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

The food waste management market is estimated to be valued at USD 77.69 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. Food waste is a serious issue worldwide that negatively impacts the environment and economy. It is estimated that over one-third of the food produced for human consumption gets wasted, which amounts to billions of tones ending up in landfills annually. If left unchecked, food waste contributes significant amounts of methane and carbon dioxide emissions. It also squanders water, energy, and other resources used in food production. With growing awareness about this issue, governments and businesses are implementing strategies and solutions to reduce waste at various points in the supply chain from production to consumption. Food waste management is garnering attention as an important part of sustainable waste management practices and efforts to achieve food security.

 Market Dynamics:

The global food waste management market is driven by the rising awareness about environment and health hazards of food waste among consumers and industries. Government policies and regulations promoting the reduction of food waste going to landfills are also propelling the market growth. For instance, the EU Landfill Directive restricts food waste from being sent to landfills. Growing adoption of advanced food waste management solutions like anaerobic digestion that converts waste into renewable energy presents a major opportunity in this market. High initial costs of these systems could restrain market expansion. However, increasing focus on deriving monetary benefits from food waste will help overcome this challenge. Rising demand for organic compost and novel recycling methods will open new avenues for market players in the coming years.

Key Features of the Study:

• This report provides in-depth analysis of the global food waste management market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global food waste management market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 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, and Bio Collectors
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global food waste management market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food waste management market

Detailed Segmentation-

• By Source:
• • Residential
  • Industrial
• By Waste Type:
• • Dairy & Dairy Products
  • Fruits & Vegetables
  • Meat & Poultry
  • Fish & Seafood
  • Oilseeds & Pulses
  • Others (Roots & Tubers, etc.)
• By Service Type:
• • Collection
  • Transportation
  • Disposal/Recycling
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • 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