Food Waste Management Market: Worldwide Survey, Trends, Outlook, Overview and 2023 Forecast

Market Scenario

Food waste management refers to all the activities and actions mandatory to accomplish waste from its initiation to its final clearance. It includes collection, transport, treatment, and disposal of waste along with waste monitoring and regulation. The market is experiencing rapid growth due to increasing waste food processing, which include poultry, meat, and seafood waste, agricultural waste, dairy food waste, and waste from other types of food processing.

Market Forecast

Global food waste management market has been witnessing an immense growth over the last few years owing to increasing government initiatives and awareness programs for waste food management. Additionally, governments of various developing countries are implementing several rules and regulation in to minimize the food wastages. Currently, food service industry is undergoing a huge growth both in developed and developing economies. So, the food wastage is also increasing gradually in the restaurant and other food service industry. Many governments of developed countries in Europe has made it compulsory for food manufacturers to deal with food waste recycling and disposal in an environmental friendly process, which is anticipated to be one of the key factors for the rising growth of food waste management during the forecast period of 2017-2023.

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Competitive Analysis

The Major Key Players in the Food Waste Management Market are

• Andritz Ag (Austria)
• Waste Management, Inc. (U.S.)
• Veolia Environnement S.A. (France)
• Republic Services, Inc. (U.S.)
• Stericycle, Inc. (U.S.)
• Covanta Holding Corporation (U.S.)
• Waste Connections, Inc. (Canada)

Global food waste management market is highly concentrated in North America. Europe has massive potential for food waste management owing to increasing awareness regarding food wastage in the Western European countries.

Key Findings

• North America dominates the food waste management market followed by Europe
• Asia Pacific is projected to witness a massive growth during the forecast period 2017-2023
• China is estimated to create a favorable environment to increase the growth in Asia Pacific region

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Market Segmentation

Global food waste management market is segmented by process, waste type, end use and region

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This release was published on openPR.