Press release
Food Waste Management Market to Witness Increase in Revenues by 2024 - 2031 | Winnow Solution, Veolia, Shree Sai Damage Food recycler
Food Waste Management Market
The food waste management market is estimated to be valued at USD 77.69 Bn in 2024 and is expected to reach USD 113.13 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Market Dynamics:
The global food waste management market is expected to witness significant growth over the forecast period owing to increased policy support through legislation. Many countries and local authorities have implemented policies and regulations to promote food waste reduction at the source and improve waste management practices. For instance, laws such as the EU Landfill Directive bans biodegradable waste from landfill and encourages recycling and composting. Regulations such as these aim to reduce environmental pollution from landfilling food waste. Furthermore, factors such as growing awareness about negative impacts of food waste, and availability of advanced waste management solutions are also expected to support market growth during the forecast period.
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Major Drivers of Food Waste Management Market Boosting Adoption
Rising Global Food Waste and Its Associated Costs Drive Need for Management
The global amount of food wasted each year is massive, estimated at over 1 billion tons. This represents a major economic and environmental concern, with associated costs of over $940 billion annually. Managing and reducing food waste is seen as a priority issue by both public and private organizations worldwide seeking to curb these costs and their impact.
Major Opportunity Emerging in Food Waste Management Market
Utilizing Food Waste as a Renewable Energy and Nutrient Resource
Advanced treatment technologies allow food waste to be processed into valuable resources. Anaerobic digestion converts waste into renewable biogas that can be used for heating, power generation, or as a transportation fuel. Composting produces organic fertilizers for agriculture and landscaping. As energy and fertilizer costs fluctuate, food waste is increasingly viewed as a local renewable resource opportunity. This shifts the perspective from waste management towards recovery of commodities and new revenue streams.
Notable Trend Shaping Food Waste Management Market Trajectory
Push Towards Circular Economy Goals Driving More Holistic Management Systems
Beyond basic collection and disposal, there is a push to design comprehensive systems that keep resources like food in use for as long as possible. The concept of the circular economy aims to optimize the extraction and flow of finite materials to minimize leakage out of the system. This trend is inspiring more integrated solutions across the food supply chain with the goal of eliminating waste altogether through innovations in packaging, portion sizes, logistics optimization, and secondary markets for surpluses and by-products.
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Top Companies Included in This Report:
★ Winnow Solution
★ Veolia
★ Shree Sai Damage Food recycler
★ Waste Ventures India
★ Suez
★ Saahas Zero WasteWaste Management Inc.
★ Republic Services Inc.
★ Covanta Ltd.
★ Stericycle Inc.
★ Remondis SE & Co.
★ KG
★ Clean Harbors Inc.
★ Biffa
★ Rumpke
★ Advanced Disposal Services Inc.
★ Cleanaway
★ FCC Recycling (UK) Limited
★ DS Smith
★ MobiTrash
★ Keenan Recycling
★ Bio Collectors
Market Segmentation:
By Product Type:
★ By Source : Residential and Industrial
★ By Waste Type: Dairy & Dairy Products, Fruits & Vegetables, Meat & Poultry, Fish & Seafood, Oilseeds & Pulses, and Others (Roots & Tubers, etc.)
★ By Service Type: Collection, Transportation, Disposal/Recycling, and Others
Key Regions/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Food Waste Management Market by Players
Chapter 4: Market Size of the Food Waste Management Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Food Waste Management Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Food Waste Management industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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