From Waste to Wealth: Food Waste Management Market Report Analysis Projects Growth to $4.2 Billion by 2034

Food Waste Management Market size was valued at USD 2.8 Billion in 2024 and is expected to reach USD 4.2 Billion by 2034, growing at a CAGR of 5.8%

According to the latest market study on "Food Waste Management Market, By Waste Type (Cereals, Dairy Products, Fruit and Vegetable, Meat, Fish and Seafood, Oilseeds and Pulses, Processed food, and Coffee Grounds and Tea), By Process (Aerobic Digestion (Composting), Anaerobic Digestion, Incineration/ Combustion, and Others (Redistribution, Minimization, and Disposal)),By Application (Feed, Fertilizer Biofuel, and Power Generation), By End-User (Primary Food Producers, Food Manufacturers, Food Distributors and Suppliers, Food Service Providers, and Municipalities and Households), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2029," the market was valued at USD 2.8 Billion in 2024 in 2024 and is projected to reach USD 4.2 Billion by 2034; it is expected to grow at a CAGR of 5.8% during 2024-2034. The report highlights key driving factors and also the prominent players and their developments in the market.

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Food Waste Management Market Company Profile:
• Veolia Environment S.A.
• SUEZ S.A.,
• Waste Management, Inc.
• FCC Environment Ltd.
• Remondis SE & Co. KG
• Stericycle, Inc.
• Clean Harbors, Inc.
• Covanta Holding Corporation
• Advanced Disposal Services, Inc.
• Waste Connections, Inc.
• Republic Services, Inc.
• Other players.

Key Drivers of Target Market:
Growing Awareness for Food Wastage
The rising awareness of food wastage has driven the market for a while. The population has started understanding the concept of dry and wet waste. Since food waste is a major Process of pollution and diseases, people have grown habits of disposing of the waste as it is.

Regulatory frameworks:
In many countries, strong rules and regulations are in place to release wood waste, and it is collected by the cleaning authorities occasionally. This has led the market to grow upwards.

Restrains:
Financial Constraints in Implementing Advanced Waste Management Technologies:
The success of solid waste cleanup programs depends on numerous factors, and they can differ significantly in methods, targets, and objectives. Certain programs focus on minimizing waste, while others prioritize recycling or managing hazardous waste. It is essential to establish evaluation criteria that consider the challenges and needs of the area, as they significantly impact the success of these programs and provide insight into the capacity of a city's waste management.

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Analyst View:
Food wastage is on the rise all over the world, which is propelling the global food waste management industry forward. Furthermore, the increased usage of organic waste for the manufacture of animal feed and fertilisers, as well as the need to reduce greenhouse gas emissions, are driving the target market forward. However, the use of landfill and incineration to dispose of waste food, both of which have negative environmental consequences, is a major problem impeding the target market's growth.

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This release was published on openPR.