FOOD WASTE MANAGEMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In May 2024, the United States Department of Agriculture (USDA) announced the expansion of its interagency collaboration to help reduce food loss and waste across the country. This initiative aims to leverage the expertise and resources of multiple government agencies to address this critical issue more effectively.
• In 2023, Hilton, a global hospitality company, announced the launch of its "Green Breakfast" initiative, further solidifying its commitment to reducing food waste across its properties worldwide
• In 2022, a startup based in Delhi, India, made significant strides in addressing the issue of food waste management through its innovative food-to-feed conversion technology. This sustainable approach aims to reduce the environmental impact of food waste while providing a valuable resource for animal feed production.
• In 2022, Compass Group, one of the world's largest food service providers, announced a significant step in its commitment to halving food waste by 2030. This ambitious goal aligns with the United Nations' Sustainable Development Goal (SDG) 12.3, which calls for a 50% reduction in global food waste by the end of the decade.