Food Waste Management Market was valued at USD 42.65 Billion in 2022, and it is expected to reach USD 63.30 Billion by 2029, exhibiting a CAGR of 5.8% during the forecast period (2023-2029).
Market Overview:
The Food Waste Management market analysis provides unbiased professional commentary on the present market scenario, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Food Waste Management market study also gives information on the leading businesses functioning in the Food Waste Management industry’s strategic ambitions and company growth strategies. To summarise what has been said thus far, the report provides a comprehensive picture of the Food Waste Management market in both global and regional markets.
Market Research Report analyzed the current state in the definitions, classifications, applications, and industry chain structure. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research.
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COVID-19 Impact on Food Waste Management market:
The COVID-19 pandemic has had a severe influence on the worldwide Food Waste Management business. The COVID-19 pandemic has resulted in a severe and prolonged decline in production utilization, and travel bans and facility closures have kept employees away from their facilities, resulting in a slowdown in the growth of the Food Waste Management market in 2022. However, the negative impact of COVID-19 on the Food Waste Management market is projected to be temporary, and the industry is predicted to rebound rapidly by early 2022, owing to the high demand for Food Waste Management.
Regional Analysis:
The report’s region section also includes specific market affecting elements and changes in market regulation that affect the market’s present and future developments. In addition, the existence and availability of global brands, as well as the obstacles they face owing to big or scarce competition from local and domestic brands, as well as the influence of sales channels, are taken into account when offering forecast analysis of national data. Some of the primary indicators utilized to estimate the market scenario for different regions include new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs.
Segmentation :
waste type
Due to inadequate handling, storage, and processing of the produce, fruits and vegetables dominated the market and made up 41.2% of global revenue in 2022. Market expansion for the fruits and vegetable segment is anticipated to benefit from easier waste control of fresh products in the food management sector. The Food and Agriculture Organisation (FAO) claims that more than 45% of the fruits and vegetables grown worldwide are wasted. Due to poor storage and delivery methods, more than 30% of cereals are wasted. Governments in many nations are making considerable efforts to preserve food goods, which is anticipated to fuel market expansion.
process
Given that the food waste handled by anaerobic digestion has a lower number of germs and thus prevents the spread of odour and illnesses and promotes cleanliness and sanitation, anaerobic digestion dominated the market and accounted for a 46.2% of worldwide revenue in 2022. This process fosters market growth by aiding in the recovery of nutrients and energy from waste. Combustion/incineration technology is used for all types of food waste, saving time and money on trash sorting.
by Waste Type
Cereals
Dairy Products
Fruit & Vegetable
Meat
Fish & Seafood
Oilseeds & Pulses
Processed Food
Coffee Grounds & Tea
by Process
Aerobic Digestion
Anaerobic Digestion
Incineration/ Combustion
Others
by Application
Feed
Fertilizers
Biofuel
Power Generation
by End-User
Primary Food Producers
Food Manufacturers
Food Distributors & Suppliers
Food Service Providers
Municipalities & Households
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Key players:
The study gives a complete assessment of the presence of the Food Waste Management market in various areas and countries. Significant market features such as market drivers and barriers are separated from important development prospects and industry trends in the research study. The worldwide Food Waste Management Market research gives precise knowledge that prepares market players to compete successfully with their largest competitors based on growth, sales, and other critical factors. Through a deep geographical assessment of the industry, the research analyst seeks to find hidden development prospects that may be used by companies in various regions of the world.
1.Veolia Environnement
2. SUEZ
3. Waste Management, Inc.
4.Republic Services, Inc.
5.Covanta Ltd.
6.Stericycle, Inc.
7. Advanced Disposal Services, Inc.
8.Waste Connections, Inc.
9.FCC Environment
10. Remondis SE & Co. KG
11.Clean Harbors, Inc.
Global Food Waste Management Market research report offers:
• In the year 2022, the competitive landscape has included a share of significant companies, new advances, and tactics.
• The research contains a wealth of information, including market dynamics, scenarios, and prospects for the projection period.
• Quantitative, qualitative, value (USD Million), and volume (Units Million) statistics are included in segments and sub-segments.
• Data at the regional, sub-regional, and country levels contain demand and supply dynamics, as well as their impact on the market.
• These players provide comprehensive goods, important financial information, latest advancements, SWOT analysis, and strategies.
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Key Questions Addressed in the Food Waste Management Market Report:
• Who are the major players in the Food Waste Management industry?
• What is the potential market for Food Waste Management by region?
• Which application area of Food Waste Management is likely to experience substantial growth in the next five years?
• What opportunities exist for new market entrants?
• What is the projected size of the Food Waste Management market in 2029?
• What are the growth prospects of the Food Waste Management market?
• What year serves as the base year in the Food Waste Management market report?
• Which region holds the largest market share in the Food Waste Management market?
• What factors are expected to drive the Food Waste Management market?
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