reduce food waste more effectively.

✦ Public-Private Partnerships There has been an increase in collaborations between governments and private companies to tackle food waste. For example, the Global FoodBanking Network and various food manufacturers have joined forces to improve food recovery and distribution.

✦ Sustainability Certifications New sustainability certifications for food waste management are emerging. The Zero Waste Certification, for example, recognizes organizations that achieve high standards in waste reduction and diversion.

✦ Investment Trends Significant investments are being made in food waste management technologies. Venture capital and private equity firms are funding startups and technology providers focused on innovative solutions for food waste reduction and management.

✦ Legislative Changes Recent legislative changes in various countries are mandating stricter food waste management practices. For example, California's SB 1383 requires businesses and residents to divert organic waste from landfills, promoting composting and food recovery efforts.

Some of the Major Points of TOC Cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Food Waste Management Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Food Waste Management Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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

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