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Food Waste Management Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
The Food Waste Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Food Waste Management Market?
In recent times, the market size for food waste management has seen significant growth. The market is expected to expand from $74.48 billion in 2024 to $78.82 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. Factors such as regulatory initiatives and compliance, increased environmental consciousness, cost savings and resource efficiency, corporate social responsibility (CSR), as well as public awareness and educational campaigns have all contributed to this growth during the historic period.
The market size for food waste management is anticipated to experience significant expansion in the upcoming years. It's projected to rise to $99.89 billion in 2029, boasting a compound annual growth rate (CAGR) of 6.1%. The growth during the forecast period is predicted to be driven by factors such as circular economy initiatives, government incentives and policies, as well as customer preference for sustainable practices. Major forecast period trends encompass advancements in food waste recovery technologies, emphasis on consumer education and altered behavior, the launch of food waste monitoring apps, enforcement of circular economy practices, and international initiatives to tackle food loss and waste.
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What Are the Different Food Waste Management Market Segments?
The food waste management market covered in this report is segmented -
1) By Waste Type: Cereals, Dairy And Dairy Products, Fruits And Vegetables, Meat And Poultry, Fish And Seafood, Oilseeds And Pulses, Roots And Tubers, Other Waste Types
2) By Service: Collection, Transportation, Disposal And Recycling
3) By Source: Residential, Industrial
4) By Application: Feed, Fertilizers, Biofuel, Power Generation, Other Applications
5) By End-User: Primary Food Producers, Food Manufacturers, Food Distributors And Suppliers, Food Service Providers, Municipalities And Households
Subsegments:
1) By Cereals: Wheat, Rice, Corn
2) By Dairy And Dairy Products: Milk, Cheese, Yogurt
3) By Fruits And Vegetables: Fresh Produce, Processed Fruits And Vegetables
4) By Meat And Poultry: Beef, Pork, Chicken
5) By Fish And Seafood: Fresh Fish, Processed Seafood
6) By Oilseeds And Pulses: Soybeans, Lentils
7) By Roots And Tubers: Potatoes, Carrots
8) By Other Waste Types: Bakery Products, Packaged Foods
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What Are the Primary Drivers Shaping the Food Waste Management Market?
A rise in organic municipal waste is predicted to fuel the growth of the food waste management market. This kind of waste refers to municipal solid waste (MSW) made up of organic materials that are biodegradable and sourced from living creatures. Food waste management significantly contributes to managing organic municipal waste, which includes food waste, yard waste, and other types of biodegradable materials. Their management can be effectively done through efficient food waste management strategies. For example, gov.uk, a UK information site, reported in September 2024 that the UK sent 6.3 million tons of biodegradable municipal waste to landfills in 2022, of which England generated 81%, or approximately 5.1 million tons. As such, the rise in organic municipal waste is anticipated to stimulate the expansion of the food waste management market. Driver of the Food Waste Management Market: Growth Supported by Government Funding Measures
Which Companies Are Leading in the Food Waste Management Market?
Major companies operating in the food waste management market report are Veolia Environnement S.A., Waste Management Inc., Remondis SE & Co. KG, Republic Services Inc., FCC Environment Limited, DS Smith PLC, Suez S.A., Waste Connections Inc., Hearthside Phood Solutions LLC, Clean Harbors Inc., Cleanaway Waste Management Limited, Covanta Ltd., Covanta Holding Corp., Cleanaway Waste Management Ltd., Advanced Disposal Services Inc., Biffa Group Ltd., Implexians Eco Solutions Pvt. Ltd., Casella Waste Systems Inc., Rumpke Consolidated Companies Inc., FCC Recycling (UK) Limited, Lakeshore Recycling Systems LLC, Biancamano S.p.A, Enerkem Inc., Copia Pbc, Goodr Inc., Modern Waste Products Inc., Eoms Recycling Inc., Ecofast Italia S.R.L., Kitro S.A., Missouri Organic Recycling
What Are the Major Trends Shaping the Food Waste Management Market?
Key market players in the food waste management sector, such as the Tesco Tinder online marketplace, are employing innovative technologies to boost their market profitability. Tesco Tinder, a novel online marketplace, enables suppliers to transact surplus goods thereby reducing waste and manufacturing costs. For example, Tesco PLC, a retail enterprise from the UK, in December 2022 launched an application known as Tesco Tinder. This application facilitates the enhancement of supply chain proficiency by bringing suppliers with surplus stock together with those in need of it amongst other Tesco suppliers. It helps in reducing the volume of food waste resulting from overproduction or inefficient supply chain management. Through the minimising of waste and the advocating for the utilization of surplus stock, Tesco Tinder fosters sustainable methods.
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What Are the Top Revenue-Generating Geographies in the Food Waste Management Market?
North America was the largest region in the food waste management market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Food Waste Management Market?
2. What is the CAGR expected in the Food Waste Management Market?
3. What Are the Key Innovations Transforming the Food Waste Management Industry?
4. Which Region Is Leading the Food Waste Management Market?
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